On September 4, Belarus Iron and Steel Works smelted the 50-millionth ton of steel. Each year the jubilee tons are reached sooner thanks to the reconstruction at the works. The 20-millionth ton was produced in 2004, 20 years after the production started. In early 2013 the works produced the 40-millionth ton. In 4.5 years BMZ…Details
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Rusal announces the manufacture of the first in Russia high-voltage power transformer with aluminum winding. The project was carried out by the Engineering-Construction division in 2016-2017 within the program to improve the stability of electric equipment operation at Rusal aluminum plants. The first transformer has already arrived at the Bratsk Aluminum Works. Rusal plans to…Details
At the Horizon mine in the pro-Russia terrorist-occupied Makeevka following the accident at least two miners perished. The accident happened on September 1, when the mine was flooded. The body of a miner – the Makeevka citizen (born 1987) – was recovered. Soon after that the body of another miner was found – also Makeevka…Details
The Minister of Energy of the Republic of Kazakhstan, Kanat Bozumbayev, has dubbed the troubled facilities in terms of the preparation for the upcoming heating season. “In a number of regions, there are outstanding issues that require additional measures to ensure the stability of the upcoming heating season,” Kanat Bozumbayev said at a government session.…Details
The Supreme Commercial Court of Ukraine has left unchanged the ruling of the Kiev commercial court of appeals as to the volume of the main debt of Dneprovsky Iron and Steel Combine to Metinvest at 5.19 billion UAH instead of 2.566 billion UAH. At the same time the ruling of the Commercial court of Kiev…Details
The Lviv region state administration is against uniting all the state mines into one company, the administration fuel and energy saving department director Mikhail Melnik reported. “We don’t like the idea of turning separate enterprises into manufacturing subdivisions. We want money invested into each mine, we want them modernized. The country is carrying out the…Details
On September 1 a new standard TK 99 “Aluminum” GOST R 57454-2017 “Primary aluminum and the alloys on its basis. Forms of output and delivery. Marking, packaging, transportation and storage” developed by the Aluminum Association came into effect. The goal of the standard is to improve the quality and competitiveness of aluminum products, and update…Details
Rost Bank has filed a bankruptcy claim to the Arbitrary court of Sverdlovsk region as to Rezhnickel. The amount of the claim is 202.6 million rubles. In late August Rost Bank filed a similar claim as to Ufaleinickel, demanding 202.6 million rubles as well. Rusal enterprises in the Ural Federal District stopped operating because of…Details
Kola MMC has finished reconstructing the nitrogen-oxygen plant, having put into operation a new air-separation unit with compressor equipment. The modernization will allow Kola MMC to considerably decrease expenses when manufacturing air separation products widely used in the non-ferrous metals manufacture. The company believes the economic impact from the implementation of new techniques will amount…Details
The RusHydro board of directors has preliminary approved of the results of its participation in the construction of the Taishet Aluminum Smelter together with Rusal. RusHydro has estimated the cost of a 50% stake in the project at $388 million (22.5 billion rubles). Another aspect of the company participation in construction is Rusal confirmation of…Details
Rusolovo, the only tin-mining company in Russia, in January-August produced 511 tons of tin concentrate, up by 70% from the historical maximum of 300 tons, reached by the company in 2015. “The considerable increase of the tin output is the result of the consecutive investments into restoration and development of capacities”, the company CEO Evgeniy…Details
NLMK is planning to start a road show with dollar-nominated eurobonds in USA and Europe on September 6. Meetings with investors will be held in London, Zurich, New York and Boston. J.P. Morgan, SG CIB, ING and UniCredit will act as organizers. Depending on the market situation NLMK intends to offer mid-term bonds to investors.…Details
The European Bank fro Reconstruction and Development intends to lend ArcelorMittal Kriviy Rih 200 million euro. The total amount of the loan could reach 350 million euro, with 150 million provided with the help of other institutions. The loan will be used to support the AMKR investment program valued at $1.1 billion. (Ukrainian metal)Details