PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, presented its new ten-year strategy to 2027 and an update on performance at its 5th annual Capital Markets Day in London. The new strategy will reinforce TMK’s position as a leading supplier to the global OCTG market, the…Details
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In Q3 Metinvest produced 1.347 million tons of rolled metal, down by 4% QoQ. In particular, flat rolled metal output dropped by 72 thousand tons, to 1.12 million tons. Long rolled metal manufacture increased by 14 thousand tons, to 175 thousand tons. Rails production increased slightly to 8 thousand tons. In 9 months rolled metal…Details
In Q3 Metinvest produced 2.026 million tons of pig iron, on the level of July-September 2016. The drop of output at Azovstal (by 77 thousand tons) was compensated for by the increase at Mariupol Ilyich Iron and Steel Works (by 78 thousand tons). In particular, Azovstal produced 868 thousand tons of pig iron, down by…Details
In Q3 Metinvest produced 1.802 million tons of steel, down by 3% YoY. In January-September the group produced 5.725 million tons of steel, down by 10% YoY. In particular, Azovstal in Q3 decreased steel output by 8% QoQ, to 1 million tons, while Mariupol Ilyich Iron and Steel Works was able to increase output by…Details
Energomashspetsstal has produced a large batch of rolls for ABB. According to the company statement, products were supplied to ABB enterprises in Finland and Poland. The total weight of the batch is 154.55 tons. The rolls will be used in the manufacture of electric engines. In 2016 EMSS received 1.49 billion UAH of net loss,…Details
The license for the development of Bozymchak, the country’s largest copper-gold deposit, was renewed, the press secretary of KAZ Minerals Bozymchak LLC Elena Tregubova informed. Earlier, the company received a notice on suspending the license for three months with reference to Article 27 of the Law of the Kyrgyz Republic On Subsoil. Ulanbek Ryskulov, Chairman…Details
Russian steelmaker Severstal may invest up to $15 million in the Yakovlevsky mine in 2018, and will present a business plan for the asset by May 2018, CEO Alexander Shevelev said on November 2. “Next year investment will amount to up to $15 million,” he said. The company acquired full control over the mine two…Details
Russian metals and mining group Mechel will export up to 300,000 tons of coal per year to Japan’s Itochu Corporation under a long-term contract, the company said in a statement on November 2. “We have been shipping coal to Itochu Corporation only under spot contracts for the past two years, and the signing of a…Details
The Prosecutor General’s Office of Ukraine has returned to the U.S.-based Avellana Gold international mining company the previously withdrawn special permit for the development of Muzhievo polymetallic ore deposit in Zakarpattia, the west of Ukraine, as well as confidential geological information about the field, according to the company’s press service. “The General Prosecutor Office has…Details
Russian gold producer GV Gold has bought back 5.26% of its shares from the European Bank for Reconstruction and Development (EBRD) early, the company said on November 2. GV Gold’s unit Sakha Gold Mining acted as the buyer. The final payment amounted to $39 million, while the total payment stood at $62 million. Under the…Details
In 2017 a record commissioning of new long faces is expected at the state mining companies. “This year a record number of new long faces will be put into operation at the state mines – 38. 19 long faces have already been commissioned, 19 more will be commissioned in these two months. For comparison, in…Details
The need in the machine resulted from the switch of the company in March from underground mining to open-pit mining at the Jebariki-Khay. The machine will crush large fraction coal appearing after explosion works. The volume of pieces could be 1.5-2 cubic meters. Jebariki-Khay supplies coal to housing and municipal companies of the northern and…Details
In just three months after Amurmetal resumed operation (the works has been idle for half a year) it has already produces 72.5 thousand tons of continuous-cast billets. Now the main task is to reach the scheduled capacity of 800 thousand tons of liquid steel per year. Later it would be possible to increase output to…Details