The Kostanay region has started implementing the project to mine coal at the pit No. 2 of the Kushmurunskoye deposits. Investments are expected on the level of 209.5 billion tenge, and the site will be developed for 45 years. Overall coal output will reach 188.2 million tons. 519 jobs will be created. (Ukrainian metal)Details
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On September 30 Electrozinc finished the repair of its zinc manufacture and resumed operation at the main shops. During the repairs a new sanitary discharge pipe was assembled at the sulfuric acid shop. As of late October 2 the electrolysis shop produced 150 tons of zinc. (Ukrainian metal)Details
In January-September Amur region yielded 2.4 million tons of coal. Amursky Ugol carries on its program to modernize mining and transport machinery. Thus, new bulldozers appeared at Yerkovetksy and Severo-Vostochniy pits. In 2018 the program will continue. Yerkovetsky pit was put into operation in 1991, Severo-Vostochniy pit – in 1932. (Ukrainian metal)Details
Kosogorsky Iron and Steel Works increases ferromanganese sales to the local market and abroad. In 9 months sales increased by 5.2 thousand tons YoY. In particular the local market and neighbor foreign countries received 46.8 thousand tons, and to far foreign countries the company exported 0.3 thousand tons. (Ukrainian metal)Details
In January-September Krasnoyarskugol mined 4.4 million tons of power-generating coal, up by 12% YoY. The increase is explained by the positive dynamics on the coal market. Analysts say that coal consumption by major power companies has increased, as have the exports. “Coal remains the cheapest and the most trusted type of fuel. According to our…Details
Orlovsky Steel Rolling Works, a part of Severstal-Metiz, has shipped another batch of fasteners for the construction of the Yekaterinburg-Arena. Screws and M20 nuts will be used in assembling spectator stands for the World Cup 2018. This is not the first batch of the company fasteners to this arena – previously the company has already…Details
The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…Details
The situation favorable for investments in metal industry is possible only in 3-5 years. “Most companies now invest in vital projects. Investments in the sector now amount not to billion dollars, but to hundred millions”, Mechel CFO Sergey Rezontov said. According to him, in the past several years there have been almost no new investment…Details
Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation. The previous milestone – 340 million tons – was reached in 2016. The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)Details
The Olenegorsky Mining and Processing Works has started assembling machinery of the crushing and sorting complex to produce crushed stone. Commissioning is planned for October. The specialists will have to assemble 3 crushers and 16 conveyors of 15-18 meters depending on the crushing fraction. There will also be a laboratory. “The Metso crushing and sorting…Details
Chelyabinsk Iron and Steel Works has put into operation the slab-heating furnace in the rolling shop after repairs. The machinery is a part of the chain to produce high quality steel sheet. The cost of the repair was some 2 million rubles. The repaired furnace heats slabs before they are rolled at the 2300/1700 mill.…Details
In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…Details