Alfa-Bank has provided financing of $200 million to Evraz NTMK. The loan has been issued for 6 years. “We are proud of our 10-year cooperation with one of the largest industrial groups of Russia – Evraz NTMK. When working with reliable borrowers, we are ready not only to take decisions quickly, but also provide funds…
DetailsSchneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…
DetailsIn June Ukraine produced 1.593 million tons of steel, down by 13% YoY. This resulted in the fall from the 13th position among world steel manufacturers occupied by Ukraine in May to the 14th. In June 67 countries produced 141 million tons of steel, up by 3.2% YoY. China leads the rating with 73.2 million…
DetailsAs part of his working trip to Pavlodar region, Prime Minister of Kazakhstan Bakytzhan Sagintayev visited the Bozshakol mining and processing complex. During the visit, CEO of Kaz Minerals PLC Oleg Novachuk told Prime Minister Sagintayev that the complex was set to produce 100,000 tons of copper annually when it reached its designed capacity. Some…
DetailsPAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has acquired from Gazprombank rights for loans and accrued interest of Metal-group LLC worth over 12 billion rubles as well as collateral for the loans. Metal-group LLC is the owner of the mining license for the central part of Yakovlevsky iron-ore…
DetailsIn January-June Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 9.3 thousand tons of non-ferrous rolled metal as well as 1.4 thousand tons of powder, up by 14.2% YoY. The share of KUZOTsM in the Russian non-ferrous metals output increased by 3%, to 36%. The company has also increase sales by 15% YoY. In particular, rolled copper…
DetailsSumy NPI (Ukraine) and ArcelorMittal Temirtau have signed an agreement on the delivery of liquid-packed ring pumps and their rotors. According to Sumy NPO chief sales manager Oleg Semesenko, the company will supply 2 VVN2-150m pumps and three rotors. The capacity of the machinery is 150 cubic meters per minute. The weight of each pump…
DetailsIn January-June Kemerovo region enterprises increased coal output by 10% YoY, to 118.3 million tons, with exports up by 15%. The highest growth was demonstrated by SUEK-Kuzbass (by 1.8 million tons), Kiyzassky Open-Pit (by 1.7 million tons), Kuzbassrazrezugol (by 1.2 million tons), Raspadskaya Coal Company and Stroyservice (by 1.1 million tons each). Coal deliveries to…
DetailsGaysky Mining and Processing Works has started constructing the new electronic scale complex to weigh products sent via automobiles from the copper and zinc concentrate warehouse of the processing factory. The estimated cost of the construction is 6.3 million rubles. The new complex will be put in operation in the second half of the year.…
DetailsChelyabinsk Iron and Steel Works has smelted the first large billet weighing 50 tons. The new technology to produce super-sized billets of special steel grades will allow ChMK to enter a new market and sell locally, as well as export. There are not many companies in the world capable of producing such billets, as the…
DetailsDneprovsky Iron and Steel Combine is finishing preparations to start operations. According to the company technical director Konstantin Nesvet, on July 21 it is planned to start loading the blast furnace No. 9. The converter shop started receiving water for cooling, and the section rolling shop prepares to put its heating furnace into operation. Raw…
DetailsBlack Iron (Canada) intends to prepare a new feasibility study of the project to create the iron ore concentrate manufacture at the Shimanovskoye deposits in Dniepropetrovsk region. The company has attracted BBA Inc. to prepare the study. The document is expected to be complete at the end of the year. “The current exchange rate has…
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