In January-May Ukrzaliznytsia transported 29.8 million tons of iron and manganese ores, up by 5.7% YoY. According to the State Statistics Service, metal cargo transportation grew by 2.2%, to 43.1 million tons. Scrap transportation fell by 13.9%, to 1.1 million tons. Ukrzaliznytsia has also decreased ferrous metals transportation by 2.5%, to 8.5 million tons, and…Details
Izhstal has carried out capital repairs of a Kieserling bar finishing line.
The line produces trimmed rods with the diameter of 14-75 mm.
Izhstal has two similar lines. Their combined output in 2018 was some 1.5 thousand tons, up by 6% YoY. (Ukrainian metal)
Kosaya Gora Iron and Steel Works has held a meeting of shareholders.
One of the issues of the June 24 meeting was the dividend payment for 2018.
The shareholders decided not to pay dividends, and to spend the profit on the development of the company. (Ukrainian metal)
Chelyabinsk Electrometallurgical Works decided to finally increase wages. On May 16, the employees made a strike declaring that in 5 years their wages had decreased by a quarter. After the strike they met the company director, but to no avail. According to the new orders, from June 1 the wages at the company will increase…Details
Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…Details
Three Rusal companies have passed a certification according to the standards of the Aluminium Stewardship Initiative (ASI). The certification will help improve the manufacturing-sales network. Bauxite of Timan, Ural Aluminum Works and Irkut Aluminum Works have successfully passed certification according to ASI Performance Standard and ASI Chain of Custody Standard. Rusal intends to certify all…Details
The drawing site of the Severstal Steel Ropes Volgograd subsidiary has implemented an accounting technique resulting in the increase in the operation efficiency. The changes are related to the system of every wire drawer output fixation. Now all the work is accounted, including the weight of the unfinished coil. “The changes made to the accounting…Details
Alexei Raychev has replaced Sergey Sivtsov as chairman of the commission on the state enterprise Mine named after Surgay reorganization. Until 2018 Raychev has been the director of the state enterprise Krasnolimanskaya Coal Company. Sivtsov has been fired some hours after he has concluded an agreement to supply coal from the state mine to the…Details
Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…Details
Reclamation of uranium tailings in Mailuu-Suu will begin in September-October, representative of the European Commission Pascal Daures reported. According to him, all the preparatory work within EU Programme “Environmental Remediation in Central Asia” has been completed. The European Bank for Reconstruction and Development will begin holding tenders and signing work contracts in September. As Pascal…Details
In April Russia imported 15.7 thousand tons of copper ore and concentrate, down by 68.7% MoM and by 64% YoY.
The price in April dropped by 9.6%, to $1222 per ton.
In 4 months copper ore imports decreased by 22.6% YoY, to 153.4 thousand tons. But in monetary terms they grew by 11%. (Ukrainian metal)
In April Russia exported 22.8 thousand tons of zinc ore and concentrate up by 136.6% MoM and by 54.7% YoY.
In 4 months exports grew by 9.9% YoY, to 87.8 thousand tons.
Since the start of the year exports fell by 10.7% in monetary terms. (Ukrainian metal)
The acting governor of Bashkortostan Radiy Khabirov and the CEO of UGMK-Holding LLC Andrey Kozitsyn have signed an agreement of intent to carry out an investment project to construct a mine with infrastructure and develop the Podolskoye copper-zinc deposit. The first stage is expected to be commissioned in 2026. Investments will amount to 50 billion…Details
Since the start of the year Evraz NTMK has mastered the manufacture of several new types of shaped rolled metal. In particular, the beam shop has produced the first batch of new NE200 beam according to EN 10365-2017, and the rail and beam shop – equal angle No. 20 according to GOST 8509-93. The NE…Details
In January-April the consolidated throughput of Nakhodka Sea Trade Port terminals totaled 46.636 million tons, up by 0.3% YoY.
Ferrous metals and pig iron accounted for 4.571 million tons, up by 3.4%.
Non-ferrous metals throughput dropped by 21.2%, to 0.292 million tons.
Iron ore indexes grew by 33.5%, to 0.969 million tons. (Ukrainian metal)
Precious metals producer Polymetal International hopes to obtain licenses for survey at three gold-containing fields on Russia’s northernmost Taimyr Peninsula, CEO Vitaly Nesis reported. In April, Polymetal set up a debut strategic partnership with a junior company to organize exploration on the peninsula, with a shareholding of 70%. “We have a joint venture with a…Details
A consortium led by Fosun International Ltd. is in talks to acquire a majority stake in GV Gold, a Russian gold miner backed by BlackRock Inc., Bloomberg reported, citing people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co. for a joint offer, the people said, asking not…Details
ArcelorMittal Kriviy Rih has received the third locomotive this year modernized by Nikolayev Locomotive-Repair Plant. 4 more machines are expected in August-October. And three will be sent for repairs in late June. Thus, in 2019, 11 locomotives will be repaired this year, up almost 2-fold YoY. “But for the fleet of 126 machines, which service…Details
Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop. The previous record figure was 172,000 tons of long product shipments, which was reached at…Details
Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…Details
According to Worldsteel, in January-May global steel output grew by 5.03% YoY, to 764.07 million tons.
China is a traditional leader with 404.88 million tons, up by 10.19%. China’s share in the world output is 53%.
Ukraine is still on the 13th place with 9.27 million tons produced, up by 6.9%. (Ukrainian metal)
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The employees of the Yuzhnodonbasskaya No. 1 mine and partially of the Mine named after Surgay have started striking because of non-payment of salary.
The wage debt reaches 35 million UAH.
The miners have blocked a highway.
The Yuzhnodonbasskaya No. 1 miners have also suspended coal mining. (Ukrainian metal)
Aktyubinsk Copper Company has purchased new special machinery to develop the Vesenne-Aralchinskoye deposit. The batch comprises 7 dump trucks, 3 loaders and 2 drilling rigs. The lifting capacity of the loaders is 10 tons, and of the trucks – 20 tons. The deposit is situated both on the territory of Kazakhstan (southern part) and Russia…Details