In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…Details
Q1 was quite successful for Ventall. The volume of orders on the delivery of ferrous metals structures grew by 38% YoY, and components – by 19%. In order to retain the positive dynamics, the company intends to modernize its capacities, increase product portfolio and develop partner network. “We have optimistic plans for the future. The…Details
The construction of the rail and beam shop of the Novo-Tagil Iron and Steel Works started during the Second World War. The manufacturing complex measured 600×140 meters. The shop had two rolling mills – 900 and 800, which were fully commissioned in April 1949. In 2012 manufacture underwent a serious modernization. In 70 years the…Details
In January-March, Seligdar produced 598 kg of gold, up by 146% YoY. Ore mining totaled 1487 thousand tons, up by 12%. In March, 189.2 kg of gold were produced. Tin concentrate output reached 450 tons. In Q1 2018 no tin was produced. Gold sales revenue grew 3-fold, to 2 billion rubles, and tin – 20-fold,…Details
Zlatoust Electrometallurgical Works has started producing rolled billets with the size of 28×250 and 73×250 mm at the mill-750. The mastering of the new sizes will allow the company increasing its special purpose sections portfolio. The company started rolling billets on April 9. In two shifts 110 tons of billets have been manufactured of 10860,…Details
In January-March, Severstal net profit decreased by 7.2% YoY, to $428 million.
EBITDA dropped by 6.1%, to $663 million.
Compared with Q4 2018, net profit fell by 26%, and EBITDA – by 16.5%.
The group net debt as of March 31, decreased by 30%, to $863 million. (Ukrainian metal)
At a meeting held on April 19, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 dividends of 7.34 rubles per share at the Extraordinary General Shareholder Meeting (EGM) to be held on June 7. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q1 dividends of 7.34 rubles per…Details
The newly elected Board of Directors of NLMK Group held its first meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors also approved the schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic Planning Committee: chairman – Oleg…Details
At least 15,004 people have signed the petition against the project on development of uranium deposit in Issyk-Kul region. Collection of signatures continues. Last weekend, social networks’ users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko. She invited everyone to sign the online…Details
Gold production of Polyus increased by 19% YoY, but fell by 6% QoQ, to 600,700 ounces in January-March, the company said in a statement on April 23. Sales grew by 24% YoY, but dropped by 11% QoQ, to 570,000 ounces. Production on the Olimpiada deposit rose by 17%, to 248,300 ounces, on Blagodatnoye by 3%,…Details
Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev instructed to suspend work at the uranium deposit in Kyzyl-Ompol area, the Information Policy Department of the Government’s Executive Office reported. The head of the Cabinet held a meeting on the activities of YurAsia company in Kyrgyzstan. An interdepartmental working group was formed on December 31, 2018. Its participants…Details
Rally at Tash-Bulak uranium deposit ended after a meeting with members of the Parliament, local journalist Anara Azhybekova reported. According to her, a meeting of local residents with members of Parliament Abdybek Duishaliev and Altynbek Zhunus uulu took place at the uranium deposit. “MPs listened to the demands of local residents to ban the development…Details
In February, according to the customs statistics, Russia exported 312.3 thousand tons of ferrous scrap, down by 17.8% YoY. In January-February exports fell by 22.6% YoY, to 559 thousand tons. Turkey accounted for some 35% of exports, down by 39%. The share of Belarus decreased by 4.1%, to 30.6%, and of South Korea – by…Details
In January-March, Kazakhstan produced 22738 kg of raw and semi-wrought gold, up by 7.3% YoY. Silver output dropped by 4.9%, to 230237 kg. At the same time the manufacture of raw aluminum and aluminum oxide decreased by 9.7%, to 395864 tons, lead – by 16.8%, to 32408 tons, zinc – by 2.9%, to 80191 tons,…Details
In 2018 mining companies paid 6.07 billion rubles of taxes to the Khabarovsk region budget, up by 9.1% YoY. Polymetal enterprises accounted for some 43% of the taxes paid – 2.639 billion rubles. In particular, Resursy Albazino LLC paid 2.005 billion rubles, up by 570 million rubles YoY. Rusolovo enterprises paid 50 million rubles of…Details
In 2020 Rusolovo intends to complete the modernization of the Solnechnaya factory at the Festivalnoye deposit in Khabarovsk region.
Investments will reach 1.4 billion rubles.
After modernization the factory will be producing 1.2 thousand tons of tin concentrate per year. (Ukrainian metal)
In January-March, the service metal center of Severstal Distribution in Riga produced 65 thousand tons of metal, up by 2.5% from the previous record set in Q2 2018. Moreover, for the first time in March the enterprise produced 13.4 thousand tons of hot-rolled metal in one month. In the past several years Riga SMC has…Details
Severstal – Bar Works Balakovo has finished scheduled capital repairs of the main and auxiliary machinery.
The cost of the repair exceeded 40 million rubles.
The repair covered machinery in the electric steel smelting shop. (Ukrainian metal)
In January-March, Russia decreased production of unalloyed steel and semi-finished products by 0.2% YoY. In March the output totaled 4.8 million tons, down by 7.4% YoY and by 0.1% MoM. According to the Federal Service of State Statistics, stainless steel manufacture dropped by 14.3% YoY, but grew by 13.4% MoM, to 14.3 thousand tons. In…Details
Rostov Electrometallurgical Works LLC has been declared bankrupt. The claims to the company amount to 10.4 billion rubles. REMZ is one of the largest metal companies in the Rostov region. Its capacity is 730 thousand tons of steel and 530 thousand tons of bars per year. Revenue in 2017 totaled 1.09 billion rubles, and net…Details
Russia’s United Metallurgical Company (OMK) has launched construction of a 50-billion ruble seamless pipes facility at its subsidiary Vyksa Iron and Steel Works. “The goal of the project is to satisfy current and future demand in line and threaded seamless pipes, including pipelines for difficult production conditions and directional drilling by oil and gas companies…Details
Interdepartmental Commission has visited uranium deposit and measured the background radiation level, YurAsia company reported. The radiation background in the camp ranges from 30 to 72 micro-roentgens per hour, and at the quarry – 75 micro-roentgens per hour. The radiation background rose to 130 micro-roentgens per hour at the mining site. After the completion of…Details
DTEK has limited electricity supplies to the state enterprise Mine named after Surgay in Ugledar, Donetsk region. “On April 22, the electricity supplies to the mine were limited because of the debt of 322.5 million UAH”, the company said. The Ministry of energy, the State Service of the energy supervision and the city council of…Details
In March, Dneprovsky Iron and Steel Combine produced 231.404 thousand tons of metal, up by 1.2% from the target. The works also produced 346.741 thousand tons of sinter (+3.5%), 202.638 thousand tons of pig iron (+4.3%) and 227.905 thousand tons of steel (+0.8%). The rolling shop manufactured 60.509 thousand tons of metal, with pipe site…Details