For the past three years Ferrexpo has decreased its pellets supplies to China from 25% to 13%. “We started with 25% sales to China, but once we improved the quality of our pellets, we started selling more to the Western Europe and the North-Eastern Asia”, the investors and communications director Ingrid McMahon reported. According to…
Anglo Asian Mining PLC reported decrease in its gold, silver and copper mining. In Q3 it mined 16.497 thousand ounces of gold at its Gedabek mine (with the forecast of 18.500 thousand ounces) as opposed to 19.375 thousand ounces in Q2 and 18.200 in Q3 2015. This year the company plans to produce 69-71 thousand…
In January-September Yakutugol, a part of Mechel, mined 7.5 million tons of coal, up by 11% YoY. All the group companies have demonstrated increase in output. In particular, Neryugrinsky open-pit coal mine yielded 7 million tons of coal, up by 11% YoY. Kangalassky open-pit mine yielded 145 thousand tons of coal, up by 16%. Jebariki-Khaya…
In Q3 the Pipe Metallurgical Company (TMK) sold 822 thousand tons of steel seamless pipes, down by 7.7% QoQ, with 2.5 million tons sold in January-September, down by 12% YoY. Welded pipes saw the main sales drop – by 31.6% QoQ, to 208 thousand tons. Seamless pipes sales, on the other hand, went up by…
Novatek-Chelyabinsk has filed a claim to the Arbitrary Court of Chelyabinsk region to recover 430.2 million rubles of gas debts from Chelyabinsk Iron and Steel Works, a part of Mechel. This is not the first time that Mechel is sued for gas debts: on August 16, Novatek also claimed 431.9 million rubles of gas debts.…
In January-September Chukotka mined 22.45 tons of gold, down by 11.52% YoY, while silver output went up by 8.7% YoY, to 125.04 tons. According to the department of industrial policy, construction and housing of the Chukotka Autonomous District, mining companies yielded 20.42 tons of gold, down by 12.3% YoY, while gravel deposits mining dropped by…
Since 2010 the efficiency of the state-owned sea trade port Yuzhny increased two-fold thanks to the cargo of Ukrainian metal companies. “Our taxes have increased from 482 million UAH in 2010 to 960 million UAH in 2015”, the port director Alexander Lagosha explained. And the main reason for the payments increase was the stable loading…
NLMK Group, an international steel producer with operations in Russia, the US and European countries, has been honored at the prestigious Cannes Corporate Media & TV Awards 2016 international festival for the first time in its history. At the Awards Ceremony that took place on October 14, NLMK received a Silver Dolphin in the Integrated Communications nomination for its #teamNLMK communication…