In 2017 Severstal plans to supply over 105 thousand tons of metal products to manufacturers of refrigerators, gas ovens, washing machines, industrial packaging, etc. The deliveries will be carried out under the already signed quarter, half-year and year contracts with companies both from Russia and abroad. (Ukrainian metal)
Severstal-Metiz has put into operation a new drawing mill, thus completing the third stage of the equipment modernization. Investments in the new machinery amount to 600 million rubles so far. The new site, consisting of 12 units of equipment, was opened on January 30. As the result of the three stages of modernization the shop…
In 2016 Metalloinvest increased iron ore output by 3.1% YoY, to 40.7 million tons. In Q4 2016, the company increased iron ore production1 to 10.3 million tons, up by 4% QoQ. Annual pellet output reached 25.2 million tons, up by 5.9% YoY, mainly due to the launch of Pellet Plant #3 at MGOK. In Q4…
Kosogorsky Iron and Steel Works keeps increasing ferromanganese sales on the local market. In 2016 the sales increased by 0.8 thousand tons YoY. Deliveries to the local market and to the neighboring foreign countries reached 55.1 thousand tons, with 0.4 thousand tons exported. (Ukrainian metal)
In 2016 the four works of Petropavlovsk Plc in Amur region produced 416.3 thousand ounces of gold, down by 17.4% YoY. In particular, Pioneer works decreased output by 39%, to 141.9 thousands ounces. Pokrovsky mine yielded 37.8 thousand ounces of gold, down from 56 thousand ounces in 2015. Malomyr mine kept the gold output almost…
In 2016 Magnitogorsk Iron and Steel Works shipped 1135.5 thousand tons of galvanized rolled metal to its customers, which was record high for the company. The previous record – 1115.7 thousand tons – was reached in 2014. For the past 15 years MMK has been gradually increasing galvanized rolled metal output. The development of coated…
Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…
The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…