ArcelorMittal Temirtau will invest $21 million into the strategically important steel project. At present the ladle furnace construction is nearing its end. Its commissioning is scheduled for late Q2 2018. “The converter shop is undergoing a serious repair. This year we carried out 21 investment projects there. The most important for the steel manufacture is…
In Q3 Polyus gold output increased by 16%, to 642 thousand ounces. Mined ore totaled 9915 thousand tons, up by 45% YoY. Gold sales increased by 5%, to $734 million at the average price of $1279 per ounce. As of September 30, the company total debt was $3151 million, up from $3084 million as of…
In January-September the coal division of the Industrial-Metallurgical Holding increased coking coal output by 50%, to 2.17 million tons. The increase is the result of two mines put in operation in May. Coal concentrate output at Berezovskaya Central Processing Factory totaled 1.87 million tons, down by 4% YoY. Coke output in 3 quarters dropped by…
In January-September Kuzbassrazrezugol produced 34.8 thousand tons of coal, up by 4.5% YoY. Coking coal accounted for 4.6 million tons, up by 1.6% from the target. Baykaimskaya mine yielded the most coking coal – 850 thousand tons. Since the start of the year the company has shipped 31.4 million tons of coal to consumers, with…
In January-September DTEK increased purchases of coal from Lviv and Volyn region mines by 6.3%, to 521 thousand tons. According to the company statement, the growth has to do with the increase in electricity output at combined heat and power plants operating on the gas coal. In September Western Ukraine mines supplied DTEK with 75…
The Antimonopoly Committee of Ukraine has allowed Glencore to buy Nikolaev Alumina Works from Rusal. Glencore will own a share in Aluminiy Ukrainy LLC and Guardon Ukraina LLC, which own 13.96% and 86.04% in NGZ respectively. In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. (Ukrainian metal)
In September industrial product prices increased by 2.4%. According to the Federal Service of State Statistics, in quarrying and ore processing prices increased by 14.4%, in non-ferrous metals ore – by 1.9%. Pig iron, steel and ferroalloys became 11.2% more expensive, while non-ferrous metals prices increased by 8.3%, and copper – by 7.1%. (Ukrainian metal)
In September Tulachermet produced 203.2 thousand tons of pig iron – the maximum monthly result in all its history. The target for September has been overfulfilled by 6.291 thousand tons. The previous record of 202.1 thousand tons was achieved in May 2016. The growth of output is the result of the faultless operation of blast…