In January-February Kazakhstan mined 5.884 million tons of iron ore, up by 14.4% YoY. According to the Statistics Committee of the Ministry of the national economy, copper ore output totaled 14.547 million tons, up by 54% YoY, and chrome concentrate – 668.3 thousand tons, up by 15%. (Ukrainian metal)
In 2016 the only primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – decreased its losses by 61% YoY, or by 1.256 billion UAH, to 787.635 million UAH. According to the company statement, the value of its assets at the end of 2016 totaled 241.651 million UAH, current liabilities – 6.3 billion UAH, fixed…
The Ukrainian market of coated metal is reviving after a fall in 2014-2015 thanks to the rise in the construction. According to Metinvest marketing director Roman Kurashev, in 2016 galvanized steel consumption in Ukraine increased by 26% YoY, to 298 thousand tons, and this year it is expected to reach 307 thousand tons, almost on…
The Pipe Metal Company has supplied the first batch of drill pipes with the premium interlock of the second generation – TMK UP EXD. The pipes have been shipped to Samotlorneftepromkhim. The new interlock is easier to assemble which decreases time and expenses for drilling. TMK UP EXD has been developed by TMK – Premium…
Energy and Coal Industry Minister Ihor Nasalyk estimates Ukrainian thermal power plants’ demand for anthracite coal until the end of 2017 at 4.2 million tons. He announced the forecast at a Cabinet meeting on March 16. “We’re running four projects to minimize coal consumption. I’d like to tell you that we need only 4.2 million…
In 2017 Severstal will increase its share on the Russian market of polymer-coated rolled metal. According to the company flat rolled metal sales director Kirill Kiryushkin, in 2016 its share was 20%. This year the company plans to increase it to 24%. In Q3 Severstal will put new galvanized and coated metal capacities in operation,…
Geologists of the Magadan region have discovered a gold field with resources amounting to several dozen tons, a regional division of geological exploration company Rosgeo, also known as Rusgeology, said in a report on March 16. The newly discovered Khulgannakhskaya block is located 102 kilometers off the Omchak village, where the nearest Matrosov mine is…
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has completed delisting of its global depositary receipts (GDRs) from the London Stock Exchange (LSE), the company said in a statement on March 16. Nordgold offered to buy the GDRs at $3.45 per security and said it could spent a total of up to $118…