Russia: Nordgold commissions new mine in Yakutia

Nordgold has put into operation a new mine – Gross – in Yakutia.

Investments in the mine are estimated at $250 million.

When the mine reaches its design capacity it will be extracting some 12 million tons of ore and producing 200 thousand ounces of gold per year for 17 years. (Ukrainian metal)

Russia: steel deliveries to metal traders up in summer 2018

In June-August steel deliveries to major metal traders totaled 2.71 million tons.

According to railroad statistics, this is up by 6.1% YoY.

At the same time deliveries grew by 24%, 14% and 2.6% compared with 2014, 2015 and 2016 respectively. (Ukrainian metal)

Kazakhstan: AMT to receive another batch of NKMZ machinery

ArcelorMittal Temirtau is reconstructing its hot-rolling mill-1700 in the sheet-rolling shop No. 1. The goal of the project is to replace outdated machinery and increase capacity. The machinery is supplied by Novokramatorsk Machine-Building Works (Ukraine). So far the company has shipped machinery for the second stage of repairs. Soon NKMZ specialists and AMT employees will…

Russia: Severstal Steel Decisions ships metal structures for office construction

Severstal Steel Decisions has completed the shipping of metal structures for the construction of an office building in the village of Ozeretskoye in Moscow region.

The total floor area of the building is 120 square meters.

The company has supplied 140 tons of metal structures. (Ukrainian metal)

Russia: Omega gold output up in 2018

Omega LLC has finished the gold washing season of 2018. The result was 320 kg of alluvial gold, with the target at 304 kg. The output grew by 14% YoY. The company is developing gold deposits in the Republic of Sakha (Yakutia). It has 4 licenses for Lazo, Bilir, Bolshoy Delegenyakh and the Bilir Brook…

Ukraine: EMSS ships 200 tons of rolls to local companies

In August Energomashspetsstal produced and supplied over 200 tons of working and supporting rolls to Ukrainian customers.

In particular, the rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works, Azovstal, etc.

All these enterprises are long-time partners of EMSS.

The rolls will be used at hot- and cold-rolling mills. (Ukrainian metal)

Russia: Severstal sales down in August 2018

In August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons.

This is the lowest level since July 2017.

In January-August sales grew by 5.3% YoY, to 5.45 million tons.

Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)

Russia: RAEХ assigns ruАAA rating to NLMK Group

NLMK Group, an international steel company, is pleased to announce that RAEX (Expert RA) has assigned it the highest credit rating of ruAAA with a stable outlook, making NLMK Group the first metals and mining company to be awarded the highest rating by the agency. The rating acknowledges the company’s high creditworthiness and financial reliability,…