The Antimonopoly Committee of Ukraine has allowed the citizen of Cyprus Vadim Yermolayev to gain control over Dnepropress Steel LLC. The businessman from the city of Dnipro has for the past several years been the investor of the company. He is also the founder of the Alef Corporation, which unites various businesses. Dnepropress Steel makes…
In January-September KAZ Minerals produced 230.5 thousand tons of copper, up by 6% YoY. In Q3 the output totaled 82.9 thousand tons of copper and 58.5 thousand ounces of gold. The copper output target this year is 300 thousand tons. Gold target of 170-185 thousand ounces could be exceeded by 5%. The company net debt…
In July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…
The Board of Directors of NLMK has approved the company’s Sustainable Development Policy. The policy defines NLMK Group’s sustainability principles, goals and targets, as well as the mechanism for oversight of the company’s ESG agenda by the NLMK Board of Directors. For example, NLMK’s Strategic Planning Committee has been tasked with identifying the company’s strategy…
The coal concentrate output of the Russian coal producer Raspadskaya rose by 17% YoY, to 6.266 million in January-September, the company said in a statement. Exports of coal concentrate increased by 22%, to 4.532 million tons. Domestic sales rose by 6%, to 1.734 million tons. The output of raw coal grew by 21%, to 10.112…
In January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
In July-September Ukraine drastically decreased exports of steel products to US – 2.6-fold QoQ. According to the Customs Service, the exports totaled 32.1 thousand tons as opposed to 84.1 thousand tons. In August Ukraine exported a mere 2.6 thousand tons to US. The main reason of the decrease was the introduction of a 25% import…
In August Russia exported 12.7 thousand tons of corrosion-resistant steel scrap valued at $14 million, down by 42.6% and 33% YoY respectively. In January-August exports grew by 11.8%, to 82.5% YoY, valued at $87.4 million, up by 6.7%. In August the average price was $1090 per ton. 80% accounted for scrap with nickel content of…