In April Russia exported 22.8 thousand tons of zinc ore and concentrate up by 136.6% MoM and by 54.7% YoY. In 4 months exports grew by 9.9% YoY, to 87.8 thousand tons. Since the start of the year exports fell by 10.7% in monetary terms. (Ukrainian metal)
The acting governor of Bashkortostan Radiy Khabirov and the CEO of UGMK-Holding LLC Andrey Kozitsyn have signed an agreement of intent to carry out an investment project to construct a mine with infrastructure and develop the Podolskoye copper-zinc deposit. The first stage is expected to be commissioned in 2026. Investments will amount to 50 billion…
Since the start of the year Evraz NTMK has mastered the manufacture of several new types of shaped rolled metal. In particular, the beam shop has produced the first batch of new NE200 beam according to EN 10365-2017, and the rail and beam shop – equal angle No. 20 according to GOST 8509-93. The NE…
In January-April the consolidated throughput of Nakhodka Sea Trade Port terminals totaled 46.636 million tons, up by 0.3% YoY. Ferrous metals and pig iron accounted for 4.571 million tons, up by 3.4%. Non-ferrous metals throughput dropped by 21.2%, to 0.292 million tons. Iron ore indexes grew by 33.5%, to 0.969 million tons. (Ukrainian metal)
Precious metals producer Polymetal International hopes to obtain licenses for survey at three gold-containing fields on Russia’s northernmost Taimyr Peninsula, CEO Vitaly Nesis reported. In April, Polymetal set up a debut strategic partnership with a junior company to organize exploration on the peninsula, with a shareholding of 70%. “We have a joint venture with a…
A consortium led by Fosun International Ltd. is in talks to acquire a majority stake in GV Gold, a Russian gold miner backed by BlackRock Inc., Bloomberg reported, citing people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co. for a joint offer, the people said, asking not…
ArcelorMittal Kriviy Rih has received the third locomotive this year modernized by Nikolayev Locomotive-Repair Plant. 4 more machines are expected in August-October. And three will be sent for repairs in late June. Thus, in 2019, 11 locomotives will be repaired this year, up almost 2-fold YoY. “But for the fleet of 126 machines, which service…
Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop. The previous record figure was 172,000 tons of long product shipments, which was reached at…