In December 2019 prices of exported metal products decreased by 1.6% YoY, while of imported grew by 6.5%. According to the Statistics Committee, export prices of ferroalloys dropped by 30.1%, chrome ore – by 27.2%, zinc ore – by 15.5%, zinc – by 5.6%, manganese ore – by 3.4% and copper – 2.4%. At the…
Razrez Tugnuisky in the Republic of Buryatia has commissioned BELAZ-75131 quarry dump trucks and a BELAZ-74131 towing vehicle. The machines were delivered in late 2019. The 130-ton BELAZs have replaced older models. The company fleet contains mostly machines with high lifting capacity – 130-ton BELAZ-75131 and 220-ton BELAZ 75306. (Ukrainian metal)
In 2019 Yakovlevsky Mining and Processing Works increased ore output by 21% YoY, to 1.5 million tons. Under the investment campaign amounting to 5.4 billion rubles, the enterprise has bought over 100 unites of machines, including 4 self-propelled drilling machines, 9 heading machines, 6 loading and transporting machines, 2 locomotives, etc. Moreover, the company has…
The Aluminum Association reported that the demand for aluminum packing materials on the domestic market grew by 20% YoY in 2019. Food containers, household foil and capsules for sparkling wine have demonstrated the largest growth – by 29%, 21% and 8% respectively. Following the growing demand Rusal has increased its portfolio of cans and caps…
Petropavlovsk Plc, which operates gold deposits in Russia, has analyzed a potential secondary public offering (SPO) on the Moscow Exchange. “Petropavlovsk notes recent press speculation regarding a dual listing on the Moscow Stock Exchange and can confirm that it has undertaken analysis of potential for a secondary listing in Moscow. In this respect, the company…
Russia’s production of unrefined, semi-refined or powdered gold rose by 8.1% YoY, but fell by 27.1% MoM in January, the Federal State Statistics Service said in a report. In 2019, gold production grew by 17% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
In 2019 the Metinvest Group paid 21.1 billion UAH of tax to budgets of all levels, down by 5% YoY. In particular, the profit tax totaled 7.7 billion UAH, down by a third. Moreover, the group has also paid 1.9 billion UAH for subsoil use (+28%), 4.2 billion UAH of social single payment (+36%) and…
ArcelorMittal Kriviy Rih has started conducting hot tests of its new twin ladle furnace and continuous casting machine No. 2 At the same time the company is brining its CCM No. 3 to design capacity. The construction of two new twin ladle furnaces and CCMs Nos. 2 and 3 with the combined design capacity of…