Chelyabinsk Iron and Steel Works has commissioned its modernized mill-240. The mill will be able to produce new type of products – heat-strengthened rebars. Reinforced bars will correspond to the new GOST 34029-2016 standard. (Ukrainian metal)
Karabashmed has started preparing a construction site to erect a new site to produce copper anodes. The site will be situated in the metallurgical shop. The workers have started disassembling old metal structures. The new anode site will increase copper manufacture by a third, to 230 thousand tons per year, and create a new manufacture…
Last year, Seligdar prospecting works volumes reached 42.9 thousand meters. This year the company intends to increase the result to 45.5 thousand meters. In order to clarify borders and reserves of ore blocks, the company drilled 64.4 thousand meters of shafts in 2019, and this year plans to increase drilling 1.7-fold, to 109.2 thousand meters.…
In February, Russia exported 4.5 thousand tons of ferromanganese, down by 26% MoM and by 24% YoY. Price dropped by 10%, to $877 per ton. Deliveries to US dropped by 9%, to 2.9 thousand tons, and to Ukraine – by 43%, to 837 tons, but to Kazakhstan grew from 531 tons to 607 tons. In…
In February, Russia imported 16.4 thousand tons of ferrosilicomanganese, up by 20% MoM and by 8% YoY. Price dropped from $920 to $913 per ton. Deliveries from Georgia grew by 29%, to 9.9 thousand tons, and from Norway – 2-fold, to 1.6 thousand tons. At the same time purchases from Kazakhstan fell from 5.2 thousand…
The Norilsk Nickel board of directors has decided to hold the annual shareholders meeting as absentee ballot. The meeting will take place on May 13. The board recommends paying 557.2 rubles per ordinary share as final dividends for 2019 (around $7.3). Thus, it is proposed to spend 8.2 billion rubles ($1.2 billion) to pay dividends.…
In January-March, Mechel-Service sold around 350 thousand tons of metal products, up by 3% YoY. The increase in beams and steel ropes sales reached 65%, belts – 58%, rebars – 26% and wire – 21%. Stainless sheet sales demonstrated the highest increase – 147%. (Ukrainian metal)
Gold production at the Kumtor Mine in 2019 was 600,201 ounces or 18,668.35 kg, Centerra Gold Inc. reported. Gold sales in 2019 were 600,231 ounces or 18,669.28 kg with a revenue totaling $827.5 million. Contribution to the national budget in taxes and mandatory payments in 2019 was more than 14.8 billion soms. The Dore bars…