Severstal has produced 300 tons of galvanized rolled metal with polyurethane coating under the brand of Steel Cashmere, which will be used in the construction of the Cuban infrastructure. In particular, the light-grey metal will be used in the construction of a locomotive depot of the Ministry of Transport. “High exploitation features of the Steel…
In July-September Petropavlovsk Plc, extracting gold at four mines in Amur region, obtained 102 thousand ounces, on par with the corresponding period of 2017. Pioner provided 30.2 thousand ounces of gold, Pokrovsky – 0.7 thousand ounces, Malomyr – 32.6 thousand ounces and Albyn – 38.5 thousand ounces. In January-September gold output dropped by 10% YoY,…
In January-September KAZ Minerals produced 216.8 thousand tons of copper, up by 12% YoY. In Q3 copper output grew by 7%, to 77.2 thousand tons, mostly thanks to the increase in the volume of ore processing. In 9 months zinc concentrate manufacture dropped to 38.3 thousand tons from 45.8 thousand tons. Gold output totaled 135…
Noginsk Pipe-Sections Works has started manufacturing round electric welded pipes. So far the company can produce pipes with the diameter of 57 mm and 20 mm. By the end of the year the company intends to have mastered the manufacture of pipes with the diameter of 15, 25, 32, 40 and 50 mm. (Ukrainian metal)
The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
The net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30. In Q3 the company also paid interest on the loans in the amount of $99 million. Royalty payments totaled $49 million. The gross debt of the group is $3.502 billion. (Ukrainian metal)
As of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the company’s board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were…
In August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…