Kazakhstan: KAZ Minerals income up in 2016

In 2016 KAZ Minerals increased its income by 43% YoY, to $969 million. According to the company statement, it produced 140.3 thousand tons of copper cathodes, up by 73% YoY. Sales increased from 84 thousand tons of copper in 2015 to 141 thousand tons, which allowed covering the decrease in price: $4860 per ton, down…

Russia: BMK named reliable supplier by Irkutskcable

In 2016 Beloretsk Iron and Steel Works, a part of Mechel, received the highest supplier reliability category from Irkutskcable, one of the largest cable manufacturers in Russia. BMK supplies steel galvanized wire in various sizes to the company. Having assessed such criteria as product quality, quality management certification system, period of cooperation, supplier loyalty and…

CIS: steel output up in January 2017

In January metal companies from CIS-countries produced 8.935 million tons of steel, up by 11.4% YoY. Ukraine increased steel output by 8.5%, to 2.103 million tons, and occupies the 10th position in the world steel manufacturers list. Russia is on the 5th position with 6.183 million tons of steel, up by 11.6%. All the other…

Russia: copper exports down in 2016

In 2016 Russia exported 511.1 thousand tons of raw copper, down by 9.2% YoY. According to the Federal Customs Service, Copper deliveries to the far foreign countries decreased by 10.1% YoY, to 501.1 thousand tons, to CIS – went up by 69.5%, to 10 thousand tons. In monetary terms exports decreased by 22% YoY, to…

Uzbekistan to channel 690.5 million into coal industry

Uzbekugol held on February 20 a press conference titled ‘Levels of perspective specialty development’ to inform media on the work done under the Cabinet resolution ‘On additional measures for improvement of coal production supply to the population and budget organizations of the Republic’. Uzbekugol, a part of Uzbekenergo, has been mining and selling coal for…