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Author Archives: admin

Ukraine: AMKR increases its wagon fleet

ArcelorMittal Kriviy Rih ore mining and metallurgical worksBy admin11.04.2018Leave a comment

PJSC ArcelorMittal Kriviy Rih concluded the contract through financial leasing for the supply of 211 open wagons. The contract for 239 wagons more will be the next step. Earlier this year the company has received 50 new wagons. Hence, this year the company is to purchase and operate 500 wagons to transport its products and…

Russia: RUSAL’s board member Lader resigns on sanctions

RusalBy admin11.04.2018Leave a comment

Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10. Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)

Russia: FTSE Russell to remove RUSAL securities from indices

RusalBy admin11.04.2018Leave a comment

Index provider FTSE Russell will remove stocks of the Russian aluminum giant UC RUSAL and En+ Group from its indices from April 13 due to the companies being blacklisted by the U.S., it said in a statement on April 11. The London Metal Exchange (LME) said it would suspend trading in RUSAL’s metals from April…

Russia: Kraszvetmet profit up in 2017

KraszvetmetBy admin11.04.2018Leave a comment

In 2017 Kraszvetmet received some 500 million rubles of net profit, up by 12% YoY. Revenue grew by 10%, to 21 billion rubles. Export revenue totaled by 40%, as the products were shipped to over 20 countries. Last year the company produced 3.3 tons of catalyst systems for nitrogen industry (+19%) and 2.7 tons of…

Kazakhstan: metal prices up in Q1 2018

Metal marketBy admin11.04.2018Leave a comment

In January-February metal prices of industrial products increased by 2.5% YoY. In particular, in processing industry prices increased by 3.1%, and in mining – by 2% Coal prices grew by 6.2%, ore – by 3%, ferroalloys – by 16.2%, zinc – by 4.3%, ferrous rolled metal – by 4.1%, and lead – by 1%. At…

Russia: RUSAL plant in Khakasia power loading dives by 410 MW

Sayanogorsk Aluminum WorksBy admin11.04.2018Leave a comment

The Sayanogorsk Aluminum Smelter of the Russian aluminum giant UC RUSAL has slashed its power loading by 410 megawatts (MW) to 600 MW without warning, and is carrying out emergency maintenance works, the Energy Ministry’s emergency research center said in a statement on April 10. The Sayanogorsk Aluminum Smelter is RUSAL’s third largest producer of…

Russia: Amur Zoloto produces 175 kg of gold in Q1 2018

Amur ZolotoBy admin11.04.2018Leave a comment

In Q1 Amur Zoloto LLC produced 174.7 kg of gold. In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposits processed 25.3 thousand tons of ore. The output totaled 173.4 kg of gold and 109.9 kg of silver. In May the company will start working at the alluvial sites. (Ukrainian metal)

Russia: Buryatzoloto gold reserves to grow in 2018

goldBy admin11.04.2018Leave a comment

Buryatzoloto, the largest gold-extracting company in the Republic of Buryatia, intends to increase gold reserves at its Irokinda and Kholbinsky mines in 2018 by 4.2 tons. As of early 2018 the company balanced reserves amount to 18.7 tons. To increase the reserves, this year the company will have to drill 112 km of shafts, investing…

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