Russia: Norilsk Nickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…

Russia: NLMK Board approves CEO candidate

At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…

Russia: gold output up in 2017

Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…

Ukraine: DTEK coal output down in 2017

In 2017 DTEK decreased coal output by 11.3%, to 27.706 million tons. According to the company statement, the decrease has to do with the loss of control over mines on the non-controlled territory in March 2017. This resulted in anthracite output drop by 52.5%, to 4.791 million tons. At the same time gas-generating coal production…

Russia: metal exports down in 2017

According to the customs statistics, in 2017 Russia decreased ferrous metals exports by 2.2% YoY, to 42.4 million tons, valued at $18.76 billion, up by 33%. The share of metal exports to far foreign countries grew to 10.2% from 9.8%. Export volumes dropped by 2%, but increased by 28.8% money-wise. Aluminum exports decreased by 4.3%,…

Armenia: investments in metal deposits at $235 million in 2017

In 2017 companies developing metallic deposits invested $235 million in the operation.

In the next 3 years some 3 billion drams more will be invested in the field.

Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)

Russia: MMK-Metiz to increase minimal salary

MMK-Metiz is going to increase the size of the minimal salary.

As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.

The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)

Ukraine: ZZF oil transformer catches fire

An oil transformer with cables caught fire on the territory of the Zaporozhye Ferro Alloys Plant.

Some 28 firefighters and 7 units of special machinery were engaged in extinguishing the fire.

The fire appeared on the area of 25 square meters.

The reason of the fire is unknown as yet. (Ukrainian metal)

Russia: Kuzbassrazrezugol coal output to grow

In 2018 Kuzbassrazrezugol intends to increase coal mining by 2.81% YoY, to 47.6 million tons. The company also plans to increase its exports share to 80%. Investments will remain on the level of 15 billion rubles. Last year Kuzbassrazrezugol increased coal output by 4.5% YoY, to 46.3 million tons, including 6.2 million tons of coking…