Kazakhstan: gold output up in 2017
In 2017 Kazakhstan produced 85029 kg of gold, up by 13.8% YoY. According to the Ministry of the national economy, silver output dropped by 10.8%, to 1058605 kg. (Ukrainian metal)
Russia: Mechel borrows 1.44 billion rubles from ChMK
Mechel has concluded an agreement on borrowing 1.44 billion rubles from Chelyabinsk Iron and Steel Works. The agreement was signed on January 15 and is valid through October 1, 2022. The interest rate on the loan is not revealed. (Ukrainian metal)
Russia: Irkutsk region gold output up in 2017
In 2017 Irkutsk region obtained 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial gold. The total output increased by 1.3% YoY, with alluvial gold share down by 3.7%, and ore gold up by 6.2%. 26 enterprises were extracting gold in the region in 2017. 5 of them provided…
Ukraine: AMKR to supply rebars to the Netherlands
ArcelorMittal Kriviy Rih has obtained a Kiwa certificate, which confirms the high quality of the company rebars. Now they can be marked with the KOMO sign. Earlier AMKR has already received the right to sell its products in Germany (according to DIN), Belgium (NBN) and France (NF). Now with the Kiwa certificate the company has…
Ukraine: Dneprometiz to increase output in 2018
In 2017 Dneprometiz operation was stable, according to the company CEO Alexander Yakovlev. Last year the company produced and sold over 85 thousand tons of metal wares. EBITDA totaled $3 million. This year the company intends to increase output to 90 thousand tons. EBITDA is expected to grow to 90 million UAH. (Ukrainian metal)
Russia: StavStal to construct blast furnace
Last year the Nevinnomyssk-based StavStal unexpectedly became insolvent. “StavStal was created in 2011. It was working perfectly, but it did not return its debts to Sberbank. The bank demanded payment, but the company did not have enough funds. At first we attracted an Indian investor. They invested $5 million, but did not get anything in…
Russia: Tulachermet pig iron output hits records in 2017
In 2017 Tulachermet produced 2276 thousand tons of pig iron. This is the highest result in the entire history of the works operating with two blast furnaces. In December 2017 the company produced 211012 tons of pig iron, while on December 16, 2017 another record was set – 7540 tons of pig iron produced in…
Russia: MMK starts constructing sinter factory
Magnitogorsk Iron and Steel Works is finishing the preparatory works at the new sinter factory construction site: the builders are making foundation and assembling metal structures. In March they intend to start assembling the main machinery. Investments will total around 22 billion rubles. Construction started in December 2016. The first object of construction was the…
