Ukraine: metal output to increase in October 2017

Ukrmetallurgprom forecasts that in October Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.7 million tons of rolled metal. In August steel output totaled 1.925 million tons, pig iron – 1.817 million tons, and rolled metal – 1.609 million tons. In January-August Ukraine decreased steel manufacture by 16%…

Ukraine: Lvivugol miners paid 32% of August 2017 salary

The press-service of the Lviv regional state administration reported, that on September 12 the state enterprise Lvivugol received 30 million UAH for selling coal.

Thanks to this miners were paid 32% of their August salary. (Ukrainian metal)

Ukraine: UAVtormet CEO replaced

Yuri Derkach has been appointed the acting CEO of the Ukrainian Association of Secondary Metals. Previously he worked in the Ministries of industrial policy and economical development and trade until his retirement. The previous UAVtormet CEO Nikolai Tarapurov retired. The final decision on the CEO appointment will be taken at the association meeting in November.…

Russia: Russian Platinum results for January-August 2017

The Amur artel obtained 942 kg of platinum, including 276 kg in August.

The Amur Zoloto ore deposits yielded 727.2 kg of gold and 481 kg of silver.

The Buor and Ulakhan alluvial gold sites produced 295 kg of gold.

The total gold output in January-August reached 1028.6 kg. (Ukrainian metal)

Russia: ferrous metals throughput in seaports down in January-August 2017

In January-August the throughput of Russian seaports increased by 10.4% YoY, to 517.3 million tons.

According to the Association of sea trade ports, coal throughput totaled 102.7 million tons, up by 15%, while that of ferrous metals – 18.7 million tons, down by 1.5%. (Ukrainian metal)

Azerbaijan: Azeraluminium manufacture to improve

Azerbaijan’s State Property Issues Committee and the Ministry of Economy prepared proposals for the improvement of Azeraluminium JSC. This was stated in a report on evaluation of the results of implementing the Strategic Road Map for the development of heavy industry and machinery in Azerbaijan. The prepared proposals also include the possibility of granting deferral…

Russia: Susumanzoloto obtains 3.9 tons of gold

As of September 10, the Susumanzoloto enterprises obtained 3966.8 kg of gold on the territory of Magadan region. In particular, Electrum plus yielded 357.8 kg of gold. Drazhnik LLC obtained 1278 kg of alluvial gold, Karyer Chelbanya LLC – 292.2 kg, Chay-Urya Gold LLC – 643.8 kg, Astra LLC – 346.3 kg, Gerba LLC –107.1…

Russia: Petropavlovsk net profits up in H1 2017

In January-June Petropavlovsk received 1.4 billion rubles ($24.5 million) of net profits, up 2.7-fold. Revenue increased by 19.7%, to 17.38 billion rubles ($304 million). EBITDA grew by 30% YoY, to 6.52 billion rubles ($114 million), despite the strengthening of the ruble, which increases Russian gold miners’ expenses when converting to dollars. Gold output in H1…