A new increase in prices for raw materials and rolled metal on world markets will be a basis for Russian companies to increase sale prices for local market in October. MMK has already informed its customers on the price rise in October: by 10% for hot-rolled metal, including coils, by 5% for cold-rolled coils, by…
In January-August Chukotka Autonomous District mined 317.4 thousand tons of coal, up by 68% YoY. At present 2 companies develop coal sites – Shakhta Ugolnaya and Beringpromugol LLC. In 8 months Shakhta Ugolnaya shipped 153.5 thousand tons of coal, down by 19% YoY, while Beringpromugol mined 163.9 thousand tons at the Fandyushkinskoye deposits. This year…
The Northern Navy has finished packing metal scrap procured from the Kotelny Isle during the summer season. 83 twenty-feet containers have been packed, with the total weight of some 1 thousand tons. The cleaning of the isle began in 2015. Since then the navy has taken over 2 thousand tons of scrap from there. (Ukrainian…
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…
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…
Chelyabinsk Iron and Steel Works has won a tender to supply rails of the construction of the second belt of Moscow Subway. The cost of the contract is some 1.5 billion rubles. ChMK will produce rails for the southwestern site of the Moscow belt railroad. In particular, the company will supply around 35 thousand tons…
Zlatoustovsky Electrometallurgical Works will assemble new furnaces at the rolling shop No. 3 export site. Several heating furnaces produces by Bosio arrived at ZEMZ on August 18. The first 5 furnaces will be assembled and integrated in the manufacturing process in January 2018. This will decrease gas usage and expenses on transporting metal from one…
In 2017 Russian coal exports to the Asia-Pacific Region countries will exceed $5 billion. The share of coking coals will reach 25% against 18% in 2014. Coal transportation through Far Eastern ports in 2016 totaled 60%, up from 46% in 2009. 88% of Russian coalmining companies expect an increase in world coal prices in 2017.…