Ukraine: Mariupol works decrease buffer zone

In 2018 the Atmosphera mobile environment laboratory will be working on weekends and holidays and will increase its route. According to the city council people’s deputy and the chairman of the social protection, health protection and ecology commission Maxim Borodin, Mariupol Ilyich Iron and Steel Works and Azovstal have considerably decreased their buffer zones, thus…

Russia: MMK opens research center at Skolkovo

PJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…

Russia: Polymetal CEO prefers silver

Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…

Russia: steel output up in Q3 2017

In July-September major steel companies of Russia – Severstal, NLMK, and MMK – increased output. In particular, NLMK produced 12.6 million tons of steel in 9 months, up by 3% YoY, MMK – 9.6 million tons, up by 1.9%, while Severstal dropped steel output by 1%, to 8.6 million tons. The reason of the increase…

Russia: Evraz steel output up in Q3 2017

In Q3 Evraz produced 3.506 million tons of steel, up by 5.9% QoQ. “The consolidated steel output grew, first of all, because of the completion of the scheduled repairs of the oxygen-converter shop at Evraz DMZ (Ukraine)”, the group noted. Semi-finished products output reached 3.121 million tons, up by 4.4% QoQ. In Q4 Evraz expects…

Russia: MMK to pay dividends quarterly

The Board of Directors of PJSC Magnitogorsk Iron and Steel Works on October 16 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM. Dividends on issued shares of PJSC MMK will be paid based on the results of the first nine months…

Kazakhstan: 62.69 tons of gold produced in January-September 2017

In January-September Kazakhstan produced 62,697 kg of unwrought gold, up by 16.3% YoY.

According to the Statistics Committee of the Ministry of National Economy, production of unwrought silver in the reporting period amounted to 792,535 kg, down by 12.5% from January-September of 2016. (Kazinform/Ukrainian metal)

Kazakhstan to limit coal export

Kazakhstan offered to limit the export of coal for the period of preparation for the heating season. This proposal was received from the Ministry of Economy of the Republic of Kazakhstan. Electric Stations JSC informed that there are no problems with the supply of Kazakh coal to the Bishkek Heating and Power Station: 261,119 tons…