Russian Copper Company intends to buy the rights to develop the Malmyzhskoye copper-porphyry deposits in Khabarovsk region. IG Copper LLC will be the seller. The company owns 51% in the project. The estimated price of the deal is $200 million. The deal is to be finalized in Q3. The license for the Malmyzhskoye project is…
The decrease of cargo trains throughput in the direction of Mariupol has affected the Mariupol Ilyich Iron and Steel Works output. In particular, the company pig iron manufacture in June is decreased by 25 thousand tons. Raw materials stocks are enough for 1-2 days, while the losses of non-received currency revenue and non-fulfillment of obligations…
The prices of main precious metals varied in Azerbaijan on June 21, according to the data published by the Central Bank. The cost of gold decreased by 14.374 manats, to 2,151.758 manats per ounce compared to the price on June 20. The cost of silver decreased by 0.144 manats, to 27.6156 manats per ounce. The…
Avdiivka Coke and Chemical Works is on the verge of the being shut down because of the sulfuric acid shortage. “In 7 days we will completely run out of the sulfuric acid, the raw materials, without which our operation is impossible”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the…
Energomashspetsstal has started producing rolls for Primetals Technologies (Austria) under the contract signed in April. The company has ordered 4 supporting rolls with the combined weight of 105 tons. The rolls will be delivered to the customer in Q1 2019. Within the project to construct a new plat mill 1700 at ArcelorMittal Lazaro Cardenas in…
The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…
In May the steel sections shop of Severstal-Metiz set a record of bulk output (2.923 thousand tons) and sales (over 3 thousand tons).
“Severstal-Metiz is actively developing various product routes and expanding sales markets. The quality of our products is constantly improving”, the company CEO Sergey Kovryakov noted. (Ukrainian metal)
In 2017 the total volume of funds that Zaporizhstal spent on its social obligations reached 400 million UAH. According to the company statement, last year it fulfilled all the 122 measures provided for by the social contract. Last year the average salary at the works grew by 25%, and is now one of the highest…
The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…
The prices of precious metals decreased in Azerbaijan on June 20, according to the data published by the Central Bank. The cost of gold decreased by 42.9505 manats, to 2,166.1315 manats per ounce compared with the price on June 14. The cost of silver decreased by 1.148 manats, to 27.7593 manats per ounce. The cost…
Tungsten trioxide reserves of Kazakhstan are estimated at over 2 million tons. The development of the industry began in 1970s. But the project was suspended in 1993 due to numerous economical and political reasons. So far 12 deposits have been prospected in the country. The largest of them are Verkhneye Kayraktinskoye and Severniy Katpar in…
In January-May Kazakhstan produced 36621 kg of raw and semi-raw gold (powder), up by 7.2% YoY.
According to the Statistics Committee of the Ministry of national economy, silver output, on the other hand, dropped by 7.7%, to 410532 kg. (Ukrainian metal)
In May the diggers’ team Amur obtained 14.3 kg of platinum. Last month the enterprise washed 31 thousand cubic meters of sand. Rusty platinum output totaled 16 kg. This year the enterprise operates at the Uorgalan alluvial site. Last year Amur operated at the Konder site, having obtained 1274 kg of platinum, down by 17%…
Tokyo Rope Manufacturing has opened a new works in the city of Almaty. The enterprise boasts unique machinery to produce metal ropes, galvanized steel mesh, etc. The capacity of the works is over 17 thousand tons of steel products per year. The first stage of the works was commissioned in 2016, and the enterprise started…
The sales of the Armavir Electrometallurgical Works LLC did not take place. The auction saw the land plot of 85 ha, the site for the steel manufacture and other assets. The price slowly dropped from 248.4 million rubles to 124.2 million rubles, but no bids were made. The construction of the work was begun in…
The acting governor of Primorye region has signed the agreement on the development of tungsten ore deposits and the creation of the new enterprise – Malinovsky Mining and Processing Works. The agreement has also been signed by the Primorsky GOK CEO Vladimir Shagoyko and the director of its subsidiary the ore company AIR Vladimir Shepeta.…
In May NLMK-Kaluga shipped 102 thousand tons of rolled metal via railroad, up by 19% MoM, but down by 8.2% YoY.
In January-May railroad sales totaled 463.3 thousand tons, up by 13.8% YoY.
Deliveries to domestic customers reached 175.8 thousand tons, up by 17.1%, while exports – 287.4 thousand tons, up by 11.8%. (Ukrainian metal)
SMC-Kolpino, a part of Severstal Russian Steel, has started shipping steel billets to Tikhvin Wagon-Building Works. The total weight of the order is 230 tons. The delivery is scheduled to be finished in August. The billets are made by way of plasma cutting of plates produced by Cherepovets Iron and Steel Works. The thickness of…
Metalloinvest is modernizing the arc-furnace shop at Ural Steel. A contract has been concluded with Tenova (Italy) for the delivery of 2 arc-furnaces. They will be switched to the technique of FMF (flexible modular furnace), which zeroes the consumption of electrodes and electricity. The commissioning of the furnace No. 2 is scheduled for Q1 2019,…
Russia’s output of unrefined and semi-refined or powder platinum increased by 1.6% YoY and by 3% MoM in May, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output increased by 11.9% and by 12.8% respectively. In January-May output of platinum grew by 4.4% YoY and of silver by 16.9%.…
In May Chelyabinsk Pipe Rolling Plant decreased railroad sales by 1.9% YoY and by 10% MoM, to 101.5 thousand tons. In January-May sales grew by 23.2%, to 560.8 thousand tons, with deliveries to domestic customers up by 53.2%, to 450.6 thousand tons, while exports dropped by 31.6%, to 110.2 thousand tons. In April ChTPZ increased…
In May Chelyabinsk Iron and Steel Works decreased railroad deliveries of rolled metal by 1.6% YoY and by 2.4% MoM, to 264.3 thousand tons. In January-May deliveries dropped by 1%, to 1.38 million tons, including to domestic market – by 3.6%, to 1.19 million tons, while exports grew by 19.8%, to 190 thousand tons. In…
Prime Minister Vladimir Groysman intends to initiate inspection of state coalmines. According to him, state mines are now subsidized from the budget because of the difference in price of coal mining and its sales. This year the budget envisions 900 million UAH for state mines, but these funds have already been spent. “We understand that…
Dneprovsky Iron and Steel Combine decided to construct a new blast furnace. “We’re starting designing a new blast furnace. Our blast furnaces are very old. Thus, to replace the furnace No. 8, which has already been shut down, we will design and construct a new furnace”. The company CEO Alexander Podkorytov said. He did not…