Ukraine: Mariupol Ilyich shares to be sold super-cheap

Mariupol Ilyich Iron and Steel Works has announced the price of the share sales under the squeeze-out procedure.

According to the company, the price of each share with the value of 0.25 UAH was set at 0.08 UAH.

The share price was set by the company supervisory board. (Ukrainian metal)

Russia: Polyus ore reserves down in 2017

As of December 31, 2017 Polyus gold JORC reserves were estimated at 68 million ounces, down from 71 million ounces as of December 31, 2016. Average gold content is 1.8 g per ton, including alluvial sites and ores with low contents. Polyus retains the second position among the largest gold producers in the world as…

Russia: Polyus to increase gold output

Polyus has confirmed its gold output forecast for 2018 on the level of 2.375-2.425 million ounces and 2.8 million ounces in 2019. In 2020 it is expected to produce also 2.8 million ounces. Expenses are projected to reach $425 and $450 per ounce in 2018 and 2019-2020. This year capital expenses will amount to $850…

Kazakhstan: AMK output up in 2017

In 2017 Aktyubinsk Copper Company produced 58 thousand tons of copper concentrate and 52 thousand tons of zinc concentrate, having exceeded the target by 2% and by 17% respectively.

Revenue target was overfulfilled by 17%.

Payments to the budget increased 4-fold YoY. (Ukrainian metal)

Ukraine: Ferrexpo net profit up in 2017

In 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million.

Revenue grew by 21.4%, to $1197.494 million.

EBITDA increased by 46.9%, to $551 million.

Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)

Russia: gold output up in January-February 2018

In January-February Russia increased the manufacture of raw and semi-raw gold by 2% YoY.

According to the Federal Service of State Statistics, in February output grew by 9.5% YoY and by 40.4% MoM. (Ukrainian metal)

Russia: ChTPZ scrap sales down in 2017

In 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…

Russia: Severstal to increase sales to KAMAZ

In 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…

Kazakhstan: ambitious gold project to be launched

Full-scale operations in Kyzyl, a large gold mine in the East Kazakhstan region, will start in 2019. “Using state-of-the-art technologies, the Bakyrchik Ore Mining and Processing Enterprise is developing a gold deposit with a capacity of 2 million tons of ore per annum. The project will reach the ultimate capacity in 2019 “, Deputy Head…

Russia: metal structures output down in January-February 2018

In January-February Russia produced 636 thousand tons of steel structures, down by 14% YoY.

According to the Federal Service of State Statistics, in February output increased by 10.4% MoM.

Aluminum structures manufacture dropped by 12.8%, to 8 thousand tons. (Ukrainian metal)

Ukraine: local metal deliveries down in January-February 2018

In January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…

Ukraine: seized metal works in Kerch hiring again

The illegally nationalized Kerch Iron and Steel Works needs employees.

According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc.

The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)

Russia: Severstal pays $549 million of debt

Severstal has bought out all the remaining eurobonds with maturity in 2018. According to the group statement, it has paid $548.62 million for them. “Thus, our obligations to the bond holders have been completely fulfilled”, the company said. Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate…