Ukraine: large gold deposit discovered

A new large deposit of gold ore has been discovered in the Rakhov district of Zakarpatye region. According to estimates, the reserves are 2.4 tons of gold. The only operating gold deposit in Ukraine is the Muzhievskoye. It has 55 tons of gold, and 1 million tons of zinc and lead, valued at around $3.8…

Tajikistan: aluminum output down in 2017

In 2017 Tajikistan exported 103 thousand tons of aluminum valued at $203 million. According to the Customs service, the average world price last year was $1970 per ton. In 2016 Tajikistan exported 132 thousand tons of aluminum at $1590 per ton, for the total value of $210 million, In January-October 2017 TALCO decreased output by…

Russia: VTZ to increase exports

Volzhsky Pipe Works hosted a meeting with the representatives of the local authorities. The deputy governor, chairman of the industry and trade committee of the Volgograd region Roman Bekov noted the positive experience of pipe makers who occupied leading positions in exports not only in the region, but in the country as well. The works…

Ukraine: scrap provision down in 2017

In December 2017 scrap procuring companies procured 357 thousand tons of scrap, up by 12% MoM, of which 305 thousand tons were supplied to the metal companies, up by 13%, and 52 thousand tons exported, up by 8%. The scrap provision rate was 104%. In 2017 out of 3.79 million tons of scrap procured, up…

Ukraine: Fitch upgrades Ferrexpo to “B”

Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…

Russia: Polyus sets dividend minimum

Polyus, the largest gold-extracting company in Russia, has changed its dividend policy. The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million. Thus, the amount of dividends for the corresponding period will total 30%…

Russia: high-strength Ural Steel rolled steel meets Russian Maritime Register of Shipping certification requirements

Ural Steel (a part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its…

Ukraine: gas consumption by metal companies up in 2017

In December 2017 Ukrainian metal works consumed 190 million cubic meters of natural gas, up by 15% MoM.

In 12 moths gas consumption grew by 3%, to 1.8 billion cubic meters.

Electricity consumption dropped by 11%, to 11.5 billion kW-h. (Ukrainian metal)

Russia: Electrozinc starts modernizing cooling stack

Electrozinc has started modernizing the cooling stack of the steam-power shop.

The modernization is supposed to improve efficiency of maintenance and decrease energy expenses.

It is expected that the cooling stack will resume operation in May.

Investments total around 50 million rubles. (Ukrainian metal)

Russia: CherMK commissions first industrial 3D-printer

Severstal has commissioned the first industrial 3D-printer at Cherepovets Iron and Steel Works.

Investments totaled 4.3 million rubles.

With the help of the printer the machine-building shop will produce molds for cast parts. The printer is expected to produce around one third of all molds. It takes 16 hours to print one mold. (Ukrainian metal)

Russia: Evraz steel output up in 2017

In 2017 Evraz increased steel output by 3.8% YoY, to 14.033 million tons. According to the company statement, in Q4 2017 steel manufacture grew by 1.4% QoQ, to 3.546 million tons. Semi-finished products output increased by 6.5% YoY, to 5.519 million tons, while that of construction rolled metal dropped by 7.9%, to 3.139 million tons.…