Russia: Petropavlovsk slashes 2016 gold output forecast

U.K.-registered Petropavlovsk Plc, which operates in Russia, has decreased its forecast for production of gold in 2016 to 415,000-430,000 ounces from 460,000-500,000 ounces with an average production cost of about $700 per ounce, the company said in a statement. The new forecast followed re-estimation of the impact from suspension of production at the Andreyevskaya deposit…

Belarus: FEZ Gomel-Raton registers manufacturer of high-precision metal products

Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products.

KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ.

Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)

Russia: construction of BEMZ to begin in summer 2017

In summer 2017 construction of the Bratsk Electrometallurgical Works (Irkutsk region) will commence. At present the construction site for the mini-mill is being prepared. When the works is put into operation, it will create 600 jobs. In September the project was suspended because of the lack of investors. Investments are estimated at 7.3 billion rubles.…

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Belarus: state order of scrap procurement set

The Belarus government has set order volumes for scrap and ferrous and non-ferrous waste deliveries for state needs in 2017. Next year the country plans to procure 1.29 million tons of ferrous scrap and waste, as well as 19.2 thousand tons of non-ferrous scrap and waste. In particular, the Industry Ministry is supposed to procure…

Ukraine: metal output forecast for January 2017

In January 2017 Ukraine will produce 2 million tons of steel, according to Ukrmetallurgprom forecast. Pig iron output will also reach 2 million tons, while that of rolled metal – 1.8 million tons. In January-November Ukraine produced 22.2 million tons of steel, 21.6 million tons of pig iron and 19.6 million tons of rolled metal,…

Russia: Uralelectromed produces record high output of copper sulfate

In November the copper sulfate shop of Uralelectromed, a part of UMCC, produced 3.5 thousand tons of copper sulfate, up by 30% from the average monthly results.

The increase is believed to stem from the constant modernization of machinery. In 2015 the company worked out a program to increase productivity and output volumes. (Ukrainian metal)

Ukraine: Metinvest supplying galvanized rolled metal to Poland

Metinvest started supplying galvanized rolled metal to Poland.

“We used to supply these products to CIS and to the local market, but we have started to reorient on European customers”, Metinvest-SMC CEO Dmitry Lippa said.

Galvanized rolled metal is supplied to EU from Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)

Ukraine: Ukrzaliznytsia accuses AMKR of manipulations

Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…