Ukraine: UGOK output up in September 2017

In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…

Russia: MMK to pay dividends for H1 2017

On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…

Russia: MMK certifies rebars according to Belarus standards

MMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…

Russia: Polyus to increase gold output in 2018

In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…

Kazakhstan: AMTPA gets new CEO

Magamed Ibragimov has been appointed CEO and CFO of ArcelorMittal Tubular Products Aktau.

He has previously held the position of the acting CFO at ArcelorMittal Temirtau.

The previous AMTPA CEO Zhenis Utegenov has been appointed development director at the company. His tasks now are to increase output and develop new markets. (Ukrainian metal)

Russia: Russky Ugol power coal output up in January-September 2017

In January-September the miners of Stepnoy pit, a part of Russky Ugol, yielded over 3.1 million tons of power-generating coal.

Since the pit has been put into operation, it has mined 57 million tons of coal.

The Stepnoy factory has already processed 2.6 million tons of coal this year. (Ukrainian metal)

Kazakhstan: Aktogay Factory reaches projected capacity

Aktogay Processing Factory, a part of KAZ Minerals, has reached the level of the projected sulfide ore processing capacity.

Because of the higher than expected copper content in the ore, the factory will produce 70-85 thousand tons of copper in 2017.

Now the group awaits good results from Bozshakol as well. (Ukrainian metal)

Ukraine: Pervomayskugol orders lifting and transportation machinery

The state enterprise Pervomayskugol has ordered Ertlite LLC the delivery of lifting and transportation machinery valued at 14.48 million UAH.

The company ordered 2300 meters of belt at 3772 UAH per meter and two hoppers at 2.9 million UAH apiece. (Ukrainian metal)