Russia: VTB buys 10.7 tons of gold in Yakutia

In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia).

Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY.

VTB is a leader in Russian gold purchases. (Ukrainian metal)

Russia: gold output in Zabaykalye region up in Q1 2018

In Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY.

Tungsten concentrate output totaled 215.54 tons.

Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively.

Coal mining totaled 5655 tons. (Ukrainian metal)

Russia: KMEZ introduces new copper wire rod packing scheme

Kyshtym Electrolytic Copper Plant is improving the quality of packaging.

The new scheme of copper wire rod packaging prevents damage in transit.

The novelty has to do with the increase of the coil compression, which makes it more compact. Such coils are less subject to vibration in transit, and thus, to damages. (Ukrainian metal)

Russia: Nornickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…

Russia: PMH revenue up on 2017

In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…

Ukraine: AMKR concludes long-term contract with Lemtrans

Lemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…

Russia: VSMPO-Avisma concerned about place on the market due to a ban on titanium supplies to the US

Russia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…

Russia: Rio Tinto to declare force major on several deals with RUSAL

Rio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement.

On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)