Russia: Polyus gold reserves down in 2018

The gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said.

Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)

Ukraine: coal imports down on Q1 2019

In January-March Ukraine imported 5.25 million tons of coal, down by 8.6% YoY. According to the State Fiscal Service, the value of the imported coal was $740.09 million, down by 2.7% YoY. In particular Russia supplied $476/95 million worth of coal (or 64.45%), USA – $212.57 million (28.72%), Kazakhstan – $31.07 million (4.2%) and other…

Russia: Rostechnadzor closes ZSMK

On March 27-29 the Siberian department of the Federal Service on Ecological, Technological and Nuclear Surveillance (Rostechnadzor) carried out an unscheduled inspection of the Zapadno-Sibirksy Iron and Steel Works. The reason for the inspection was a fatal accident at the plant on March 16. As a result of the inspection 19 violations of the industrial…

Russia: Fitch Ratings upgrades MMK to BBB

On April 8, the rating agency Fitch Ratings upgraded company’s Long-Term Issuer Default Rating to BBB from BBB- with Stable Outlook. In its press release Fitch Ratings notes that the rating upgrade reflects MMK’s ability to maintain a conservative financial profile during market turbulence due to the company’s low cost of operations, focus on high-value…

Russia: Fitch raises Severstal rating to BBB, outlook stable

International rating agency Fitch Ratings has upgraded the long-term issuer default rating of the Russian steelmaker Severstal to BBB from BBB-, with a stable outlook. “The rating upgrade reflects Severstal’s tested conservative financial policy during the supply-driven steel price turbulence in 2016-2017 and increasing protectionism since 2018. Its strong financial profile has been driven by…

Russia: Belogorsk to start producing 4 thousand tons of metal structures from 2020

KMK-Partners has become a resident of the Belogorsk advanced development territory in Amur region. This is the seventh resident registered in the territory. Next year the company will start producing construction metal structures. It intends to produce some 4 thousand tons of metal structures per year. The company will also repair construction machines. Investments in…

Russia: Evraz NTMK laboratory turns 60

The Central electrotechical laboratory of Evraz NTMK has turned 60. The order to create the laboratory was signed by the first director of the works in 1959. Now the laboratory performs some 18 thousand control and repair operations of 415 machines, 889 power transformers, and 20 thousand electric appliances. This year the laboratory, employing 74…

Russia: UEM assembles new cooling tower

A new Rosinka – 50/60 cooling tower has been assembled in the power shop of the Polymetal Manufacture, a subsidiary of Uralelectromed, replacing an outdated machine.

The old machine has been operating for 60 years.

The new cooling tower has been assembled and tested. (Ukrainian metal)

Russia: ChMK produces rebars for university dormitory

Chelyabinsk Iron and Steel Works has produced rebars for the construction of the South-Urals State University dormitory.

The new dormitory for 1.5 thousand students will be constructed in 2020.

The building will consist of 2 sections of 11 and 18 storeys, with one-, two- and three-room blocks. (Ukrainian metal)