Russia: Petropavlovsk obtains 13.6 tons of gold in 2017

In 2017 Petropavlovsk Plc produced 13.62 tons of ore gold in Amur region, or 53% of the total output.

The output increased by 9.7% YoY, or by 1.2 tons. The increase was provided by 3 out of 4 company mines: Pioner, Albyn and Malomyr. Pokrovsky mine decreased output. (Ukrainian metal)

Russia: Gorniy site starts yielding gold

Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…

Russia: MMK modernizing bar rolling mill

Magnitogorsk Iron and Steel Works has concluded an investment contract with Danieli & Officine Meccaniche S.p.A. on the modernization of the 170 two-thread mill in the bar shop. The price of the contract is 5.5 million euros. The project is expected to be concluded in 2019. The project presupposes the modernization of the cooling rolling…

Russia: ChMK delivers rails to Roskosmos

Chelyabinsk Iron and Steel Works has produced rails for the reconstruction of railroads near the Baikonur and Plesetsk cosmodromes.

The products have been shipped to one of the Roskosmos enterprises.

So far around 1 thousand tons of R65 rails have been supplied. The deliveries will continue this year. (Ukrainian metal)

Russia: Uranium One to stop selling uranium

Rosatom has decided to unite on the basis of its trading house the Tekhsnabexport company (Tenex, which exports processed uranium to NPPs) and its foreign trading in natural uranium, previously conducted by Uranium One. The decision was taken in late 2017. At the same time last summer U1 intended to actively develop its own trading,…

Russia: KMZ to supply pig iron to Minsk Tractor Works

KMZ has won a tender to supply pig iron to Minsk Tractor Works (Belarus), one of the world’s leading manufacturers of tractors.

In Q1 the company will ship 9 thousand tons of pig iron castings to the Belarus works.

The companies have been cooperating for a number of years. (Ukrainian metal)

Ukraine: DTEK coal deliveries to TPPs up in December 2017

In December 2017 DTEK Energo increased coal deliveries to its thermal power plants by 4.5% MoM, to 1.9 million tons.

According to the company statement, last month DTEK supplied 1.5 million tons of gas coal, on the level of November 2017.

Anthracite imports increased by 21.8%, to 395 thousand tons. (Ukrainian metal)

Russia: Severstal launches major new production line at Cherepovets Steel Mill

PAO Severstal, one of the world’s leading vertically integrated steelmaking and mining companies, has launched a production line for polymer-coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (MCW No. 3). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg…

Ukraine: Metinvest pays interest on eurobonds

Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021.

According to the company statement, $3.69 million were spent on paying loans on pre-export financing.

After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)