The operation of the Yubileynaya iron ore mine, a part of Sukhaya Balka, has been suspended because of smoke. The rescuers received information that smoke appeared at the depth of 1500 meters in the mine. 11 miners were working at the site. They have been safely taken to the surface. The supposed reason of the…
The Interdepartmental Commission on International Trade on May 14 decided to open an antidumping investigation regarding the import of seamless hot-rolled steel pipes from China into Ukraine. As reported by the press service of the Ministry of Economic Development and Trade of Ukraine, the ministry received a complaint from the national manufacturer, which reported that…
In January-April, Zaporozhye Iron Ore Complex increased iron ore output by 6.2% YoY, to 1.505 million tons. The enterprise sold 1.688 million tons of ore, up by 8.7%. In April, ZZhRK mined 381.6 thousand tons of ore, up by 1% from the plan, with the iron content of 60.88%, and sold 464.4 thousand tons of…
Em-Kat LLC (Saransk) intends to invest 559.8 million rubles in the modernization of the wire rod manufacture. Of these funds 300 million rubles will be provided as a loan by the Fund of the Industry Development. Em-Kat plans to construct a new shop and assemble additional lines. This will help increase output to 15 thousand…
In January-March, Rusal received $2.17 billion of revenue as opposed to $2.74 billion in Q1 2018. The decrease is due to the drop of aluminum prices by 13.9%, to $1859 per ton. EBITDA fell by 60.5%, to $226 million. Net profit decreased by 49.8%, to $273 million. (Ukrainian metal)
In January-March, Russia exported 909.2 thousand tons of aluminum, up by 37.1% YoY. According to the Federal Customs Service, the revenue increased by 36.7%, to $1.63 billion. Nickel exports dropped by 7.2%, to 31.2 thousand tons valued at $378.5 million, down by 15.2%, ferrous metals – by 1.1%, to 7.26 million tons at $3.59 billion,…
In January-March, Ferrexpo exported 2.63 million tons of pellets. In particular, PGOK exported 2260.1 thousand tons and EGOK – 369.9 thousand tons. Metalloinvest (Russia) exported 1410.7 thousand tons of pellets (Mikhailovsky GOK – 1176.7 thousand tons and Lebedinsky GOK – 234 thousand tons). Metinvest shipped 1223 thousand tons of pellets abroad (SevGOK – 640.1 thousand…
Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first quarter of 2019. In the first three months of 2019, Kumtor Gold Company produced 150,308 ounces or 4,675.10 kg of gold and contributed more than 1.51 billion soms in taxes and mandatory payments. Kumtor produced 150,308 ounces of gold…
