Uzmetkombinat will spend 30% of its net profit (21.1 billion sums) for 2017, or 488 sums for one ordinary share and 30% for 2018 – 101.9 billion sums or 2353.8 sums per share. 65.2% of net profit for 2018, or 286.4 billion sums, will be spent on the development of the company. In 2018 Uzmetkombinat…Details
In July Russia imported 96.6 tons of raw tin, down by 7.4% MoM and by 34% YoY. The share of Estonia was 73%, up by 15% MoM. Deliveries from Bolivia grew 2-fold, to 21 tons, while from China dropped from 31 tons to 5 tons. In January-July raw tin imports totaled 597.5 tons, down by…Details
In July Russia exported 7.2 thousand tons of ferromanganese, up by 49% MoM, but down by 14.8% YoY. USA imported 385 tons of ferromanganese, down by 79% MoM. Exports to US decreased 8-fold from April to July. Turkey increased imports from 818 tons to 3.6 thousand tons. Exports to Kazakhstan grew 4-fold, to 826 tons.…Details
In August coal output and exports fell by 6.1% and by 1.6% respectively, to 34.4 million tons and 17.1 million tons. The increase in exports is possible with the improvement of the railroad infrastructure in the eastern parts of Russia. The non-ferrous metals saw a drop of sales both on the global market (by 13%)…Details
Evraz ZSMK will invest 1 billion rubles in the project to construct modern limestone kilns to provide the company with quality raw materials. The commission of the new machines is scheduled for 2022. The kilns will let the company save some 400 million rubles per year due to decrease in energy resources consumption and maintenance…Details
Having replaced its investor Stavstal Iron and Steel Works has increased its output 2-fold and completely switched to manufacturing products for exports. “With the new investor the company is feeling and doing fine”, the Stavropol region governor Vladimir Vladimirov declared. Several years after the launch the company faced serious financial problems. The police is now…Details
Mikhailovsky Mining and Processing Works is now mastering the operation of the Armada plasma cutting machine. The machinery has been purchased under the Metalloinvest investment program. Now the manufacture of billets for BelAZs, crushers and conveyers of sheet metal will be easier and quicker. The new plasma cutting machine allows processing rolled metal with the…Details
The ChTPZ group has supplied a batch of pipes for the construction of a system of gas and water pipelines of Amur thermal power plant. The pipes were produced at Chelyabinsk Pipe-Rolling Works and Pervouralsky Pipe Works. The batch had 2500 tons of seamless and welded pipes. The pipes with the diameter of 108 to…Details
PJSC Magnitogorsk Iron and Steel Works announces that registration for its Capital Markets Day in London is now open. The event will begin at 9:00 am London time (12:00 pm Moscow time) on November 15. At the Capital Markets Day, Chairman of the Board of Directors of MMK, Viсtor Rashnikov, Independent member of the Board…Details
NLMK Group announces that following the annual RobecoSam Corporate Sustainability Assessment, NLMK’s overall ESG score has improved from 22 to 33. As a result, NLMK’s individual scores of the economic and social dimensions exceeded the industry average. RobecoSam conducts annual Corporate Sustainability Assessment (the SAM CSA) the results of which serve as the basis for…Details
Azovstal has finished repairing the air-heating machine at the blast furnace No. 2.
The repair lasted for 90 days and would help considerably decrease air pollution.
Metinvest spent 9.8 million UAH to repair the air heater. (Ukrainian metal)
As of September, debts to state miners have reached 900 million UAH. According to the chairman of the Confederation of Independent Unions and the Independent Miners’ Union Mikhail Volynets, in October the debt will grow to 1.3 billion UAH. “And the trend of the debt growth will persist. The miners will be forced to strike”,…Details
In July Russia imported 45.3 thousand tons of flat galvanized rolled metal, down by 42% YoY and by 32% MoM. In 7 months imports dropped by 8%, to 384.2 thousand tons. China accounted for 31.5% of deliveries, up by 50%. The average sale price was $730 per ton without VAT. It is followed by Kazakhstan…Details
In January-June over 430 employees resigned from Centrougol coal enterprise, which included 5 mines.
The enterprise is managed by authorities of the Lugansk People’s Republic, the terrorist organization created and supported by Russia.
The reason of the employee flow is the chronic wage debts. So far the debts reach 1.5 million rubles. (Ukrainian metal)
In January-August Zaporozhye Ferro Alloys Plant increased output by 9.1% YoY, to 177.66 thousand tons. In particular, the company produced 95.77 thousand tons of silicomanganese, up by 18%, 52.18 thousand tons of ferrosilicon, up by 2.7%, and 25.13 thousand tons of ferromanganese, down by 2.5%. Metallic manganese manufacture decreased by 10.2%, to 4.58 thousand tons.…Details
In January-August Nikopol Ferroalloy Plant decreased output by 4.4% YoY, to 510.03 thousand tons.
In particular, silicomanganese manufacture dropped by 6.3%, to 468.52 thousand tons, but that of ferromanganese grew by 14.4%, to 29.71 thousand tons.
The company has also increased the production of other ferroalloys – by 57.5%, to 11.8 thousand tons. (Ukrainian metal)
Polyus Aldan has extracted 5 tons of gold.
This year the milestone was reached on September 20, a month earlier than in 2018.
The output increased by 14% YoY. (Ukrainian metal)
In January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…Details
As of September 19, the Novaya miners team LLC, operating in the Republic of Sakha, Yakutia, has extracted 220 kg of gold. The company quota for the year is 150 kg. Operation at the main license site – Nizhnyaya Amunakta – started in late May. In 2018 the company extracted 224 kg of gold. (Ukrainian…Details
In July Russia exported 19.2 thousand tons of nickel matte to Finland, up by 183% YoY.
In 7 months exports totaled 86.9 thousand tons, up by 75.3%.
In monetary terns since the start of the year the exports have increased by 37.1%.
Export prices dropped to $6.5 per kg. (Ukrainian metal)
Last week the price of one ounce of gold increased by 0.4675 manats or by 0.02%. Accordingly, the average price of one ounce of gold stood at 2,551.7102 manats. The price of one ounce of silver grew by 0.0184 manats or by 0.06%, to 30.3462 manats. The price of one ounce of platinum decreased by…Details
Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…Details
In January-July Russia exported 2.63 million tons of pig iron, down by 21.6% YoY, valued at $915 million, down by 25.6%. USA accounted for 45% of purchases, down by 31.3%. Italy decreased imports by 44.3%, to 18%, while Turkey increased by 50.2%, to 13.6%. The main exporters of pig iron are Ural Stal, Tulachermet and…Details
In July Russia imported 31 thousand tons of steel semi-finished products from Ukraine, down by 40% MoM. In July 2018 imports did not exceed 25 tons. In February-April monthly deliveries were below 40 thousand tons. In January-July imports totaled 257.8 thousand tons, down 2.8-fold YoY. Average price in July was $408.6 per ton without VAT.…Details