Polymetal has carried out the phase 3 of the project to expand and modernize Amur Hydrometallurgical Works. Investments totaled $71 million. The work was carried out due to the commissioning of the processing factory at the Kyzyl deposits (Kazakhstan) in June. The first gold-containing Kazakh concentrate was processed at Amur Works in October. It is…
DetailsOn November 19 ZEMZ put into operation a new site of Bosio thermal furnaces.
The site has 5 thermal furnaces with the maximum temperature of up to 10 thousand degrees C.
The furnaces will be used to heat rounds, squares and slabs.
The average monthly output of each furnace will be 900 tons. (Ukrainian metal)
In January-September Ukraine supplied 1.74 million tons of rolled metal and pipes to Russia, up by 28.4% YoY. Bars and sections accounted for some 55%, with 53% of them being rebars and wire rod. Bars and sections exports grew by 50%, and rebars and wire rod – almost 3-fold. Flat rolled metal exports increased by…
DetailsPrecious metal prices varied in Azerbaijan on November 20, according to the data published by the Central Bank. The price of gold increased by 4.471 manats, to 2,078.1055 manats per ounce on November 20 compared to the price on November 19. The price of silver grew by 0.0142 manats, to 24.4588 manats per ounce. The…
DetailsMagnitogorsk Iron and Steel Works’ (MMK) management decided to co-finance projects implemented by the residents of MMK Industrial Park to support and enhance business development in Magnitogorsk. Co-financing will be provided on a competitive basis to create new production or expand existing production. The share of co-financing will be up to 30% of the cost…
DetailsMagnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…
DetailsEmployees of the Partyzanska Coal Mine in Antratsit (the town in Luhansk region occupied by Russian proxy forces), attempted to organize a strike demanding payment of wage arrears. A journalist and blogger Denis Kazansky, citing a wife of one of the strikers, described the details of the response of the self-styled “authorities”. “Our husbands went…
DetailsRussian metals producer Norilsk Nickel expects its capital expenditures to amount to $2.3-2.5 billion in 2019 and $2.3-2.6 billion a year in 2020-2022, the company said in a statement on November 19. In 2018 the capital expenditures will amount to $1.6-1.7 billion. Norilsk Nickel will spend $900 million – $1 billion on obligatory projects, including…
DetailsThe main mine fan produced at the Corum Druzhkovka Machine-building Works has been put into operation at the Ingulets Iron and Steel Works. The fan will be providing the enterprise with fresh air for at least 14 years. The new fan has replaced an older version, which has been operating for 25 years. It will…
DetailsIn January-October Kuzbass mined 151.7 million tons of power-generating coal and 60.1 million tons of coking coal. The combined increase was 5.2% YoY. The mines yielded 74.4 million tons of coal (72.3 million tons in 10 months of 2017) and pits – 137.4 million tons (129 million tons). In October Kuzbass mined 15 million tons…
DetailsIn January-October rolled metal output grew by 2% YoY, to 51.3 million tons. In October manufacture dropped by 1.5% YoY and by 0.4% MoM. According to the Federal Service of State Statistics, Russia produced 43.1 million tons of pig iron, on par with 10 months of 2017. In October output decreased by 3.4% YoY, but…
DetailsThe Russian Steel Association has decreased its forecast on steel consumption in Russia in 2018 to 1% from 2.6% in June. At the same time, for the first time since 2013 the dynamics of metal consumption stagnation has switched to the growth, which equaled to 5.1%. In 2016-2017 machine building was the main driver of…
DetailsEmployees of the mine named after Kapustin (Lisichanskugol) after 30 days have stopped their hunger strike and returned to the surface. “The salary debts to the above ground employees will also be partially cleared”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. The miners demanded their salary…
DetailsNorilsk Nickel can increase metal output in five years on the background of the expected growth of the global demand for nickel from the rapidly developing electric car market. The company intends to have increased nickel and copper output by 15% and platinum-group metal by 25% by 2025 as compared with 2017. In particular, nickel…
DetailsFrom October 1 Zaporozhye Iron Ore Complex has increased wages by 15%.
According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees.
ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)
In April-May 2019 Zaporizhstal will complete the preparation of the site for the construction of the oxygen-converter shop. According to CEO Rostislav Shurma, the company is also constructing a 2.5km road. The construction of the shop has been entrusted to Metinvest Engineering. At present some 50 machines are operating at the construction sites. The CEO…
DetailsIn January-September Beloretsk Iron and Steel Works received 889.9 million rubles of net profit, down by 28.5% YoY. Revenue grew by 10%, to 19.7 billion rubles, including export revenue up by 41.8%, to 4.6 billion rubles, and local sales at 15.03 billion rubles, up by 2.8%. At the same prime cost went up by 16.8%,…
DetailsHolding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…
DetailsThe state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH.
The company will have to supply two motLvivugolors at 850 thousand UAH each.
This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)
Energomashspetsstal will produce rolls for two ArcelorMittal European plants. According to the contracts signed, 6 back-up rolls will be supplied to ArcelorMittal Sagunto SL (Spain). Another 4 rolls will be produced for ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the rolls will be 355 tons. The products will be shipped in Q3 2019. EMSS and…
DetailsFrom December Irbit Pipe Works will commission a site to apply PPU insulation on pipes.
The machinery produced by Polimer Complex (Moscow) will be used.
It will allow applying insulation to the pipes with the diameter of 57 to 820 mm.
The maximum length of such pipes will be 12 meters. (Ukrainian metal)
In January-September Susumanzoloto revenue grew by 26.2% YoY, to 12.349 billion rubles. Profit increased by 17.4%, to 3.691 billion rubles. Net profit went up by 22.9%, to 2.806 billion rubles. Accounts payable as of September 30 totaled 2.794 billion rubles, up from 1.24 billion rubles as of December 31, 2017. The value of the company…
DetailsBeringpromugol is preparing to ship its last bulker this year. The 9th vessel this year will head to Vietnam carrying 18 thousand tons of coal. The coal export season is expected to have been completed by December 1. Beringpromugol LLC is responsible for all Chuikotka coal exports (400 thousand tons this year). In 10 months…
DetailsIn January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY.
The increase is due to the operation of Kolmar and Elgaugol LLCs.
Kolmar mined 3.83 million tons of coal, up by 24%.
And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)