Gold production on Russia’s Chukotka peninsula decreased by 14.34% YoY, to 11.795 tons, in January-June, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on July 11. Silver production in the area fell by 21.71%, to 64.709 tons. Chukotka Mining and Geological Company, a unit of Kinross Gold, produced 4.775…Details
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In June the public joint stock company “Kiev research works Ugol” changed hands. Revenco Limited (Cyprus) and an individual sold 42% and 37% of the works shares to a number of legal entities, among which is Andilero Holdings Ltd (Cyprus) and Vtorpolymery LLC (Kiev). Ugol, despite its name (which means coal) has been away from…Details
In May, according to the customs statistics, Russia exported 391.5 thousand tons of ferrous metals scrap, down by 13.2% MoM and by 29% YoY. In April the figures stood at +29% and –33% respectively. In January-May Russia exported 1.64 million tons of scrap, down by 28% YoY. And this is also the lowest result for…Details
By August Ukrzaliznytsia intends to have shipped all its scrap sold at three auctions in early June. “The loading is underway. We expect to receive all the volumes this month”, Interpipe finances and economy director Denis Morozov said. According to him ArcelorMittal Kriviy Rih, Metinvest-Resource and Interpipe NTZ have already received some 30-50% of the…Details
In May, according to the customs statistics, Russia exported 391.7 thousand tons of pig iron, up 3-fold MoM, but down by 12% YoY. In January-May pig iron exports totaled 1.71 million tons, down by 15% YoY. USA imported 62% of all pig iron, with Spain exporting 10% and Turkey 9%. (Ukrainian metal)Details
The steel-smelting shop of Cherepovetsk Iron and Steel Works is completing its project to increase converter steel output: the construction of the second ladle furnace. According to the company statement, the active phase of construction began in June 2016, and the trial start of the complex was made on May 31. The cost of the…Details
NLMK Group has implemented the resource-saving pulverized coal injection (PCI) technology at 90% of its blast furnace capacities at NLMK Lipetsk. NLMK has launched hot-testing of the PCI unit at its most productive blast furnace, namely blast furnace No. 7 (with a capacity of 4.3 million tons per year). This technology involves co-injecting natural gas…Details
Pobuzhye Ferronickel Plant intends to start capital repairs of its ore-thermal furnace No. 2 in February 2018. “The furnace is old. We have planned to repair it in February next year”, the company CEO Oleg Bespalov said. The cost of the project is some 50 million UAH, and the repair will last for 45 days.…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship has supported amendments to the decree on the prolongation of the scrap export duty made by the president Petr Poroshenko. “From the state point of view, it would have been better for the scrap decree to be prolonged for 2 years, and not for 1. But…Details
In 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY. The group EBITDA reached $1.2 billion. Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)Details
Taganrog Iron and Steel Works has been granted tax exemptions for almost 200 million rubles from the Rostov region till 2019. For the past 10 years Tagmet has invested over 32 billion rubles in its technical revamping, which has made it one of the major seamless pipe manufacturers in the world. The company has orders…Details
So far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY. Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)Details