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In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…
DetailsIn January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…
DetailsMEGA-stal (Moscow region) has completed the manufacture modernization. Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85. The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)
DetailsConstruction of a crane trestle has been completed at the smelting shop of Kola MMC (Nornickel Group). The engineering structure will optimize the operation of hoisting-and-conveying equipment in the shop and avoid scheduled downtime. Three overhead cranes serving shop’s main aisle are intended for charging materials into converters and casting of converted matte. According to…
DetailsThe 280 mill of ZEMZ turns 75 years old. The mill, situated in the rolling shop No. 1, rolls circular section coils with 8-14 mm diameter, as well as rods of 14-26 mm diameter. Despite its age the mill copes well with all the tasks. In particular, in July it produced 306 tons of metal.…
DetailsNornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…
DetailsThe pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…
DetailsThe decision of the state company Ukrzaliznytsia to introduce free price of cargo wagons makes Ukrainian scrap-procuring companies nervous. The ability to set prices for wagons will result in the increase of their price and the growth of expenses of all market participants, the UAVtormet association letter to the minister of economic development and trade…
DetailsIn January-June KAZ Minerals produced 118 thousand tons of copper, up from 56 thousand tons in H1 2016. According to the company statement, it is sure of reaching the output target for this year of 225-260 thousand tons. “We are gradually increasing output at Aktogai processing factory”, the group CEO Oleg Novachuk declared. The project…
DetailsThe Ministry of economy and trade of Mexico has set up preliminary compensation duties on imports of seamless steel pipes from Ukraine, as well as South Korea, Spain and India. Duty for Ukrainian pipe makers is $170.11 per ton. The antidumping investigation began on December 15, 2016, and covers the time frame from April 1,…
DetailsEnergomashspetsstal has supplied a batch of working rolls to ArcelorMittal Kriviy Rih. The order has been made under the contract concluded in March. The total weight of 4 rolls is 132.530 tons. The rolls will be used in bar-rolling mills. EMSS and AMKR have been cooperating since 2011. (Ukrainian metal)
DetailsIn January-June Omolonskaya Gold Ore Company produced 2.6 tons of gold, up by 45% YoY. The main yield was from the Tsokol and Birkachan deposits. Gold contents in ore have grown by 12% since the start of the year, to 5.3 g per ton. In Q2 gold mining increased by 9%, to 94%. This year…
DetailsBratsk Aluminum Works has received a certificate of compliance with ISO/TS 16949:2009. The document confirms the company entry to the foreign markets with metal for automobile industry. In 2015 BrAZ received its first orders to produce a trial batch of alloys for Italian and German customers. The audit has been carried out by DNV GL.…
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