Russian precious metals producer Polymetal International has agreed to buy 7% in a joint venture that develops the Nezhdaninskoye gold ore field and acquired an option to buy the remaining 75.3% in the venture and raise its stake to 100%, Polymetal said in a statement on July 17. “Polymetal International has agreed to acquire an…Details
The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…Details
PJSC Magnitogorsk Iron and Steel Works has completed the reconstruction of gas-purifying plants at the mill’s electric-furnace melting shop with CAPEX of more than RUB 1.3 billion. The gas purifying plants are now almost 100% efficient. Over the course of the project, two old wet gas-purification systems, No. 32 and No. 33, were replaced with…Details
In September the Cabinet of Ministers will spend 100 million UAH on individual protection means for the miners. According to the Prime Minister Vladimir Groysman, there are already funds for the project, and in September 100 million UAH more will be added. In May the Cabinet created the concept of reforming and developing the coal…Details
The Yekaterinburg Customs has for the first time registered 1 kg of gold delivered from Guinea at the order of Yekaterinburg Non-Ferrous Metals Processing Works. The ingot is valued at $39 thousand. Not all African countries mining for gold have facilities to process it. This is a trial batch. At present the ingot is being…Details
PJSC Magnitogorsk Iron and Steel Works has completed the construction of aspiration systems for casting beds at blast furnaces No. 9 and No. 10. The project with CAPEX of over RUB 1 billion allows dust emissions to be almost completely disposed of, decreasing the emissions 50-fold. The aspiration system for casting beds at blast furnace…Details
In Q2 the demand for the Copper Pipe Works products increased by 25% YoY.
So far the company has orders up until October.
The company products are in demand not only in Russia, but abroad as well. (Ukrainian metal)
The ministry of economic development of Chelyabinsk region and MMK-Metiz have concluded an agreement on the “Modernization of metal wares manufacture” project aimed at producing 39 billion rubles worth of wares by 2025. Under the contract MMK-Metiz will invest not less that 2.9 billion rubles into the project, produce and sell at least 39 billion…Details
In January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…Details
PJSC Magnitogorsk Iron and Steel Works has commissioned the continuous hot-dip galvanizing unit No. 3. The unit will increase MMK’s capacity for the production of galvanized steel by almost 20%, to more than 2 million tons a year. The unit is designed to produce zinc-coated products through the hot-dip galvanizing of cold-rolled, thin-sheet, low-carbon steel.…Details
In Q2 2017, NLMK Group sales grew by 13% QoQ and by 5% YoY, to 4.2 million tons. Steel output totaled 4.1 million tons (-2% QoQ), with facilities running at 98% capacity. Group sales grew driven by the seasonal uptick in sales of finished products in the Russian market. Finished product sales increased by 19%,…Details
Roofing collapsed at the Mariupol Ilyich Iron and Steel Works, killing 3 employees. 4 employees were working at the construction site, when the roofing fell. Three people, including a woman, perished. One person was injured. The workers were repairing shop premises, when the roofing suddenly collapsed. Three people fell, and were hit by concrete slabs.…Details
In June Yuzhniy Mining and Processing Works produced 997.4 thousand tons of concentrate, up by 12.8% YoY.
According to the company statement, sinter output dropped by 9.3%, to 150.3 thousand tons.
In January-June UGOK increased concentrate production by 12.5% YoY, to 6.082 million tons, sinter output fell by 3.2%, to 893.1 thousand tons. (Ukrainian metal)
In January-June Sibcable processed 7.5 thousand tons of copper, up by 15.5% YoY.
Aluminum processing reached 1.5 thousand tons, up by 48% YoY.
Total metal consumption increased by 25% YoY.
In H1 the company produced 18 thousand km of cables and wires. (Ukrainian metal)
In January-June Magadan region yielded 11.7 tons of gold, including 7.2 tons of ore gold and 4.5 tons of alluvial gold. Silver output totaled 369 tons. Gold production increased by 41% YoY, with ore gold output up by 2.4 tons, and alluvial – by some 350 kg. Silver mining dropped by 12.5%. In the second…Details
In January-June Kazakhstan mined 19.07 million tons of iron ore, up by 10.4% YoY. According to the Ministry of the national economy, copper ore output totaled 48.528 million tons, up by 36.3% YoY, gold-containing ore – 8.733 million tons, down by 1.8%, chromium concentrate – 2.208 million tons, up by 11.1%. Kazakhstan holds the 7th…Details
On July 14 Andrey Yegorov was appointed the CEO of the pipe and sections works of Severstal in Sheksna. Previously he worked as the shop director there. In his new office Yegorov will go on improving production and realizing the investment program, in particular the construction of the automated complex to produce driven piles. Ilya…Details
In January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…Details
The Verkhovnaya Rada of Ukraine has prolonged the scrap export duty of 30 euro per ton till September 15, 2018. The bill No. 6382 has been supported by 247 people’s deputies with the minimum required number of 226. According to the bill note, its goal is to regulate scrap export and decrease scrap shortage on…Details
Russian oil and gas pipe producer TMK has relaunched all its suspended U.S. facilities, Deputy CEO for Strategy Vladimir Shamtovich said on July 13. “In early July, we launched the two U.S. facilities that had been idle. So, all our plants are working now,” he said. In June, he said that the company planned to…Details
In June, according to railroad statistics, direct deliveries of ferrous scrap to Evraz ZSMK totaled 183.6 thousand tons, up by 7.5% MoM and by 8% YoY. In January-June the company received 714 thousand tons of scrap, up by 46% YoY and on average by 19% compared to the last 5 years. Evraz ZSMK holds the…Details
In January-June Chukotka Autonomous District mined 217 thousand tons of coal against 140.9 thousand tons in H1 2016. At present two enterprises mine for coal in the region: the “Ugolnya Mine” JSC at the Anadyr deposits and “Beringpromugol” LLC at Fandyushkinskoye deposits. In 6 months Ugolnaya Mine yielded 95.5 thousand tons of coal, down by…Details
By 2030 Belarus will have invested some $440 million in modernization of its foundries. Among the priority projects is the Minsk Engine Works high-quality pig iron manufacture in Stolbtsy (Minsk region). In early 2018 it is planned to complete the first stage of the project, and by 2028 – the second stage. By 2028 $207…Details
The Arbitrary court of Rostov region on July 13 ruled well grounded the claims of the companies Atrix B. V. and Rostov Electrometallurgical Works to Mechel for recovery of damages. Atrix B. V. (the Netherlands), the founder of REMZ, claims 10.1 billion rubles from Mechel for the damages done to the works under the management…Details
Sverdlovsk region aluminum companies are capable of producing almost any semi-finished products on their own and substituting imports. According to the Aluminum Association chairman Valentin Trischenko, at present the region imports some 3.5 thousand tons of aluminum semis. “The potential of the regional aluminum companies allows not only substituting imports, but even exporting products”, he…Details
ArcelorMittal Temirtau and Linde have signed an agreement to carry out preliminary work for construction of the second air-separating machine. The machine will produce oxygen, nitrogen and argon, used in the manufacture of pig iron, steel and rolled metal. It is planned to put the machine into operation in November 2019. “We’ve been cooperating with…Details