Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate. In May the works produced 125 thousand tons. The company management expects it to reach its target capacity in summer. (Ukrainian metal)Details
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In January-May Kamensk-Uralsky Iron and Steel Works produced 47 thousand tons of aluminum, up by 4 thousand tons YoY. At present the company is constructing a new rolling complex, which produced 2 thousand tons of aluminum in May. This year will see the construction of the second stage of the hot-rolling mill. The first products…Details
Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…Details
Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial director Dmitry Spatar, the situation when Ukrzaliznytsia is not renewing trains threatens the transportation process. Companies can invest in trains in case…Details
The Ministry of energy and coal industry reports that in April the prime cost of coal at state mines increased by 13.8% MoM, or by 384.1 UAH per ton, to 3159.67 UAH per ton. The prime cost of coal is 45.7%, or 1443.17 UAH per ton, more than its average sale price (1716.5 UAH per…Details
DTEK Mine Group named after Space Heroes has put a new 1120 long face into operation. Its reserves are estimated at 226 thousand tons of gas-coal. This coal is used by the thermal power plants. The reserves will be enough till September. This is the second long face put into operation by DTEK Space Heroes…Details
The Lenzoloto board of directors, a part of Polyus, suggests its shareholders to spend 11.884 million rubles to pay dividends for 2016. It is suggested to pay 34.18 rubles per premium share and pay nothing for ordinary shares. The registry of shareholders entitled to dividends will be closed on July 11. The final decision on…Details
In 2016 Zhayrem Mining and Processing Works received 6.1 billion tenge of net profits, down 1.9-fold YoY. The company EBITDA dropped by 27.3%, to 7.28 billion tenge, while gross profit increased 6.4-fold, to 11.2 billion tenge. Its assets increased by 7.7%, to 30.7 billion tenge, while liabilities dropped by 29%, to 6.3 billion tenge. Zhayrem…Details
Rechitsa Iron and Steel Works has been providing hot-galvanizing services for over 6 years. The company is able to cover metal structures (12500x1500x2500 mm) and pipes (4000-8200 mm long, with ½-4” diameter) with 40-250 micron coating. The works also galvanizes its own products. “Our galvanized bolts have been spotted on German machinery. Now we export…Details
In 2016 the share of stainless steel imports decreased to 40.3% from the record of 86.5% in 2007, while the seamless stainless pipes imports dropped to 33.5% from its highest in 2010 (63.8%). According to the Pipe industry development fund director Igor Malyshev, the decrease of imports resulted in the creation of pipe capacities in…Details
Even if the scrap export duty is prolonged, Ukraine will still suffer from the raw material shortage. “There will be a shortage anyway. But there is a difference: 200 thousand tons of shortage at 30 euro per ton duty and 800 thousand tons of shortage if the duty is not prolonged”, Ukrmetallurgprom president Alexander Kalenkov…Details
Evraz and the Russian Railways have signed a memorandum on cooperation. According to the document Evraz will increase output of 100-meter rails. An additional manufacturing line will be assembled at Evraz ZMSK. And railroads will provide rolling stock to take all the rails produced. The memorandum creates the basis for the signing of a new…Details
In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…Details