In November Ukraine exported $57.775 million worth of pipes, down by 6.1% YoY, while imports grew by 77.6%, to $18.965 million. According to the State Fiscal Service, USA imported the largest batches of pipes – $11.506 million. In January-November Ukraine exported $681.476 million worth of pipes, up by 33.4% YoY, while imports increased by 50.9%,…Details
Precious metal prices increased in Azerbaijan on December 25, the Central Bank reported. The price of gold grew by 7.5225 manats, to 2,156.518 manats per ounce on December 25 compared to the price on December 24. The price of silver went up by 0.0765 manats, to 25.1214 manats per ounce. The price of palladium increased…Details
ArcelorMittal Kriviy Rih has started a quarterly competition on energy efficiency. The winners will receive rewards for their suggestions. For example, there is a way to decrease the volume of reactive electric energy, which costs the company 22 million UAH per year. The creation of a special program that monitors the consumption of the excess…Details
This year Seligdar has extracted 6 tons of gold, up by 30% YoY. “The considerable growth of the gold-extracting division was the result of the holding investments in the development of capacities”, Seligdar president Konstantin Beirit declared. The long-term strategy adopted in 2018 presupposes reaching the annual output of 10 tons of gold in 7…Details
In January-November ferrous metals transportation via railroad decreased by 3% YoY, to 18.3 million tons. According to the State Statistics Service, iron and manganese ore transportation grew by 2.8%, to 60.8 million tons. Coke transportation dropped by 2.4%, to 4.5 million tons, while scrap went up by 0.1%, to 2.8 million tons. Ferrous metals exports…Details
Members of Volyn region council will ask the Cabinet of Ministers and the Verkhovna Rada to help finish the construction of the Novovolynskaya Mine No. 10. This is the only mine the construction of which started during the years of independence. The mine reserves are estimated at 40 million tons of coal. The first stage…Details
In 2019 Norilsk Nickel expects a moderate nickel price growth. “Today nickel and palladium are in shortage, while copper and platinum are close to the balance. In mid-term we expect nickel and palladium prices to be higher. In long-term platinum should also become more expensive. As to the copper – we don’t expect a sharp…Details
Russian aluminum producer RUSAL will move the headquarters to Krasnoyarsk in six months, governor of the region Alexander Uss reported on December 25. “I hope that the sanctions will be revoked next year in January. RUSAL has somewhat slowed down work on headquarters move. I mean literally two–three, maybe up to six months. But this…Details
Irbit Pipe Works Metallinvest has opened an outside site for product storing. The site can accommodate some 3500 tons of pipes. The works also has the covered site with the capacity of 4 thousand tons. Now pipes can be loaded from 2 sites at once, which will increase the volume and the speed of loading.…Details
Cherepovets Iron and Steel Works has assembled an electric bridge crane in the steel-smelting shop valued at 40 million rubles. The crane No. 84 has the lifting capacity of 20.5 tons and will be used to unload slabs and transport steel billets. “The new crane will improve not only the efficiency of the manufacture and…Details
This year the Electrostal Tyumeni mini-mill intends to increase rolled metal output by 15%, to 0.531 million tons. The company produces over 170 types and sizes of rolled metal used in machine-building, construction, oil and gas and aviation industries. In September Electrostal Tyumeni received the IATF 16949 certificate and passed the ISO 50001 energy audit.…Details
Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…Details
The Russian Finance Ministry is in dialogue with the U.S. Department of Treasury and hopes that the sanctions against aluminum producer RUSAL will be abolished in 2019, Minister Anton Siluanov declared on December 25. “The key point here is that the proposals formed by the Office of Foreign Assets Control (OFAC) have been fulfilled. The…Details
Lead output in January-November decreased by 25.4% YoY, to 77.7 thousand tons. Lead concentrate mining dropped by 17%, to 331.6 thousand tons. Raw lead manufacture grew by 3.8%, to 142.1 thousand tons. Exports decreased by 34%, to 70.4 thousand tons valued at $161.8 million, down by 26.2%. The main importers of Kazakh lead are Vietnam…Details
The manufacture of tin concentrate in Yakutia will have reached 5.5 thousand tons by 2032. The government of the region intends to restore tin industry by developing tin deposits and commissioning the Tirekhtyakh alluvial site and Deputatskoye deposits. Yanolovo, the developer of the Tirekhtyakh, is negotiating investments with China. The site reserves are 68.4 thousand…Details
Since the start of the year Chelyabinsk Iron and Steel Works has shipped over 8 thousand tons of Z-sections. The products are supplied to the major car-manufacturers and repair plants in Russia and Belarus. ChMK mastered the manufacture of the Z-310 sections in January. The beam is produced of 2 steel grades with improved strength.…Details
Electrozinc has started unloading the unfinished products – cake and rotary oxides, as well as zinc-containing materials. For this the rotary and hydrometallurgical shops have been put into operation. 345 employees have been attracted to work. These products can’t be turned into sellable wares due to the fire destroying the electrolysis shop on October 21.…Details
Magadan region is one of the richest regions in Russia in terms of mineral deposits. It has the largest reserves of silver, and is in top-5 in gold reserves. This year Polyus Magadan will produce 35 tons of gold, which is the highest result so far. For next year the gold annual output level will…Details
Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook.
The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow.
The company has also noted Polyus output level and the resource base. (Ukrainian metal)
Russian Platinum has summed up its results for January-November. Yubileiniy GOK of Amur Zoloto LLC mined 74.6 thousand tons of ore. Yubileinaya factory processed 96.4 thousand tons of ore and 10192 tons of concentrate. The enterprise obtained 1037.8 kg of gold and 643.8 kg of silver. Perevalniy GOK mined 217.2 thousand tons of ore. The…Details
In 2018 MirBlagMet LLC has obtained 102 kg of alluvial gold in Amur region, up by 3% YoY. The output target for the year was 80 kg of gold. Last year the company yielded 99.3 kg of gold. The company has 2 licenses to develop alluvial gold sites. The Dugda deposit license is valid until…Details
Under the investment program to develop mining and transport complex of Mikhailovsky Mining and Processing Works, Metalloinvest has purchased two BelAZs with the lifting capacity of 220 tons. These are the first such machines at the GOK. They will start operating in January 2019. At present the enterprise specialists are assembling the trucks and preparing…Details
The state enterprise Energorynok has not determined the agreement on the electric energy purchase for Zaporozhye Ferro Alloys Plant. Thus, the company will not be able to conclude the agreement for the delivery of electricity from January 1, 2019. If Energorynok suspends the sale of electricity, ZZF will be forced to stop operation. The company…Details
According to the Department of Trade, in October US imported 28 thousand tons of construction pipes, up by 8.2% MoM, but down by 55.4% YoY.
Ukraine supplied 1300 tons of pipes.
Other sellers were Canada (16 thousand tons), Mexico (4800 tons), South Korea (1600 tons) and Taiwan (1100 tons). (Ukrainian metal)