In 2017 Olenegorsky Mining and Processing Works, a part of Severstal, will buy four 136-ton Catterpillar-785 dump trucks, the first will be delivered in August. “The company also plans to buy two drilling rigs and a forklift loader”, the company acting CEO Alexei Scherbakov said. OGOK investments in 2017 will total 1.4 billion rubles. Earlier…Details
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Aluminum producer RUSAL plans to keep its output on the level of 2016, or 3.685 million tons, in 2017, CEO Vladislav Solovyov said on the sidelines of a forum on April 21. “No less than last year. I think, at last year’s level,” Solovyov said. The Kemerovo region said that RUSAL would raise its investment…Details
The National Bank of Ukraine forecasts that most of metal and coke plants will have improved their output to the level of 2016 by the end of 2017. “The enterprises on the Ukraine-controlled territory, which received raw materials from uncontrolled territory, would gradually reorient themselves to other supply sources, either by increasing output on controlled…Details
According to Module-Ukraine purchasing manager Ilya Begichev, Ukrainian coated metal market in the galvanized rolled metal segment is as follows: 0.7-1.2 mm – 35%, 0.42-0.65 mm – 36%, 0.33-0.4 mm – 30%. Polymer-coated metal market: 0.33-0.4 mm – 29%, 0.42-0.5 mm- 52% and 0.6-0.8 mm – 16%. Module-Ukraine goes on developing and increasing output and…Details
In January-March the Amur region yielded 4677 kg of gold. The state enterprise Petropavlovsk mined the most gold: 1689 kg by Pokrovsky mine, 14171 kg by Albynsky mine and 512 kg by Malomorsky mine. Berezitoviy mine of Nordgold yielded 751 kg. Gold-mining in Amur region continues falling due to the low metal contents in ore.…Details
In 2016 Chelyabinsk Pipe Works sold 1.735 million tons of pipes, down by 16% YoY. The group explains the decrease with the change in supply time to Gazprom and the drop of demand from the traditional pipe consumers. Local ChTPZ sales dropped by 20% YoY, to 1450 thousand tons, while exports grew by 31%, to…Details
In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.8-fold YoY. Revenues increased by 4.9%, to 76.2 billion rubles, sales profits – by 1.4%, to 30.27 billion rubles. The company fixed liabilities dropped by 15.9%, to 41.495 billion rubles, current liabilities – by 16.1%, to 31.672 billion rubles. By 2021 the company intends…Details
The authorities of the Schelkovo district of the Moscow region were presented the project of modernization of Schelkovo Iron and Steel Works and the putting into operation of the tin-plate line. According to the production workshop head Vladimir Merkulov, investments will total some 3.5 billion rubles. The main problem in the realization of the project…Details
In 2016 Russia consumed 2.6 million tons of galvanized steel and 1.9 million tons of polymer-coated rolled metal. Metal Profile Company processed and sold some 600 thousand tons of coated metal, according to the company commercial director Dmitry Andreev. The expert noted a worrying trend of thinning metal. In 2015 0.3-0.35 mm thick steel consumption…Details
In 2017-2019 Kolmar intends to spend some 17.4 billion rubles to develop the Inaglinsky mining and processing complex and 11 billion rubles to modernize the Denisovsky GOK in Yakutia. Inaglinsky includes an open-pit and Inaglinskaya mine, as well as the Inaglinskaya-2 processing factory. At present the open-pit yields some 2 million tons of coal and…Details
In January-March Evraz Dneprovsky Iron and Steel Works produced 203 thousand tons of rolled metal, down by 9.4% YoY. Steel output declined by 9.7%, to 243 thousand tons, pig iron – by 11.8%, to 232 thousand tons. In March DMZ produced 70 thousand tons of rolled metal, 79 thousand tons of steel and 78 thousand…Details
The government of Kyrgyzstan proposes to regulate the export of gold ore through taxes, Vice Prime Minister Oleg Pankratov said at a meeting of the parliamentary committee on the fuel, energy complex and subsoil use on April 18. The deputies suggested voicing the government’s position, as they were currently drafting a bill. Therefore, it is…Details
The State Fiscal Service has presented the list of the largest taxpayers in 2016. In two fields – metal and finances – the leaders hail from Dniepropetrovsk region. In metal industry the largest taxpayer was ArcelorMittal Kriviy Rih with 2389.4 million UAH, in banking – PrivatBank with 4094 million UAH of taxes. The 100 largest…Details