Operations on Solton-Sary mine were resumed after a seasonal halt, press service of Kyrgyzaltyn OJSC informed. It is noted that the gold processing plant of the mine started working. Repairs, stripping works were conducted and about 4,500 tons of ore were mined during the planned shutdown. “The second line of the gold processing plant will…Details
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NLMK Group witnessed a 19% growth in EBITDA in January-March. In Q1 2017, NLMK Group was able to increase sales on the EU and US markets against a backdrop of higher internal demand; and to expand export deliveries of flats, offsetting the seasonal weakening in demand in Russia. Group’s capacity utilization gained 1%, to 96%;…Details
Mechel-Service has supplied over 250 tons of rebars for the construction of the energy complex with the new reactor Brest-OD-300 in Seversk. The construction is carried out at the site of the Siberian Chemical Works. Rebars were produced at Chelyabinsk Iron and Steel Works. (Ukrainian metal)Details
In January-March Raspadskaya increased coal concentrate sales by 4% QoQ and by 11% YoY, to 1.696 million tons. The sales structure returned to its usual level (40% local sales and 60% exports) on the background of local market sales drop to 678 thousand tons. Local sales decreased by 9% because a part of Russian metal…Details
The Kiev administrative court of appeals has allowed the Executive Service to once again arrest the funds of the Industrial Union of Donbass on its account in Prominvestbank in the amount of 37.407 million UAH. In September 2016, the Ministry of Justice Executive Service opened a case of recovery of $1.485 million from IUD in…Details
South Korea is prepared to impose preliminary antidumping duties on the import of ferrosilicomanganese from Ukraine, India and Vietnam. The Korea Trade Commission has completed the preliminary investigation, having found out the damage to local manufacturers done by imports form the three countries. The commission has recommended the Ministry of finances to impose preliminary antidumping…Details
In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…Details
In January-March Kaz Minerals produced 52.1 thousand tons of copper, up by 16% QoQ and by 130% YoY. The group mined 16.9 million tons of ore, up by 27% QoQ and by 59% YoY, the average copper content in the ore was 0.8%. Zinc concentrate output decreased from 19.2 thousand tons in Q4 2016 to…Details
In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…Details
Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…Details
The Cabinet of Ministers is carrying out a number of projects to decrease coal consumption. According to the Prime Minister Vladimir Groysman, the construction of the electricity line from Rovenskaya NPP to Kievskaya substation will allow saving some 1.44 million tons of coal per year. Reconstruction of Dnestr HNPP will yield the economy of 700…Details
In January-March the volume of industrial output in Donetsk region (not counting the antiterrorist operation zone) decreased by 9.1% YoY, in March the drop was 8.2% MoM and 21.8% YoY. March saw the decrease in metal output by 1% MoM and by 12.4% YoY, and coke – by 8% and by 42.4% respectively. Coal mining…Details
In March, according to the railroad statistics, Chelyabinsk Iron and Steel Works received 3632 tons of ferrous scrap, down by 28% MoM and by 30% YoY. For the last 5 months scrap deliveries to the works (below 4 thousand tons) have been the lowest in 10 years. In Q1 scrap deliveries totaled 13.5 thousand tons,…Details