Susumanzoloto, developing alluvial sites in Magadan region and the Republic of Sakha, has finished the washing season with 5406 kg of gold, up by 8.5% YoY. In particular Drazhnik LLC extracted 1758 kg of gold, Chai-Urya zoloto LLC – 852, Itkana LLC – 538, Astra LLC – 447, Sever LLC – 357, Chelbanya Pit LLC…
DetailsMechel-Service has supplied over 1.5 thousand tons of rebars for the construction of the Planeta shopping mall in the city of Perm. The construction is carried out on the site of an old hippodrome, at the juncture of the main streets – the Mir Street and the Kosmonavtov Highway. A500S rebars manufactured by Chelyabinsk Iron…
DetailsAccording to Worldsteel, global steel output in January-October totaled 1541.64 million tons, up by 3.17% YoY. China is a traditional leader with 829.22 million tons, up by 7.44%. Ukraine is still holding to its 13th place with 17.96 million tons of steel produced, up by 2.32%. (Ukrainian metal)
DetailsIn January-September the volume of capital investments in metallurgy grew by 34.1% YoY, to 20.43 billion UAH. According to the State Statistics Service, in Q3 investments began decreasing. In July-September investments grew by 29.5%, while in Q1 – by 34.5%, and in Q2 – by 42%. (Ukrainian metal)
DetailsIn September Russia exported 9.8 thousand tons of nickel matte, up by 90% MoM and by 137% YoY. Finland is still the only importer of the product. In 9 months exports totaled 102 thousand tons, up by 76% YoY. In monetary terms since the start of the year the exports have increased by 45%. Prices…
DetailsThe state research center CNIITMASH, a part of Rosatom, and Ural Steel have developed a technique to produce plates of new steel grades. The material and technique are necessary for use in the projects to produce liquefied natural gas, especially in the far north. The work to develop the technique to produce plates of new…
DetailsNext year VSMPO-Avisma intends to increase output by 8% YoY, to some 38 thousand tons. This year the corporation expects to produce 35 thousand tons of titanium wares, up by 6% YoY. The current investment program presupposes investments on the level of $700 million until 2027 and the increase of output by more than 20%…
DetailsEvraz ZSMK has finished a 55-day capital repair of its oxygen converter. The capacity of the machine is over 100 thousand tons of steel per month. Investments reached 90 million rubles. Evraz ZSMK operates 5 converters. On average they produce 570 thousand tons of steel per month. Next year another converter and continuous casting machine…
DetailsIn January-September Uchaly Mining and Processing Works received 368 million rubles of net loss. Last year net profit amounted to 256.8 million rubles. Revenue grew to 16.7 billion rubles from 16.4 billion rubles. Sales profit increased 2.4-fold, to 1.75 billion rubles, and gross profit – by 26.8%, to 3.95 billion rubles. (Ukrainian metal)
DetailsChelyabinsk Pipe-Rolling Works and Baotou Steel (China) will construct a mining and processing works in the Irkutsk region. The companies have already signed a corresponding agreement. The GOK will be constructed at the Zashikhinskoye rare-earth metals deposit. The first stage is expected to process 250 thousand tons of ore, and with the third stage completed…
DetailsThe arbitrary court of Perm region has partially satisfied the claims of the Federal Antimonopoly Service on taking measures in the dispute with enterprises under control of the Solikamsk Magnesium Works owner. The court prohibited Cyprus-based Volesko Yjldings Ltd, Slontecco Investments Ltd and Fullcircle Facilities Management Ltd doing anything with the company shares. The Antimonopoly…
DetailsA gold-leaching and extracting plant will be built in Kostanay region. Investments will reach $25 million. Some 300 jobs will be created. The plant is expected to start operating in 2021. This year gold ore extraction in the region grew by 52% or by 1 million tons. (Ukrainian metal)
DetailsIn September Russia imported 25 tons of molybdenum, down y 7.5% MoM and by 26% YoY. Deliveries from China grew from 12.3 tons to 17.5 tons, while from Germany dropped by 58%, to 6 tons. In 9 months imports totaled 247 tons, down by 4% YoY. In monetary terms since the start of the year…
DetailsTaganrog Iron and Steel Works has finished modernizing its circular furnace and a pipe hot-rolling site in the pipe-rolling shop. In particular, the company has commissioned four new pipe threading machines, as well as upgraded one pipe threading and two coupling threading machines. Under a large-scale modernization program scheduled to be completed in 2021 Tagmet…
DetailsPresident Gurbanguly Berdymuhamedov has tasked the government with construction of a metal works. Vice Prime Minister on oil and gas complex Myrtgeldy Meredov has noted that large deposits of iron ore have been discovered on the territory of the Balkan region. Berdymuhamedov ordered the government to construct a mining works to process iron ore. (Ukrainian…
DetailsLocal citizen of Pobugskoye Denis Shevchenko has been appointed CEO of Pobuzhye Ferronickel Plant instead of Oleg Bespalov, who has been chairing the company since 2014 under a 5-year contract. The task of the new CEO is to continue building a modern European-type enterprise taking into account global development principles. Shevchenko worked not only in…
DetailsWimax Ltd., created a year ago, has become owner of the Chasov Yar Refractory Works shares. Shares belonging to the Lukyanovs family (24.573%, 22.901%, 6.654% and 6.509%) have dropped to zero. At the same time the share of Wimaz Ltd. grew from zero to 67.866%. (Ukrainian metal)
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