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Russia gold producer Polyus increased gold output by 17% YoY, to 450,000 ounces in January-March, the company said in a statement on April 24. Income from sales rose by 19% YoY, to $600 million, with an average sales price of $1,258 per ounce, 3% higher than the London Bullion Market Association (LBMA) spot price. (Prime/Ukrainian…
DetailsVolnogorsk Mining and Metallurgical Combine, a part of the United Mining and Chemical Company, has ordered the Imex Minerals LLC the development of the mined rock at 83.85 million UAH. This year the company will have to develop some 2.15 million cubic meters of rock with delivery to 2.5 km valued at 30 UAH per…
DetailsLisichanskugol has ordered the Promtorg Company LLC the delivery of filtering equipment valued at 8.06 million UAH. This year the miners will receive 300 self-rescuers at 8326 UAH apiece and 2 thousand chargers to training self-rescuers at 2781 UAH apiece. In open sources the self-rescuers are almost twice cheaper. Last year Lisichanskugol bought the chargers…
DetailsThe Lviv regional state administration reports the receipt of 5.69 million UAH by the state enterprise Lvivugol to open new long faces and buy equipment to modernize mines in 2017. At present three new long faces are being prepared to be put into operation. It is expected that they will start working in July, increasing…
DetailsIn January-March RUSAL produced 910 thousand tons of aluminum, down by 2.1% QoQ. Sales reached 985 thousand tons, up by 6.8% QoQ. Value-added products amounted to 436 thousand tons in the total sales, up by 7.8%. The average price in Q1 increased by 8.3% QoQ, to $1949 per ton. Alumina output in January-March totaled 1889…
DetailsIn January-March Chelyabinsk Iron and Steel Works, a part of Mechel, received 950.3 million rubles of net profits, up 2.3-fold YoY. The company revenue increased by 42% YoY, to 30.333 billion rubles. Sales reached 862 thousand tons, up by 1.6% YoY. (Ukrainian metal)
DetailsIn 2016 VSMPO-Avisma received 25.4 billion rubles of profits, up by 9 billion rubles YoY. The corporation revenue totaled 89.4 billion rubles, up by 13.4% YoY. The net cash flow reached 35.7 billion rubles as opposed to 27.9 billion rubles in 2015. (Ukrainian metal)
DetailsCherepovets Iron and Steel Works, a part of Severstal, has finished the first repair of the main machinery in the sheet-rolling shop scheduled for this year. In particular, the 5000 mill, inner pipelines and furnaces have been repaired. “All the repair works have been complete. They will allow us to provide for the faultless operation…
DetailsIn 2017 Evraz will supply some 700 thousand tons of rails, including 240 thousand tons of 100-meter rails to the Russian Railroads. The delivery of longer rails will increase by 60% YoY. Rails at the order of the Russian Railways are produced at Evraz ZSMK and NTMK. In January-March they have already supplied the railways…
DetailsIn 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles. Construction of industrial objects and the development of heat and electricity generation will see the most investments. The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)
DetailsThe Ministry of energy and coal industry of Ukraine initiates an audit of foreign purchases of uranium concentrate by the state enterprise Vostochniy Mining and Processing Works. According to the prosecutor of the specialized anticorruption prosecutor’s office Igor Symkiv, under the criminal case of Nikolai Martynenko the energy minister Igor Nasalik has been questioned and…
DetailsAvdiivka Coke and Chemical Works and the military-civilian administration (MCA) of the town of Avdiivka have signed an agreement on social partnership for 2017, which provides the financing of social programs in the amount of 11.9 million UAH. The document was signed by the company CEO Musa Magomedov and the MCA chairman Pavel Malykhin. In…
DetailsThe Chelyabinsk Pipe Works seamless stainless pipes capacities exceed 25 thousand tons per year, with a wide product range. According to the ChTPZ market analysis and trade expansion department chief specialist Maria Semykina, in 5 years the group share in seamless stainless pipes output increased considerably: from 18% in 2012 to 35% in 2016. This…
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