The AzerGold company, which is engaged in exploration, development and management of non-ferrous metal deposits, plans to produce almost 1.3 tons of gold and two tons of silver at the Chovdar mine in Azerbaijan’s Dashkasan district in 2017, according to the report on the activities of the Azerbaijani government for 2016. In the subsequent years,…Details
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Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has loaded the largest batch of coal in the company history. According to the terminal’s press center, 111,339 tons of coal delivered to the port in 1,560 wagons were loaded…Details
In January-February Ukraine exported 17.78 thousand tons of ferrous scrap valued at $3.655 million, up by 77.9% and by 70.7% YoY respectively. Scrap imports increased by 63.2% YoY, to 6.755 thousand tons, valued at $4.878 thousand, up 4.1-fold. Turkey (79.87%), Moldova (16.6%) and Russia (3.5%) were the main suppliers of scrap, with Turkey (92.97%), the…Details
In January-February Ukraine exported $1.346 billion worth of ferrous metals, up by 46.3% YoY. According to the State Fiscal Service, ferrous metals amounted to 21.48% in the total export as opposed to 19.48% in January-February 2016. In February ferrous metals export revenues reached $691.81 million. In January-February Ukraine imported $114.98 million ($60.53 million in February)…Details
Uralmashzavod will supply 1 thousand tons of back-up rolls for hot-rolling to ArcelorMittal Temirtau. According to the company statement, the rolls will be supplied in Q3-4. Uralmashzavod has finished the first stage of its roll manufacture modernization, which allows it to increase output and improve quality. (Ukrainian metal)Details
Armalit (Saint Petersburg) has put into operation the robotized welding complex on the basis of an industrial robot. The robot allowed the company to implement adaptive welding. With the robot put into operation the capacity of the company increased 2.5-fold. (Ukrainian metal)Details
Sberbank has opened a credit line of 1 billion rubles to Zagorsky Pipe Works. The money will be used to clear debts to the Insulation Pipe Works. According to the loan agreement, ZTZ has to clear the credit in 2018. At the same time Sberbank has restructured the ZTZ debt of 4.1 billion rubles. The…Details
The Khabarovsk region governor Vyacheslav Shport together with the new owners, representatives of Torex, visited Amurmetal. According to the company representatives, the situation at the works was stable, salary issues have been settled. In March the works plans to produce 12 thousand tons of steel from raw materials supplied by Torex. (Ukrainian metal)Details
In January-February Ukraine exported 347.6 thousand tons of steel-making pig iron, down by 10% YoY, following the increase of 50.6% in January. According to the State Fiscal Service, the value of the pig iron exported was $99.644 million, up by 56.5% YoY. Pig iron was mostly exported to USA (50.25%), Turkey (19.2%) and Italy (12.7%).…Details
On March 9, in spite of the strikes of coal miners in Lviv region, the coalmines of the region shipped 609 tons of coal. “The mines of state-run Lvivugol enterprise operated as usual in the past day. A total of nine trucks of coal were shipped,” director general of Lvivugol Andriy Diachenko said. According to…Details
Global rating agency Fitch has revised the outlook for the ratings of gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, to Positive from Stable, the agency said in a release. The company’s long-term issuer’s default rating has been affirmed at “BB-“. “The affirmation of the company’s ratings reflects operational and financial results in…Details
In the past several years the gold contents in the ore at Makmalzoloto have decreased 2-3-fold. The works could operate with what it has by the start of H2 2018 at best. The depth of ore has also increased – by almost 120 meters from the bottom of the quarry, resulting in the increase of…Details
According to the ex-director of the PR department of Naftogaz Ukrainy Valentin Zemlyansky, imported coal will cover only half of what is needed to prepare for the next heating season. It is expected that new contracts for the delivery of coal from SAR and Australia will be concluded, and the first batches will arrive in…Details