The board of directors of PJSC «MMC «Norilsk Nickel», the leading global nickel and palladium producer, approved of the company’s budget for 2017. In 2016, the company successfully completed all scheduled key investment projects including the development of high-IRR brownfield mining projects in the Polar division, the ramp-up of Skalisty mine, active construction phase of…Details
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Russia’s palladium and palladium alloy output rose by 1.7% YoY and by 23.8% MoM in November, the Federal State Statistics Service said. Platinum and platinum alloy production decreased by 22.5% YoY but rose by 6.3% MoM. In January-November, palladium and palladium alloy production remained flat, while platinum and platinum alloy output fell by 2.6%. Previously,…Details
In November Ukraine produced 5686 thousand tons of iron ore and concentrate, down by 4.2% MoM, or by 249 thousand tons. In particular, iron ore output totaled 802 thousand tons, down by 2.6% MoM, or by 21 thousand tons, while that of concentrate dropped by 4.5% MoM, or by 228 thousand tons to 4884 thousand…Details
In January-October Russia exported 2.916 million tons of raw aluminum, up by 3.9% YoY. According to the Federal Customs Service, far foreign countries received 2.861 million tons of aluminum, up by 3.6% YoY, and CIS countries imported 55 thousand tons, up by 22.3%. In monetary terms aluminum exports dropped by 19.7% YoY, to $4.149 billion,…Details
According to Evraz Ukraine, iron ore mining was stopped at Evraz Sukhaya Balka in September. “We are carrying out repairs and other works to keep the mines in the working order. All the employees despite the halt continue receiving their wages in full”, the company corporate relations director Artem Matvienko said. It costs Evraz Ukraine…Details
The sintering shop of Magnitogorsk Iron and Steel Works produced the 700-millionth ton of sinter. MMK produced 100 million tons of sinter in 1961, reaching 200 million tons in 1969, 300 million tons in 1977 and 500 million tons in 1996. November 2007 saw the production of the 600-millionth tons of sinter. The first tons…Details
Stalkanat-Silur has reported a raider attack on its subsidiary in Khartsyzsk (Donetsk region). “We had to report the crime, the seizure of our assets and documents, including your record of service”, the company CEO Sergey Lavrinenko said in his video address to the employees. According to him, the unknown persons have arrested the works management,…Details
Interpipe intends to increase scrap imports in December 2016 – January 2017. “We continue increasing scrap imports from Moldova and Russia. We also think over other ways to decrease raw materials deficiency. In particular, we are analyzing HBI and even steel billet imports. We also hope that Ukrzaliznytsia starts selling its scrap, which we estimate…Details
Energomashspetsstal has concluded an agreement to supply a batch of billets to Iron Acciai Speciali s.r.l. in Q1 2017. According to the company statement, EMSS will produce and deliver 19 forged plates with the total weight of 476.7 tons. The billets will be used in automobile- and machine-building. EMSS will supply plates in January-March 2017.…Details