Russia: Polyus gold output up in H1 2017

In January-June Polyus increased gold output by 12%, to 938 thousand ounces (29.17 tons), mostly thanks to the growth of manufacture at Olimpiada and Verninskoye deposits. Gold sales increased by 17%, to 983 thousand ounces, including 71 thousand ounces in concentrate from Olimpiada. Sales revenue reached $1.217 billion, up by 14%, at the average price…

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Kazakhstan: AMT fined for 36 million tenge

ArcelorMittal Temirtau has ordered the services of mining coal and loading it into railroad cars, but has not paid the contractor over 36 million tenge.

The company filed a complaint and the court ordered AMT to fulfill its contract obligations. (Ukrainian metal)

Russia: Onexim sells 7% in RUSAL

Russian billionaire Mikhail Prokhorov’s Onexim Group is selling a 7% stake in aluminum giant UC RUSAL to a company affiliated with Sual Partners of Viktor Vekselberg and Leonard Blavatnik for $503.9 million, RUSAL said in a statement on August 11. At present, Onexim holds 13.7% in RUSAL and Sual Partners has a 15.8% stake. As…

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Kazakhstan: copper mining works to be put into operation in 2017

GRK MLD LLC intends to put its copper concentrate and cathode mining and processing works in the East-Kazakhstan region into operation this year.

According to the regional department of entrepreneurship and industrial-innovative development, investments into the project total 17.4 billion tenge. The works capacity will be 750 thousand tons of ore per year. (Ukrainian metal)

Russia: Krasniy Oktyabr constructing new processing line

The Volgograd Iron and Steel Works “Krasniy Oktyabr” is carrying out modernization of the manufacturing capacities at its rolled metal finishing shop. According to the company statement, a new metal processing line is being constructed there. The foundation for the PL-250 centerless turning machine and RL-250 two-roll straightener has been complete. The foundation will be…

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Ukraine: EMSS ships 170 tons of rolls to Azovstal

Energomashspetsstal has produced and shipped another batch of rolls to Azovstal Iron and Steel Works.

The rolls will be used in bar rolling.

According to the contract, signed in April, EMSS has produced 24 working rolls for hot-rolling with the weight of 6-16 tons. The total weight of the batch is 170.72 tons. (Ukrainian metal)

Russia: Severstal reports of illegal use of brand

Severstal has learned of a fake electronic address: [email protected]

This address sends out commercial offers to buy rolled metal at prices lower than current Severstal Distribution prices.

The company also reports of the phone calls with the same content.

At present Severstal is trying to terminate the illegal use of its trademark. (Ukrainian metal)

Russia: Mechel-Service supplies rebars for navy base construction

Mechel-Service has supplied 500 tons of rebars for the construction and modernization of the Novorossiysk military-navy base.

According to the company statement, the rebars for the new base have been manufactured at Chelyabinsk Iron and Steel Works. (Ukrainian metal)