Swiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…Details
The protesters have burned down the laboratory, warehouses and office building on the territory of the Chinese company GL Makmal Developing, the management of the enterprise reported. According to them, the residents of Toguz-Toro district stay on the territory of the company, while the employees were evacuated. “We are not aware of the demands of…Details
Despite several years of military activity, the city of Melitopol, situated not far from the war zone, is developing machine-building. Soon the TurboCom group of companies will open a new manufacturing complex EcoPromLit. The company will produce cast iron according to gasifiable pattern molding. With the help of this method some 30% of castings are…Details
The Russia-supported terrorist-seized Alchevsk Iron and Steel Works is trying to start producing steel. “This is very important, as, in addition to pig iron, we will be producing steel”, said Sergey Kozlov, the chairman of the so-called Cabinet of Ministers of Lugansk People’s Republic, the terrorist organization created and supported by Russia. All the tests…Details
In early 2018 Chinese TBEA received the license to start developing the Verkhniy Kumarg deposits. In 2013 the company obtained a license to work at the Duoba deposits. Both deposits are situated in Sogdiy region. According to sources, the company has the right to develop the deposits until it reimburses all the funds spent to…Details
In 2018 Belarus Iron and Steel Works intends to supply $240 million worth of metal to Ukrainian market. “That’s around 300 thousand tons. Our plans are ambitious, but we have a certain strategy of work on that market, and we expect a 10-20% growth per year in mid-term”, the company marketing specialist Tatiana Vaskevich declared.…Details
In 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…Details
Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region.
The prospecting will last for 3 years, from Q2 2018 till Q4 2020.
The total size of the territory is 270 square km. (Ukrainian metal)
For three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…Details
In January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…Details
Rusal has implied an emergency plan and asks its customers to pay in euros, not dollars, thus trying to avoid US sanctions. “The company has started a protection plan, just like Iran”, a source reported. Some years ago Iran used gold, oil and Japanese yen to pay for goods. Several Rusal clients have already started…Details
Residents of Toguz-Toro district of Jalal-Abad region hold a rally and set a gold-processing plant under construction on fire. About 3,000 people took part in the protest. “The main requirement of the local residents is to close the plant as it is harmful to the environment. At the moment, other people are joining the protest,»…Details
In 2017 Ukraine imported 2.66 million tons of anthracite from Russia, or 78.6% of the total imports. According to the state enterprise Gosvneshinform, imports totaled 3.38 million tons, up 3-fold YoY. “99.5% of all coal from Russia was imported via middlemen. Average price was $99.3 per ton. Directly Russia supplied only 12.1 thousand tons with…Details
Yenakievo Iron and Steel Works, situated on Ukraine-uncontrolled lands, saw a fire on April 6 in the converter shop. According to the so-called Emergency Ministry of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, the fire has destroyed computer monitors, cables on the size of 50 square meters, and some equipment.…Details
The bar shop of MMK has produced the 20-millionth ton of bars. In 2005-2006 three Danieli mills with the combined capacity of over 2 million tons of bars per year were put into operation. The 450-mill with the capacity of 790 thousand tons per year produces angles, channel, rods and strips. The 370-mill with the…Details
In Q1 Raspadskaya increased coal output by 372 thousand tons YoY, to 2 million tons. According to the company statement, last year its net profits amounted to $319 million, up 1.7-fold YoY. Revenue grew 1.7-fold, to $868 million, and gross profit – 2.2-fold, to $459 million. Raspadskaya unites 3 mines, one coal pit, a processing…Details
PJSC ArcelorMittal Kriviy Rih concluded the contract through financial leasing for the supply of 211 open wagons. The contract for 239 wagons more will be the next step. Earlier this year the company has received 50 new wagons. Hence, this year the company is to purchase and operate 500 wagons to transport its products and…Details
Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10.
Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)
Index provider FTSE Russell will remove stocks of the Russian aluminum giant UC RUSAL and En+ Group from its indices from April 13 due to the companies being blacklisted by the U.S., it said in a statement on April 11. The London Metal Exchange (LME) said it would suspend trading in RUSAL’s metals from April…Details
In 2017 Kraszvetmet received some 500 million rubles of net profit, up by 12% YoY. Revenue grew by 10%, to 21 billion rubles. Export revenue totaled by 40%, as the products were shipped to over 20 countries. Last year the company produced 3.3 tons of catalyst systems for nitrogen industry (+19%) and 2.7 tons of…Details
In January-February metal prices of industrial products increased by 2.5% YoY. In particular, in processing industry prices increased by 3.1%, and in mining – by 2% Coal prices grew by 6.2%, ore – by 3%, ferroalloys – by 16.2%, zinc – by 4.3%, ferrous rolled metal – by 4.1%, and lead – by 1%. At…Details
The Sayanogorsk Aluminum Smelter of the Russian aluminum giant UC RUSAL has slashed its power loading by 410 megawatts (MW) to 600 MW without warning, and is carrying out emergency maintenance works, the Energy Ministry’s emergency research center said in a statement on April 10. The Sayanogorsk Aluminum Smelter is RUSAL’s third largest producer of…Details
In Q1 Amur Zoloto LLC produced 174.7 kg of gold.
In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposits processed 25.3 thousand tons of ore. The output totaled 173.4 kg of gold and 109.9 kg of silver.
In May the company will start working at the alluvial sites. (Ukrainian metal)
Buryatzoloto, the largest gold-extracting company in the Republic of Buryatia, intends to increase gold reserves at its Irokinda and Kholbinsky mines in 2018 by 4.2 tons. As of early 2018 the company balanced reserves amount to 18.7 tons. To increase the reserves, this year the company will have to drill 112 km of shafts, investing…Details
Yanolovo will start developing the Tirekhtyakhskoye tin deposits in 2019 with the support from a Chinese investor. Investments in the project are estimated at 4 billion rubles. The project will cover Russia’s domestic needs in tin. At present Russia buys tin from China, but its reserves are running low. Thus, in future some Russian tin…Details
Evraz NTMK has put into operation the new blast furnace No. 7. The volume of the furnace is 2200 cubic meters, and the project capacity – 2.5 million tons of pig iron per year. The blast furnace, one of the largest investment projects lately, has been constructed in just 18 months. This is the cleanest…Details