As of February 1 Magadan region mined 1317.4 kg of gold and 51.6 tons of silver. According to the regional ministry of natural resources, gold output grew by 41.5% YoY, or by 386.6 kg. At the same time silver mining decreased by 14.6%, or by 8.8 tons. The decrease has to do with the scheduled…Details
Sayanogorsk and Khakassk Aluminum Works of Rusal in 2017 produced 824 thousand tons of aluminum. Aluminum alloys output grew by 12% YoY, to 474 thousand tons. The increase in output was the result of a complex modernization work. “Aluminum alloys are products with high added value, thus the increase of their output is one of…Details
In 2017 Izhstal increased stainless steel output by 11% YoY. According to the company press-service, stainless steel manufacture reached 17.4 thousand tons. Over 35% of this was produced by the continuous casting machine. In 2016 its share was 20%. All in all the works mastered the manufacture of over 1.8 thousand steel grades, including 300…Details
PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…Details
RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…Details
In January Beloretsk Iron and Steel Works increased shipping of metal wares by 4% YoY, to 37.6 thousand tons. Welding wire for the manufacture of electrodes and low-carbon wire for ferroconcrete structures showed the most increase – by 64% and by 53% respectively. Wire nails sales grew by 48%. Welding alloyed wire sales increased by…Details
At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…Details
Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…Details
In 2017 DTEK decreased coal output by 11.3%, to 27.706 million tons. According to the company statement, the decrease has to do with the loss of control over mines on the non-controlled territory in March 2017. This resulted in anthracite output drop by 52.5%, to 4.791 million tons. At the same time gas-generating coal production…Details
Energomashspetsstal has received an order from Voestalpine Stahl GmbH. According to the agreement, EMSS will produce and supply two supporting rolls for the cold- and hot-rolling mills to Austria. The total weight of the rolls is 72.32 tons. The delivery of the rolls is scheduled for Q4. The companies have been cooperating since 2010. (Ukrainian…Details
According to the customs statistics, in 2017 Russia decreased ferrous metals exports by 2.2% YoY, to 42.4 million tons, valued at $18.76 billion, up by 33%. The share of metal exports to far foreign countries grew to 10.2% from 9.8%. Export volumes dropped by 2%, but increased by 28.8% money-wise. Aluminum exports decreased by 4.3%,…Details
In 2017 companies developing metallic deposits invested $235 million in the operation.
In the next 3 years some 3 billion drams more will be invested in the field.
Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)
The prospecting of copper ore deposits on the Novopetrovskoye field in the Republic of Bashkortostan is complete. According to the inspection, the deposits have the reserves of 387 thousand tons of R1 copper with the average content of 1.44%, 151 thousand tons of R2 copper (1.28%), 638 thousand tons of R1 zinc (2.37%) and 268…Details
The Bryansk region is carrying out its project to produce tungsten and molybdenum powder. The Unecha Works of Refractory Metals LLC intends in 4 years to start producing molybdenum fillets, artificial sheelite and tungsten oxide. The construction of the works in the region started in 2007. The first stage with the capacity of 500 tons…Details
The governor of the Volgograd region Andrei Bocharov and the new projects director of Rusal Alexei Arnautov discussed the development of Volgograd Aluminum Works. After almost 5 years of idleness the company is resuming the liquid aluminum manufacture. Rusal has repaired electrolysis shops and modernized machinery. So far some 1.5 thousand jobs for the local…Details
In January ore output of the open-pit at the Osenneye deposits of Gaysky Mining and Processing Works totaled 94.6 thousand tons with the target being 74 thousand tons. From underground the GOK mined 677 thousand tons of ore, up by 0.3% from the target. The factory processed 853690 tons of ore. Copper concentrate output was…Details
In January Almalyk Mining and Processing Works manufactured 100.2% of the target. Copper ore output was 100.9%, copper raw materials processing – 100.2%. Copper content in the concentrate was 101.4%. Last month the GOK produced 101.2% of cathode copper, including 100.1% of its own raw materials, and 75.3% of metallic zinc, including 100% of its…Details
MMK-Metiz is going to increase the size of the minimal salary.
As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.
The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)
The investment program of Olenegorsk Mining and Processing Works for 2018 will exceed 1 billion rubles, on the level of 3 previous years. According to the company statement, some 290 million rubles will be used to buy two new dump trucks and the front-end loader for the mining division. 114 million rubles will be spent…Details
An oil transformer with cables caught fire on the territory of the Zaporozhye Ferro Alloys Plant.
Some 28 firefighters and 7 units of special machinery were engaged in extinguishing the fire.
The fire appeared on the area of 25 square meters.
The reason of the fire is unknown as yet. (Ukrainian metal)
In January Ukraine exported 654.597 thousand tons of carbon steel semi-finished products, up by 11% YoY, valued at $289.516 million, up by 38.5%. According to the State Fiscal Service, Italy (30.37%), Turkey (24.71%) and Egypt (15.08%) were the main customers. Imports reached 1.997 thousand tons, up 6.2-fold YoY, valued at $1.151 million, up 7-fold. The…Details
In January Chukotka Autonomous District mined 1.755 tons of ore gold, down by 7.3% YoY. 5 companies mine for ore gold in the district: 2 of Kinross Gold, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunisty LLC. Alluvial gold season has not started yet – it is expected to commence in April-May. Silver output dropped us…Details
In 2017 Severstal Distribution increased sales by 13% YoY, to 1.75 million tons. The distribution network sold 16% of all steel produced by Severstal Russian Steel last year. Revenue exceeded $1 billion. Sales in Russia demonstrated the largest growth – by 18% YoY, to 890 thousand tons, with revenue preliminary at $515 million. Sales to…Details
Chelyabinsk Iron and Steel Works has finished a large-scale overhaul of the gas-purifying equipment in the oxygen-converter shop. The repair will improve the level of environment safety. The shop operates 3 converters and an arc furnace, which jointly produce over 3.9 million tons of steel per year, as well as 4 continuous casting machines with…Details
In 2018 Kuzbassrazrezugol intends to increase coal mining by 2.81% YoY, to 47.6 million tons. The company also plans to increase its exports share to 80%. Investments will remain on the level of 15 billion rubles. Last year Kuzbassrazrezugol increased coal output by 4.5% YoY, to 46.3 million tons, including 6.2 million tons of coking…Details
Magnitogorsk Iron and Steel Works (MMK) has been one of the winners at the Russian Business Leaders: Dynamics and Responsibility competition, which is held every year by the Russian Union of Industrialists and Entrepreneurs (RSPP). The company secured a victory in the category “Development of Human Resources”. The awards ceremony took place in Moscow on…Details