Azovstal Iron and Steel Works has finished the scheduled repair of the rolling mill-3600. The repair lasted for 10 days. The work has been carried out by Metinvest-Promservice and subcontracting companies. The cost of the repair was 100 million UAH. Now the company intends to repair the continuous casting machine No. 5 in the converter…Details
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A grant of EUR 5.7 million will be allocated to Kyrgyzstan for reclamation of two uranium tailings, the Information Support Department of the Cabinet of Ministers has reported. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov took part in the 4th meeting of the Donor Assembly of Environmental Remediation Account for Central Asia, held…Details
In August Russia exported 2.2 thousand tons of aluminum foil, down by 9% MoM and by 45.2% YoY. Deliveries to US and Belarus fell by 12% and by 11%, to 1.6 thousand tons and 253 tons respectively. In 8 months exports totaled 22 thousand tons, up by 38.4% YoY. In monetary terms since the start…Details
In August Russia imported 631.2 tons of non-refined copper, up by 59.6% MoM and 10-fold YoY. Kazakhstan increased deliveries from 395.5 tons to 630.9 tons. In 8 months imports totaled 1.9 thousand tons, up by 12.8% YoY. In monetary terms since the start of the year the imports have increased by 30%. Import price in…Details
Last week, the price of one ounce of gold increased by over 17.6 manats ($10.3) or by 0.7%. Accordingly, the average price of one ounce of gold stood at 2,485 manats ($1,462). The price of one ounce of silver grew by 0.1275 manats ($0.075) or by 0.44%, to 28.7 manats ($16.9). The price of one…Details
In July-September Volgograd Aluminum Works produced 17.7 thousand tons of aluminum, up by 2.9% QoQ. In 9 months output totaled 52.1 thousand tons, up by 11.6%. The manufacture of anode blocks grew by 8.7%, to 26.2 thousand tons in Q3, and by 171%, to 78.6 thousand tons in 9 months. (Ukrainian metal)Details
The interregional department of the Russian Environment Control Service in Nizhniy Novgorod region and the Republic of Mordovia has filed a suit against Vyksa Iron and Steel Works. The service demands the payment of 7.5 million rubles. According to the company, the details the suit are still unknown to it. (Ukrainian metal)Details
In January-October Priisk Solovievskiy LLC extracted 2960.4 kg of gold, up from 2939 kg last year. In particular, the company extracted 1827.6 kg of gold from the alluvial sites in Amur region, down by 0.7%. Ore gold accounted for 826.4 kg, down by 2.4%. In Zabaikalye region, the company Zabaikalsky quarry operates, having mined 306.3…Details
In January-September VSMPO-Avisma received 64,983 million rubles of revenue, up by 8% YoY. Net profit grew by 18%, to 16,863 million rubles. The currency exchange rate influenced the increase of the net profit the most, since the rate had decreased by 7%. (Ukrainian metal)Details
In January-October Zabaikalye Railroad transported 172 thousand tons of containers, up by 33.7% YoY. In particular, domestic transportation accounted for 47.2 thousand TEU (+14.4%), transit – 43.5 thousand TEU (+46.7%), export – 2.9 thousand containers (-23.9%) and import – 78.3 thousand TEU (+45.4%). The railroad transported 22.9 thousand TEU of metal wares (+44.1%), 8.8 thousand…Details
In January-October Chukotka extracted over 20 tons of gold. Two new gold-bearing deposits – Klen and Kekura – will soon be commissioned. Chukotka Mining and Geological Company was the leader among 5 gold-extracting companies of the region. This year the Kupol deposit yielded over 9 tons of gold, up by a ton YoY. 80 tons…Details
Magnitogorsk Iron and Steel Works (MMK) expects its steel product output growth at 2-3% in 2020, Director for Economy Andrei Yeryomin announced during an investor day. He said that production could decrease in January–June 2020 due to seasonal factors and repairs on the hot rolling mill. Yeryomin also said that MMK could improve the outlook…Details
Pravourminskoye LLC, a part of Rusolovo, in January-September received 86.9 million rubles of net profit, up by 69% YoY. Revenue grew by 52%, to 1.06 billion rubles, due to tin sales. Gross profit increased by 16%. As of September 30 the company has increased investments in prospecting almost 10-fold, to 4.89 million rubles. (Ukrainian metal)Details
NLMK-Ural in Nizhniye Sergi has commissioned a new power complex to provide the works with electrical and heating energy. With the help of the new complex electricity purchases will decrease 2-fold, the company will be completely provided with heating, and greenhouses gases emission will drop by 4 thousand tons per year. The complex has become…Details
Implementation of Magnitogorsk Iron and Steel Works’ (MMK) investment strategy from 2015-2025 should add $686 million to the company’s EBITDA per year. This was announced by MMK’s top management team at the company’s Capital Markets Day held in London on November 15. At the event, MMK’s Chairman of the Board of Directors Viсtor Rashnikov, CEO…Details
Average retail coal prices grew by 126.38 soms per ton, or by 2.8% in the first two weeks of November compared to the October prices. The National Statistical Committee presented such data. The maximum average coal prices were registered in Kara-Suu (8,485.28 soms), Batken (7,455.29 soms) and Nookat (7,286.61 soms) cities. At the same time,…Details
Ferrexpo mining company with assets in Ukraine has appointed Roman Polivoda the acting financial director. The appointment follows the resignation of Konstantin Zhevaho from the office of the CEO and the appointment of the financial director Chris Mawe instead. Polivoda, a citizen of Ukraine, joined Ferrexpo in 2008 as an accountant. Because of the temporary…Details