The British Orsu Metals, developing the Sergeyevskiy gold ore deposit in Zabaikalskiy region, has backed out of buying the Rudnik Aleksandrovskiy, which develops a deposit with the same name in the region. The companies earlier had a deal to sell the Aleksandrovskiy Mining and Processing Works. Moreover, the Sergeyevskoye ore was even processed at the…Details
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In January-April, Ukraine exported 6.56 million tons of ferrous metals valued at $6.56 million, up by 4.1% and by 38.6% YoY respectively. Scrap exports amounted to 87 thousand tons, pig iron – 954.3 thousand tons (-0.6%) and semi-finished products (square billets, slabs, etc.) – 2576 thousand tons (+0.5%). Semi-finished products accounted for 39.3% of exports,…Details
In April, Zaporizhstal produced 362.4 thousand tons of pig iron, up by 30.6% YoY. Steel output grew by 49.4%, to 334.4 thousand tons, and rolled metal – by 27.6%, to 281.9 thousand tons. The growth is due to capital repairs of blast furnaces Nos. 2 and 5, carried out in April 2020. In January-April, the…Details
This year the Okhotskaya Mining and Geological Company has started mining ore at the Kundumi deposit in Khabarovsk region. In January-March, the company extracted 103.8 thousand tons of ore. Gold content is estimated at 1.09 tons and silver – 1.2 tons. The deposit will become a resource base for the Khakanjinskiy Mining and Processing Works.…Details
In January-April, Ukraine increased steel output by 7.2% YoY, to 7.14 million tons. Manufacture of pig iron grew by 9.1%, to 7.08 million tons, and rolled metal – by 7.4%, to 6.41 million tons. Last year, Ukraine produced 20.549 million tons of steel, down by 1.4%, 18.344 million tons of rolled metal, up by 0.7%,…Details
In 2020, Interpipe NTZ decreased its consolidated net income by 35.2% YoY, to 9.471 billion UAH. Consolidated net profit dropped 155.5-fold, to 3.562 billion UAH. Undistributed profit amounted to 3.8 billion UAH. Last year, the company produced 94.136 thousand tons of seamless steel hot-deformed pipes, 171.51 thousand tons of solid railroad wheels and 30.628 thousand…Details
In 2020, Kurilgeo LLC produced 1.184 tons of gold, up by 7.1% YoY. The increase was due to the growth of ore extraction by 5.5%, to 728 thousand tons, and the gold content increase of 32.5%. Silver output decreased by 34%, to 2.767 thousand tons. Last year, the company invested 36.9 million rubles in the…Details
In 2020, Dneprometiz decreased net income by 7.6% YoY, to 1.227 billion UAH. Net loss amounted to 33.968 million UAH as opposed to a net profit of 25.279 million UAH in 2019. Undistributed profit totaled 60.286 million UAH. Accounts receivable dropped by 3.5%, to 147.148 million UAH, while fixed liabilities grew by 22.6%, to 199.633…Details
Energomashspetsstal has finished repairing a hydraulic press of the forging complex in the press-forging shop. Investments in the project amounted to 2.5 million UAH. The repair included the replacement of the old press management system. The work was carried out by the EMSS and Ukrmegastroy LLC specialists. (Ukrainian metal)Details
In January-March, KAZ Minerals decreased copper output by 3% YoY, to 72.4 thousand tons. The company intends to produce 275-295 thousand tons of copper this year. Gold manufacture decreased by 28%, to 39.9 thousand ounces, and silver – from 793 thousand ounces to 763 thousand ounces, while zinc grew from 9 thousand tons to 9.6…Details
Employees of ArcelorMittal Kriviy Rih have organized a strike demanding increase in salary and improvement of labor conditions. In particular, they want their wages to be increased by 30%. If the management does not agree with them, they could resort to more radical actions, for example an Italian strike. Earlier, AMKR reported that from May…Details
Verkhovna Rada, the Ukrainian Parliament, has decided to extend the current scrap export duty of 58 euros per ton for 5 more years. The decision was supported by 291 members. The extension of the duty will help save 21.5 thousand jobs and create 3.5 thousand new jobs, decrease CO2 emission and help increase GDP by…Details