All five BRICS countries – Brazil, Russia, India, China and South Africa – have signed a memorandum of understanding on joint development of the Klyuchevskoye gold ore field in Zabaikalsky region. The agreement was signed by SUN Gold (India), China National Gold Group, Russia’s Far East Development Fund, Trans AFRICA Capital, and Brazilian investor Antonio…Details
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In September Dneprospetsstal produced 21.09 thousand tons of steel, up by 6.4% MoM, while rolled metal output totaled 13.33 thousand tons, down by 4.1% MoM. The total cost of metal produced reached 546,83 million UAH, down by 2.6% MoM. In January-September DSS produced 173.79 thousand tons of steel (down by 7.7% YoY) and 111.39 thousand…Details
The State Property Fund will try to sell again the estate of the Aluminum Foil Works. According to the Fund statement, the company owns no buildings and has no land in lease. On the other hand it has 85517 units of current assets. The initial price of the privatization object is 966.42 million UAH (1159.71…Details
Shareholders of the Zaporozhye Aluminum Works have replaced 2 of the 7 members of the supervisory board. According to the company statement, in particular, Alexei Arnautov and Yana Tikhonova have been dismissed with Vitaly Denisenko and Tatiana Kuzub appointed instead. Svetlana Bezverkhaya, Anastasia Mankovskaya, Natalia Pavliuk, Natalia Kharina and Irina Lepyavko have been reelected. The…Details
Nikopol Ferroalloy Plant has dismissed Sergey Bozhko from the office of deputy chairman, commercial director. According to the company statement, Bozhko resigned. He has been in the office since December 13, 2013 and owns no company shares. The office is still vacant. (Ukrainian metal)Details
In September Nikopol Ferroalloy Plant produced 59.8 thousand tons of silicomanganese, up by 12.2% MoM, or by 6.5 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, ferromanganese output dropped by 12.2% MoM, or by 0.6 thousand tons, to 4.3 thousand tons. In January-September the company produced 510.8 thousand tons of silicomanganese, up by…Details
In September Zaporozhye Ferro Alloys Plant produced 23.6 thousand tons of ferroalloys, down by 5.6% MoM, or by 1.4 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-September the company output totaled 208.4 thousand tons, down by 8.1% YoY, or by 18.3 thousand tons. (Ukrainian metal)Details
In September Ukraine produced 87.7 thousand tons of ferroalloys, up by 5.5% MoM, or by 4.6 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-September ferroalloy output totaled 692.6 thousand tons, up by 8.7% YoY, or by 60.3 thousand tons. (Ukrainian metal)Details
By 2017 Central Mining and Processing Works plans to have invested 14 million UAH into repairs of cargo truck engines. According to the company statement, this is 50% cheaper than buying new engines. “Under high competitiveness on the world market we are on a constant lookout for new reserves to decrease prime cost of our…Details
In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, intends to keep pellets output on the last year level, when it produced 11.66 million tons. “We expect pellets output to reach 11.2-11.3 million tons, though we hope it will be higher. But what is important for us is that 94% of them will…Details
In September Ukraine produced 159.1 thousand tons of manganese concentrate and sinter, up by 12% MoM, or by 17.3 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-September manganese concentrate and sinterpoutput decreased by 22.1% YoY, or by 239.5 thousand tons, to 844.2 thousand tons. (Ukrainian metal)Details
Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…Details
In Q3 Magnitogorsk Iron and Steel Works produced 3.17 million tons of steel, on the level of Q2. Steel smelting capacities were 88% loaded. Sales dropped by 4.7% to 2.86 million tons due to the sales increase within the group. VAT-products output decreased by 8.3% to 1.3 million tons. In January-September MMK produced 9.38 million…Details