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In 2016 refined gold production at Nord Gold totaled 868.8 thousand gold equivalent ounces, in line with the full year production guidance range of 840-880 thousand ounces. Doré production was 870.4 thousand ounces, down by 6% YoY (924.1 thousand ounces), mainly due to the discontinuation of production at Aprelkovo, and limited access in H2 2016…
DetailsPrices of industrial manufacturers in December 2016 increased by 0.6%, according to Rosstat. In 2016 prices went up by 7.4% YoY. Metal companies demonstrated the highest increase in prices – by 3.6% in December, or by 18.1% in 2016. (Ukrainian metal)
DetailsIn 2016 the Cherepovets Iron and Steel Works carried out around 140 capital repairs of machinery. Investments into the project totaled 17 billion rubles. According to Severstal Russian steel repairs division director Sergey Dobrodey, the program presupposed basic repairs, as well as energy efficiency, safety and product quality improvement. 4 blast furnaces, 2 sintering machines,…
DetailsSoyedinitelniye Otvody Truboprovodov, a part of ChTPZ, has produced a trial batch of seamless offsets with 820 mm diameter and 12 mm wall thickness. The new product could be used with pipelines of various purposes at the temperature ranging from minus 70 degrees C to plus 450 C. Large diameter offsets have been made of…
DetailsZaporizhstal has completed half of all the works at the blast furnace No. 3 reconstruction. “The equator has been passed. All the disassembly has been finished, the foundation is ready. We have already assembled the first block of the new BF weighing 240 tons. With just one sweep of the crane!” the company CEO Rostislav…
DetailsThe Board of Directors of PJSC MMC Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy Project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group, on the terms defined below. As a basis for this transaction, the project is being…
DetailsRussian oil and gas pipe maker TMK raised pipeline prices on the U.S. market by 15%, the first time since early 2015, in the wake of a market recovery in late 2016, CEO of the company’s U.S.-based subsidiary TMK IPSCO Pyotr Golitsyn said. “The markets are restoring rapidly. We have been raising supplies every month…
DetailsRussia’s palladium and palladium alloy output rose by 4.4% YoY in 2016, the Federal State Statistics Service said. Platinum and platinum alloy production increased by 3.3% YoY, while production of gold-bearing ore and concentrates rose by 2.6%. But production of silver ore and concentrates went down by 13.6%. In December 2016 palladium and palladium alloy…
DetailsIn 2017 Electrozinc intends to take actions aimed at improving efficiency, competitiveness and labor safety. According to the company CEO Igor Khodyko, February will see the start of construction of the absorber in the sulfuric acid shop, which will be put into operation in October. The new power substation purchase is being negotiated. The output…
DetailsIn 2016 Severstal Balakovo Bar Works, a part of Severstal Russian Steel, produced 722 thousand tons of steel, up by 20% YoY. The company also produced 660 thousand tons of bars, up by 17% YoY. Last year consumers received 702 thousand tons of bars. This year the output is expected on the same level. In…
DetailsIn 2016 Holding Cable Alliance (uniting cable assets of the UMMC) processed 37.5 thousand tons of copper, up by 12% YoY. The increase was caused by the major modernization of industrial sites and the expansion of the product range. 2016 saw new machinery assembled at all HCA companies. Thanks to this they were able to…
DetailsIn 2016 Korshunovsky Mining and Processing Works, a part of Mechel, mined 8.2 million tons of ore, up by 4% YoY. Iron ore concentrate output remained almost flat YoY at 2.7 million tons. All the products were sold on the local market, with 98% of the iron ore concentrate supplied to Chelyabinsk Iron and Steel…
DetailsThe existing system of railroad car division under Ukrzaliznytsia negatively affects the Ukrainian economy and has considerable corruption risks, Metallurgprom president Alexander Kalenkov wrote in his letter to the Prime Minister of Ukraine Vladimir Groysman. “Because of the lack of open wagons in Q4 2016 mining companies undersupplied for export up to 10% of the…
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