For the past three years Ferrexpo has decreased its pellets supplies to China from 25% to 13%. “We started with 25% sales to China, but once we improved the quality of our pellets, we started selling more to the Western Europe and the North-Eastern Asia”, the investors and communications director Ingrid McMahon reported. According to…Details
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Anglo Asian Mining PLC reported decrease in its gold, silver and copper mining. In Q3 it mined 16.497 thousand ounces of gold at its Gedabek mine (with the forecast of 18.500 thousand ounces) as opposed to 19.375 thousand ounces in Q2 and 18.200 in Q3 2015. This year the company plans to produce 69-71 thousand…Details
In January-September Yakutugol, a part of Mechel, mined 7.5 million tons of coal, up by 11% YoY. All the group companies have demonstrated increase in output. In particular, Neryugrinsky open-pit coal mine yielded 7 million tons of coal, up by 11% YoY. Kangalassky open-pit mine yielded 145 thousand tons of coal, up by 16%. Jebariki-Khaya…Details
In Q3 the Pipe Metallurgical Company (TMK) sold 822 thousand tons of steel seamless pipes, down by 7.7% QoQ, with 2.5 million tons sold in January-September, down by 12% YoY. Welded pipes saw the main sales drop – by 31.6% QoQ, to 208 thousand tons. Seamless pipes sales, on the other hand, went up by…Details
Novatek-Chelyabinsk has filed a claim to the Arbitrary Court of Chelyabinsk region to recover 430.2 million rubles of gas debts from Chelyabinsk Iron and Steel Works, a part of Mechel. This is not the first time that Mechel is sued for gas debts: on August 16, Novatek also claimed 431.9 million rubles of gas debts.…Details
In January-September Chukotka mined 22.45 tons of gold, down by 11.52% YoY, while silver output went up by 8.7% YoY, to 125.04 tons. According to the department of industrial policy, construction and housing of the Chukotka Autonomous District, mining companies yielded 20.42 tons of gold, down by 12.3% YoY, while gravel deposits mining dropped by…Details
Since 2010 the efficiency of the state-owned sea trade port Yuzhny increased two-fold thanks to the cargo of Ukrainian metal companies. “Our taxes have increased from 482 million UAH in 2010 to 960 million UAH in 2015”, the port director Alexander Lagosha explained. And the main reason for the payments increase was the stable loading…Details
NLMK Group, an international steel producer with operations in Russia, the US and European countries, has been honored at the prestigious Cannes Corporate Media & TV Awards 2016 international festival for the first time in its history. At the Awards Ceremony that took place on October 14, NLMK received a Silver Dolphin in the Integrated Communications nomination for its #teamNLMK communication…Details
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
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