As of March 1, Magadan region obtained 2516 kg of gold, up by 18% YoY. At present only ore gold is mined. Alluvial season will start in May. Silver output so far has totaled 101.2 tons, down by 13.7% YoY. The decrease, seen since last year, has to do with the scheduled drop in output…
DetailsThe auction for the sale of the insolvent KVV Liepajas metalurgs rolling mill equipment was concluded with the victory of Austrian Smart Stahl GmbH, as confirmed by insolvency administrator Guntars Koris. The Austrian company won the auction with its price of EUR 1.57 million (without VAT) or EUR 1.9 million (with VAT). Koris says that…
DetailsIn January-February Russia produced 636 thousand tons of steel structures, down by 14% YoY.
According to the Federal Service of State Statistics, in February output increased by 10.4% MoM.
Aluminum structures manufacture dropped by 12.8%, to 8 thousand tons. (Ukrainian metal)
In January-February Russia increased rolled metal output by 3.3% YoY, to 10 million tons. In February output dropped by 6.9% MoM, but grew by 2.3% YoY. According to the Federal Service of State Statistics, pig iron manufacture totaled 8.6 million tons, up by 1.7% YoY, with February results up by 1.1% YoY, but down by…
DetailsIn 2017 Zaporizhstal decreased profits by 15.4% YoY, to $170 million (4.5 billion UAH). According to Metinvest, the company revenue increased by 34.4%, to $1.775 billion, while EBITDA dropped by 18.2%, to $135 million. Metinvest owns 49.9% of Zaporizhstal, 24% of Zaporozhye Iron Ore Complex, 42.8% of Zaporozhkoks and 49.2% of Zaporozhogneupor. At the same…
DetailsMetinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…
DetailsIn January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…
DetailsThe illegally nationalized Kerch Iron and Steel Works needs employees.
According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc.
The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)
Severstal has bought out all the remaining eurobonds with maturity in 2018. According to the group statement, it has paid $548.62 million for them. “Thus, our obligations to the bond holders have been completely fulfilled”, the company said. Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate…
DetailsKara-Balta mining plant may start working in the near future, the Mining and Metallurgical Trade Union reported. According to it, the management of the plant agreed with Canadian investors on cooperation in the development of uranium deposits Tash-Bulak and Kyzyl-Ompul. Thanks to this, it will be possible to significantly increase production volumes and reach profits.…
DetailsOn March 19 the state enterprise Lvivugol cleared the salary debt for January to its employees. According to a company representative, it has received a tranche of 15 million UAH from the state company Ugol Ukrainy, which allowed it to completely pay out the debt. Lvivugol will also be able to pay 12% of the…
DetailsThe Ukrainian Prime Minister Vladimir Groysman has sent a letter to the US government asking it to remove Ukrainian metal products from 25% duty sanctions. On March 8 Donald Trump announced the imposition of a 25% duty on metal from all countries, except for Canada and Mexico, to protect the local market. In 2015 Ukraine…
DetailsEnergomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China).
According to the company statement, the first roll will be supplied in October, and the second – in February 2019.
The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)
In 2017 Chasov Yar Refractory Works decreased net profit by 25.8% YoY, or by 9.8 million UAH, to 28.26 million UAH. The company assets as of late 2017 totaled 314.68 million UAH, current liabilities – 19.616 million UAH, fixed liabilities – 14.809 million UAH and consolidated accounts receivable – 33.882 million UAH. In 2016 the…
DetailsNLMK Group, an international steelmaking company, spent over 5.7 billion rubles on environmental projects and initiatives in 2017. Whilst steel output grew by 2% YoY in 2017, specific emissions at NLMK Group’s Russian companies decreased by 1.5%, to 20.5 kg per ton of steel, water consumption decreased by 8%, and the recycling rate was 86.9%.…
DetailsIn February Kazakshtan produced 0.355 million tons of steel, down by 6.6% MoM, but up by 9.2% YoY. In 2 months steel output grew by 5.8%, to 0.736 million tons. Ferroalloys manufacture in February reached 0.154 million tons, up by 4.2% YoY, but down by 9.9% MoM. In January-February ferroalloys output increased by 3.2% YoY,…
DetailsThe cost of gold increased by 1.59 manats to 2229.856 manats per troy ounce in Azerbaijan on March 19, according to the data published by the Central Bank. The cost of silver decreased by 0.25%, to 27.6662 manats per ounce, the cost of platinum decreased by almost 20.48%, to 1605.361 manats and the cost of…
DetailsIn 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…
DetailsIn January-February Severniy Mining and Processing Works increased pellets output by 1.6% YoY, to 1.431 million tons. Concentrate output grew by 12.8%, to 1.924 million tons. In February the company produced 595 thousand tons of pellets and 894 thousand tons of concentrate. In 2017 SevGOK decreased pellets output by 16.5% YoY, to 7.420 million tons,…
DetailsIn 2017 MMK supplied 980 thousand tons of galvanized rolled metal to the domestic market, as well as 310 thousand tons of polymer-coated metal. According to the company statement, its share in the galvanized metal consumption reached 31%, and in polymer-coated metal – 15%. Exports of galvanized metal to far foreign countries last year totaled…
DetailsThe state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…
DetailsIn January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY.
According to the State Statistics Committee, in February gold output totaled 608.3 kg.
Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY.
Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…
DetailsSeverniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…
DetailsAs a result of a cave-in at the Gaysky GOK mine two miners were damaged.
This is the third accident at the enterprise in a month.
The employees are in the emergency clinic.
The regional union promised to help. (Ukrainian metal)
The Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…
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