Prices of precious metals decreased in Azerbaijan on November 12, according to the data published by the Central Bank. The price of gold dropped by 24.191 manats, to 2,055.9035 manats per ounce on November 12 compared to the price on November 8. The price of silver fell by 0.59 manats, to 24.1205 manats per ounce.…
DetailsThe gold output at the Verninskoye deposits, developed by Polyus Verninskoye, in Irkutsk region in Q3 grew by 12% QoQ, to 1.856 tons. Ore mining increased by 2%, to 755 thousand tons, while gold contents remained unchanged at 2.6 g per ton. Gold output also grew by 2% YoY. In January-September gold extraction at the…
DetailsShareholders of Interpipe Novomoskovsk Pipe Works intend to turn the enterprise from public joint stock company into a private one. The issue will be discussed at the extraordinary meeting scheduled for December 14. The shareholders also want to renew the statutory documents, as well as documents on the general meeting, supervisory board, revision commission, etc.…
DetailsIn January-October Ukraine decreased ferrous metals scrap exports by 18.5% YoY, to 316.196 thousand tons, valued at $102.5 million, up by 11.3%. According to the customs statistics, presented by the State Fiscal Service, in October Ukraine exported 8.274 thousand tons of scrap, in September – 7.59 thousand tons, in August – 19.05 thousand tons, in…
DetailsInterpipe is preparing to start mass deliveries of railroad tyres to the CIS countries. For the past several years the main sales market was Ukraine. In particular, the main buyer was Ukrzaliznytsia (Ukrainian Railways). In 2017 Interpripe supplied over 2700 tons of tyres to the Ukrainian market, and in January-September – some 2300 tons. But…
DetailsIn October Dneprospetsstal increased steel output by 13.6% MoM, to 21.968 thousand tons.
According to the company statement, rolled metal output dropped by 3%, to 12.837 thousand tons.
In January-October steel manufacture grew by 2.4%, to 210.120 thousand tons, while rolled metal output fell by 2%, to 138.425 thousand tons. (Ukrainian metal)
In 2019 DTEK Energo intends to increase gas coal output by 2.04% YoY, to 25 million tons. According to the CEO Dmitriy Sakharuk, because of the increase of capacity at DTEK Pavlogradugol and the commissioning of additional sites at DTEK Dobropolyeugol, the output has already been increased by 1.7 million tons. In January-September DTEK Energo…
DetailsIn October Yuzhniy Mining and Processing Works decreased concentrate output by 2% YoY, to 1.092 million tons. Sinter output grew by 9.4%, to 184.1 thousand tons. In January-October UGOK produced 10204.9 thousand tons of concentrate, up by 0.8% YoY, and 1407.7 thousand tons of sinter, down by 9.8%. In 2017 UGOK produced 12269.8 thousand tons…
DetailsThe Energy and Coal Industry Ministry impeded the process of creating the National Coal Company, according to Prime Minister Volodymyr Groysman. “At the previous meeting we decided to allocate UAH 500 million for coal mines and to establish the National Coal Company. Now the process of its creation starts. The ministry had hampered this process…
DetailsAvtoKrAZ and Everlast have produced a truck tanker for ArcelorMittal Kriviy Rih.
The tanker is used to transport and temporarily store coke gas concentrate.
The volume of the tank is 10 cubic meters.
This is the first time that AMKR has ordered machinery from AvtoKrAZ. (Ukrainian metal)
In October deliveries of scrap to the major metal and pipe plants via railroad totaled 1.54 million tons.
According to the railroad statistics, this is up by 3.8% YoY.
In January-October scrap deliveries grew by 4.3% YoY, to 11.78 million tons. (Ukrainian metal)
In October railroad deliveries of rolled steel and pipes from the major metal companies to the Russian customers and for exports decreased by 5% YoY, to 4.96 million tons. Sales to the local market dropped by 6.2%, to 2.94 million tons, and exports – by 3.3%, to 2.02 million tons. In January-October metal sales via…
DetailsIn October railroad transportation of ferrous metals in Russia totaled 6.1 million tons, down by 1.1% YoY. Deliveries to the domestic market reached 3.53 million tons, down by 0.6%. Exports grew by 1.2%, to 2.18 million tons, while imports dropped by 17.8%, to 317.6 thousand tons. In January-October ferrous metals railroad transportation increased by 8.1%…
DetailsIn January-September Nordgold produced 675.9 thousand ounces of gold, down by 6% YoY. Gold sales earned the company $857.9 million, down by 5%. EBITDA dropped by 9%, to $345.5 million. Net profit decreased by 4%, to $109.2 million. The company has cut its 2018 output forecast from 950-1000 thousand ounces to 900-950 thousand ounces of…
Details300 million UAH, provided to the coal industry by the Cabinet of Ministers on October 24, were transferred to the accounts of the coalmining enterprises. The miners have already started receiving their salary. At the same time, this will only cover a part of the salary debts. For example, Lisichanskugol mines received 62 million UAH,…
DetailsIn January-October Kazakh manufacturers increased prices by 16.4% YoY. The largest growth was witnessed in the mining industry – by 24.6%. In particular, coal prices grew by 10%, and metal ore – by 2.8%, In metal industry ferroalloys increased in price by 19%, and rolled ferrous metals by 18.2%. At the same time lead became…
DetailsIn January-September Polyus received $2141 million of revenue, up by 8% YoY. Corrected net profit grew by 34%, to $1035 million. Capital expenditures went up by 4%, to $547 million. At the same time investments in the Natalka deposits development dropped by 35%, to $186 million. Investments in the Kuranakh deposits also decreased – by…
DetailsThe ministers of investment and development, national economy and finances have signed a joint decree “On some issues of ferrous and non-ferrous metals scrap and waste transportation”. According to the decree, the transportation of scrap, as well as rails, pipes, and used railroad and wagon components, except for the scrap of alloyed steel is prohibited…
DetailsDneprovsky Iron and Steel Combine has started capital repairs of the converter No. 1 with the replacement of the waste-heat boiler. The length of the repair is expected to be 55 days, while usually it takes 80 days. The repair will be carried out under an agreement to improve environment in town of Kamenskoye. The…
DetailsVysochaishiy has won an auction to prospect, develop and mine gold ore at the Svetlovskoye ore field site in Irkutsk region. The R1 resources of the site are estimated at 61 tons, and R2 – 59 tons. In 2017 Vysochaishiy produced 225 thousand ounces of gold, having become the 7th largest gold-processing enterprise in Russia.…
DetailsCherepovets Iron and Steel Works has entered the active phase of the cutup machine No. 4 reconstruction. The cost of the investment project is some 400 million rubles. The project will see the replacement of the old plate straightener and flying shears with the new-generation machinery, as well as addition of another straightener. The new…
DetailsLebedinsky Mining and Processing Works has successfully passed the re-certification audit of the quality management system. Its correspondence to ISO 9001:2015 has been confirmed by the auditors of the British Standards Institution. As the result of the inspection, it was decided to extend the validity of the company certificate for 3 years. LGOK certified its…
DetailsVirdy Bikram, the ArcelorMittal Kiriviy Rih deputy CEO on procurement, has been appointed the chairman of ArcelorMittal Berislav.
The decision was taken at the supervisory board meeting on November 6.
Moreover 4 board members have been re-elected for a new term. (Ukrainian metal)
Uzmetkombinat JSC, the Uzbek metallurgical plant, intends to implement 13 projects worth a total of $474.5 million in 2018-2022. The government of Uzbekistan issued a “Decree on measures for the implementation of investment projects and the effective use of objects of Uzmetkombinat JSC”. In particular, the company intends to build a casting and rolling complex…
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