Azerbaijan, one of the richest in precious metals deposits countries in Eurasia, has increased gold and silver mining. The country produced 5,669 kg of gold in January-November, up 3.2-fold YoY. The State Statistics Committee reported that the extraction of silver increased by 67.9%, amounting to 566.800 kg. The stocks of finished goods, as of December…Details
Russian oligarch Alisher Usmanov is interested in Alchevsk Iron and Steel Works, a Ukrainian enterprise earlier seized by Russia-backed militants in the occupied Donbas, according to a Ukrainian MP, coordinator of Information Resistance analytical group Dmytro Tymchuk. Leaders of the self-proclaimed Donetsk People’s Republic (“DPR”) are failing to revive operations of most of the “nationalized”…Details
In 2018 Ukraine intends to invest 2.5 billion UAH in modernization of coal enterprises. “We’re switching to the management mode, when every mine is responsible for its efficiency. Restructuring the industry will let the country save some 1.5 billion UAH”, the minister of energy and coal industry Igor Nasalik said. Still until the document on…Details
Metinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…Details
The Saranskaya, Abayskaya, named after Kuzembaeva and named after Kostenko mines have resumed operation. According to ArcelorMittal Temirtau press service, at present the company is evaluating the resumption of operation at other mines. AMT management offered miners to increase their salary by 30%. During the strike the coal for metallurgical operation was purchased from other…Details
En+ Group, belonging of Oleg Deripaska and owning 48.13% of Rusal, has attracted VEB to two aluminum projects. In particular, VEB will invest 18.5 billion rubles in the construction of the first stage of TaAZ with the capacity of 420 thousand tons per year, and 7.7 billion rubles on the creating of aluminum plates manufacture…Details
Magnitogorsk Iron and Steel Works has been named one of the World Wildlife Fund’s Top Ten most environmentally responsible mining and metallurgic companies in Russia in 2017. MMK came eighth place in a list, the highest achievement for Russia’s iron and steel companies. The results of the study were presented at the UN office in…Details
The mining site No. 1 of the Pershotravenskoye Mine Group of DTEK Pavlogradugol has mined 1 million tons of coal since the beginning of the year. It is planned that this and other sites will outperform their annual output target. “Some 10 years ago this was an unachievable result. At that time for all the…Details
Titanium Investments LLC, previously Crimean Titanium, situated in the Russia-annexed Crimea, intends to start constructing a new titanium dioxide shop valued at 31.2 billion rubles in 2020. According to the program of Crimea development, designed by the occupational authorities, the capacity of the shop will be 80+40 thousand tons per year. Titanium Investments (Moscow) was…Details
Kachkanarsky Mining and Processing Works has produced the 200-millionth ton of pellets. The anniversary batch was shipped to Evraz NTMK, where pellets are used in pig iron manufacture. KGOK annual output is around 6 million tons of pellets with the Fe content of over 60%. The company started manufacturing pellets in 1970. The first batch…Details
In January-November Ukraine mined 31.964 million tons of coal, down by 13.6% YoY, or by 5.044 million tons. According to the Ministry of energy and coal industry, energy-generating coal output dropped by 12%, or by 3.55 million tons, to 25.758 million tons, while coking coal – by 19%, or by 1.489 million tons, to 6.206…Details
The new Metinvest strategy program presupposes increasing steel output at the group’s assets. According to the group marketing director Roman Kurashev, this concerns Mariupol Ilyich Iron and Steel Works and Azovstal, the loading of which at present is around 70-80%. “Unfortunately, right now we can’t give them more, as we cannot provide for sufficient deliveries…Details
Ukrainian Center of Steel Construction expects metal structures consumption to grow by 15% YoY in 2017, to 75 thousand tons. At the same time metal constructions output will reach 85 thousand tons. This year manufacturing activity was witnessed at 81% producers, with 46% of the companies increasing output. Most of the exports (85%) went to…Details
Ukrmetallurgprom forecasts that in January 2018 Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.8 million tons of rolled metal. According to updated data, in November Ukraine produced 1.87 million tons of steel, 1.83 million tons of pig iron and 1.6 million tons of rolled metal. A slight…Details
In 2018 Metinvest SMC will start constructing a large distribution center in Dnepr with the capacity of 40 thousand tons of metal. “This will allow us to concentrate on that site a number of items, which are periodically in demand”, the company CEO Dmitry Lippa noted. According to him, thus Metinvest will be able to…Details
Metinvest will develop coated rolled metal manufacture together with Unisteel Ukraine LLC in the city of Kriviy Rih. According to Metinvest-SMC marketing director Roman Kurashev, the plant’s capacities are around 100 thousand tons of galvanized sheets per year. “Unisteel will be commissioned this year. In a couple of days it will start operating. The company…Details
In November Ukrainian metal companies received 2.5 million tons of iron ore raw materials, on the October level. At the same time coal supplies dropped by 14% MoM, to 1.12 million tons. Coke deliveries were on October level at 965 thousand tons. Imported coal share was 78%, and coke – 13.8%. In January-November metal and…Details
In November Ukrainian metal companies consumed 165 million cubic meters of gas, up by 10% MoM.
According to Ukrmetallurgpromgas, in 11 months gas consumption grew by 3% YoY, to 1.6 billion cubic meters.
Metal companies also consumed 10.5 billion kW-h of electricity, down by 11%. (Ukrainian metal)
In November Ukrainian metal companies were supplied with scrap at 96%. According to Ukrmetallurgprom, last month scrap-procuring companies prepared 318 thousand tons, up by 2% MoM. Of this volume local metal companies received 270 thousand tons, while 48 thousand tons were exported, up by 20% MoM. In January-November out of 3.4 million tons of scrap…Details
Metinvest analysts believe that in 2018 the average price of hot-rolled coils will be $517 per ton as opposed to $503 in 2017. According to Metinvest-SMC CEO Dmitry Lippa, steel billets prices will increase to $459 per ton from $431. Iron ore raw materials will cost $71 per ton (in 2017 – $65). At the…Details
In January-October Russia imported 5.555 million tons of ferrous metals, up by 1.49-fold YoY. Far foreign countries supplied 1.967 million tons, while CIS countries – 3.588 million tons, up from 1.296 and 2.438 million tons in 10 months of 2016 respectively. Imports of ferrous metals not counting pig iron, ferroalloys, waste and scrap also grew…Details
ArcelorMittal Kriviy Rih has purchased 4 large BelAZ dump trucks valued at $24 million. According to the company statement, the lifting capacity of each machine is 136 tons. Having made the purchase the company has renewed its large machinery fleet by half. “Regular arrivals of new trucks allow us to considerably increase output”, the company…Details
In January-November Interpipe Steel produced 779 thousand tons of steel, up by 36.2% YoY.
In November steel output totaled 78 thousand tons as opposed to 52 thousand tons in October.
In 2016 the company produced 614 thousand tons of steel, up by 2% YoY. (Ukrainian metal)
In January-November Amur region obtained 24395 kg of gold, up by 18% YoY, or by 3682 kg. Ore gold accounts for 16215 kg, and alluvial gold – 8180 kg. Some 50 companies extract gold in the region, with the main contributors being Petropavlovsk, Priamurye Group of Companies and Priisk Solovievsky. This year Petropavlovsk intends to…Details
In January-October Kirov Non-Ferrous Metals Processing Works increased rolled metal output by 5% YoY.
In particular, rolled copper manufacture went up by 13.5%, and copper-nickel rolled metal – by 45%.
Sheet manufacture demonstrated the largest growth among product types: 14.4% YoY, with copper sheet up by 24.4%. Belt output increased by 5%. (Ukrainian metal)
This year Magadan region has to obtain 30.9 tons of gold. But it has already exceeded this target, having yielded 31.2 tons, up by 4.6 tons YoY. “With the annual target of 30.9 tons of gold, the region has already obtained 31.2 tons. By the end of the year the results will grow even more”,…Details