The State Property Fund of Ukraine plans to hold an auction to sell 68.009% of Zaporozhye Aluminum Works in May. In December 2017 it was planned to sell the stake in February. The corresponding changes to the schedule of sales have been envisioned in the Fund decree dated February 20 and published in the “Vedomosti…Details
UzBuild-2018, an international construction exhibition in which Magnitogorsk Iron and Steel Works is participating, started in Tashkent. Uzbekistan is one of MMK’s key markets in the CIS. In 2017 MMK shipped over 300,000 tons of finished steel products to Uzbek consumers, accounting for nearly 80% of the company’s sales in Central Asia. At the exhibition…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February deliveries of ferrous metals scrap to metal companies will decrease by 4.55% MoM, or by 10 thousand tons, to 210 thousand tons. According to the enterprise deputy director Yuri Dobrovolsky, last month traders and procurers tried to faster unload their warehouses in order not to sell scrap…Details
Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.
According to the company statement, the dividends will be paid from March 20 till July 27.
The dividends will be paid for 2014.
In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)
Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaysky GOK ore dressing plant to rise by 34%, to 3.5 billion rubles in 2018, the company said in a statement. The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830-1,310 meters,…Details
There are no radioactive elements or heavy metals in the industrial wastes of the factory in Ak-Tyuz village, the concentrating factory Geo Reserve CJSC reported. According to its data, the factory processes gold and silver from Kuranjaylyau deposit. “There are no uranium-containing or other radioactive elements, nor heavy metals in the industrial waste of the…Details
The High Court of London plans to continue hearings of a dispute between UC RUSAL and tycoon Vladimir Potanin’s Interros over a sale of shares in Norilsk Nickel on March 8, a lawyer representing one of the Russian companies reported. Judge Simon Picken said during the February 27 hearing that it would be reasonable for…Details
Zlatoust Electrometallurgical Works has expanded its product range.
The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.
This is the first time that the company produces billets in this size. (Ukrainian metal)
Novosibirsk Tin Works LLC has received a loan of 172 million rubles from MSP Bank with the interest rate of 9.6%. With the loan the company was able to purchase raw materials, components, spare parts etc. The financial aid helped the company to increase output, provide the growing demand with metal and confirm its status…Details
A new warehouse of Severstal Distribution was opened in Electrougli, Moscow region in February. At the same time, the warehouse in Lobnya was closed. The open and covered warehouses of the new site are considerably larger than the previous ones. The availability of 16-ton cranes allows handling bulk products (hot-rolled coils or large-diameter pipes). “We…Details
In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region. According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year. In 2017 it produced 6.5 tons of gold. As the factory is already operating at full capacity, this year…Details
In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…Details
Kyshtym Electrolytic Copper Plant has finished assembling two rows of baths (40 baths each) in the copper electrolyses shop. The final stage of the modernization project was the assembly of power network. To connect the new baths to the grid the whole manufacturing process had to be suspended for 10 hours. In April the company…Details
In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…Details
Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.
The company bought the shares on the secondary market.
The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.
The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)
In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…Details
Russian coal producer Kolmar plans to raise coal production to 6.5 million tons in 2018 from 4.5 million tons in 2017, CEO Sergei Tsivilyov said on February 27. “In 2017 we already produced 4.5 million tons of coal, we’ve now purchased a lot of equipment, and our plans for 2018 is 6.5 million tons of…Details
Vysochaishiy (GV Gold) has relocated to a new business-center in Moscow situated on the Kadashevskaya Embankment Street. According to the company statement, the agreement to lease 1.3 thousand square meters was concluded with BASF in November 2017. The company occupies the whole floor of the office block. Vysochaishiy is among top-15 gold-mining companies in Russia.…Details
A unique train loaded with zinc and copper departed from Novo-Ust-Kamenogorsk. 114 loaded rail cars are headed to the port of Novorossiisk and from there will continue their way to Turkey, Spain, Italy and other foreign countries. “Delivery is a hot topic for Kazakhstani producers, which are geographically remote from the major transport hubs,” Head…Details
Residents of Chatkal district of Jalal-Abad region tried to take gold ore from the gold field Ishtamberdi, the regional police department informed. The CEO of Full Gold Mining turned to the police with statement. He said that at night about 50 people entered the mine and illegally dug out gold ore. As the police said,…Details
Radiation level in Ak-Tyuz village, Kemin district, after a break in a pipe with chemical waste remains normal, the State Committee for Industry, Energy and Subsoil Use reported. According to its information, a sharp drop in air temperature caused a break in the joint on the pipe of the pulp feed-line, running from the concentrating…Details
The number of business entities involved in operations with precious metals and stones increased in Kyrgyzstan in 2017, the Ministry of Finance reported with reference to the Department of Precious Metals. According to it, last year 877 business entities were involved in such operations (in 2016 – 608). According to statistics, most of the entrepreneurs…Details
In 2017 Interpipe paid 1.89 billion UAH to the budgets of all levels. According to the company statement, the volume increased by 32% YoY. In particular, the state budget received some 950 million UAH, and local budgets – around 640 million UAH. “Each ton of our products brings 2464 UAH to the budget”, the company…Details
In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…Details
Ural Steel (a part of Metalloinvest) has completed modernization of the vacuum degasser at the electric arc furnace shop (EAFS) increasing the unit’s capacity by 50%, to 1.8 million tons per year. Total investments in the project amounted to 230 million rubles. The supplier of the equipment was Italian company Danieli. The upgrade of the…Details
Evraz has won the VEB competition to manage Sibuglemet. According to the sources, the new management contract was concluded on “the same conditions” (Evraz has been managing the asset since 2015), but details were not disclosed. Sibuglemet capacity is 5 million tons of coking coal per year. Its reserves are estimated at 300 million tons.…Details