The reduction of uranium mining in Kazakhstan facilitated price increase for the metal, the country’s Energy Minister Kanat Bozumbayev said at a government hour in Majilis. “Today, there is an increase in supply on the world uranium market. This trend arose after the Fukushima incident in 2011 and it continues. Last year, the price of…Details
Prime Minister of Kazakhstan was briefed on the process automation system at EvrazKaspianStal, which allowed increased production volume and ensured high quality. The metallurgical plant is an innovative project implemented jointly with Russian partners. Company’s technical equipment and level automation meet the requirements of the Fourth Industrial Revolution “Industrialization 4.0” concept. The plant processes and…Details
In the first three months of 2017, Kumtor Gold Company produced 127,400 ounces or 3962.59 kg of gold and contributed more than 2.2 billion soms in taxes and mandatory payments. Gold production for the first quarter of 2017 was 127,400 ounces compared to 86,444 ounces of gold in the comparative period of 2016. The increase…Details
The Opposition block deputy Natalia Korolevskaya has put on sale the Lviv Coal Company, owner of the Chervonograd Central Processing Factory. All the key market players received offers: DTEK, Donbasenergo and the unofficial curator of the state coal industry Vitaly Kropachev, who owns three processing factories. In March the privatization of the Chervonograd Factory was…Details
Volynugol ordered Zakhystprom Trade LLC the delivery of filtering equipment valued at 3.23 million UAH. By the end of the year the company will have supplied 340 self-rescuers at 9500 UAH apiece. In April Lisichanskugol bought similar self-rescuers from another supplier at 8326 UAH apiece, or 12% cheaper. In Russia, according to Lvivugol, such self-rescuers…Details
In January-April Electrostal produced 128.138 thousand tons of continuous cast billets, up by 57.3% YoY. According to the company statement, it exported 121.3 thousand tons of billets and sold the rest on the local market. In April Electrostal produced 33.309 thousand tons of billets and exported 29.841 thousand tons. In 2016 the company produced 326.187…Details
On May 12 miners of the Zaporozhye Iron Ore Complex mined the 160-millionth ton of ore. According to the company statement, the 150-millionth ton was mined 2 years ago, on February 20, 2015. “The yield of the 160-millionth ton of ore by the Ekspluatatsionnaya and Prokhodcheskaya mines is an event that will forever be written…Details
In January-March Russia exported 10.3 million tons of ferrous metals, up by 1.3% YoY. Imports of steel pipes increased by 16.1% mostly due to the growth of supplies from CIS (by 37.2%). According to the Federal Customs Service, ferrous exports were valued at $4.4 billion, up by 57.4%. Exports to far foreign countries decreased by…Details
The mining company Syrymbet has joined the ranks of the Republican association of mining and metal companies. The company main asset is the deposit of the same name. Syrymbet is the only tin deposit in Kazakhstan and the largest in Central Asia. At present Kazakhstan and other CA countries import tin. The deposit reserves are…Details
In April Dneprospetsstal produced 21708 tons of steel, up by 0.4% MoM, as well as 14613 tons of rolled metal, up by 1.3% MoM. The total cost of the products manufactured was 699691 thousand UAH, up by 2.7% MoM. In January-April the company produced 83547 tons of steel and 56451 tons of rolled metal, up…Details
In 2016 Kurganstalmost exported some 24 thousand tons of metal structures to Turkmenistan, or one third of the products manufactured. The company exports increased by 168% YoY. Kurganstalmost structures were used in the construction of railroad and automobile bridges over the Amu-Darya and Karakum rivers. The company also supplied metal structures and wares for the…Details
Following the audit by Russkiy Registr, Gaysky Mining and Processing Works received the certificates of compliance with the new ISO 9001:2015 and ISO 14001: 2015 versions. In particular the integrated management system of copper and copper-zinc ores mining and processing as well as copper and zinc concentrates manufacture and sales have been confirmed. “Successful transition…Details
In April Ukraine saw a surplus of scrap because of the drop in steel manufacture, but summer will bring the scrap shortage back. “A lot of things happened in April. First of all, the shut down of capacities on the uncontrolled territories, resulting in the scrap offer surplus, while in the first quarter there was…Details
In January-March Belarus Iron and Steel Works sold over 350 thousand tons of metal, up from 296 thousand tons in Q1 2016.
Europe is the BMZ main sales market with 62.3%.
Sales to Russia increased to 33.1%.
The five largest importers of BMZ products are Russia, the Netherlands, Germany, Poland and Lithuania. (Ukrainian metal)
Mariupol metallurgists are prepared to increase output, but the current railroad tariffs and logistics problems hamper manufacture. In particular, Mariupol Ilyich Iron and Steel Works converter shop produces over 3.5 million tons of steel per year. Next year the company will construct a new continuous cast machine. But high railroad transportation tariffs don’t allow Mariupol…Details
Evraz Sukhaya Balka miners have stopped their strike.
On May 12 all the miners returned to the surface.
For more than two days employees of two mines remained on their working places demanding increase of wages. On May 11 all the work at the mines was halted for safety reasons. (Ukrainian metal)
The Ministry of energy and coal industry has renamed the state enterprise Krasnoarmeyskugol Mirnogradugol, as the decommunization law dictates.
Earlier the town of Krasnoarmeysk, where the company is situated, was renamed Mirnograd.
The state enterprise comprises 4 mines, yielding power-generating and coking coal. (Ukrainian metal)
Last year Ufaleinickel produced 10.2 thousand tons of nickel, down by 7% YoY. According to the company statement, this had to do with the instable operation. In 2016 the company sold 543 tons of nickel on the local market, exporting 9.62 thousand tons to far foreign countries and 658.5 tons to CIS. 289 tons of…Details
In January-April subsoil users of Magadan region mined 5012 kg of gold, up by 52% YoY. The region has also started working on the alluvial gold. In particular Susumanzoloto yielded 100 kg of gold. According to Kolyma governor Vladimir Pecheniy, this year the region intends to yield 30.5 tons of gold, up by 10% YoY,…Details
The miners of the Mugunsky site, a part of Tulunugol open-pit, yielded 100-millionth ton of coal. The deposits are being developed since 1992. All the coal mined there could be loaded into 500 thousand cars with the length of 18 thousand km. Azeisky open-pit has so far mined over 300 million tons of coal, Tulunsky…Details
Severstal has started repairs of the Cherepovets Iron and Steel Works coking battery No. 4. The total cost of the investment project is 6 billion rubles. The battery has been working for almost 59 years without repairs, which is a world record. The battery was shut down on May 2. In 18 months it will…Details
One of the two Evraz Sukhaya Balka mine employees in Krivoy Rog, who have stayed for more than a day underground, demanding the increase of wages, have come out of the shaft. The Yubileynaya miners came out to negotiate with the management, while the Frunze miners are still underground. The miners are still blocking railroad…Details
In January-March Rusal increased its net profits by 48% YoY, to $187 million.
According to the company statement, its corrected EBITDA went up by 52.2%, to $475 million, earnings increased by 20%, to $2.297 billion.
Rusal aluminum output in Q1 decreased by 2.1% YoY, to 910 thousand tons. (Ukrainian metal)
The Eurasian Economic Commission has imposed a preliminary 4-months antidumping duty of 37.89% on Ukrainian hot-rolled steel angles. The duty affects angles manufactured by Azovstal, Yenakievo Iron and Steel Works and other companies. According to the commission, the output of the industry decreased because of dumping by 14.4%, sales – by 11.8%, profit – by…Details
Zaporizhstal has finished assembling the tray loading device at its blast furnace No. 3. According to the company statement, the 165-million UAH device was produced by Danieli Corus. It will decrease the coke usage to 15 kg per 1 ton of pig iron and increase the furnace efficiency by 5%. The BF3 was shut down…Details
On May 10, extensive discussion was held by Chief Executive Officer PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon and Management Committee with the head of Trade Union Yuriy Bobchenko on finding a solution in overall improvement of conditions at work places and discussion on the various matters related to new labor collective agreement and salary increase…Details