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This year the Sakhalin region plans to increase coal output to 11 million tons. In case this goal is reached, the increase will amount to 45% YoY. Over half of the volume will be provided by Solntsevsky Coal Pit LLC, Gornyak 1 LLC, Boshnyakovsky Coal Pit LLC and Western Coal Company LLC. Last year the…
DetailsIn January Russia exported 3.391 million tons of ferrous metals, up by 20% YoY. According to the Federal Customs Service, exports of semi-finished products of carbon steel totaled 1.196 million tons, up by 1.7%. Ferroalloys exports dropped by 16.8% YoY, to 0.054 million tons. At the same time exports of flat carbon steel products increased…
DetailsIn 2017 Nordgold received $166.8 million of net profit, up by 4% YoY. Revenue grew by 14%, to $1.22 billion, and EBITDA – by 7%, to $520.5 million. The company net debt last year increased by 30%, to $656.3 million. Last year Nordgold produced 968.3 thousand ounces of gold, up by 11%. This year the…
DetailsThe volume of Pobuzhye Ferronickel Plant investment program will this year amount to $.47 million. According to the company CEO Oleg Bespalov, $1.2 million will be spent on the reconstruction of the tubular rotary kiln gas-purifying equipment. Last year PFK began the long-term project on the reconstruction, investing $600 thousand in the purchase of 2…
DetailsThe OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…
DetailsLast week the price of one ounce of gold decreased by 22.27 manats or by 0.99%. Accordingly, the average price of one ounce of gold stood at 2246.8688 manats. The price of one ounce of silver decreased by 0.2614 manats or by 0.9%, to 28.10186 manats. The price of one ounce of platinum decreased by…
DetailsIn January and February Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 4.7% YoY and amounted to 13,562 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the accounting period the production of raw silver and semi-processed silver, or in powder form, equaled 151,425…
DetailsIzhstal has commissioned a Kieserling line to turn the highest added value bar type. The line produces bright turned sticks with the diameter of 10-25 mm of all the steel grades, manufactured at the works, including stainless, tool and speed steel. The capacity of the line is 3.5 thousand tons per year. Izhstal has 2…
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