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In January-March, KAZ Minerals produced 74.9 thousand tons of copper, up by 7% YoY. Gold output grew by 27.6%, to 55.4 thousand ounces, and silver – by 18%, to 739 thousand ounces. Aktogai Mining and Processing Works mined 12.556 million tons of ore, up by 14%, and produced 27.2 thousand tons of copper, down by…
DetailsIn March, wages at metal companies increased by 17.7%, to 17,329 UAH on average. Salaries also grew at ore mining companies (by 0.8%, to 16,997 UAH), manufacturing coke (+1.4%, to 17,543 UAH), pipes and sections (+2.2%, to 13,266 UAH), precious and non-ferrous metals (+0.9%, 10,606 UAH). Ferrous metals enterprises had the largest growth of 22%,…
DetailsIn January-March, Electrostal (Kurakhovo, Donetsk region) produced 29 thousand tons of continuous-cast billets. In Q1 2019, the company was idle. In March, output totaled 16 thousand tons. Since March 2019 the company has been working at a third of its capacity. In October 2019, it was also idle. Thus, in 2019 output decreased 3.5-fold YoY,…
DetailsIn March, Kazakhstan produced 350,925 tons of steel, down by 47.2% YoY, but up by 27.4% MoM. In Q1, manufacture dropped by 13.8% YoY, to 969,684 tons. Refined copper output in January-March increased by 8.7%, to 124.067 tons, and zinc – by 1.9%, to 81,670 tons. In 3 months Kazakhstan produced 546,920 tons of ferroalloys,…
DetailsArcelorMittal Kriviy Rih has completed the reconstruction of sintering machine No. 1 of sinter plant No. 2 and is starting hot tests on it. The company continues to implement a large-scale investment project for the reconstruction of sinter plant No 2. As of now four of six sintering machines of the shop have already been…
DetailsIn 2019, Druzhkovka Metal Wares Works (Donetsk region) decreased net income by 50.1% YoY, to 318.7 million UAH. Last year the company received a net loss of 31.5 million UAH, as opposed to a net profit of 55.6 million UAH in 2018. As of late 2019, the combined cost of agreements to supply products totaled…
DetailsIn January-March, Kamchatka region extracted 1234 kg of gold and 3 tons of silver, down by 6% and by 4% YoY respectively. In particular, Zoloto Kamchatky extracted 906 kg of gold: Ametistovoye – 685 kg (-2%), KamGold – 36 (-37%) and Kamchatskoye Zoloto – 212 kg (+71%). At the same time, Trevozhnoye Zarevo decreased output…
DetailsIn January-March, Severniy Mining and Processing Works decreased pellets output by 24.4% YoY, to 1.735 million tons. Concentrate manufacture grew by 5.8%, to 3.17 million tons. In March, SevGOK produced 649 thousand tons of pellets and 1.074 million tons of concentrate. (Ukrainian metal)
DetailsInterpipe Nizhnedneprovsk Pipe-Rolling Plant has postponed the general meeting of its shareholders scheduled for April 29 due to quarantine and coronavirus. Last year, the company increased its net profit 3.5-fold YoY, to 3.562 billion UAH. Undistributed profit totaled 3.875 billion UAH. This year Interpipe NTZ intends to sell 367.6 thousand tons of pipes and receive…
DetailsIn January-March, Ukraine produced 81.1 thousand tons of metal structures, down by 29.6% YoY. According to the State Statistics Service, pre-fabricated construction structures of pig iron and steel accounted for 9.13 thousand tons, down by 23.9%, latticed towers and masts of ferrous metals – 618.2 tons, down by 75.7%, metal containers for liquefied gas –…
DetailsThe Russian aluminum market may contract by more than 30% in 2020 due to the coronavirus pandemic, Roman Andryushin, director of aluminum giant UC RUSAL for sales and marketing, has said. The degree of the pandemic’s impact will largely depend on the length of restrictions. While some European countries have started lifting the restrictions, it…
DetailsThe state enterprise Vostochniy Mining and Processing Works has ordered Zeleni Systemy LLC the delivery of sulfur valued at 42.85 million UAH. Until July 10 the company has to supply 11 thousand tons of granulated gas sulfur with the purity of 99.95% produced by Kaspiygaz LLC (Russia) at 3895 UAH per ton ($138 per ton).…
DetailsIn 2019, Zaporizhstal received UAH 3.880 billion of net loss, as opposed to a net profit of UAH 4.053 billion in 2018. Consolidated income decreased by 21.5%, to UAH 46.211 billion. Undistributed profit totaled UAH 18.998 billion. (Ukrainian metal)
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