At a meeting held on July 28, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q2 2017 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 29. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2 dividends of RUB 3.20 per share, equivalent to…Details
At the plant for production of metallurgical-grade silicon of Tau-Ken Temir LLP, Prime Minister of Kazakhstan Bakytzhan Sagintayev has checked the current measures for technological modernization and prospects for development of the enterprise. Sagintayev examined the operational shops for silicon, refining, teeming and production, and visited the silicon intermediate storage facility. Murat Zhukenov, the Board…Details
The Mariupol city council has concluded an agreement with Mariupol Ilyich Iron and Steel Works as to the lease of cars valued at 175 thousand UAH. The lease of 2 Toyota Land Cruiser with drivers till the end of the year costs 160 thousand UAH. Thus for each car the city council will pay 8…Details
In January-June Poltava Mining and Processing Works exported 4.123 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.461 million tons, Mikhailovsky GOK – 1.878 million tons, Lebedinsky GOK (all three – Russia) – 1.355 million tons, while SevGOK – 983.9 thousand tons of pellets. In H1 PGOK produced 5.16 million…Details
In June Russia produced 4.55 million tons of pig iron, down by 7.7% YoY (5.095 million tons in May). In January-June pig iron output decreased by 1.7% YoY, to 30.186 million tons. Ukrainian pig iron output in June totaled 1.52 million tons, down by 13.9% YoY (1.61 million tons in May), with 9.658 million tons…Details
The Electrocable Kolchugino Works has assembled the new machinery valued at 3 million rubles. It will allow the company to increase medium and high voltage (up to 110 kW) power cable output. The new taping and armoring machines have been incorporated in the existing line. “The necessity to improve the line resulted from the increase…Details
A presidential decree dated July 26 approved measures to improve governance structures and increase the efficiency of activity of enterprises of the coal industry. The document notes that the decree of the President of the Republic of Uzbekistan dated June 13, approved the program of further development and modernization of the coal industry in 2017-2021,…Details
In June Russia produced 5.341 million tons of steel, down by 8% YoY. In 6 months steel output totaled 35.34 million tons, up by 0.8% YoY. Ukraine decreased steel output by 13% YoY in June, to 1.593 million tons (1.69 million tons in May). In January-June Ukraine produced 10.504 million tons of steel, down by…Details
Belarus Iron and Steel Works (BMZ trademark) has been granted a Gold Recognition Level based on its participation in the EcoVadis Corporate Social Responsibility (CSR) assessment. The result places BMZ in the top 5% of suppliers evaluated by EcoVadis, BMZ spokesman Alexander Olesik reported. The results achieved demonstrate the high professionalism of BMZ’s employees. The…Details
Aksu Ferroalloy Works has been chosen as the site for the new energy efficiency project, as it is a leading enterprise of KazChrome in energy saving. According to the estimates, the economical effect of the project will be 346 million tenge. The project will be carried out in 3 years. Under the project the company…Details
In January-June Kazakhstan produced 41161 kg of raw gold, up by 18.6% YoY.
According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 13% YoY, to 543930 kg. (Ukrainian metal)
Armet LLC, a part of Anglo Russian Gold Ltd., will construct a mine with the capacity of 1.5 tons of gold per year at the Archiyskoye deposits. Investments into the construction of the mine with the ore processing capacity of 1.05 million tons will total 4.222 billion rubles. The public hearings of the project are…Details
The pipe works ArcelorMittal Tubular Products Aktau will create a new shop to produce steel pipes with corrosion-resistant insulation. The company will produce 24-meter pipe sections, which will decrease the welding volume and improve its quality, as the welding will be done at the plant. The project will also increase the Kazakhstani share – 80%…Details
In January-June KAZ Minerals produced 118 thousand tons of copper, more than doubling the previous results (56 thousand tons). In Q2 the group produced 66 thousand tons of copper, with 52 thousand tons produced in Q1. In H1 the group mined 34.4 million tons of ore, up by 56% YoY. Ore processing increased 3.8-fold, and…Details
Kyshtym Electrolytic Copper Plant has started making the foundation for 2 additional series of electrolysis baths. The assembly of the first equipment should end by 2018. Two new batches of baths (40 baths each) will be assembled under the investment project to increase the copper cathode output. In 2017-2018 KMEZ intends to equip the copper…Details
On July 27 Dneprovsky Iron and Steel Combine resumed steel smelting in its converter shop.
The first smelting was carried out at the continuous casting machine.
The blast furnace shop is expecting concentrate and sinter ore delivery. The blast furnace No. 9 is being blown. (Ukrainian metal)
The Kharkiv Works “Corum Svet Shakhtera”, a part of Corum Group, has for the first time produced 3 transformer substations for the Mine named after Space Heroes of DTEK Pavlogradugol. According to Corum, the substations will lower the energy losses of the mine by 2-5%, and because of the quality materials and the manufacture control…Details
In January-June Rusal decreased aluminum output from 1.835 million tons to 1.832 million tons. Aluminum manufacture in Q2 increased by 1.2% QoQ, to 921 thousand tons. In H1 Rusal increased aluminum sales by 3.8% YoY, to 1.987 million tons, with Q2 sales up by 1.7% QoQ, to 1.002 million tons. The average sales price in…Details
In January-June Karelsky Okatysh produced 5.503 million tons of pellets, up by 0.6% from the target.
In Q2 the company sold 2.88 million tons of iron ore pellets, up by 12% QoQ. (Ukrainian metal)
The ore-preparing complex of Gaysky Mining and Processing Works processing factory has started constructing the ore-loading unit with the receiving bin. At present the warehouse operates 5 ore-loading units. The construction of the 6th unit is the final step of the processing factory expanding project. The unit is expected to be put into operation in…Details
Since the start of the year the Raspadskaya miners have yielded 4 million tons of coal, becoming one of the first in Kuzbass to reach the result in just less than 7 months.
The mine’s average monthly output is 420-700 thousand tons of coal. This year’s goal is 5.5 million tons of coal. (Ukrainian metal)
The metal companies of the South of Russia have addressed the federal authorities asking them to impose an environment tax on scrap exports. They believe this idea does not contradict the WTO norms and will have a triple positive effect: it will support local scrap processors, bring additional money to the regions and will help…Details
Chelyabinsk Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. According to the company statement, its blast furnace shop includes 3 furnaces with the combined capacity of 3.5 million tons of pig iron per year. In Q1 ChMK received 950.3 million rubles of net profits, up 2.3-fold YoY, having…Details
In Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…Details
The core owner of Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe), Mountrise Limited, may buy a 49.89% stake of state-owned nanotechnology company Rusnano in Eterno, a white metallurgy joint venture with the plant, Rusnano said in a statement on July 26. The deal may be closed by the end of September. “Rusnano has completely fulfilled the task…Details
The country’s third largest city Sumgayit will be the home to a huge metallurgical complex to be jointly built by Azerbaijan and Italy. The agreement signed between Baku Steel Company and Italian company Danieli in December 2016 will allow the country to save millions of dollars it spends on import and create opportunity for opening…Details