Russian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…Details
Rio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement.
On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)
Personal belongings of employees were stolen from the territory of the Chinese enterprise GL Makmal Developing at Makmal. According to the company, all the employees of the enterprise have started working, but the Chinese investors do not yet know at whose expense the burned objects will be restored. It is known that the government and…Details
Last week the price of one ounce of gold increased by 13.2345 manats or by 0.58%, to 2,276.3956 manats. The price of one ounce of silver increased by 0.1846 manats or by 0.66%, to 28.0715 manats. The price of one ounce of platinum increased by 16.4305 manats or by 1%, to 1578.8835 manats And the…Details
Some politicians are involved in the riots that occurred in Toguz-Toro district, where the gold processing plant under construction was set on fire, the Prime Minister of the country announced at a meeting of Kyrgyzstan parliamentary faction. Sapar Isakov said that the Ministry of Internal Affairs asked for time for investigation. But the names of…Details
Zaporizhstal has opened the season of shipping metal products via water transport. This year the company intends to deliver some 600 thousand tons of metal via the River Dnepr. Zaporizhstal metal has already been delivered over the water to Greece, Bulgaria, Turkey, Romania, Georgia, Serbia and Macedonia. “This year we will keep the volumes of…Details
The Armyansk City Court has found Titanium Investments – Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of…Details
In March, according to the railroad statistics, direct supplies of ferrous scrap to MMK totaled 64 thousand tons, down by 8.6% MoM and by 43.7% YoY. In February the results were up by 4.3%, but down by 39%, while in January – down by 72% and by 36% respectively. In January-March the company received 192.1…Details
Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…Details
In January-March Chukotka Autonomous District mined 183 thousand tons of coal, up by 6.6% YoY.
Beringpromugol, operating at the Fandyushkinskoye Pole deposits, mined 140 thousand tons of coal, up by 32% YoY.
This year the company intends to extract 600 thousand tons of coal. (Ukrainian metal)
Energomashspetsstal has shipped a large batch of rolls to ABB.
The total weight of the shipment was 177.29 tons.
The rolls will be used in the manufacture of electric engines.
The companies have been cooperating for 10 years. (Ukrainian metal)
Sinarsky Pipe Works has produced the 35-millionth ton of pipes. The milestone has been reached in 82 years after the manufacture of the first pipe. The casing pipe with the diameter of 101.6 mm and wall thickness of 6.5 mm was produced at the pipe-rolling shop No. 2. Thanks to modernization, last year the company…Details
Russian gold producer Polyus has asked the government for support in construction of a bridge across the Yenisei River, Vice President Sergei Zhuravlyov said. The bulk of gold reserves of the region is located on the right bank of the river, where reserves of antimony, zinc, lead, and magnesite are also located. Their production is…Details
The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…Details
In January-March Ukraine mined 8.359 million tons of coal, up by 19.3% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 9.9%, to 1.614 million tons, and that of power-generating coal – by 21.3%, to 6.744 million tons. In March coal mining grew by 1.3%, to 3.024 million tons.…Details
The pilot project “Package Tour for Leave” was launched in the beginning of the year. At this moment, over 360 employees have applied for it and chosen trip vouchers via travel agencies. The price of such a voucher is partly compensated by the company, and the compensation depends on the fact how often does an…Details
In March Ukraine increased iron ore raw materials exports by 4% MoM, to 2.8 million tons. According to Ukrmetallurgprom, in Q1 exports dropped by 13% YoY, to 8.6 million tons. Iron ore raw materials delivery to metal companies grew by 10% MoM, to 2.75 million tons in March, and in Q1 – by 23% YoY,…Details
In March metal companies received 860 thousand tons of coke, up by 11% MoM. According to Ukrmetallurgprom, Ukrainian coke accounted for 785 thousand tons, up by 12% MoM, while imports – 75 thousand tons, flat MoM. In Q1 metal companies received 2.55 million tons of coke, up by 8% YoY, including 2.31 million tons of…Details
In March scrap procurers obtained 284 thousand tons of scrap, up by 2% MoM. According to Ukrmetallurgprom, of this Ukrainian metal companies received 230 thousand tons, up by 2% MoM, and 54 thousand tons were exported, up by 2%. The scrap need was only 82% covered as opposed to 93% in February. In Q1 scrap…Details
In May Ukraine intends to produce some 1.8 million tons of pig iron, 1.8 million tons of steel and 1.6 million tons of rolled metal. According to Ukrmetallurgprom, as of April 10, 19 out of 21 blast furnaces, 7 out of 9 open-hearth furnaces, 12 out of 16 converters, 7 out of 15 arc furnaces…Details
In Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY.
Capacity utilization rate grew by 3%, to 99%.
Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)
The prices of the main precious metals varied in Azerbaijan on April 13, according to the data published by the Central Bank. The cost of gold decreased by 15.963 manats, to 2278.3825 manats per troy ounce compared to the price on April 12. The cost of silver decreased by 0.1804 manats, to 28.0996 manats per…Details
The Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…Details
Vladimir Potanin, one of the major shareholders of the Russian metals giant Norilsk Nickel, had rejected the so-called “shootout” for control over the company before the U.S. imposed sanctions against co-owner Oleg Deripaska, he said in an interview with The Financial Times released on April 13. “The destiny of a company like Norilsk Nickel, of…Details