In November Belarus Iron and Steel Works intends to sell its first metal batch via the Belarus Universal Commodity Exchange. The volume of the batch will be 1 thousand tons. The company plans selling B500SP and B550B rebars with the diameter of 10-32 mm. Poland is the priority sales market. In January-September BMZ manufactured 2…Details
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Talco has decreased the output growth forecast this year from 20% to 5% because of problems with raw materials supplies and the drop in prices. Last year the company produced 95.8 thousand tons of aluminum. China Machinery Engineering Corp. intends to finance the modernization of the works valued at $545 million. The project presupposes the…Details
Azarga Metals Corporation has paid its half-year loan debt to Baker Steel Resources Trust (BRST) in 1,470,443 ordinary shares. The nominal cost of each share is C$0.06. Thus, Azarga has already paid some C$88.27 thousand ($66.849 thousand) to BRST. The corresponding agreement was concluded in February. The loan amounts to $3.5 million with the interest…Details
Electrocable Colchugino Works has modernized a site to test communication wire and control cables. Investments in the project totaled 7 million rubles. During the station reconstruction on the area of 168 square meters two separate zones have been organized. One houses the existing machinery, while the other – a new machine to test cables with…Details
Raspadskaya Coal Company has published preliminary results for Q3 and January-September. Coal output in July-September decreased by 8% QoQ, to 3 million tons. Output at the Raspadsky pit decreased by 30%, but at the Raspadskaya-Koksovaya mine grew by 6%. Raspadskaya mine increased output by 1%. Coal concentrate sales went up by 2%, including a growth…Details
Ferrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…Details
The Antimonopoly Committee of Ukraine has allowed the citizen of Cyprus Vadim Yermolayev to gain control over Dnepropress Steel LLC. The businessman from the city of Dnipro has for the past several years been the investor of the company. He is also the founder of the Alef Corporation, which unites various businesses. Dnepropress Steel makes…Details
In January-September KAZ Minerals produced 230.5 thousand tons of copper, up by 6% YoY. In Q3 the output totaled 82.9 thousand tons of copper and 58.5 thousand ounces of gold. The copper output target this year is 300 thousand tons. Gold target of 170-185 thousand ounces could be exceeded by 5%. The company net debt…Details
In July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…Details
The Board of Directors of NLMK has approved the company’s Sustainable Development Policy. The policy defines NLMK Group’s sustainability principles, goals and targets, as well as the mechanism for oversight of the company’s ESG agenda by the NLMK Board of Directors. For example, NLMK’s Strategic Planning Committee has been tasked with identifying the company’s strategy…Details
The coal concentrate output of the Russian coal producer Raspadskaya rose by 17% YoY, to 6.266 million in January-September, the company said in a statement. Exports of coal concentrate increased by 22%, to 4.532 million tons. Domestic sales rose by 6%, to 1.734 million tons. The output of raw coal grew by 21%, to 10.112…Details
In January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…Details
In July-September Ukraine drastically decreased exports of steel products to US – 2.6-fold QoQ. According to the Customs Service, the exports totaled 32.1 thousand tons as opposed to 84.1 thousand tons. In August Ukraine exported a mere 2.6 thousand tons to US. The main reason of the decrease was the introduction of a 25% import…Details