Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…Details
National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…Details
Metinvest mining and metal group has paid $5.202 million of interest on new $1.197 billion notes due on December 31, 2021, the group has reported on the website of the Irish Stock Exchange (ISE). In addition, Metinvest capitalized $12.253 million of interest over the period, as the group did not have extra free funds exceeding…Details
Ukraine has received a confirmation of the arrival of the working group from USA on May 23. At present Ukraine is reviewing three sources of coal. “There are three sources, from where we intend to buy coal. The first is Richards Bay in South Africa. DTEK and Tekhnova are the main importers. Then its Kazakhstan,…Details
In March Russia exported 1.28 million tons of non-alloyed steel semi-finished products, up by 0.9% MoM, but down by 10.3% YoY. According to the customs statistics, in January-March exports totaled 3.72 million tons, up by 1.9% YoY, but down by 2.3% from 2015. Earnings increased by 72%, to $1460 million. This is the highest result…Details
In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million.
The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)
In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million.
The corrected net profits totaled $21.1 million, up 7.5-fold YoY.
Uranium output dropped to 1110 tons.
Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)
Uralmashzavod has concluded a contract for the delivery of an EKG-20 excavator to Mechel. The No. 18 machine will be operating at Neryungrinsky open-pit of Yakutugol, a part of Mechel. The excavator will be supplied in late 2017. Last year the company received 2 similar excavators. One has already been successfully put into operation. (Ukrainian…Details
Rusal has announced the completion of Boksitogorsk Alumina Works modernization. Within the project, lasting from October 2015 till May 2017 the works received grinding and processing equipment to increase the corundum output to 79 thousand tons. In particular, the company increased refractory capacities by 6 thousand tons, and abrasive – by 4 thousand tons per…Details
In January-March TMK Chermet outperformed the scrap procurement target by 26%. TMK enterprises received 494 thousand tons of scrap.
The company keeps increasing the share of its own scrap deliveries: in particular it supplied 160.5 thousand tons, up by 10.6% YoY. (Ukrainian metal)
The National commission on securities and stock market has stopped amendments to the system of depository accounting on securities of 20 issuers.
The companies have not disclosed their annual regulatory information on stock market for the last 2 years. (Ukrainian metal)
In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016. According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles. In September Tulachermet will put…Details
The Ministry of energy and coal industry has asked the State Fiscal Service to confiscate all the coal originating from the occupied regions of Donbass. According to the ministry letter, the SFS has to demand the certificate of origin when the coal is imported, as well as take samples to check sulfur contents. The coal…Details
DTEK is expecting the arrival of a vessel with 75 thousand tons of anthracite from the South African Republic from May 22 through May 28. “Next week we expect the arrival of coal to restock our supplies at TPPs. The vessel with the first coal batch has already made a long way and is passing…Details
On May 18 KazZinc in Ust-Kamenogorsk, Eastern-Kazakhstan region, caught fire. The accident happened on the territory of the copper shop around 21:41 local time. At 00:25 the fire was extinguished. The size of the fire was 50 square meters. According to the emergency service, there were no casualties. The manufacturing process was not affected by…Details
Chelyabinsk Iron and Steel Works has supplied 1200 tons of rebars for the construction of the embankment in the city of Barnaul.
ChMK metal is used for concrete reinforcement of the bank – the first and the most vital part of the project.
The length of the embankment will be 500 meters. (Ukrainian metal)
Klin Metal Wares Works with the capacity of 200 tons per month has been put into operation in the city of Klin, Moscow region. The company produces self-tapping screws of various diameter and length. Steel rope is used as raw material. The works is situated at the industrial site of Khimvolokno. Investments totaled 20 million…Details
In April Ukraine produced 1276 thousand tons of pig iron, down by 19% MoM, or by 299 thousand tons. According to Ukrmetallurgprom, steel manufacture dropped by 20,2% MoM, or by 360 thousand tons, to 1423 thousand tons. In January-April pig iron output totaled 6330 thousand tons, steel – 7019 thousand tons, down by 20% and…Details
The Ministry of finances of India has imposed a 5-year antidumping duty on some types of cold-rolled metal originating or imported from Ukraine, China, Korea or Japan. The duty is the difference between the landed value and $576 per ton. The antidumping investigation was initiated by the leading Indian metal makers, in particular, Essar Steel,…Details
Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, announced the increase of the employees’ salary up to 70% from May 1. Salary increase is planned for the employees of core professions involved in production processes: – salaries below 5 000 UAH will be increased by 60-70%; – salaries in the range of 5…Details
Mariupol Ilyich Iron and Steel Works continues to develop the range of galvanized structural steel coils. In Q1 it mastered the production of zinc-coated rolled steel of SS Grade 50 according to American standard ASTM A653/A653M. This product has the guaranteed strength properties and is used for the production of formed Z-, C-, Sigma- and…Details
In June Ukrainian metal companies intend to produce 1.6 million tons of steel, 1.5 million tons of pig iron and 1.4 million tons of rolled metal, provided the situation does not change. According to Ukrmetallurgprom forecast, in May Ukraine has to produce 1.6 million tons of pig iron, 1.8 million tons of steel and 1.6…Details
Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…Details
Central Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…Details
In January-April Ukraine decreased coking coal output by 19.4% YoY, to 2.3 million tons. According to the Ministry of energy and coal industry, power-generating coal output went up by 1.1%, to 10.8 million tons. All in all in 4 months Ukraine mined 13.1 million tons of coal, down by 3.2% YoY. As of May 1,…Details
In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY.
According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg.
Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)