The so-called Council of ministers of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, has openly addressed the citizens of Alchevsk saying it has been unable to provide for the operation of its main enterprises. “Fellow countrymen! The government of the republic is worried by the situation at the major companies…Details
The European Commission intends to impose a fixed tariff for the import of hot-rolled coils from Ukraine, Brazil, Iran and Russia and will not calculate the minimal import price. When the fixed duty, not dependent on current prices, is imposed, European manufacturers will be better protected than by the minimal import price or antidumping duty.…Details
In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…Details
On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…Details
Kirov Non-Ferrous Metals Processing Works has fulfilled the order to produce MH25 rolled belt for minting coins of 25 rubles each dedicated to the World Cup 2018. The first batch of 277 tons was supplied in 2016. In February-August the works produced 556.6 tons of German silver belt more. In 2011-2014 KZOTsM produced coin belts…Details
In January-September Ukraine produced 26.15 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 22.9%, to 5.049 million tons, power-generating coal – by 8.3%, to 21.1 million tons. In September coal output totaled 2.544 million tons, down by 27.6% YoY. Coal enterprises…Details
In January-September Evraz Dneprovsky Iron and Steel Works produced 548 thousand tons of rolled metal, down by 21% YoY. Steel output dropped by 19.7%, to 663 thousand tons, and that of pig iron – by 6%, to 767 thousand tons. In September Evraz DMZ produced 71 thousand tons of rolled metal, 88 thousand tons of…Details
Sberbank Leasing has given a 43 million rubles loan to Pskovvtormet. The money will be spent to purchase specialized KamAZ machines. Pskovvtormet is the largest ferrous and non-ferrous scrap procuring, processing and selling company in the region. It was founded in 1993. The company operates in St. Petersburg, Novgorod, as well as Pskov, Leningrad and…Details
Tyumenremdormash will open two new shops in 2018 – to produce construction sections and pipes. “In the shortest possible term we will carry out a project to produce construction sections and pipes, as we will construct two shops”, the company CEO Alexei Ragozin said. “Investments will total 600 million rubles, and 80 jobs will be…Details
MMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…Details
The shareholders of Norilsk Nickel have approved paying 224.2 rubles per share, or a total of 35.479 billion rubles in dividends for January-June, the company said in a statement on October 2. The record date for the dividends is October 19. In 2016, the company paid no dividends for January-June, but paid 444.25 rubles per…Details
In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…Details
By 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…Details
The Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…Details
Nytwa Iron and Steel Works has for the first time carried the inspection audit of its quality management system according to ISO 9001:2015. The inspectors have checked the design, development and manufacture processes of bimetallic rolled metal, cold-rolled and galvanized steel strips, bimetallic, steel and alloy billets, etc. Nytwa Works is one of the oldest…Details
In January-September Ukraine produced 15.762 million tons of steel, down by 14% YoY. Pig iron manufacture dropped by 18%, to 14.626 million tons, of rolled metal – by 16%, to 13.469 million tons, of coke – by 21%, to 7.696 million tons. At the same time pipe output increased by 26%, to 784 thousand tons.…Details
In January-September Zaporizhstal produced 2.467 million tons of rolled metal, down by 3.2% YoY. Steel output decreased by 0.3%, to 2.931 million tons, the company reports. Pig iron manufacture dropped by 0.1%, to 2.74 million tons. At the same time, in September Zaporizhstal increased rolled metal output by 13.4%, to 382.2 thousand tons, steel –…Details
In January-September Dneprovsky Iron and Steel Combine decreased rolled metal output 2.2-fold YoY, to 658 thousand tons. According to a company representative, in 9 months DMK produced 680 thousand tons of steel and 662 thousand tons of pig iron, both down 2.1 and 2.2-fold YoY. At the same time, in September the company produced 215…Details
Mikhail Mazhukin has been appointed the managing director of Korshunovsky Mining and Processing Works. In 2009-2013 Mazhukin managed the Yuzhnouralsk Nickel Works. At the new office he has replaced Boris Sedelnikov, who has been appointed open pit director at Yuzhny Kuzbass. “Boris Sedelnikov has made a great contribution to the development of KGOK. Under his…Details
Raspadskaya mine has started developing the bank 6-6a with the estimated reserves of over 127 million tons of coking coal. The first long face 4-6-33 (3.5 million tons) has been put into operation. Investments totaled 900 million rubles. “We’ve been preparing to start working at the bank for almost 3 years. The bank is powerful.…Details
Magamed Ibragimov has been appointed CEO and CFO of ArcelorMittal Tubular Products Aktau.
He has previously held the position of the acting CFO at ArcelorMittal Temirtau.
The previous AMTPA CEO Zhenis Utegenov has been appointed development director at the company. His tasks now are to increase output and develop new markets. (Ukrainian metal)
In January-September the miners of Stepnoy pit, a part of Russky Ugol, yielded over 3.1 million tons of power-generating coal.
Since the pit has been put into operation, it has mined 57 million tons of coal.
The Stepnoy factory has already processed 2.6 million tons of coal this year. (Ukrainian metal)
Aktogay Processing Factory, a part of KAZ Minerals, has reached the level of the projected sulfide ore processing capacity.
Because of the higher than expected copper content in the ore, the factory will produce 70-85 thousand tons of copper in 2017.
Now the group awaits good results from Bozshakol as well. (Ukrainian metal)
The state enterprise Pervomayskugol has ordered Ertlite LLC the delivery of lifting and transportation machinery valued at 14.48 million UAH.
The company ordered 2300 meters of belt at 3772 UAH per meter and two hoppers at 2.9 million UAH apiece. (Ukrainian metal)
Energomashspetsstal has shipped the loading and unloading trunnions for ore mills to Ingulets Iron and Steel Works. The total weight of the order is 71 tons. The companies have been cooperating for over 10 years. Many InGOK mills have equipment produced at EMSS. The next batch is expected by the end of the year. (Ukrainian…Details
GV Gold (Vysochaishiy) is negotiating the purchase of Zoloto Kamchatki from Renova. GV Gold intends to have an IPO in 2018, and for its success the company total output should be increased to 10-15 tons of gold per year (in 2016 Vysochaishiy produced 5.1 tons). GV Gold also showed interest in the Irkutsk region asset…Details