The annual meeting of the shareholders of Vysochaishiy (GV Gold) has elected a new board of directors. The number of independent directors has increased to 50%. It was also decided to spend 2.237 billion rubles to pay dividends for 2017. This is 30% of the EBITDA and the record high payment to GV Gold shareholders.…Details
In April, according to the customs statistics, Russia exported 9.7 thousand tons of corrosion-resistant steel valued at $10 million, down by 1.9% MoM, but up by 50.5% YoY. Revenue dropped by 4.5% MoM, but increased by 66.7% YoY. In January-April exports reached 31.6 thousand tons, up by 9.4% YoY, valued at $33 million, up by…Details
In January-April Russia imported 78.7 thousand tons of corrosion-resistant steel valued at $179 million, down by 8.6% and by 2% YoY respectively. According to the customs statistics, 600+ mm sheet accounts for 90% of the deliveries. The main supplier is China (41%), followed by Taiwan (16.5%). Spain and South Korea supply some 8% each. (Ukrainian…Details
In January-May Buryatia extracted 1569.7 kg of gold, up by 24.5% YoY. In particular, ore gold output totaled 1432.5 kg and alluvial gold – 137.2 kg. Ore gold is mined by Buryatzoloto, Zapadnaya miners team and Sininda 1 miners team. The largest alluvial gold extractors are Sininda 1, Priisk Tsipikansky LLC, Vitimgeoprom, Kurba miners team…Details
In June Severstal Steel Decisions has finished supplying metal structures weighing 322 tons for the construction of the wholesale market in Primorye region. The building with the total size of 9600 square meters will be used for loading and unloading. The length of the building will be 120 meters, while the height – 11.5 meters.…Details
Chepets Mechanical Works has commissioned a system of manufacturing management in the bar shop. The new information system on the basis of MES Hydra allows monitoring the rolling mills operation in real time. The data gathering has decreased from 8 hours to 5 minutes. The project will result in the digital transformation of zirconium refining.…Details
Specialists of Beloretsk Iron and Steel Works have presented their newest import-substituting products to mining companies of Kemerovo, Krasnoyarsk, Zabaikalye and Khabarovsk regions, as well as Republics of Khakassia and Buryatia, and Uzbekistan. Trial batches of steel ropes with polymer coating will be supplied to customers, while the full-scale manufacture will start in early 2019.…Details
Gold and silver producer Polymetal International is ready to buy a pressure oxidation unit (POX) from Russia-focused gold producer Petropavlovsk Plc for $250 million. Polymetal is even ready to finish construction of the unit on its own and to buy 300,000 tons of refractory ore concentrate from Petropavlovsk per year to refine it at the…Details
The state enterprise Lvivugol will buy mining machinery for the Stepnaya mine valued at 120.65 million UAH. The corresponding auction has been announced in the Prozorro system. In particular the enterprise intends to purchase a shearer, a long wall conveyer with the length of 300 meters, 200 anchoring section moving mechanisms with hydraulic jacks and…Details
In January-May the gold-ore company Pavlik, developing the deposits of the same name in Magadan region, obtained 2700 kg of gold, up by 8% YoY. The manufacturing plan for the year is the same – 7 tons of the precious metal, up by 7.7% YoY. Last year Pavlik obtained 6.5 tons of gold. The company…Details
Bakyrchyk Mining Enterprise has been put into operation in the East Kazakhstan region. The enterprise will be developing a major gold project Kyzyl (Bakyrchyk and Bolshevik deposits). Its reserves are estimated at 280 tons of gold with the average content of 7.7 g per ton. When the enterprise reaches project capacity in 2019, it will…Details
Uchaly Mining and Processing Works has received 2 Sandvik DD311 drilling machines and a Sandvik TH545 underground dump truck.
The machines will be operating at the Novo-Uchalinsky mine.
This is the second underground truck bought this year for the Novo-Uchalinsky deposits.
Ore mining will start next month. (Ukrainian metal)
RusHydro will support the project on the construction of Taishet Aluminum Works. All it is waiting for is the decision of Rusal. In early April RusHydro approved participation in the project. The company share was to be not more than $319.5 million. RusHydro will get 50% in the charter capital of the joint company RusAl…Details
The United Metal Company has opened an Internet store.
The shop sells springs made by Chusov Iron and Steel Works as well as Almeteyevsk Works pipes.
The new system allows small and medium business to order products directly from manufacturers. (Ukrainian metal)
Vorkutaugol has purchased special mobile devices to check mining machinery and carry out labor safety audits. Before going underground a wireman runs a special app on the smartphone. Near the machines there are special reading devices. The smartphone screen shows what has to be done with each machine. The first 12 devices are being tested…Details
OJSC MMK-Metiz, a part of PJSC Magnitogorsk Iron and Steel Works (MMK) Group, held its annual general meeting of shareholders (AGM). In 2017 MMK-Metiz’s share of the domestic market in Russia grew by 2% YoY, to 352 thousand tons, while export sales grew by 2.8%. The largest Russian metal wares producers that are part of…Details
In January-May Donetsk region (without the part seized by the pro-Russian militants) increased industrial output by 4.3% YoY. At the same time metal and metal wares output dropped by 3.7%. Coal mining grew by 4.2%, to 5 million tons. Coke output reached 2.2 million tons, up by 20.1%. Steel manufacture decreased by 4.2%, to 3.3…Details
In May Ukraine increased steel output by 2.9% YoY, to 1.695 million tons. According to Worldsteel, Ukraine dropped back to the 14th position among 67 countries-manufacturers of steel. The first place is traditionally occupied by China (81.127 million tons, up by 8.9%). Taiwan, though decreasing output by 14.4%, to 1.715 million tons, was able to…Details
In April, according to the customs statistics, Russia imported 152.8 thousand tons of pig iron from Ukraine. In March the deliveries totaled 136.8 thousand tons. Ukraine started supplying pig iron to Russia in November 2017 and in 6 months exported 590 thousand tons. Rostov region accounted for some 60% of purchases, followed by Moscow region…Details
In April, according to the customs statistics, Russia imported 50.2 thousand tons of flat galvanized rolled metal, up by 14.6% MoM, but down by 15.5% YoY. In January-April imports fell by 19.4% YoY, to 172.8 thousand tons. Kazakhstan was the main supplier (58 thousand tons, down by 16%), followed by South Korea (26.5 thousand tons,…Details
In April Russia imported 28.7 thousand tons of galvanized polymer-coated rolled metal, up by 7.6% MoM, but down by 34.6% YoY. In January-April imports totaled 84.1 thousand tons, down by 33.2% YoY. The main supplier was China (26.2 thousand tons, down by 53.3%), followed by Kazakhstan (19.4 thousand tons) and South Korea (14.6 thousand tons).…Details
The specialists of the mine department of Gaysky Mining and Processing Works are busy constructing a crushing-conveyer line at the depth of 1095 meters. The line, bearing the number of 11, upon completion will be connected to other two lines. At present the Metco crusher is being assembled. The length of the conveyer belt will…Details
The cost of the construction of the second stage of the Pavlik Mining and Processing Works in Magadan region is expected to amount to 15.5 billion rubles. The construction started in 2012. The development of the open pit began in late 2014. The first stage was commissioned in August 2015. In 2017 Pavlik reached the…Details
Pipe Metal Company has held an annual meeting of the shareholders.
According to the company statement, it was decided to distribute 2017 net profit as dividends of 2.28 rubles per ordinary share for the total amount of 2.355 billion rubles.
Ernst & Young was selected as the company auditor. (Ukrainian metal)