The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…Details
The net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30.
In Q3 the company also paid interest on the loans in the amount of $99 million.
Royalty payments totaled $49 million.
The gross debt of the group is $3.502 billion. (Ukrainian metal)
As of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the company’s board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were…Details
In August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…Details
The supervisory board of Dneprospetsstal has once again extended the powers of the acting chairman Vitaliy Korniyevsky for 3 months. The decision was taken at the board meeting on October 31. On April 23, 2009 the supervisory board relieved Daniel Valk of the duties of the chairman, having appointed Vitaliy Korniyevsky instead. Since then his…Details
The Moscow Stock Exchange has started trading in futures contracts for non-ferrous metals (aluminum, nickel, zinc and copper). The size of the aluminum and zinc lots is 1 tons, and of nickel and copper – 0.1 tons. Three series of futures have been allowed for trading – with maturity in December 2018, as well as…Details
Beloretsk Iron and Steel Works has been awarded the title of a reliable supplier by one of the largest bearing works of Russia – Vologda Bearing Plant. The companies have been cooperating since 2004. BMK is supplying bearing wire with the diameter of 0.8 to 1.5 mm to VBP. The wire is used to produce…Details
Kyshtym Electrolytic Copper Plant has received new Linde electric forklifts.
The machines have been sent to the railroad and copper wire rod shops.
They will be used to load products into containers.
The forklifts operate on lithium-ion batteries, thus not polluting the closed premises. (Ukrainian metal)
The Ural Aluminum Works has commissioned a modernized manufacture. The decomposition substitutive module will increase alumina output by 130 thousand tons per year, to 900 thousand tons. Investments in the construction, which began in 2014, totaled some 640 million rubles. At the same time, the works intends to reach the capacity of 1 million tons…Details
NLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…Details
The delegation of the Federal Republic of Germany has visited PJSC ArcelorMittal Kriviy Rih, the biggest mining and metallurgical company of Ukraine. The visit took place on October 26 as a part of business visit to Ukraine of the representatives of German industrial companies united by non-government organization German Eastern Business Association. At the plant…Details
Chaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerra’s prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, “the ultimate objective of this…Details
In January-September Metinvest kept the iron ore concentrate output unchanged YoY, at 20.54 million tons. Pellets manufacture increased by 32%, to 5.754 million tons, while saleable concentrate output dropped by 18%, to 5.671 million tons. In Q3 the manufacture of iron ore concentrate decreased by 7% QoQ, to 6.554 million tons because of the drop…Details
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date was extended until January 31, 2019, statement of…Details
Brazil is eager to continue supplying Kazakh uranium ore concentrate, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Brazil Kairat Sarzhanov said at a briefing in Astana on October 31. He reminded that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April Kazatomprom won a…Details
The Prime Minister of Ukraine Vladimir Groysman has reacted to the address of the Lugansk regional state administration and called a meeting on problem issues of coal industry and the clearing of salary debts to miners. Deputy chairman of the regional administration Yuri Klimenko reported on the situation at the Mine named after Kapustin, where…Details
Yurga Machine-Building Works LLC and the Yubileynaya Mine LLC have signed an agreement on the delivery of 50 sections of mechanized anchoring. The first batch of 10 pieces the mine will receive in March 2019. The company has created a special type of anchoring for the mine. It does not look different from older models,…Details
In July-September Metalloinvest increased pellets output by 2.4%, to 7.1 million tons, mostly because of the change in the schedule of repairs at LGOK. In January-September the group produced 20.8 million tons of pellets, up by 11.8% YoY. Metalloinvest also produced 10 million tons of iron ore in Q3, down by 1.3% QoQ, and 30…Details
In January-September Metinvest increased steel output by 3% YoY, to 5.597 million tons. Steel manufacture in Q3 dropped by 8% QoQ, to 1.803 million tons, mostly because of the decrease at Azovstal by 171 thousand tons due to the shut down of converters Nos. 1 and 2 for scheduled repairs, which lasted for 7 and…Details
Kyrgyzaltyn OJSC commented on speculations about possible sale of Centerra Gold’s shares and Kumtor project to a Chinese company Shadong Gold. Kyrgyzaltyn sent a request to the Canadian investors to clarify the information. They replied that since Centerra Gold was a public company, it could receive various offers from third parties, including Chinese investors, about…Details
Technological equipment of the Italian company Danieli will be used for the production of cold-rolled steel with protective coatings at the Tashkent Metallurgical Plant (TMP), the Uzbek company reported. According to the information, the total production of the enterprise will amount to 500,000 tons of metal products per year, of which 200,000 tons will account…Details
PJSC ArcelorMittal Kriviy Rih has run an open international competition on professional skills of drivers. Seven teams took part in the competition. There were teams of Zaporizhstal, Poltava Mining Complex, Kryvbass Belaz Service JV, and teams of Ukrainian and Kazakhstan Companies of ArcelorMittal Group. PJSC ArcelorMittal Kriviy Rih has been running such competitions for drivers…Details
In January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…Details
In January-September Primorye region produced 1748 tons of tungsten concentrate, up by 33% YoY. Two enterprises are mining for the concentrate in the region – Primorsky Mining and Processing Works and Lermontovsky GOK LLC. Primorsky GOK produced 1513 tons of tungsten concentrate and Lermontovsky GOK – 235 tons. Primorsky GOK also produced 366 tons of…Details
The railroad shop of Uralelectromed has received 100 cathode trolleys with the lifting capacity of 8 tons each. The shop has also purchased 50 anode trolleys of the new design to transport heavy copper anodes (the weight of an anode is 396 kg). “The new trolleys will allow us optimizing transportation of anodes and cathodes…Details
Severstal has concluded contracts for the manufacture of metal structures for the blast furnace jacket and the delivery of refractory materials and the cooling system under the project to construct the blast furnace No. 3 at Cherepovets Iron and Steel Works. The jacket will be produced by Vitkovice (the Czech Republic). Refractory materials will be…Details