In November Ukraine produced 1.325 million tons of steel, down by 20.1% YoY and by 15.1% MoM. Thus the country fell to the 15th position in the global steel rating compiled by Worldsteel. In November 64 countries produced 147.791 million tons of steel, down by 1% YoY. In 11 months output totaled 1.684 billion tons,…Details
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At the Extraordinary General Shareholders’ Meeting (EGM) held on December 20 NLMK shareholders approved the payment of Q3 dividends of 3.22 rubles per share. The total amount of Q3 dividends payable to shareholders is equivalent to 124% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date…Details
The Finance Ministry will spend 300 million UAH to pay salaries to state miners until the end of the year. According to the finance minister Oksana Markarova, it is necessary to review the state mines financing system. “There is a systemic problem in the industry – a small number of mines on the verge of…Details
In January-September Interpipe increased revenue by 5% YoY, to $863 million. Revenue from the sales of railroad products grew by 36%, to $297 million, mostly thanks to the CIS market. At the same time pipe sales revenue dropped by 7%, to $535 million, mostly due to the decrease in the OCTG sector by 27%. EBITDA…Details
Chelyabinsk Iron and Steel Works has completed capital repair of one of its three blast furnaces. The modernized blast furnace No. 4 with gas-purification equipment is being commissioned. The repair started in July. The builders have completely disassembled old machinery, replaced refractory lining and assembled new gas-purification system. (Ukrainian metal)Details
The prospecting company Azarga Metals Corp. intends to invest some $187 million in the development of the Unkur copper deposit in Zabaikalye region. The company started inspecting the deposit in 2015. The reserves were estimated at 62 million tons of ore with a 53% of copper content and silver content of 38.6 g per ton.…Details
In October Russia exported 10.2 thousand tons of secondary aluminum, up by 22% MoM and by 31% YoY. Deliveries to Japan grew by 23%, to 7.5 thousand tons. Exports to Cyprus dropped by 26%, to 930 tons. In 10 months exports totaled 93.7 thousand tons, up by 53% YoY. In monetary terms since the start…Details
In 2019 Kazakhstan intends to mine 22,742 tons of uranium, up by 5% YoY. Kazakhstan accounts for almost 40% of the global uranium output. At the same time, prices on the uranium market are low, so Kazakhstan tries to produce high-added value goods. In particular, Ulbinsky Iron and Steel Works will produce fuel assemblies for…Details
In January-November Zaporozhye Iron Ore Complex increased ore output by 2.3% YoY, to 4.27 million tons. In November the enterprise produced 398.9 thousand tons of ore with the iron content of 60.86%. Sales in 11 months reached 4.455 million tons. In 2018 ZZhRK mined 4.552 million tons of ore, up by 1.1% YoY, with the…Details
In October Russia exported 7.2 thousand tons of ferromanganese, down by 17.3% MoM, but up by 52% YoY. Deliveries to the Netherlands decreased by 53%, to Belarus by 6% and to Ukraine by 29%, to 1.1 thousand tons, 218 tons and 365 tons respectively. Ferromanganese was not exported to Canada, Turkey and Mongolia at all.…Details
In October Russia imported 109.5 thousand tons of manganese ore and concentrate, up by 23% MoM and by 11.3% YoY. Deliveries from the South Africa grew more than 2-fold, from 28.6 thousand tons to 66.2 thousand tons, while from Kazakhstan – by 39%, to 15.6 thousand tons. At the same time Gabon decreased exports by…Details
The Kharanorsky Pit, one of the largest SUEK enterprises in Zabaikalye region, has fulfilled its annual output plan in advance, having extracted 3.842 million tons of coal. The overall regional target for SUEK was 5.74 million tons of coal and 29.73 million tons of excavated rock. The excavation plan has also been fulfilled in advance…Details
As of December 1, Magadan region has extracted 43.74 tons of gold, up by 8.4 tons YoY. The annual target was 42.7 tons, and it was reached 1 month earlier than planned. Tenkinsky city district yielded the most ore gold – 18.3 tons. Alluvial gold accounted for 18.22 tons, with the Yagodinsky city district yielding…Details