In January-July Ukrainian companies increased rolled metal consumption by 18.5% YoY, to 2.036 million tons. Rolled metal exports totaled 10.618 million tons, up from 8.477 million tons in H1 2016. In particular Ukraine exported 2.8 million tons of long rolled metal (2.091 million tons in H1 2016), 2.9885 million tons of flat rolled metal (2.925…Details
Avdiivka Coke and Chemical Works has started constructing a new tube-type furnace to heat coal pitch. According to the company statement, the object will remove failures in the whole coal pitch processing shop operation. Investments total 38 million UAH. At present the works operates 2 tube-type furnaces. They have been working long and need to…Details
Dneprovsky Iron and Steel Combine has stopped its blast furnace No. 12 for scheduled repairs. BF No. 1M and BF No. 9 are operating normally. They are fully provided with raw materials. The sinter shop No. 2 operates to supply sinter to the blast furnace shop. The converter shop is manufacturing square billets for rolling…Details
In January-July Ukraine exported 188.039 thousand tons of ferrous scrap, down by 19.4% YoY, valued at $40.627 million, down by 0.9%. At the same time scrap imports increased by 0.2%, to 15.031 thousand tons, valued at $13.96 million, up 3.4-fold. The main suppliers of scrap were Turkey (87.44%), Moldova (5.8%) and Russia (3.07%), with Turkey…Details
Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…Details
Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy.
According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled.
Still, until September most of the employees will not be working. (Ukrainian metal)
In January-June Russkiy Ugol enterprises mined 6.8 million tons of power-generating coal, up by 11% YoY and by 881 thousand tons from the target. Coal shipping in H1 totaled 6.5 million tons, up by 15% YoY. Krasnoyarskiy Krai was the leader in mining and shipping with output at 3.2 million tons, up by 23% YoY,…Details
In January-June KAZ Minerals produced 118 thousand tons of copper, having more than doubled its H1 2016 result (56 thousand tons) The Bozshakol GOK produced 52 thousand tons of copper, up 5-fold YoY. Aktogay GOK produced 33 thousand tons of copper. Copper output at Vostokcement and Bozymchak GOK in Kyrgyzstan decreased by 19%, to 33…Details
Lysva Iron and Steel Works has postponed the construction of the second cold-rolling shop for an indefinite period because of the absence of funds and the unfavorable economic situation in the country. “We started construction when the situation was favorable. But since 2014 we have been experiencing the lack of financing, the banks were not…Details
In January-June ChTPZ Group received 72.566 billion rubles, up by 6% YoY. Gross profit decreased by 21%, to 17.297 billion rubles, EBITDA – 11.001 billion rubles. In H1 the group profits totaled 2.101 billion rubles (5.81 billion rubles in H1 2016). In January the group was able to refinance its consortium loan of 75.689 billion…Details
According to the Federal Agency on technical regulation and metrology (Rosstandart), the GOST R 52146-2003 “The cold-rolled sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has been terminated, and a new standard GOST 34180-2017 “Cold-rolled steel sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has…Details
Almalyk Mining and Processing Works has started developing the Dalneye deposits. In April AGMK and RIVS (St. Petersburg, Russia) signed an agreement on cooperation to construct a copper-processing complex for $500 million. According to AGMK, the development of the deposits valued at $1.7 billion will provide for the mining of 23 million tons of ore…Details
On August 16, Vostochniy Mining and Processing Works uranium miners went on a strike. The ore mining and salary payment were stopped three months ago because of the expiry of the license to use subsoil resources. The company received the license 20 years ago and now it has expired. But the State Service on geology…Details
Warehouses of the Central Mining and Processing Works are full of products, which cannot be shipped because of Ukrzaliznytsia. With the nominal capacity of warehouses at 70 thousand tons, they now stock 103 thousand tons, while pellets have to be stored in the fields. “We are way behind our obligations to our customers, mostly in…Details
In July metal companies increased natural gas consumption by 4% YoY, to 130 million cubic meters. Average daily gas consumption totaled 4.2 million cubic meters. In 2016 daily average daily consumption totaled 4.8 million cubic meters, down from 5.5 million cubic meters in 2015. In January-July Ukrainian metal companies consumed 1 billion cubic meters of…Details
Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.
According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)
Australian-British Rio Tinto jointly with Kazgeologia started new exploration work in Karaganda region. According to the regional administration, the exploration is taking place in two areas of the region Korgantas and Balkhash-Saryshagan. The company expects to find three world-class copper deposits with at least 1 billion tons of metal. The volume of investments at the…Details
Nornickel’s Polar Transport Division shipped over one third of the coal planned for delivery to remote settlements of Taimyr. Vital cargo, supplied by the company under the “Northern Supply Haul” program, is transported by river barges and sea vessels to hard-to-reach Far North areas. Company’s annual cargo turnover exceeds 60 tons of the solid fuel.…Details
Rodinskaya miners have been paid 74% of the June salary. After that the mine, a part of Mirnogradugol, resumed operation. On August 10, the third shift miners refused to go underground demanding their salary debts for June and July to be cleared. According to the mine director Vitaly Maiboroda, the mine is in the liquidation…Details
In May the Azov sea environment inspection checked the compliance of Azovstal Iron and Steel Works with the environment legislation. Following the inspection the Azovstal has been fined for 11.645 thousand UAH. Each year Mariupol-based companies dump some 900 million cubic meters of wastewater into water basins, with Azovstal accounting for 87% of the total.…Details
In April-June Seversk Pipe Works received 94.3 million rubles of net losses, up from 42.2 million rubles of losses in Q1. The consolidated losses of STZ in H1 exceed 136.4 million rubles. In H1 2016 the company received 1.23 billion rubles of net profits. In Q2 the company sold 10.14 billion rubles worth of products,…Details
In July Almalyk Mining and Processing Works saved 6892.482 million soums worth of fuel and energy resources. In particular the company decreased electricity consumption by 13.2%, or by 29842.9 thousand kW-h, valued at 5898.5 million soums. The cement shop decreased electricity consumption by 30%, lime shop by 25.3%, Angren ore group by 21.6%. Natural gas…Details
Construction of the gold-extracting factory is drawing to an end in Akmola region. “The work is 87% complete. The main premises machinery is being assembled, and the substation is being constructed”, the city of Stepnogorsk mayor’s office reported. The cost of the project is 11774 million tenge. The capacity of the factory will be 1.1…Details
In January-June the Norilsk Nickel palladium investment fund Global Palladium purchased some 5 tons of metal (170 thousand troy ounces).
“The purchase volume in H2 will depend on the market situation”, the company CFO Sergey Malyshev reported.
According to him, the fund has been working quite actively, with revenue up 2-fold YoY. (Ukrainian metal)
In Q2 Taganrog Metal Works received 357.1 million of net losses, up from 58 million rubles in Q1. The combined losses of the company in H1 total 415 million rubles, up from 328 million rubles in H1 2016. In Q2 Tagmet revenue dropped by 9% QoQ, to 8.4 billion rubles. The combined revenue in H1…Details
In July Dneprospetsstal produced 21142 tons of steel and 13866 tons of rolled metal, down by 3.2% and up by 0.2% MoM respectively. The total cost of products manufactured in July was 688028 thousand UAH, up by 2.9% MoM. In January-July DSS produced 148887 tons of steel and 98499 tons of rolled metal, up by…Details