PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and Russian Platinum LLC have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel…Details
RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at…Details
Energomashspetsstal has shipped ArcelorMittal companies 345 tons of supporting rolls. According to the company press-service, the contract to produce rolls was signed in 2017. In particular, for ArcelorMittal Temirtau EMSS produced 197 tons of rolls for hot- and cold-rolling mills. 148 tons were shipped to ArcelorMittal works in Spain, Belgium and France. At present over…Details
The state enterprise Toretskugol has ordered the Donenergoexport LLC the delivery of 300 tons of mine sections valued at 11.63 million UAH. The enterprise has ordered three types of sections with the length of 12 m: 150 tons of SVN-22, as well as 75 tons of SVP-27 and SVP-33 sections each. One ton of each…Details
According to the Svoboda Truda union chairman Igor Tokovenko, on April 18 the Severniy Mining and Processing Works employees will go on a strike. They intend to demand increase of salary, decrease of the working hours norms and setting up labor terms. Last year the State Fiscal Service found out that the enterprise did not…Details
Russian gold producer Polymetal International has signed an agreement with Russian Copper Company to exchange the Tarutinskoye field in Russia for 85% in the East Tarutinskoye field in Kazakhstan, Polymetal said in a statement on April 16. “As a result of the transaction, Polymetal will receive 85% of LLP Tarutinskoye, the license holder for the…Details
In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…Details
Lemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…Details
Astana is gearing up to host the 25th World Mining Congress on June 19-22. Majilis member Albert Rau said that it would be a milestone event dated to the 60th anniversary since its establishment of the Congress in Warsaw in 1958. According to Rau, the establishment of the congress led to a significant breakthrough in…Details
Russia: VSMPO-Avisma concerned about place on the market due to a ban on titanium supplies to the US
Russia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…Details
Belarus Iron and Steel Works (BMZ trademark) plans to supply $40 million worth of products to Ukraine in 2018, the company’s representatives declared following the “Made in Belarus” expo. “As for the 2018 plans, we will probably sell 100,000 tons of products (around $40 million) to this market. We have ambitious plans. BMZ has a…Details
Russian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…Details
Rio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement.
On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)
Personal belongings of employees were stolen from the territory of the Chinese enterprise GL Makmal Developing at Makmal. According to the company, all the employees of the enterprise have started working, but the Chinese investors do not yet know at whose expense the burned objects will be restored. It is known that the government and…Details
Last week the price of one ounce of gold increased by 13.2345 manats or by 0.58%, to 2,276.3956 manats. The price of one ounce of silver increased by 0.1846 manats or by 0.66%, to 28.0715 manats. The price of one ounce of platinum increased by 16.4305 manats or by 1%, to 1578.8835 manats And the…Details
Some politicians are involved in the riots that occurred in Toguz-Toro district, where the gold processing plant under construction was set on fire, the Prime Minister of the country announced at a meeting of Kyrgyzstan parliamentary faction. Sapar Isakov said that the Ministry of Internal Affairs asked for time for investigation. But the names of…Details
Zaporizhstal has opened the season of shipping metal products via water transport. This year the company intends to deliver some 600 thousand tons of metal via the River Dnepr. Zaporizhstal metal has already been delivered over the water to Greece, Bulgaria, Turkey, Romania, Georgia, Serbia and Macedonia. “This year we will keep the volumes of…Details
The Armyansk City Court has found Titanium Investments – Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of…Details
In March, according to the railroad statistics, direct supplies of ferrous scrap to MMK totaled 64 thousand tons, down by 8.6% MoM and by 43.7% YoY. In February the results were up by 4.3%, but down by 39%, while in January – down by 72% and by 36% respectively. In January-March the company received 192.1…Details
Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…Details
In January-March Chukotka Autonomous District mined 183 thousand tons of coal, up by 6.6% YoY.
Beringpromugol, operating at the Fandyushkinskoye Pole deposits, mined 140 thousand tons of coal, up by 32% YoY.
This year the company intends to extract 600 thousand tons of coal. (Ukrainian metal)
Energomashspetsstal has shipped a large batch of rolls to ABB.
The total weight of the shipment was 177.29 tons.
The rolls will be used in the manufacture of electric engines.
The companies have been cooperating for 10 years. (Ukrainian metal)
Sinarsky Pipe Works has produced the 35-millionth ton of pipes. The milestone has been reached in 82 years after the manufacture of the first pipe. The casing pipe with the diameter of 101.6 mm and wall thickness of 6.5 mm was produced at the pipe-rolling shop No. 2. Thanks to modernization, last year the company…Details
Russian gold producer Polyus has asked the government for support in construction of a bridge across the Yenisei River, Vice President Sergei Zhuravlyov said. The bulk of gold reserves of the region is located on the right bank of the river, where reserves of antimony, zinc, lead, and magnesite are also located. Their production is…Details