Another BelAZ-75131, the eighth this year, has started operating at the Pervomayskiy quarry of the Severniy Mining and Processing Works. Having commissioned the 130-ton machine, named the Rock, SevGOK has fulfilled its program to renew its quarry machinery fleet. Each 130-ton truck can transport some 800 cubic meters of rock in a shift. (Ukrainian metal)Details
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In October Krasniy Octyabr produced over 24 thousand tons of special purpose steel, up 5-fold YoY. The company continues modernizing its manufacturing sites. Thus, steel smelting furnace No. 5 and the Metso Lindemann shearing press have been repaired and commissioned. The mill-1600 in the sheet-rolling shop has resumed operation after a long delay. All this…Details
ChTPZ will spend 1.66 billion rubles from its net profit in January-September and a part of undistributed profit (1.33 billion rubles) from previous years to pay dividends. The corresponding decision has been taken by the board of directors. The recommended amount of dividends is 5.45 rubles per ordinary share for 9 months of 2019 and…Details
In September Russia exported 27 thousand tons of ferrosilicon, up by 14% MoM and by 5% YoY. Deliveries to the Netherlands and Turkey dropped by 28% and by 30%, to 5 thousand tons and 1 thousand tons respectively. Exports to Korea grew to 5.6 thousand tons from 3.8 thousand tons, and to Japan – 2-fold,…Details
In January-October Rusolovo manufactured 1819.5 tons of tin in concentrate form, up by 54.6% YoY. This year the company had to produced at least 1600 tons of tin. Thus, the target has already been 13.7% exceeded. In 2020 Rusolovo intends to complete the modernization of the Solnechnaya processing factory at the Festivalnoye deposit. Thanks to…Details
In January-October Electrostal decreased continuous cast billet manufacture almost 4-fold YoY, to 73 thousand tons. In January-September output dropped 3.3-fold. Since then the company has not produced anything. In October the works was idle. In September 1 thousand tons of billets were produced, and then the company ceased operation due to unfavorable situation on metal…Details
Zaporizhstal shareholders have appointed Alexander Mironenko a new CEO instead of Rostislav Shurma. Mironenko came to Metinvest in 2007 from Smart-Holding. In 2007-2010 he worked at Promet Steel (Bulgaria), and in 2010-2019 in the Metinvest operational direction. He has been a member of the supervisory boards at Yenakievo By-Product Coke Enterprise and Promet Steel, and…Details
The state enterprises Vostochniy Mining And Processing Works and Energoatom have concluded an agreement on the supply of uranium oxide concentrate in 2020-2026. “The level of prices for uranium manufacture at VostGOK will provide for a stable operation of the enterprise and the development of the only uranium producer in Ukraine”, the company reported. The…Details
The Federal Antimonopoly Service has suggested selling all the scrap of state companies via exchanges. Since state companies are not always involved in procurement, the Service suggests purchasing services to process and sell scrap at auctions organized by commodity exchanges. The Service also plans to create a single electronic system on scrap. This is not…Details
In January-October Magadan region extracted 314.1 thousand tons of coal, down by 4.3% YoY. Three companies are extracting coal in the region – Kolyma Coal Company LLC, Association of Business Cooperation LLC and North-Eastern Coal Company LLC. This year the region has to extract not less than 360 thousand tons of coal, down by 10.3%…Details
In September Russia imported 1.6 thousand tons of aluminum scrap and waste, down by 32% MoM, but up by 47% YoY. Deliveries from Kazakhstan dropped by 36%, to 912 tons. Imports from USA fell from 410 to 251 tons. In 9 months imports totaled 20.3 thousand tons, down by 26% YoY. In monetary terms since…Details
In September Russia exported 1.3 thousand tons of raw chrome, down by 27% MoM, but up by 23% YoY. Deliveries to US grew 2.5-fold, to 332 tons, but to the Netherlands fell by 44%, to 800 tons. In 9 months exports totaled 14 thousand tons, down by 3.5% YoY. In monetary terms since the start…Details
Last week the price of one ounce of gold increased by over 5.1 manats ($3) or by 0.5%. The average price of one ounce of gold stood at 2,498 manats ($1,469). The price of one ounce of silver grew by 0.2462 manats ($0.14) or by 0.85%, to 29 manats ($17). The price of one ounce…Details