Zlatoust Electrometallurgical Works is preparing to commission the fifth Bosio heat treatment furnace. The construction of a new heat treatment site on the basis of the rolling shop No. 3 has become a part of a large-scale project to unite all processes of metal treatment in one shop. Having commissioned Bosio furnaces in September 2019,…Details
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In 2019, Sukhaya Balka increased iron ore output by 0.3% YoY, to 2.727 million tons. In December 2019, the enterprise produced 243 thousand tons of ore. In 2018, the output grew by 8.4%, to 2.725 million tons. Last year Sukhaya Balka intended to prepare two new horizons (1500 and 1580 meters) at the Yubileynaya mine.…Details
In 2019 Izmail seaport decreased throughput by 8.5% YoY, to 4.3 million tons. Due to the crisis of the metal industry, exports of pellets have decreased considerably. At the same time, the annual target has been met, mostly due to the 2-fold growth of iron ore raw materials transit, to 245.9 thousand tons. The port…Details
The VTB bank is providing a gold-extracting company Omchak with a loan of 2.9 billion rubles for 7 years. The interest rate is set at 9.75%. Susumanzoloto, the parent company of Omchak, acts as a pledger. The board of directors approved of the loan and pledge until October 8, 2029. Susumanzoloto will pledge 100% of…Details
Polyus Aldan continues its tradition of commissioning new machines at the start of the year. While last year the company received 5 dump trucks, this year it put 6 machines into operation. The Komatsu and Caterpillar trucks have been manufactured taking into account their operation in the conditions of the North. 4 dump trucks with…Details
Backstar Holdings Limited (Cyprus) has purchased 15.46% of Seligdar shares, having increased its share from 3.75% to 19.21%. All in all the company has bought 186.6 million voting shares. The price of the purchase was not disclosed. Now the Cyprus company owns 190.4 million shares. Backstar Holdings increased its share in Seligdar in November 2019…Details
In November 2019 Russia exported 63.3 thousand tons of refined copper, down by 4% MoM and by 7% YoY. Deliveries to China continued growing and reached 28 thousand tons (13 thousand tons in October 2019 and 7 thousand tons in September 2019). Exports to Germany stopped. The Netherlands imported 35% of the total volume (22…Details
In November 2019 Russia imported 4.6 thousand tons of aluminum scrap and wastes, up by 70% MoM and by 60% YoY. Deliveries from Kazakhstan remained unchanged at 16.8 thousand tons. At the same time, purchases from US grew 3-fold, to 2.3 thousand tons. In 11 months of 2019 imports totaled 27.6 thousand tons, down by…Details
NLMK Group has published its Q4 2019 and 2019 operating results. In 2019, steel output decreased by 10% YoY, to 15.7 million tons, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tons, or by 3%, following the decrease in output. Sales to “home” markets grew…Details
The railway wheel production by Vyksa Steel Works, a part of United Metallurgical Company (OMK), increased by 11% YoY, to 951,000 in 2019, the company said in a statement on January 20. Exports to the non-CIS states fell by 66.7%, the company said without disclosing absolute figures. The share of foreign contracts in the portfolio…Details
In the fourth quarter of 2019 the total production volume of the Anglo Asian Mining PLC gold mining company operating in Azerbaijan increased by 1.7%, to 82,800 ounces in gold equivalent (81,400 ounces in 2018). Gold production amounted to 70,100 ounces, which down by 3.7%. At the same time, copper production amounted to 2.2 tons,…Details