In January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…
DetailsIn January-September Primorye region produced 1748 tons of tungsten concentrate, up by 33% YoY. Two enterprises are mining for the concentrate in the region – Primorsky Mining and Processing Works and Lermontovsky GOK LLC. Primorsky GOK produced 1513 tons of tungsten concentrate and Lermontovsky GOK – 235 tons. Primorsky GOK also produced 366 tons of…
DetailsThe railroad shop of Uralelectromed has received 100 cathode trolleys with the lifting capacity of 8 tons each. The shop has also purchased 50 anode trolleys of the new design to transport heavy copper anodes (the weight of an anode is 396 kg). “The new trolleys will allow us optimizing transportation of anodes and cathodes…
DetailsSeverstal has concluded contracts for the manufacture of metal structures for the blast furnace jacket and the delivery of refractory materials and the cooling system under the project to construct the blast furnace No. 3 at Cherepovets Iron and Steel Works. The jacket will be produced by Vitkovice (the Czech Republic). Refractory materials will be…
DetailsThe drop-hammer shop of the Volgograd Iron and Steel Works has finished the modernization of automobile scales. The modernization has been carried out in 3 months, according to the schedule. At the first stage the logistics specialists have determined the best place for the weighing complex. Then the constructors started preparing the site. The lifting…
DetailsIn January-September Ukraine mined 24.849 million tons of coal, down by 5.1% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 11.8%, to 4.463 million tons, and of power-generating coal by 3.5%, to 20.385 million tons. In September coal output grew by 8.3% YoY, to 2.781 million tons. The…
DetailsIn January-September Norilsk Nickel received 146.38 billion rubles of net profit as calculated under the Russian standards, up by 49.8% YoY. According to the group statement, its revenue increased by 45.6%, to 447.53 billion rubles, gross profit amounted to 279.52 billion rubles, up by 57.5%, and sales profit went up by 63.1%, to 249.35 billion…
DetailsThe Subsoil Use Licensing Commission denied Alliance Altyn’s application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the…
DetailsPrices of precious metals decreased in Azerbaijan on October 31, according to the data published by the Central Bank. The price of gold dropped by 18.9975 manats, to 2,068.4155 manats per ounce on October 31 compared to the price on October 30. The price of silver fell by 0.2183 manats, to 24.4553 manats per ounce.…
DetailsThe bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021. The funds will be spent to refinance the current loan obligations and cover operational expenses. “The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by…
DetailsIn January-September Trevozhnoye Zarevo, developing the Asachinskoye deposits in Kamchatka, extracted 920 kg of gold and 2.8 tons of silver. Gold output grew by 16.5% YoY and that of silver – more than 2-fold. In January-September 2017 the output was 790 kg of gold and 1.4 tons of silver. This year the company intends to…
DetailsIn January-September Yakutia mined 13.037 million tons of coal, up by 5.2% YoY. In Q1 the output was 4.256 million tons, up by 6.6% YoY, in Q2 – 4.296 million tons (+3.7%) and in Q3 – 4.526 million tons (+5.7%). This year the region intends to yield 18 million tons of coal, up by 7%…
DetailsThe Metprom Group of Companies is designing a mini-works to produce bars in the town of Bratsk – the Bratsk Iron and Steel Works.
The plant in the Irkutsk region is supposed to have a capacity of 270 thousand tons per year.
Investments in the project will exceed 7 billion rubles. (Ukrainian metal)
Metinvest has joined the Association of Industrial Automation Enterprises of Ukraine. This will provide the company with the additional ways to cooperate in the automated management of manufacturing processes and IT with other participants. The group plans to implement innovations at its enterprises and support the national Industry 4.0 programs and initiatives. The center of…
DetailsThe supervisory board of Zaporozhkoks has terminated the powers of the current CEO of the enterprise Vitaliy Litovka. The decision was taken at the meeting of the board on October 26. The last day in the office for Litovka, who has been the CEO since June 5, 2015, is October 31. The supervisory board has…
DetailsMiners of Lisichansk in Lugansk region have stopped the operation of all the 4 mines and blocked the road demanding their salary debts to be cleared. The Lisichanskugol miners started striking 11 days ago at the depth of 575 meters. On October 29 they started fulfilling their threats: they blocked the roads in the town…
DetailsThe quota for all countries introduced by the European Commission in response to the 25% duty from US in 100 days has been 40-45% used on 11 items exported by Ukraine. As of October 26, the least used quota is that for cold-rolled flat rolled alloyed and unalloyed steel – 23.46% (309.451 thousand tons of…
DetailsOn October 29 the state enterprises Selidovugol and Mirnogradugol received new management. At the former the acting CEO is now Sergey Pakhomov, and at the latter – Vitaly Sidorchenko. This was reported by Mikhail Volynets, chairman of the Independent Miners Union of Ukraine. “At the same time, the Ministry of energy and coal industry wanted…
DetailsArcelorMittal intends to invest some $1.5 billion in the development of its Kriviy Rih plant.
This year $400 million will be invested.
In 2006-2017 investments totaled $4.5 billion.
Earlier AMKR has completed the scheduled reconstruction of the blast furnace No. 7, and commissioned 450 open cars. (Ukrainian metal)
In January-September KAZ Minerals increased raw copper output by 12% YoY, to 216.8 thousand tons.
According to the group statement, in Q3 output grew by 7% QoQ, to 77.2 thousand tons.
Zinc manufacture in 9 months decreased to 38.3 thousand tons from 45.8 thousand tons last year. (Ukrainian metal)
The Ministry of industry and trade intends to link the state support to agriculture machine-building to the use of Russian aluminum from 2020. The ministry has prepared and published amendments to the rules of budget subsidizing of deals with agricultural machines. Now, in order to receive the state support, the manufacturers have to provide a…
DetailsIn January-September the average time of ferrous metals scrap deliveries by railroad to metal works totaled 5.4 days, up by 16.4% YoY. At the same time, for the batches weighing up to 260 tons (77% of all deliveries) the delivery time was 5.62 days, up by 17.3%. The smallest increase (by 5.6%) was for the…
DetailsThe drilling has confirmed the reserves of tungsten and molybdenum at the North Katpar deposits in Karaganda region. According to Tau-Ken Samruk, the reserves total some 90 thousand tons of tungsten and 13 thousand tons of molybdenum. The main difficulty with the development of the deposit is the lack of processing techniques in Kazakhstan. So…
DetailsRussian gold producer Polymetal International has agreed to sell the Kapan gold ore field in Armenia to Chaarat Gold, which mines gold in Kyrgyzstan, for $55 million, Polymetal said in a statement on October 30. “Polymetal International Plc has signed a legally binding agreement with Chaarat Gold Holdings Limited to sell the Kapan mine in…
DetailsPrices of gold, silver and palladium decreased, while platinum rose in price in Azerbaijan on October 30, according to the data published by the Central Bank. The price of gold dropped by 8.9165 manats, to 2,087.413 manats per ounce on October 30 compared to the price on October 29. The price of silver fell by…
DetailsIn January-August Russia imported 358.7 thousand tons of ferrous metal scrap from Kazakhstan, down by 13.4% YoY.
According to the customs statistics, the average price was $266.4 per ton without VAT, up by 44.7%.
In 8 months the cost of scrap increased by 8.1%, to $94 million. (Ukrainian metal)