In April Rusal works decreased aluminum exports by 70% MoM and by 68% YoY, to 76.7 thousand tons. In March the company experienced an export growth of 13% MoM. Despite the ease of sanctions, none has resumed cooperation with Rusal. But all the major works in Siberia are operating. At the same time the aluminum…Details
Following almost 26 hours of discussion, the representatives of the employer PJSC ArcelorMittal Kriviy Rih and labor collective, despite of disagreements, reached an agreement to create reconciliation commission for settling collective labor dispute, which was registered earlier with the order of National Mediation and Conciliation Service in Dnipropetrovsk region. The parties have agreed to delegate…Details
The prices of main precious metals increased in Azerbaijan on May 7, according to the data published by the Central Bank. The cost of gold increased by 5.933 manats, to 2237.5315 manats per troy ounce compared to the price on May 4. The cost of silver increased by 0.1588 manats, to 28.119 manats per ounce.…Details
Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, is increasing the salary of its employees by 25-30%.
According to the company statement, the salary increase follows the order of the CEO Alexander Podkorytov.
From April 1 the salary has been increased by 23%. (Ukrainian metal)
Last week the price of one ounce of gold in Azerbaijan decreased by 15.283 manats or by 0.68%. Accordingly, the average price of one ounce of gold stood at 2,232.4842 manats. The price of one ounce of silver decreased by 0.471 manats or by 0.17%, to 27.8553 manats. The price of one ounce of platinum…Details
Energomashspetsstal is finishing the project to produce billets for the Akkuya Nuclear Power Plant (Turkey) first power block machinery. This year the total weight of deliveries under the contract has reached 650 tons. The last billets will be sent in late May. Among the total list of products a large drum shell could be highlighted.…Details
Within the program of major machinery modernization Yekaterinburg Non-Ferrous Metals Processing Works is expecting the delivery of the Schmidt drawing machine for wire manufacture. “The machine absolutely meets the requirements of our company. It is much up-to-date than its analogues, used in our drawing manufacture now. Because of that the highest quality of products is…Details
Vyksa Iron and Steel Works has produced 10 million tons of hot-rolled coils since the commissioning of its foundry-project complex. The complex started operating in October 2008 and was the first iron and steel works built in the Russia’s newest history. The VMZ complex produces hot-rolled steel coils with the thickness of 1-12.7 mm and…Details
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced that the Board of Directors at its meeting on April 26 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21. The record date for the list of shareholders eligible to participate in the AGM…Details
Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its operational results for the first quarter of 2018. Andrey Varichev, CEO of Management Company Metalloinvest, commented: “In the first quarter of 2018 Metalloinvest continued the successful implementation of its strategy to…Details
The minister of energy and coal industry Igor Nasalik has held a meeting with the employees of the Novovolynskaya mine No. 9 of the state enterprise Volynugol. According to the Independent Miners’ Union chairman Mikhail Volynets, the miners have arrived at the capital for the meeting. Last year the Novovolynskaya No. 9 miners several times…Details
In March world pig iron manufacture decreased by 1.37% YoY, to 100.7 million tons. According to World Steel, in 3 months pig iron output dropped by 0.56% YoY, to 290.875 million tons, with China still being the leader with 60.455 million tons produced in March. Ukraine in March produced 1.678 million tons of pig iron…Details
The prices of gold, silver, platinum increased, while the price of palladium decreased in Azerbaijan on May 4, according to the data published by the Central Bank. The cost of gold increased by 5.5675 manats, to 2231.5985 manats per troy ounce compared to the price on May 3. The cost of silver increased by 0.0462…Details
Ukraine: AMKR on the start of reconciliation procedures with the representatives of labor collective
The meeting of employer PJSC ArcelorMittal Kriviy Rih and the representatives of labor collective began on May 3 with a purpose to start reconciliation procedures. As of early May 4, it has already lasted for over 18 hours. The employer signed an agreement regarding the creation of reconciliation commission in order to settle collective labor…Details
In April 3 of Metinvest companies became the largest receivers of VAT: Azovstal, Mariupol Ilyich Iron and Steel Works and Zaporizhstal. According to the State Treasury of Ukraine, Azovstal was reimbursed 691.8 million UAH as opposed to 378 million UAH in March. Mariupol Ilyich Iron and Steel Works retained the second place (530.8 million UAH…Details
In April angle (63×6) prices in the Central region decreased by 15%, to 43 thousand rubles per ton. Price change on B1-30 beams totaled only 0.1%, to 54.5 thousand rubles. Flat galvanized rolled metal saw the highest increase in price – 4.05%, to 58 thousand tons per ton. It is followed by the hot-rolled sheet…Details
In April Uzmetkombinat produced the record-high volume of rolled metal – 94.5 thousand tons, including 27.7 million tons of milling balls.
The company is one of the largest metal enterprises in the country.
In January-April output totaled 336.9 thousand tons. (Ukrainian metal)
Highland Gold Mining Ltd has selected a company to design the processing factory at the Kekura deposits in Chukotka. According to the company statement, this is Spb-Gyproshakht LLC. This year HGM plans to start construction of infrastructure at the deposits. In 2019 Kekura will be connected to the grid. The JORC resources of the deposit…Details
In January-March Magadan region mined 223.3 thousand tons of coal, up 1.8-fold YoY.
Kolyma Coal Company LLC, developing the Verkhne-Arkagalinskoye deposits, has provided for 70% of the total volume.
In 2017 Magadan region coal enterprises decreased mining by 16.7% YoY, to 330.9 thousand tons. (Ukrainian metal)
In January-March the enterprises of GeoProMining LLC – Sarylakh-Surma and Zvezda – produced 4.7 thousand tons of 30% antimony concentrate in the Republic of Sakha (Yakutia), down by 4% YoY. According to the regional ministry of industry, this year the republic intends to produce 22.45 thousand tons of antimony concentrate. Last year 20.4 thousand tons…Details
Uchaly Mining and Processing Works has received a new Sandvik LH514 loader.
This is the third loader to arrive at the works in the past 3 years.
The cost of the machine exceeds 40 million rubles.
The lifting capacity of the loader is 14 tons. It will operate underground. (Ukrainian metal)
Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world.
In December 2015 Metinvest claimed having employed 94 thousand people.
Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)
In January-April Ukraine increased pig iron output by 9% YoY (including results of January-February 2017 at the uncontrolled territories of Donbass), to 6.89 million tons. Without the Russia-seized territories the output grew by 18%. Steel smelting dropped by 1% with seized territories, but increased by 5%, to 6.9 million tons without them. Rolled metal output…Details
Russian state geological exploration company Rosgeo plans to explore the Paramushir Island, one of the Kuril Islands, and the water area around it in the coming field season searching for mineral deposits, including gold, the Far Eastern department of the company said in a statement on May 4. The company plans to conduct the exploration…Details
Export of Russian coal in January-April increased by 5% YoY, to 59.657 million tons, the Ministry of Energy said.
In April coal exports totaled 15.347 million tons.
Coal mining in January-April amounted to 140.611 million tons of which 125.228 million tons were delivered. (PortNews/Ukrainian metal)
This year IRC Group intends to make its Kimkano-Sutarsky Mining and Processing Works reach its full capacity of 3.2 million tons of iron ore concentrate per year and start increasing the capacity to 4.5 million tons. Private investments in the project begun in 2016 have already exceeded 29 billion rubles. At present the company is…Details