Armet LLC, a part of Anglo Russian Gold Ltd, in June intends to start constructing the Rudnik Archikoy mine in Zabaykalye region. In March the project documents will be submitted for the state expertise. In 2019 it is expected to mine 346 thousand tons of ore. The construction of the mine with the capacity of…Details
This year the Sakhalin region plans to increase coal output to 11 million tons. In case this goal is reached, the increase will amount to 45% YoY. Over half of the volume will be provided by Solntsevsky Coal Pit LLC, Gornyak 1 LLC, Boshnyakovsky Coal Pit LLC and Western Coal Company LLC. Last year the…Details
In January Russia exported 3.391 million tons of ferrous metals, up by 20% YoY. According to the Federal Customs Service, exports of semi-finished products of carbon steel totaled 1.196 million tons, up by 1.7%. Ferroalloys exports dropped by 16.8% YoY, to 0.054 million tons. At the same time exports of flat carbon steel products increased…Details
In 2017 Nordgold received $166.8 million of net profit, up by 4% YoY. Revenue grew by 14%, to $1.22 billion, and EBITDA – by 7%, to $520.5 million. The company net debt last year increased by 30%, to $656.3 million. Last year Nordgold produced 968.3 thousand ounces of gold, up by 11%. This year the…Details
The volume of Pobuzhye Ferronickel Plant investment program will this year amount to $.47 million. According to the company CEO Oleg Bespalov, $1.2 million will be spent on the reconstruction of the tubular rotary kiln gas-purifying equipment. Last year PFK began the long-term project on the reconstruction, investing $600 thousand in the purchase of 2…Details
The OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…Details
Last week the price of one ounce of gold decreased by 22.27 manats or by 0.99%. Accordingly, the average price of one ounce of gold stood at 2246.8688 manats. The price of one ounce of silver decreased by 0.2614 manats or by 0.9%, to 28.10186 manats. The price of one ounce of platinum decreased by…Details
In January and February Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 4.7% YoY and amounted to 13,562 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the accounting period the production of raw silver and semi-processed silver, or in powder form, equaled 151,425…Details
Izhstal has commissioned a Kieserling line to turn the highest added value bar type. The line produces bright turned sticks with the diameter of 10-25 mm of all the steel grades, manufactured at the works, including stainless, tool and speed steel. The capacity of the line is 3.5 thousand tons per year. Izhstal has 2…Details
In January-February Khabarovsk region yielded 2216.2 kg of gold and 8.4 tons of silver, up by 3.8%, but down by 1.5% YoY respectively. At present only ore gold is extracted in the region. The alluvial gold season will start in May and last till late October. This year it is planned to obtain 23450 kg…Details
Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…Details
The United Metal Company has been named the best manufacturer of pipe products for the oil and gas industry in 2017.
The company was awarded this title in 2012, 2013, 2015 and 2016 as well.
The results of the rating are based on the survey of major Russian industry players. (Ukrainian metal)
In the first 13 days of March the average daily metal output increased by 2-4% MoM. As of March 13, 19 out of 21 blast furnaces, 12 out of 16 converters, 8 out of 9 open-hearth furnaces, 7 out of 15 electric arc furnaces and all the 14 continuous casting machines were in operation. In…Details
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…Details
In February deliveries of scrap metal to Ukrainian metal works dropped by 20 thousand tons MoM, to 225 thousand tons, or 93% of the need. According to Ukrmetallurgprom, in January-February metal companies received 470 thousand tons of scrap, up by 3% YoY, or 97% of the need. In February scrap stocks at metal companies grew…Details
In January-February Ukraine produced 2977 thousand tons of rolled metal, of which local customers received only 334 thousand tons, or 11.3% of the total volume. “In January-February 2017 of 3188 thousand tons produced 2536 thousand tons (79.5%) were exported, while the rest (652 thousand tons, or 20.5%) were sold domestically”, reported Ukrmetallurgprom. This year Ukraine…Details
Magnitogorsk Iron and Steel Works (MMK) operated its coated steel facilities at maximum capacity utilization in 2017. As a result, MMK once again confirmed its status as the leading producer of this product in Russia. This was highlighted by Senior Manager of Coated Metal Sales Group at PJSC MMK Alexey Oleynik during his speech at…Details
Russian metals holding Metalloinvest has launched a 1.3-billion ruble concentrate intake facility with a capacity of 3.2 million tons at the Mikhailovsky GOK ore mining and dressing plant, the company said in a statement. The facility takes and unloads iron ore concentrate from the Lebedinsky GOK plant and passes it to production units of the…Details
In January the subsidiaries of the United Mining and Chemical Company concluded 7 agreements on the services of transportation valued at 258.35 million UAH. In particular, Volnogorsk Mining and Processing Works ordered Unitrans Operator LLC railroad transportation of dry cargo valued at 104.77 million UAH. Irshansk Mining and Processing Works will pay the company 62.17…Details
In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY.
Concentrate output dropped by 6.4%, to 2.019 million tons.
In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate.
Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)
Kyshtym Electrolytic Copper Plant has finished the assembly of a new cooling stack. The equipment has been installed under the project to modernize and increase capacity of the company copper wire rod output. As the company plans to increase output, more water will be needed. Thus the cooling stack has more powerful pumps and fans.…Details
ChTPZ has supplied some 6 thousand tons of large diameter pipes to Uzbekistan. The customer was Enter Engineering, one of the leaders of the Central Asia oil and gas construction market. The pipes with the diameter of 1020 mm and the wall thickness of 10 mm and outer three-layer corrosion-resistant coating were made of K52…Details
Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…Details
The minister of energy and coal industry Igor Nasalik says the Ministry of Finances has promised to provide 1 billion UAH by April to develop coal industry. “For a month and a half we have been attending meetings chaired by the Prime Minister Vladimir Groysman. And we have found an algorithm: by the end of…Details