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Highland Gold Mining Limited has become the first miner to actually sell gold on the Moscow Exchange. Gold was delivered to the depository on November 29, and on December 2 the first deal on the Moscow Exchange precious metals market was concluded. The company has sold 1198 ounces (37250 g) of gold at 3009.5 rubles…
DetailsIn September Russia exported 1.9 thousand tons of aluminum foil, down by 13% MoM, but up 4-fold YoY. Deliveries to US keep decreasing – from 1.6 thousand tons to 1.4 thousand tons. At the same time exports to Belarus grew by 22%, to 310 tons. In 9 months exports totaled 24 thousand tons, up by…
DetailsArcelorMittal Kriviy Rih intends to reconstruct its Mirolyubovka tailing pond. The project presupposes the increase of the height of the levees first to 160 meters (first stage) and then to 165 meters (second stage). AMKR is using 3 tailing ponds. $50 million will be invested in two of them – Mirolyubovka and Obyedinennoye – in…
DetailsEnergomashspetsstal has concluded an agreement with Shagang Group, China. EMSS will produce and supply supporting rolls for hot-rolling mill-1700. The combined weight of the batch is 71 tons. The rolls have to be delivered in Q4 2020. This is the second contract between the parties. The first, for two bulk supporting rolls, was signed in…
DetailsMagnitogorsk Iron and Steel Works (MMK) has appointed Veronika Kryachko as Head of Investor Relations. Veronika Kryachko brings with her years of experience in the metals, raw materials and financial sectors. Prior to taking up her current job, she held senior positions in investor relations, corporate development and M&A at companies including Uralkali, Rusal and…
DetailsUGMK CEO Andrei Kozitsyn and Ultramar LLC chairman Andrei Bonch-Bruyevich have signed an agreement on a joint production of ammonium sulfate with the capacity of 500 thousand tons per year on the basis of Sredneuralsky Copper-Smelting Works. Investments will reach 4.8 billion rubles. The decision has been taken in view of optimal raw materials provision,…
DetailsAs of December 2 Solntsevsky Coal Pit has extracted 8.57 million tons of coal. Some 8.7 million tons were exported. This year the enterprise plans to extract 10 million tons of coal. Thus, the target has been 85% reached. Last year Solntsevsky Pit extracted 7.5 million tons of coal and exported 8 million tons. (Ukrainian…
DetailsA consortium of 7 international banks has provided Metalloinvest with a pre-export financing loan in the amount of 200 million euro. The banks are Societe Generale, ING, Bank of China, Credit Agricole CIB, Deutsche Bank, Intesa Sanpaolo Bank and UniCredit Bank. “The funds will be used to improve our loan portfolio, in particular optimize debt…
DetailsInterpipe has started supplying railroad axle billets to the local market. “Having successfully finished testing and certifying railroad axles with mechanical treatment, in autumn Interpipe delivered the first batches to railroad car building and repairing plants”, the company reported. This year Interpipe NTZ has successfully passed the Ukrzaliznytsia certification and obtained a right to produce…
DetailsIn January-September DTEK decreased coal output by 8.9% YoY, to 18.196 million tons. In Ukraine mining dropped by 6.9%, to 16.497 million tons, and in Russia – by 25.3%, to 1.699 million tons. Concentrate manufacture went down by 9.4%, to 8.151 million tons, in particular, in Ukraine by 70%, to 270.7 thousand tons and at…
DetailsAccording to the Russian Steel Association November forecast, in 2019 steel consumption in Russia is expected to grow by 4% YoY. The June forecast presupposed a 2% increase. In Q3 the local demand increased by 8.6%. Rolled metal exports decreased by 13%, while semi-finished products grew by 3%. (Ukrainian metal)
DetailsSince the start of the year the number of employees in Ukrainian metal industry has decreased by 2.6% YoY, or by 5100 people, to 191 thousand. According to the State Statistics Service, in October the number of employees declined by 0.4% MoM. In mining and quarrying the number of employees dropped by 0.3%, to 193.2…
DetailsEvraz ZSMK rail and beam shop has produced the first batches of 60E1 and 136RE rails of unique steel grade. According to the order of Rumo All, Brazil, the company has produced rails of G2HH steel. The patent for such steel is owned by EVRAZ Pueblo. The peculiarity of this steel grade is that it…
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