The Guryevsk Iron and Steel Works has started producing a new product type – 35 mm steel milling balls. The new product corresponds to the GOST 7524-2015. Around 200 tons of new balls have already been supplied to the customers. GMZ is one of the leaders on the Russian market of milling balls. It can…Details
In January-February Kazakhstan decreased copper cathodes and raw zinc output by 3.3% and by 1% YoY respectively.
According to the Statistics committee of the Economy Ministry, raw steel output went up by 8.6% YoY.
Kaz Minerals and KazZinc produce most of the metal. (Ukrainian metal)
In February Dneprospetsstal produced 19933 tons of steel and 13235 tons of rolled metal, down by 1.8% and by 6.6% MoM respectively. The total cost of the products manufactured is 603172 thousand UAH, down by 2.7% MoM. In January-February DSS produced 40233 tons of steel and 27408 tons of rolled metal, up by 28.5% and…Details
Kyrgyzstan is deciding on construction of the copper-smelting works, according to the State committee on industry, energy and soil.
To process concentrate the construction of the copper works and the implementation of the new technologies are needed, which are currently absent in Kyrgyzstan. (Ukrainian metal)
OMZ-Spetsstal has produced the largest forging ingot in the company history – weighing 443 tons. The ingot will be used to produce a heavy supporting roll for the 5000 mill of the Cherepovets Iron and Steel Works. The size of the future product: diameter – 2.36 meters, length – 12 meters. The total weight of…Details
The increase of railroad tariffs this year by 25%, planned by Ukrzaliznytsia, is inadmissible, the Pobuzhye Ferronickel Plant CEO Oleg Bespalov believes. “They come and say that they need to increase tariffs to buy wagons, as they have no money”, he said. According to Bespalov, this has been heard before, but the situation with the…Details
In 2016 Ferrexpo received $189.2 million of net profits, up 6-fold YoY, with revenue up by 2.6%, to $986.33 million. According to the company statement, its EBITDA increased by 20%, to $375 million. At the same time its net debt decreased by 32% YoY, to $589 million. Capital investments last year dropped by 25%, to…Details
Ukrainian companies in January imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk reported. He said that British Columbia had large stocks of coking coal and production facilities. Supplies from the province could…Details
The privatization of the Chervonogradskaya central processing factory has been named illegal, and the Lviv regional commercial court of appeals returned its assets to the state ownership. After the privatization in 2008 and the creation of the Lviv Coal Company the state controlled 37.58% of shares in the new company, with 62% controlled by the…Details
Metinvest plans to finish restructuring debt on eurobonds and pre-export financing (PXF) and issue just over $1.971 billion in new bonds on March 22, the Ukrainian mining and metallurgical holding said in a statement filed with the Irish Stock Exchange. The holding will also complete the formalities for a new PXF facility worth $1.109 billion.…Details
On March 20, a working group on the liberalization of the coal market in Ukraine was created to fulfill an order issued by the Prime Minister of Ukraine Volodymyr Groysman. Vice Prime Minister Volodymyr Kistion was appointed head of the group, reads a report on the government’s website. “On March 9, under the chairmanship of…Details
Russian gold producer Polyus will sell an 82.34% stake in the Nezhdaninskoye gold deposit for $158 million to a company beneficially controlled by Ivan Kulakov, a former managing director of Highland Gold Mining, Polyus said in a statement on March 21. The payment will consist of two tranches: $100 million will be paid upon completion…Details
Magnitogorsk Iron and Steel Works has decided to modernize its continuous casting machine No. 6 and the 5000 plate mill in order to start producing hot-rolled metal of the 350 mm thick slab. The project, including modification, assembly and putting into operation, is expected to be finished this year. At present the CCM No. 6…Details
In 2016 the Russian Railways throughput dropped by 1% YoY, mostly because of the considerable decrease in coal transportation. 99% of the transit raw materials come from Kazakhstan, and last year they decreased by 24.4% YoY. On the other hand, this has been compensated for by the ferrous metals transportation from Kazakhstan, which increased by…Details
In February Ukraine exported $31.203 million worth of pig iron, with imports on the level of $0.223 million. According to the State Fiscal Service, the main importer of Ukrainian pig iron in February was Italy ($10.166 million). In January-February Ukraine exported $99.642 million worth of pig iron, while imports totaled $0.286 million. Pig iron exports…Details
Following the cave-in of the Stepnaya mine in the Lviv region the government commission will check 300 mining companies. “We are checking all the documents at 300 enterprises of the mining complex which are deemed dangerous”, the Vice Prime Minister Gennadiy Zubko said. The commission started operating on March 6. According to Zubko the Stepnaya…Details
In 2017 Pobuzhye Ferronickel Plant intends to increase ore processing by 14% YoY, to 1.618 million tons, ferronickel output by 3.5%, to 82.7 thousand tons, and nickel manufacture by 3.3%, to 18.7 thousand tons. According to the company CEO Oleg Bespalov, in H1 the ferronickel output is expected to reach 40 thousand tons, nickel –…Details
Chepets Mechanical Works has concluded a 5-year contract for the delivery of a large batch of rolled titanium to Hermith GmbH. According to the agreement, the works will supply over 1 thousand tons of various titanium products to the European market valued at $34.5 million. “We plan to supply the ChMZ metal to all the…Details
In January-June Pobuzhye Ferronickel Plant intends to carry out repairs of its main machinery valued at 46.9 million UAH. According to the company CEO Oleg Bespalov, in 2016 the plant carried out repairs valued at 50.33 million UAH. This year the company will also spend 31.3 million UAH on environment protection. The works intends to…Details
In 2016 Avdiivka Coke and Chemical Works received 808.74 million UAH of net profits, up 2.6-fold YoY. According to the company statement, the cost of its assets at the end of 2016 totaled 19.07 billion UAH. The company accounts receivable reached 11.61 billion UAH, current liabilities – 10.53 billion UAH and fixed liabilities – 817.24…Details
U.K. Highland Gold Mining (HGM), which operates in Russia, has estimated capital expenditures on the Unkurtash deposit in Kyrgyzstan to amount to $322 million, the company said in a statement on March 20. The field’s annual gold output is expected at 133,000 ounces, or 4.14 tons, on average with operating expenses of $616 per ounce…Details
In 2016 the largest pig iron producer Tulachermet received 1.8 billion rubles of net profits, up from 253 million rubles in 2015. At the same time net profits in 2014 totaled 1.9 billion rubles. The company revenues last year increased by 15% YoY, to 34.57 billion rubles. Sales revenue dropped to 1.39 billion rubles from…Details
The authorities of the Kemerovo region and the Taltech group have signed an agreement on the socio-economical cooperation in 2017. This year Taltech intends to increase coal output by 13.5%, to 4.2 million tons. Investments of 300 million rubles will be spent on engineering and construction of enterprises as well as the purchase of new…Details
In January-February Russia produced 580 thousand tons of steel structures and parts, down by 14.5% YoY.
According to the Federal Service of State Statistics, in February steel structures output increased by 18.8% YoY and by 14.8% MoM. (Ukrainian metal)
In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund. The authorized capital of the fund received $100 million, which allowed making trial transactions. The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel. This year the…Details
In 2016 Ingulets Mining and Processing Works received 69.26 million UAH of losses, down 50.5-fold, or by 3.43 billion UAH. According to the company statement, its assets at the end of 2016 cost 40.49 billion UAH, up by 10.4% YoY. The company fixed liabilities totaled 1.38 billion UAH, up by 60.9% YoY, with current liabilities…Details