In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces. The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce. Gold sales totaled 439.8 thousand ounces at the average…Details
The Ministry of Finances has prepared a draft bill to allow obtaining alluvial gold. When the bill is passed, the population will be able to freely extract alluvial gold on the riverbanks not owned by any company. But a license from the Ministry of Finances will be required for such an activity. The gold obtained…Details
In 2017 the state company Ukrzaliznytsia supplied 48.5 thousand tons of metal scrap to Interpipe. “Ukrzaliznytsia’s entering the scrap market was a very important and long-awaited move. They sold 157.2 thousand tons of ferrous metals scrap, and we bought 48.5 thousand tons from them”, Interpipe CFO Denis Morozov said. According to him, those companies that…Details
The arbitrary court of the Novosibirsk region has declared the Mineral Group LLC bankrupt. The company intended to construct a complex to mine and process titanium-zirconium ores. The claim to the company was submitted by Story-ka LLC because of the debt of 3.6 million rubles. The project to construct the complex valued at 1.25 billion…Details
Within the project to construct the press-forging complex Zlatoust Electrometallurgical Works has started assembling machinery. In particular, the company assembles the press frame. The machinery is produced by Danieli and assembled by the contractor company Prokatmontazh. The weight of the press frame is 64 tons. To assemble it a Grove automobile crane with the lifting…Details
In 2017 the throughput of the NMTP Group totaled 143517 thousand tons. In particular, coal throughput grew by 14.1%, or by 247 thousand tons YoY, to 1994 thousand tons. Iron ore throughput dropped by 7.9%, or by 235 thousand tons, to 2752 thousand tons, mostly because of the growth of domestic consumption, decrease of exports…Details
In 2017 Krasniy Octyabr Iron and Steel Works was busy modernizing its thermal and treatment machinery. At the same time the company started manufacturing new types of products. In particular, last year Krasniy Octyabr started producing cold-rolled sheet with the thickness of 0.8-3.5 mm and hot-rolled sheet of corrosion-resistant steel and heat-resistant chrome-nickel alloys. For…Details
St Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and ChTPZ chairman Andrei Komarov. The parties discussed issues of pipe deliveries. Issues of price formation for 2018 under new market conditions have also been reviewed. In 2017 ChTPZ supplied over 560 thousand tons of pipes for the construction of Nord Stream-2 and Sila…Details
The steel wire shop No. 1 of Severstal-Metiz has put into operation 9 drawing mills, while the modernization program saw reconstruction of 36 mills as well as 2 hot-dip galvanizing mills. “Step by step realization of the large-scale investment program allows us to increase capacity. We not only increase our presence on the market, but…Details
Metinvest B. V. has increased its share in the Severniy Mining and Processing Works from 96.3961% to 96.4187%. According to the company statement, as of December 31, 2017 there were changes in the owners of more than 10% of shares. Metinvest purchased shares on the secondary market. As of late 2016 Metinvest owned 96.3961% of…Details
In November 2017 Metinvest B. V. revenue dropped by 6.7% MoM, or by $62 million, to $866 million. EBITDA was $196 million, down by 12.5% MoM. Corrected EBITDA for the metal division as of late November 2017 was $130 million ($148 million in October 2017), including $5 million from participation in joint ventures ($12 million).…Details
In 2017 Interpipe increased sales of railroad wheels and tyres to Ukrzaliznytsia more than 2.2-fold. “Last year Ukrzaliznytsia once again became our key client. Despite the replacement of its chairman Ukrzaliznytsia still follows the direction to modernize the rolling stock”, Interpipe CFO Denis Morozov said. He noted that it became easier for the company to…Details
International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook. The decision follows a rating action to raise Russia’s sovereign ceiling, which took place on January 25.…Details
IPSCO Tubulars, a subsidiary of Russian oil and gas pipe maker TMK, plans to offer about 23.3 million shares at $20-23 per paper during an initial public offering (IPO), the company said in a statement on January 29. IPSCO Tubulars will sell 7.4 million shares, and TMK will sell 15.8 million shares it owns…Details
Tajikistan is prospecting for uranium not to resume mining, but to evaluate the reserves. “This does not mean we will return to uranium mining”, the director of Main geology department at the government Zarobiddin Fayzullozoda said. “Uranium was actively processed on the territory of Tajikistan under the Soviet Union. The work on prospecting started in…Details
In December 2017 Russia produced 5.93 million tons of steel, down by 4.2% YoY (5.74 million tons in November 2017). In 2017 steel output totaled 71.34 million tons, up by 1.3% YoY. Ukraine produced 2.06 million tons of steel in December 2017 (2 million tons in November 2017), down by 2.4% YoY and 24.218 million…Details
In December 2017 Russia produced 4.32 million tons of pig iron, down by 3.6% YoY (4.19 million tons in November 2017). In 2017 Russia produced 51.58 million tons of pig iron, down by 0.6% YoY. Ukraine decreased pig iron output in December 2017 by 7.4% YoY, to 1.8 million tons (1.74 million tons). In 12…Details
In 2018 Kinross Gold has produced the 6-millionth ounce of gold at its Kupol mine since its commissioning. According to the company statement, in 2016 it produced 734143 ounces of gold. Kinross Gold is developing two deposits in Chukotka – Kupol and Dvoynoye. This year the company intends to start developing the Moroshka deposits. The…Details
In 2017 Uralelectromed galvanized 50.3 thousand tons of metal structures, up by 26 tons YoY.
The main customers were companies producing electricity stands and road fences.
Moreover, UEM has galvanized around 200 tons of structures for the construction of arenas in Yekaterinburg and Volgograd for the World Cup. (Ukrainian metal)
Uralelectromed has put in operation a new kiln made to order by Bosio.
The kiln has been assembled at the electrolysis copper slurry-roasting site.
The capacity of the kiln is 2.6 tons per day. The roasting temperature is 600-650 degrees C. (Ukrainian metal)
Gaysky Mining and Processing Works has finished the construction of a new electronic weighing complex on the territory of copper and zinc concentrate warehouse at the processing factory. The cost of construction exceeded 6 million rubles. The complex will weigh the ready-made products shipped via automobiles. The maximum weighing capacity of the complex is 100…Details
In 2017 Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 23.6 thousand tons of metal, up by 17% YoY. Non-ferrous rolled metal output totaled 20.5 thousand tons, up by 14%. In the structure of manufacture the non-ferrous rolled metal occupies some 87%, with powder at 13% (3.1 thousand tons). As to the types of non-ferrous metals, rolled…Details
Viz-Stal has started assembling the new bridge crane to service the cold-rolling shop. The project is valued at 36 million rubles. The new-generation crane manufactured in Russia will replace the outdated previous machine. Its improved lifting capacity (22 tons instead of 20) will increase the speed of operation by 10%, while the energy-saving technologies will…Details
Energomashspetsstal will supply rolls to Essar Steel.
According to the contract signed in January, EMSS will produce and supply 6 supporting rolls for the hot-rolling mills.
The total weight of the order is 242.9 tons.
A part of the rolls will be delivered in Q3-Q4, while the rest in Q1-Q2 2019. (Ukrainian metal)