In August Russia exported 67.1 thousand tons of refined copper, up by 98% MoM and by 9.4% YoY. Deliveries to China grew 2-fold, to 17.3 thousand tons. Germany imported 6 thousand tons, up also 2-fold MoM. In 8 months exports totaled 441.4 thousand tons, on par YoY. In monetary terms since the start of the…Details
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A manufacturing complex of metal wares machining will be constructed in Dzerzhinsk for 296.5 million rubles. The Ardmanol Company has been given a land plot with the size of 26 thousand square meters. The company intends to construct the complex in 16 months. (Ukrainian metal)Details
Interpipe has concluded a direct contract for the delivery of railroad wheels to Kazakhstan Temir Zholy (KTZ, Kazakhstan Railways). Under the agreement the company will supply 6 thousand wheels in 2019 and 20 thousand wheels in 2020. Previously Interpipe has never been cooperating with KTZ directly, supplying the wheels to car-repair plants. The suspension of…Details
A Polymetal International mine has suspended operations because of a fire, a representative of the regional emergency services reported. “A fire broke out at a mine of the Omolon Gold Mining Company on the depth of almost 400 meters. 15 miners were evacuated to the surface,” the official said. (Prime/Ukrainian metal)Details
Irshansk Mining and Processing Works has ordered Vostoc avtomir LLC the delivery of a car for 1.35 million UAH. The company has to supply Toyota Land Cruiser Prado, Prestige 4.0 Dual VVT-i. The price of such a car in stores is 1.37 million UAH. The purchase was carried out without an auction. (Ukrainian metal)Details
Fineurovector LLC and Alfa Kros LLC have announced their intention to buy respectively 24.5667% and 24.95% of the Kremenchuk Steel Works, a part of TAS Group. At present the companies own no shares of KSZ. As of Q2 Sertako Limited owned 29.0254%, Devisal Limited – 17.1879% and Defano Investments Ltd – 48.4421%. All these companies…Details
In August Russia imported 84 thousand tons of manganese ore and concentrate, down by 27.6% MoM, but up by 28% YoY. Deliveries from South Africa decreased 2.5-fold, to 33.7 thousand tons. Imports from Kazakhstan and Gabon grew by 40% and by 68% MoM, to 19.3 and 30.1 thousand tons respectively. In January-August imports totaled 720…Details
Prospectors have discovered a new promising gold-quartz-sulfide and gold-quartz Baukomskaya field in the mountainous parts of the Zakkadon River valley in the Republic of North Osetia – Alania. The R3 reserves on the area of 18 square km are estimated at 213 tons with gold content of 1.78 g per ton. The R1 potential could…Details
In July-September Evraz decreased steel output by 3.4% QoQ, to 3.38 million tons. In North America sales dropped by 13.2%, to 427 thousand tons. In 9 months the figure grew by 1.9%, to 1.421 million tons. Overall steel output in January-September increased by 4.5%, to 10.366 million tons. Steel sales in Q3 went up by…Details
In January-September Kamensk-Uralskiy Non-Ferrous Metals Processing Works increased sales. In particular, sales of the copper-nickel rolled metal grew by 60% YoY and bronze – by 13%. Brass electric discharge wire sales under the company own brand of Brasston went up by 16%. The main customers are Russian enterprises, as well as companies from Belarus and…Details
This year the Plamya miners team, operating in the Republic of Sakha, extracted 170 kg of alluvial gold, down by 110 kg from the target. The output decreased because of the thinning of reserves at licenses sites and the late start of the washing season. The company operated at the Komagin and Sygynakh sites from…Details
Metinvest has cleared its $75-million debt of pre-export financing in advance. Now the company debt amounts to $406 million. “This move demonstrates our attention to servicing our debt and relieves Metinvest of paying planned amounts of the main debt for the next several months, which will provide us with a financial flexibility during the steel…Details
In July-September Norilsk Nickel increased nickel output by 7% QoQ, to 57 thousand tons. In 9 months output grew by 6%, to 167 thousand tons. The volume of nickel produced of the company own raw materials went up by 6%, to 164 thousand tons. Copper output in Q3 dropped by 3% QoQ, to 121 thousand…Details