Gold mining company Centerra Gold Inc. announced that Michael S. Parrett would succeed Stephen A. Lang as independent Chair of the Board of Directors effective October 1. Stephen Lang, who joined Centerra’s Board of Directors in 2008 and had held the Chair position since 2012, would remain as a board member and support an orderly…Details
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In July Russia imported 1.3 tons of tantalum, including scrap, up by 138.5% MoM and by 0.2% YoY. Deliveries from China increased from 51 tons to 395 tons, and from Kazakhstan – from 485 tons to 880 tons. In January-July tantalum imports totaled 5.4 tons, down by 35.43% YoY. In monetary terms since the start…Details
In July Russia exported 253.6 tons of long-rolled copper, down by 19% MoM and by 37.2% YoY. Exports to Belarus grew by 17%, to 141 tons, and to Kazakhstan – by 41%, to 33 tons. Deliveries to Germany dropped from 59 tons to 35 tons and to Ukraine – from 51 tons to 11 tons.…Details
Since the start of the year Electrocable Kolchugino Works has supplied some 250 km of cable for the construction of the Moscow subway stations. Until the end of the year 200 km more will be delivered. “The cable wares for spaces with a lot of people, especially underground, have increased safety requirements. Our cables are…Details
In August stainless steel manufacture (primary forms and semi-finished products) totaled 12.7 thousand tons, down by 19.7% YoY and by 9.1% MoM. According to the Federal Service of State Statistics, in January-August the output fell by 14.2% YoY. In August metal output decreased by 1.1% YoY, while in 8 months grew by 1.3% YoY. (Ukrainian…Details
If the decree No. 1210 is supported by the Parliament, the industry will most likely start importing iron ore and not mining its own. “ArcelorMittal has already said they would review their policy and start importing iron ore, and not mining it in Ukraine, as it would become inefficient. The decree is bad for all…Details
According to Worldsteel, in January-August global steel output totaled 1240.29 million tons, up by 4.42% YoY. China is still the leader in the output with 609.36 million tons (53.6% of the overall manufacture). Of the 62 countries Ukraine is on the 13th place – 14.66 million tons produced, up by 4.82%. (Ukrainian metal)Details
NLMK Group, a global steel company, with operations in Russia, the US and the EU, has shipped 5 million tons of slabs to Vyksa Iron and Steel Works (VSW, part of OMK Group). NLMK Group and OMK created a unique process chain in Russia in 2012. NLMK manufactures slabs at it Lipetsk site from captive…Details
On September 24 a 30-year miner was injured during preparatory works at the Lesnaya mine. Roof of the shaft collapsed and he received heavy injuries of chest, ribs and legs. According to preliminary information, the miners were not supposed to be at the place of the cave-in. (Ukrainian metal)Details
In January-June the net profit indicators of Kyrgyzaltyn OJSC turned out to be 14 times higher than in 2018, press service of the company reported. The net profit of Kyrgyzaltyn amounted to 119.2 million soms. In 2018 the OJSC earned only 8.5 million soms over the same period. “Such high rates became possible thanks to…Details
Mechel-Koks has shut down its coke oven battery No. 8 for reconstruction to decrease pollution. The coke oven gas pipeline and ammonium water pipeline will be replaced. During the reconstruction a temperature of around 1 thousand degrees C will be maintained at the battery in order to keep the refractory brick lining intact. The modernized…Details
The coordination council of MMK and TMK has held a meeting. The parties discussed the results of cooperation and set prospects to continue it. This was the 27th meeting of the council. In 2018 TMK pipe plants received over half a million tons of flat rolled metal manufactured by MMK. In January-September deliveries will total…Details
Beloretsk Iron and Steel Works has started manufacturing a new import-replacing product – high-strength galvanized wire for cable industry. A customer has already approved of trial batches. At the customer’s request BMK has developed steel galvanized wire with the diameter of 1.85 to 3.05 mm with high-strength characteristics. Previously such products had to be purchased…Details