“At least 95% of the information about what we are doing and were going to do in Kyrgyzstan is not true,» Andrey Akimov, a representative of the shareholders of Central Asian Uranium Company, declared. According to him, the company is concerned about the information that has been voiced recently. At the same time, investors assure…
DetailsThe gold output of Petropavlovsk Plc, which operates gold deposits in Russia, decreased by 4.4% YoY, to 107,700 ounces, or 3.35 tons, in January-March, the company said. Petropavlovsk still plans to raise gold production to 450,000-500,000 ounces in 2019 from 422,300 ounces produced in 2018. The total cash costs may also rise to $850-950 per…
DetailsGovernment of Kyrgyzstan has not yet decided what will happen to the uranium deposit, the Prime Minister Mukhammedkaly Abylgaziev announced at the meeting of the Parliament. Deputy Kamchybek Zholdoshbaev asked what would happen to the uranium deposit in Issyk-Kul region. Mukhammedkaly Abylgaziev noted that incorrect information about uranium was disseminated. “YurAsia company was registered in…
DetailsFrom April 1, Interpipe has increased the wages of its industrial personnel by 20% on average. On April 22, the employees received an advance payment with the increase. “Interpipe is one of the largest employers in the region. At our enterprises in Dnepr, Nikolaev and Novomoskovsk we employ 12 thousand people. All the salary is…
DetailsSumgait Technologies Park (STP) has launched the supply of aluminum sections to Poland. This is the first export of aluminum profiles to Poland in the history of Azerbaijan. Negotiations on sales started in January and test products were sent to the customer company in late March. The customer originally ordered 20 tons of products as…
DetailsIn January-March, TMK sold 966 thousand tons of pipes, down by 2% YoY and by 4% QoQ. The negative dynamics was mostly caused by the drop in sales in the American division. At the same time OCTG pipes sales increased by 4% YoY, to 481 thousand tons. This year TMK expects pipe consumption by Russian…
DetailsIn January-March, Bratsk Ferroalloys Works increased exports by 30% YoY. The company was shipping ferrosilicon 75. The main suppliers were Japanese companies that used Bratsk ferroalloys to produce steel. The company does not disclose export volumes. In 2018 BZF exported 76 thousand tons of ferrosilicon, up by 10.1% YoY, including 54 thousand tons of FS65…
DetailsThe Ministry of Industry and Geology of the Republic of Sakha (Yakutia) has set a monthly gold and silver output plan for the year. Until the end of the year the region has to extract 28.8 tons of gold (29.5 tons in 2018). In particular, the Aldansk district is expected to yield 12.4 tons of…
DetailsMagnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…
DetailsDependence on Kumtor is a big mistake of the past governments of Kyrgyzstan, Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev stated at a meeting of the Parliament on April 24. According to him, Kumtor has been playing a historical role in the development of the country’s economy for 20 years. “Government thinks about a harm when…
DetailsRussian aluminum giant UC RUSAL wants to buy one of Gazprom Energoholding’s hydropower plants in the Murmansk region in an attempt to reduce the cost of power supplied to its low margin aluminum plant in the town of Kandalaksha. RUSAL CEO Yevgeny Nikitin sent a letter to the region’s governor Andrei Chibis with a proposal…
DetailsAt least 23,256 people have signed the petition against a project on development of uranium deposit in Issyk-Kul region according to data as of April 23. Collection of signatures continues. Last weekend, social network users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko.…
DetailsIn the first quarter of this year, the production of crude steel in Kazakhstan decreased by 2.7% YoY, to 1.1 million tons. Karaganda region provided 965,000 tons or 85% of the total production, down by 3.7%. Within a general decline in the production of crude steel, the production of unalloyed steel decreased by 2.7%, while…
DetailsIn 2018 Khabarovsk region yielded 24.8 tons of gold, up by 7% YoY. Tin output grew 1.5-fold, to 1.5 thousand tons. Mining companies paid 6.97 billion rubles of taxes to the regional budget, up by 9%. Investments in the industry totaled 22.2 billion rubles. This year the region intends to produce 24.9 tons of gold,…
DetailsIn 2019 VSMPO-Avisma investment plan will exceed 13 billion rubles. According to the company statement, some 2 billion rubles will be spent on the modernization of machinery in the smelting shops Nos. 31 and 32. The development of the sheet-rolling shop No. 16 will receive 3.2 billion rubles, stamping and forging complex of the shop…
DetailsIn January-March, Kangalassky Pit (Yakutugol) increased coal output by 7% YoY, to 136 thousand tons. The enterprise is participating in the state program to provide the Republic of Sakha (Yakutia) housing and municipal enterprises with coal during winter. “Last year the pit increased excavation works by 23%, which enabled us not only to exceed the…
DetailsInaglinsky Mining and Processing Works (Kolmar) is actively constructing the Inaglinskaya-2 factory with the capacity of 12 million tons of coal per year. At present metal structures of the main premises of the factory are being assembled. So far, 400 tons of structures out of 2700 tons have been assembled. The first stage of the…
DetailsIn January-February, according to the customs statistics, Kazakhstan exported 138 thousand tons of steel pipes and rolled metal, down by 44.5% YoY. Unalloyed rolled steel accounted for 73% of exports, down by 54%, plates – 57% (-50%) and the rest – coated steel (-43%). Some 25% of exports accounted for pipes, up by 23%. The…
DetailsIn 2018, Belarus Iron and Steel Works received Br3 billion of net revenue, up by 32.7% YoY.
Sales profit grew by 77.4%, to Br247.3 million.
As a result net profit totaled Br300 thousand as opposed to a loss of Br3.2 million in 2017.
Debt increased by Br32.6 million to Br985.96 million. (Ukrainian metal)
NLMK Group, a vertically integrated steelmaker, has published its Q1 2019 financial results. Group revenue decreased by 5% QoQ, to $2.87 billion, amid lower average sales prices. Year-on-year, the revenue increased by 3% thanks to a higher sales volume (+11%), which was offset by lower average sales prices. EBITDA totaled $695 million (-18% QoQ; -14%…
DetailsA Donetskstal recruiting center started operating in the town of Porkovsk. So far the center offers a broad range of jobs with wages up to 35 thousand UAH. “In Q1 we have found jobs for over 600 people. We give them the opportunity to get a decent job and salary, remaining at the same time…
DetailsIn 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…
DetailsQ1 was quite successful for Ventall. The volume of orders on the delivery of ferrous metals structures grew by 38% YoY, and components – by 19%. In order to retain the positive dynamics, the company intends to modernize its capacities, increase product portfolio and develop partner network. “We have optimistic plans for the future. The…
DetailsThe construction of the rail and beam shop of the Novo-Tagil Iron and Steel Works started during the Second World War. The manufacturing complex measured 600×140 meters. The shop had two rolling mills – 900 and 800, which were fully commissioned in April 1949. In 2012 manufacture underwent a serious modernization. In 70 years the…
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