In 2018 KAZ Minerals profit increased by 14% YoY, to $510 million, thanks to the growth of copper output and sales.
Revenue grew by 30%, to $2.16 billion.
EBITDA went up from $580 million to $642 million.
Copper output increased by 16%, to 296 thousand tons. (Ukrainian metal)
Dobropolskaya mine has commissioned the first new long face this year. On February 20, the miners descended to the site No. 1 of the long face No. 4. The shaft has enough coal for 11 months of operation – some 430 thousand tons. DTEK invested 50 million UAH in the long face. In March DTEK…
DetailsIn January Ukraine increased pig iron exports by 25% YoY and by 58.7% MoM, to $95.083 million. According to the State Fiscal Service, imports dropped by 74.3% YoY and by 88% MoM, to $0.009 million. The main customer in January was the US ($60.65 million). In 2018 Ukraine exported $1.052 billion worth of pig iron,…
DetailsEvraz NTMK has chosen suppliers of the main machinery for the modernization of its blast furnace No. 6. Investments in the project total $150 million. The main machinery will be supplied by Paul Wurth S.A. Electric equipment will be supplied by Primetals Technologies. “The modernization of the blast furnace No. 6 will allow us producing…
DetailsOn February 22 Pravourminskoye LLC was accepting offers for its BO-01 bonds valued at 3 billion rubles. The placement of 10-year bonds is scheduled for February 27. The maturity date is March 31, 2028. The value of each bond is 1 thousand rubles. In December 2012 the company placed 7-year bonds valued at 3 billion…
DetailsYuzhniy Kuzbass has mined 50 million tons of coal since it put the Olzherasskiy pit into operation.
The coal extraction at the pit started in September 1980.
Its reserves are estimated at 72 million tons.
At present the company is developing two sites – Berezovskiy and Berezovskiy-2. (Ukrainian metal)
This year the Novaya extracting team, which develops deposits in Yakutia, intends to extract 150 of gold. Last year the yield was 224 kg, up by 4 kg from the target. In 2019 the company will be developing two sites – Nizhnyaya Amunakta and Tangrak. In 2017 the team extracted 382.6 kg of gold. (Ukrainian…
DetailsChelyabinsk Iron and Steel Works has successfully passed the audit by Rosatom and has been included in the database of stainless sheet suppliers. The auditors inspected the technological line of the rolled stainless steel manufacture: from raw materials preparation to ready-made products shipping. “Last year we were selling stainless steel for the manufacture of tanks…
DetailsThe prices of precious metals decreased on February 22. The price of gold dropped by 26.6645 manats, to 2,251.854 manats per ounce compared to the price on February 21. The price of silver fell by 0.3681 manats, to 26.9017 manats per ounce. The price of platinum went down by 1.1475 manats, to 1,404.659 manats, and…
DetailsIn 2018 Russia produced 314.42 tons of gold and 1119.5 tons of silver, up by 4.2% and by 7.2% YoY respectively.
Most of the gold produced is purchased by the Central bank.
Last year it bought 8.8 million ounces of gold (273.7 tons). (Ukrainian metal)
Since the start of the year and as of February 18, the largest coal miner in Sakhalin – Solntsevsky Coal Pit LLC has extracted 900 thousand tons of coal. The enterprise is operating at the Solntsevskoye deposit. Extraction is carried out at two sites – Yuzhniy-1 and Yuzhniy-2. This year the company intends to mine…
DetailsIn 2018 Russian Copper Company increased copper cathode output by 6% YoY, to 216 thousand tons. According to the group president Vsevolod Levin, Mikheyevsky Mining and Processing Works was able to increase copper extraction to 92%. Karabashmed increased raw copper output by 12%, to 139 thousand tons. Copper content reached 99.2% with the target of…
DetailsMetalmeistars now has the largest optic-fiber laser cutting machine. The unique machine has been made by Bystronic (Switzerland). The price of the machine is around 1 million euro. Its size is 6.25 x 2.5 meters. “Now we can make larger parts. Even though the new machine is larger, it consumes less electricity than the old…
DetailsIn order to decrease the shadow economy on the scrap market, the income tax of the population has to be decreased from the current 10% to 5% for private entrepreneurs. The Latvian association of waste procurement has voiced this to the Ministry of Finances. At present the higher tax does not allow Latvian companies to…
DetailsThe state enterprise Lvivugol has concluded 7 agreements on the delivery of pit-props made of fir valued at 25.2 million UAH. The company announced 12 purchases, but only 7 agreements were concluded. The Sokal subsidiary of the forestry enterprise Galselles has received two orders valued at 8.7 million UAH. The company will supply almost 5…
DetailsVolnogorsk Mining and Processing Works has concluded an agreement with Energy Trade Group LLC for the delivery of electric energy valued at 189.14 million UAH. In March-June the company has to supply 96.5 million kW-h valued at 1.96 UAH per kW-h. This is 5% cheaper than the December 2018 price from DTEK Trading (2.06 UAH).…
DetailsThe State commission on reserves has positively assessed the report on the reserves of the rare-earth metal raw materials at the Chuktukon deposit. The deposit is situated in the Krasnoyarare earthrsk region. The prospecting work was carried out in 2014-2018. According to the report, the reserves of the deposit are as follows: rare earth trioxides…
DetailsThe Arbitrary court of the Sverdlovsk region has ordered Russkiy Chrome 1915 to pay 13.8 million rubles for the damage done to the environment.
The fine was imposed in 2017.
The defendant asked to decrease the fine, as it had partially paid it. But the court ruled fr the complete Russkiy Chrome payment. (Ukrainian metal)
A subsidiary of the state holding Rosgeologia has obtained all the necessary permits on the project to study the Gitche-Tyrnyauzskoye ore field.
The corresponding state contract was concluded last summer.
The size of the field in Kabardino-Balkaria is 1.7 square km.
The project will be carried out till the end of 2020. (Ukrainian metal)
In 2018 Beloretsk Iron and Steel Works decreased net profit by 8% YoY, to 925 million rubles. The revenue grew by 6%, to 25.37 billion rubles. Exports increased by 37%, to 5.7 billion rubles, while sales on the domestic market dropped by 0.5%, to 19.65 billion rubles. The company accounts receivable increased from 6.27 billion…
DetailsIn 2018 Russia exported 8.246 thousand tons of stainless steel products, up by 18% YoY. The share of the flat rolled metal grew from 18.8% to 28.2%, that of bars – from 24.6% to 27%, of wire from 1.1% to 1.4%, electric welded pipes – from 11.6% to 13.9% and of pipe fittings from 1.8%…
DetailsDneprovsky Iron and Steel Works will host an extraordinary meeting of the shareholders on February 25.
The meeting will start at 10 a. m.
DMZ manufactures steel, pig iron, rolled metal and wares.
In 2011 it was merged with Dneprokoks. (Ukrainian metal)
According to TMK, in 2019 the Russian pipe market will mostly follow trends of the previous year. In 2018 pipes consumption dropped slightly following the decrease in housing construction. At the same time OCTG and large diameter pipes witnessed an increase in demand. This year TMK expects the growth of local pipe consumption by 2%…
DetailsThe first batch of polymetallic ore from the Uzynzhal deposit in Karaganda region has been sent for processing at the Altai works of Kazzinc via railroad.
The deposit is being developed by Zhairem Mining and Processing Works. (Ukrainian metal)