In Q1 Raspadskaya increased coal output by 372 thousand tons YoY, to 2 million tons. According to the company statement, last year its net profits amounted to $319 million, up 1.7-fold YoY. Revenue grew 1.7-fold, to $868 million, and gross profit – 2.2-fold, to $459 million. Raspadskaya unites 3 mines, one coal pit, a processing…
DetailsPJSC ArcelorMittal Kriviy Rih concluded the contract through financial leasing for the supply of 211 open wagons. The contract for 239 wagons more will be the next step. Earlier this year the company has received 50 new wagons. Hence, this year the company is to purchase and operate 500 wagons to transport its products and…
DetailsIndependent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10.
Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)
Index provider FTSE Russell will remove stocks of the Russian aluminum giant UC RUSAL and En+ Group from its indices from April 13 due to the companies being blacklisted by the U.S., it said in a statement on April 11. The London Metal Exchange (LME) said it would suspend trading in RUSAL’s metals from April…
DetailsIn 2017 Kraszvetmet received some 500 million rubles of net profit, up by 12% YoY. Revenue grew by 10%, to 21 billion rubles. Export revenue totaled by 40%, as the products were shipped to over 20 countries. Last year the company produced 3.3 tons of catalyst systems for nitrogen industry (+19%) and 2.7 tons of…
DetailsIn January-February metal prices of industrial products increased by 2.5% YoY. In particular, in processing industry prices increased by 3.1%, and in mining – by 2% Coal prices grew by 6.2%, ore – by 3%, ferroalloys – by 16.2%, zinc – by 4.3%, ferrous rolled metal – by 4.1%, and lead – by 1%. At…
DetailsThe Sayanogorsk Aluminum Smelter of the Russian aluminum giant UC RUSAL has slashed its power loading by 410 megawatts (MW) to 600 MW without warning, and is carrying out emergency maintenance works, the Energy Ministry’s emergency research center said in a statement on April 10. The Sayanogorsk Aluminum Smelter is RUSAL’s third largest producer of…
DetailsIn Q1 Amur Zoloto LLC produced 174.7 kg of gold.
In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposits processed 25.3 thousand tons of ore. The output totaled 173.4 kg of gold and 109.9 kg of silver.
In May the company will start working at the alluvial sites. (Ukrainian metal)
Buryatzoloto, the largest gold-extracting company in the Republic of Buryatia, intends to increase gold reserves at its Irokinda and Kholbinsky mines in 2018 by 4.2 tons. As of early 2018 the company balanced reserves amount to 18.7 tons. To increase the reserves, this year the company will have to drill 112 km of shafts, investing…
DetailsYanolovo will start developing the Tirekhtyakhskoye tin deposits in 2019 with the support from a Chinese investor. Investments in the project are estimated at 4 billion rubles. The project will cover Russia’s domestic needs in tin. At present Russia buys tin from China, but its reserves are running low. Thus, in future some Russian tin…
DetailsEvraz NTMK has put into operation the new blast furnace No. 7. The volume of the furnace is 2200 cubic meters, and the project capacity – 2.5 million tons of pig iron per year. The blast furnace, one of the largest investment projects lately, has been constructed in just 18 months. This is the cleanest…
DetailsIn February Zlatoust Electrometallurgical Works produced 1.64 thousand tons of corrosion-resistant bars, up by 90% YoY. Chromic rolled metal output increased 2.1-fold, to 564 tons, while that of nickel-containing metal – by 82%, to 1.08 thousand tons. In January-February stainless steel output totaled 3.3 thousand tons, up 2.1-fold YoY. Chromic rolled metal manufacture grew 2.6-fold,…
DetailsTMK Chermet has started carrying out the first stage of the two-year program to increase manufacturing capacities. In Q1 within the modernization of the site in Bataysk, near Rostov-on-Don, the company increased its automobile fleet. In particular, it has put into operation a new Kamaz, three truck tractors with three semi trailers and a Liebherr…
DetailsIn January-March Yakovlevsky Mine extracted 250 thousand tons of ore, up 3-fold YoY, which met the business target. The company sold 270 thousand tons of ore, up by 8% from the plan. The average iron contents in the ore were 60.6%. In Q1 the mine put into operation a new ventilation system. The machinery valued…
DetailsIzhorsky Pipe Works has carried out capital repairs of its main machinery, having completed the spring repair campaign. “The repairmen only had three days. But despite the short terms, they coped with the ambitious task. The capital repair will provide for the stable operation of the machinery and will extend its lifetime”, ITZ CEO Dmitry…
DetailsVesco Limited (Cyprus) has replaced the supervisory boards at Vesco, Druzhkovka Mine Group and Ogneupornerud. In particular, the office of UMG Investments CEO Andrei Gorokhov as a member of supervisory boards in all three companies has been prolonged from April 7 for 3 years. Polina Sarnikova left the supervisory board, and was replaced by UMG…
DetailsIn March Dneprospetsstal increased steel output by 5.7% MoM, to 22.226 thousand tons. According to the company statement, rolled metal output grew by 5.9%, to 14.889 thousand tons. In January-March steel manufacture increased by 3.2% YoY, to 63.849 thousand tons, and rolled metal – by 2.2%, to 42.763 thousand tons. In 2017 DSS produced 256.6…
DetailsThe Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
DetailsZaporizhstal has successfully passed the re-certification audit of the hot-rolled metal correspondence to EN 10025-1 and the construction norms 305/2011. Cold-rolled coils and sheets have also been certified for the compliance with EN 10130. The audit has been carried out by TUV SUD. Zaporizhstal received EN 10025:2004 and EN 10130:2006 certificates in 2016. Since 2008…
DetailsBeloretsk Iron and Steel Works produced 115 thousand tons of metal wares in Q1 2018, up by 3% YoY. The products for the construction industry, machine-building and electrode industry demonstrated the largest increase. Cold-deformed rebars and low-carbon wire sales grew by 46% and 38% respectively. Sales of nails increased by 23%, of welding alloyed wire…
DetailsIn January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ. Pig iron output remained almost the same – on the level of 2.35 million tons. Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet…
DetailsOEMK (a part of Metalloinvest) has successfully undergone a re-certification audit of its Quality Management System for compliance with the international standard ISO 9001:2015. Auditors from TUV SUD Management Service GmbH (Munich, Germany) confirmed that OEMK was in line with the required standards. During the audit of the operations of the Quality Management System, auditors…
DetailsThe Ministry of energy and coal industry has cleared all salary debts to state miners. “The government has found funds, and we have fulfilled our obligations to the miners. All of them”, energy minister Igor Nasalik said. Now, according to him, the government has to find funds for the development of the state coal industry.…
DetailsSwiss commodity trader Glencore has dropped an idea to convert its stake in Russian aluminum giant UC RUSAL into global depositary receipts (GDRs) of En+ Group because of the new U.S. sanctions, it said in a statement on April 10. “Glencore has previously signed a non-binding term sheet with En+ regarding swapping its shares in…
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