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Ferrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…
DetailsThe Antimonopoly Committee of Ukraine has allowed the citizen of Cyprus Vadim Yermolayev to gain control over Dnepropress Steel LLC. The businessman from the city of Dnipro has for the past several years been the investor of the company. He is also the founder of the Alef Corporation, which unites various businesses. Dnepropress Steel makes…
DetailsIn January-September KAZ Minerals produced 230.5 thousand tons of copper, up by 6% YoY. In Q3 the output totaled 82.9 thousand tons of copper and 58.5 thousand ounces of gold. The copper output target this year is 300 thousand tons. Gold target of 170-185 thousand ounces could be exceeded by 5%. The company net debt…
DetailsIn July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…
DetailsThe Board of Directors of NLMK has approved the company’s Sustainable Development Policy. The policy defines NLMK Group’s sustainability principles, goals and targets, as well as the mechanism for oversight of the company’s ESG agenda by the NLMK Board of Directors. For example, NLMK’s Strategic Planning Committee has been tasked with identifying the company’s strategy…
DetailsThe coal concentrate output of the Russian coal producer Raspadskaya rose by 17% YoY, to 6.266 million in January-September, the company said in a statement. Exports of coal concentrate increased by 22%, to 4.532 million tons. Domestic sales rose by 6%, to 1.734 million tons. The output of raw coal grew by 21%, to 10.112…
DetailsIn January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
DetailsIn July-September Ukraine drastically decreased exports of steel products to US – 2.6-fold QoQ. According to the Customs Service, the exports totaled 32.1 thousand tons as opposed to 84.1 thousand tons. In August Ukraine exported a mere 2.6 thousand tons to US. The main reason of the decrease was the introduction of a 25% import…
DetailsIn August Russia exported 12.7 thousand tons of corrosion-resistant steel scrap valued at $14 million, down by 42.6% and 33% YoY respectively. In January-August exports grew by 11.8%, to 82.5% YoY, valued at $87.4 million, up by 6.7%. In August the average price was $1090 per ton. 80% accounted for scrap with nickel content of…
DetailsA mining works to process titanium-zirconium ores will be built in Aktyubinsk region. The Martuksky district has the Shokash deposit with the reserves of 9.5 million cubic meters of ore. The ore is currently processed at a pilot factory with the capacity of 120 thousand tons per year. The new works will have the capacity…
DetailsIn January-September PMH increased pig iron manufacture by 2% YoY. In Q3 the growth was 3%. Coke output grew by 7% in 9 months mostly due to the increased demand on export destinations. Coal concentrate decreased because of the drop of available coal for processing. The mine named after Tikhov in Q3 increased output by…
DetailsMagnitogorsk Iron and Steel Works (MMK) has successfully completed the first stage of a large-scale project to implement a unified corporate information system (CIS) based on Oracle R12 for the group’s organizations. The two organizations transferred to MMK’s unified corporate system were United Service Company (which provides a range of maintenance and repair services) and…
DetailsChelyabinsk Iron and Steel Works has started manufacturing a new type of products at its rail and beam mill – uneven angles with the size of 160×100 mm. Such angles are widely used in metal structure construction and manufacture of railroad cars. Uneven angles at ChMK are produced by hot rolling, as such wares have…
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