The state enterprise Yuzhnodonbasskaya Mine No. 3 named after Surgay has put into operation a new long face. “The reserves total 518 thousand tons, enough for half a year work. Daily output is expected at 1.2 thousand tons”, the Donetsk regional military-civilian administration chairman Alexander Kuts posted on his Facebook page. In January-June the enterprise…Details
Severstal has supplied some 700 tons of liquefied natural gas tank structure components made of cold-resistant low-carbon steel with 9% nickel contents for the construction of the manufacturing complex in Leningrad region. In 2017 Severstal was the first in Russia to start producing this steel at Cherepovets Iron and Steel Works at mills-2800 and 5000.…Details
The rail and beam shop of the Chelyabinsk Iron and Steel Works has set a new record on daily rail production. The mill produced 3.3 thousand tons of rails during the day with the average daily output of 2.9 thousand tons. This is not the first record of the shop. In November 2017 daily rail…Details
According to the Ministry of the Nation Economy Statistics Committee, in July Kazakhstan produced 0.3767 million tons of steel, down by 14.1% YoY. In January-July steel output grew by 0.2% YoY, to 2.687 million tons. Flat rolled metal manufacture increased by 7.2% YoY, to 1.738 million tons, with 0.277 million tons produced in July, up…Details
At Magnitogorsk Iron and Steel Works (MMK), the total economic impact of the introduction of innovative proposals amounted to 269 million rubles in the first half of 2018. In the first six months of the year 2,533 ideas were examined by expert committees. 1,857 ideas, or 73.3% of the submitted ideas (63.8% in H1 2017),…Details
The first stage of the modernization of the sandwich-panel production line was completed at the MMK Trading House production site in Shelkovo (the Moscow region). In early August together with representatives of the Italian company “Magma”, specialists of the company commissioned a new glue system. This equipment improves the quality of the gluing process, allowing…Details
The prices of precious metals decreased on August 14, according to the data published by the Central Bank. The price of gold decreased by 22.763 manats, to 2,031.9165 manats per ounce on August 14, compared to the price on August 13. The price of silver dropped by 0.3547 manats, to 25.5873 manats per ounce. The…Details
Russian metals giant Norilsk Nickel expects reserves of the Global Palladium Fund to stand at about 200,000 ounces at the end of 2018, CFO Sergei Malyshev said. “We have sold the bulk of the palladium fund reserves that we had at the beginning of this year. We had the reserves of 550,000 troy ounces at…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2018. In the first six months of 2018 KGC produced 184,023 ounces or 5723.76 kg of gold and contributed more than 3.65 billion soms in taxes and mandatory payments, the Media Relations Department of the…Details
Volgograd Iron and Steel Works Krasniy Octyabr has paid 424 million rubles of tax debts.
All the debts have been cleared in full.
The non-payment of taxes to the budget has been revealed during a tax service check.
The major part of the debt fell on the profit tax. (Ukrainian metal)
In July because of the 8-days long furnace repair, Kosaya Gora Iron and Steel Works produced 4.5 thousand tons of ferromanganese, down by 33% MoM and by 16% YoY. In late April due to the considerable increase of iron ore price and difficult negotiations with suppliers the works stopped producing pig iron and switched its…Details
NGK Resource is finishing the construction of the first stage of the mining and processing works at the Polyanka deposits in Khabarovsk region. So far the quarry has been prepared, and the crushing and sorting shop is being assembled. The company intends to get the first gold ingot by October 20 and some 300-350 kg…Details
In January-July Chukotka Autonomous District yielded 13.49 tons of gold, down by 7% YoY.
12.57 tons accounted for ore gold, with alluvial gold at 930 kg, down by 7% and by 15% respectively.
Silver output decreased by 15%, to 64.44 tons. (Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works has received a bankruptcy action for the debt of 753.6 thousand rubles.
The claimant is a Moscow company TD Trackt.
The Sverdlovsk arbitrary court is entertaining another action against KUMZ for the debt of 782.3 thousand rubles. (Ukrainian metal)
In January-June Priisk Dambuki, extracting alluvial gold in Amur region, received 83 thousand rubles of net profit, down almost 24-fold YoY (1.9 million rubles). The company revenue decreased 4-fold, to 23.5 million rubles. Gross profit fell 2-fold, to 17.9 million rubles. EBITDA increased 1.3-fold, to 339 thousand rubles. As of late June, the company accounts…Details
In 2018 the fleet of the underground machinery of the Kholvinsky mine will get new units. Investments in the purchase total 295 million rubles. So far the mine has received two underground Sandvik TH430 dump trucks, a Sandvik LH410 loading machine, and a Charmec MF605 pump truck. By the end of the year a Sandvik…Details
The company Vostoc has started developing alluvial gold deposits in Anadyr district. The resident of the Beringovsky territory of advanced development has invested 21 million rubes in the purchase of a tractor with bulldozer equipment, a dump truck and a fork-lifter. The machines will be used in developing the deposits, the reserves of which are…Details
The net profit of the Russian metals giant Norilsk Nickel soared by 80% YoY, to $1.653 billion in January-June, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 37%, to $5.834 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 77%, to $3.079 billion. Net working capital fell by 20%,…Details
In January-June Cheboksary Works of Industrial Casting manufactured 650 million rubles worth of metal, up almost 1.5-fold YoY. “In addition to the railroad castings we are also mastering the manufacture of new types of products for agriculture machine-building and car industry, as well as spare parts for crushing machinery, mining and quarry machines”, the company…Details
RM-Steel is going on with its modernization program. So far a new bridge crane manufactured by the Leningradsky Crane-Building Works has been assembled in the hot-rolling shop. This is one of the two bridge cranes to be replaced under the program. Moreover, the company is working on increasing output and product range. Next year it…Details
NLMK has finished the repair of and commissioned the converter with the capacity of 160 tons. The repair work has been finished 16 hours earlier, which allowed smelting additionally more than 700 tons of steel. Investments in the project totaled 130 million rubles. At present NLMK operates 3 converters with the volume of 160 tons…Details
Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts.
The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK.
USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)
In July DTEK Dneprovskoye Mine Group yielded over 91.8 thousand tons of low-ash coal. This is a record-high output of coal at one site. It has been reached for the first time in the past 5 years. At the same time, in 7 months the site No. 3 has mined half a million tons of…Details
Last week as the result of the flooding at the mine one person perished in the pro-Russia militants-controlled town of Snezhnoye in Donetsk region. The accident happened on August 11. 2 miners were at the accident site. The body of one of them was recovered on August 12. The search for the second miner is…Details
In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…Details
In January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…Details