The United Mining and Chemical Company remains one of the most efficient state enterprises and constantly increases payments to state budget. In January-September the group paid 751.7 million UAH of taxes to the budgets of all levels. Together with the salary the payments totaled 1.097 billion UAH. In H1 UMCC occupied the 59th place among…Details
In August Russia exported 212.1 thousand tons of pig iron, up by 51.4% YoY. According to the customs statistics, in January-August exports reached 3.56 million tons, up by 32%, valued at $1311 million, up by 44.5%. USA imported the most – 52.4%, up by 6.1%. The country is followed by Hong Kong (16%), the deliveries…Details
In January-September Izhstal exported 42 thousand tons of metal, up by 81% YoY. In particular, exports to CIS countries grew by 22%, to 22 thousand tons, and to far foreign countries – almost 4-fold, to 20 thousand tons. The company exports bars and sized rolled metal, as well as sections of carbon, alloyed, stainless and…Details
Alfa-Bank has provided financing of 2.5 billion rubles to Seversky Pipe Works, a part of TMK. The funds have been issued for 4.5 years. “Alfa-Bank is supporting the long-term partner relations with TMK. Strong capital positions, flexibility, speed and the industry expertise allow the bank to successfully compete with state banks for the largest borrowers…Details
According to preliminary data, Makmal field will have been put up for competition by November 1, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, about 200-300 million soms are needed for additional exploration of the two sections of the field. Kyrgyzaltyn JSC…Details
Jerooy deposit is expected to be commissioned in the first half of 2019, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, a gold extraction plant and a tailing dump are being actively constructed at the field. The committee has confirmed that the…Details
Price of gold increased in Azerbaijan on October 18, while prices of silver, platinum and palladium decreased, according to the data published by the Central Bank. Thus, the price of gold grew by 3.0515 manats, to 2,080.46 manats per ounce on October 18 compared to the price on October 17. The price of silver dropped…Details
Swiss coal trader Mercuria, a potential investor in a 24-billion ruble Lavna coal terminal in Murmansk, is unhappy with Russia’s State Transport Leasing Company’s (STLC) decision to work with a company of tycoon Andrei Bokarev, according to Mercuria’s letter to Transport Minister Yevgeny Ditrikh. Lavna with a projected annual capacity of 18 million tons is…Details
Gold output of GV Gold rose by 50% YoY and by 27% QoQ, to 92,500 ounces in July-September, the company said in a statement on October 18.
In January-September production grew by 64% YoY, to 220,300 ounces.
In 2018 the company plans to produce 280,000-300,000 ounces of gold. (Prime/Ukrainian metal)
The employees of the Alaverdi Copper Works have started striking demanding the government to allow it to increase sulfur dioxide emissions. Otherwise the fines, imposed by environment protection authorities, will make the company operation unprofitable. Earlier the State Inspection on Environment Protection has fined the works for 380 million drams ($700 thousand) for the serious…Details
In January-September Polymetal Int. produced 801 thousand ounces of gold, up by 6%, 19.4 million ounces of silver, down by 4%, 2.5 thousand tons of copper (+33%) and 4.3 thousand tons of zinc (+20%). The overall output of gold equivalent was 1066 thousand ounces, up by 4%. Ore processing grew by 14%, to 11.4 million…Details
In January-September Kapan Mining and Processing Works, a part of Polymetal International plc, processed 470 thousand tons of ore as opposed to 389 thousand tons in 9 months of 2017. In Q3 ore processing volumes totaled 158 thousand tons against 143 thousand tons. Ore output in Q3 was 159 thousand tons (136 thousand tons in…Details
In January-September MMK produced 7.301 million tons of pig iron and 9.552 million tons of steel, down by 2.8% and by 0.2% YoY respectively. Metal products output grew by 0.6%, to 8.599 million tons. Bars accounted for 1.372 million tons, up by 0.3%, hot-rolled sheets – 3.92 million tons, up by 3.2%, and cold-rolled sheets…Details
According to the Federal Service of State Statistics, in January-September Russia produced 38.9 million tons of pig iron, up by 0.4% YoY. In September manufacture dropped by 2.2% YoY and by 4% MoM. Rolled metal output increased by 2.5%, to 46.3 million tons. In September production fell by 3.1% MoM and by 0.2% YoY. Pipe…Details
Corum has produced a KA200 shearer for the Mine named after Space Heroes of DTEK Pavlogradugol. The Space Heroes miners intend to extract some 2750 tons of coal per day. To decrease coal losses, Corum machine-builders have additionally equipped the shearer with rake-in devices and Lechler multi-injectors. Corum has also repaired a scrapper machine. (Ukrainian…Details
In January-September Chelyabinsk Iron and Steel Works received 4.1 billion rubles of net profit, up 2.4-fold YoY. Revenue grew by 7.6%, to 94.5 billion rubles. The company accounts payable dropped from 21.8 billion rubles in early 2018 to 16.8 billion rubles at the end of Q3. Accounts receivable also decreased – from 27.8 billion rubles…Details
Next week Prime Minister Vladimir Groysman intends to host a meeting on the salary debts to state miners and other debts in the industry. According to him, the problem of the profitless operation of state coal industry is systematic, and the government has to provide 2.5 billion UAH of subsidies for coal miners in the…Details
The JSC Ukrtransnafta following the tenders has concluded 7 agreements on the delivery of welded pipes worth 566.89 million UAH. Interpipe Ukraine LLC has received the most orders – for 362.15 million UAH. The company will supply pipes produced by Interpipe NTZ according to GOST 20295-85 at 7989-7991 UAH per meter. The Trading House Truboizolkomplekt…Details
The deliveries of the domestic scrap to metal companies in September grew by 3% MoM, to 276 thousand tons. At the same time exports dropped by 60%, to 8 thousand tons. In September scrap-procuring companies collected 284 thousand tons of scrap, up by 3% MoM. In January-September of 2.74 million tons of procured scrap (up…Details
Prices of gold, silver and platinum decreased in Azerbaijan on October 17, according to the data published by the Central Bank. The price of gold dropped by 6.8085 manats, to 2,077.4085 manats per ounce on October 17 compared to the price on October 16. The price of silver fell by 0.0783 manats, to 24.8617 manats…Details
In September railroad deliveries of Ural Steel LLC metal totaled 98.1 thousand tons, up by 4.4% YoY. According to the railroad statistics, in 9 months sales reached 987 thousand tons, up by 20.9 YoY. Deliveries to Russian customers grew by 20.4% YoY, to 891 thousand tons, and exports – by 25.2%, to 96 thousand tons.…Details
In September railroad sales of rolled metal from Oskol Electrometallurgical Works totaled 281.8 thousand tons, up by 3.3% YoY. According to the railroad statistics, in 9 months sales reached 2.3 million tons, up by 1% YoY. Deliveries to Russian customers fell by 24.8% YoY, to 438.6 thousand tons, while exports grew by 9.8%, to 1.87…Details
In September direct railroad deliveries of ferrous scrap to MMK grew by 11% YoY, to 258.7 thousand tons.
According to the railroad statistics, in 9 months deliveries totaled 1.36 million tons, up by 3.6%.
Since 2012 MMK has been the leader in scrap purchases via railroad. (Ukrainian metal)
The Federal Antimonopoly Service has initiated a case against railroad wheel manufacturers – Vyksa Iron and Steel Works and NTMK. They are suspected of setting monopoly high prices for wheels. The service reported a considerable increase in price since H2 2017. In April the Eurasian Economic Committee increased antidumping duty for Interpipe wheels from 4.75%…Details
Prices of precious metals increased in Azerbaijan on October 16, according to the data published by the country’s Central Bank. The price of gold grew by 6.5875 manats, to 2,084.217 manats per ounce on October 16 compared to the price on October 15. The price of silver went up by 0.0557 manats, to 24.94 manats…Details
In just one week there appeared 3 announcements on the start of bankruptcy procedures of Svetlinsky Ferronickel Works. Three claimants are EnergosbyT Plus Company, Absolut Bank and an individual. The combined volume of claims is 48 million rubles. The situation at the works worsened in spring, when the experiment to commission the newest energy saving…Details