The gold-processing works of Kyrgyzaltyn received 132.5 million soms of net profit in 2016, up by 84.1 million soms YoY.
In 2012-2015 the average profit of the works was around 80 million soms.
Output at the works increased last year by 25.4% YoY. (Ukrainian metal)
In January-November 2016 Russia imported 4.04 million tons of rolled steel and pipes valued at $3120 million, down by 5.5% and by 4.8% YoY respectively. Ukraine remains the largest supplier (almost one third of total imports). Still its exports dropped by 9.5% YoY. Kazakhstan came second (21.6%), having increased its deliveries by 14.6% YoY, followed…
DetailsMMK Group’s total crude steel output in 2016 reached 12,544 thousand tons, up by 2.5% YoY. Overall steelmaking capacity utilization at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015). MMK Group’s total finished steel product shipments in 2016 (excluding intra-group sales) amounted to 11,570 thousand tons, up…
DetailsIn 2016 refined gold production at Nord Gold totaled 868.8 thousand gold equivalent ounces, in line with the full year production guidance range of 840-880 thousand ounces. Doré production was 870.4 thousand ounces, down by 6% YoY (924.1 thousand ounces), mainly due to the discontinuation of production at Aprelkovo, and limited access in H2 2016…
DetailsPrices of industrial manufacturers in December 2016 increased by 0.6%, according to Rosstat.
In 2016 prices went up by 7.4% YoY.
Metal companies demonstrated the highest increase in prices – by 3.6% in December, or by 18.1% in 2016. (Ukrainian metal)
In 2016 the Cherepovets Iron and Steel Works carried out around 140 capital repairs of machinery. Investments into the project totaled 17 billion rubles. According to Severstal Russian steel repairs division director Sergey Dobrodey, the program presupposed basic repairs, as well as energy efficiency, safety and product quality improvement. 4 blast furnaces, 2 sintering machines,…
DetailsSoyedinitelniye Otvody Truboprovodov, a part of ChTPZ, has produced a trial batch of seamless offsets with 820 mm diameter and 12 mm wall thickness. The new product could be used with pipelines of various purposes at the temperature ranging from minus 70 degrees C to plus 450 C. Large diameter offsets have been made of…
DetailsZaporizhstal has completed half of all the works at the blast furnace No. 3 reconstruction. “The equator has been passed. All the disassembly has been finished, the foundation is ready. We have already assembled the first block of the new BF weighing 240 tons. With just one sweep of the crane!” the company CEO Rostislav…
DetailsThe Board of Directors of PJSC MMC Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy Project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group, on the terms defined below. As a basis for this transaction, the project is being…
DetailsRussian oil and gas pipe maker TMK raised pipeline prices on the U.S. market by 15%, the first time since early 2015, in the wake of a market recovery in late 2016, CEO of the company’s U.S.-based subsidiary TMK IPSCO Pyotr Golitsyn said. “The markets are restoring rapidly. We have been raising supplies every month…
DetailsRussia’s palladium and palladium alloy output rose by 4.4% YoY in 2016, the Federal State Statistics Service said. Platinum and platinum alloy production increased by 3.3% YoY, while production of gold-bearing ore and concentrates rose by 2.6%. But production of silver ore and concentrates went down by 13.6%. In December 2016 palladium and palladium alloy…
DetailsIn 2017 Electrozinc intends to take actions aimed at improving efficiency, competitiveness and labor safety. According to the company CEO Igor Khodyko, February will see the start of construction of the absorber in the sulfuric acid shop, which will be put into operation in October. The new power substation purchase is being negotiated. The output…
DetailsIn 2016 Severstal Balakovo Bar Works, a part of Severstal Russian Steel, produced 722 thousand tons of steel, up by 20% YoY. The company also produced 660 thousand tons of bars, up by 17% YoY. Last year consumers received 702 thousand tons of bars. This year the output is expected on the same level. In…
DetailsIn 2016 Holding Cable Alliance (uniting cable assets of the UMMC) processed 37.5 thousand tons of copper, up by 12% YoY. The increase was caused by the major modernization of industrial sites and the expansion of the product range. 2016 saw new machinery assembled at all HCA companies. Thanks to this they were able to…
DetailsIn 2016 Korshunovsky Mining and Processing Works, a part of Mechel, mined 8.2 million tons of ore, up by 4% YoY. Iron ore concentrate output remained almost flat YoY at 2.7 million tons. All the products were sold on the local market, with 98% of the iron ore concentrate supplied to Chelyabinsk Iron and Steel…
DetailsThe existing system of railroad car division under Ukrzaliznytsia negatively affects the Ukrainian economy and has considerable corruption risks, Metallurgprom president Alexander Kalenkov wrote in his letter to the Prime Minister of Ukraine Vladimir Groysman. “Because of the lack of open wagons in Q4 2016 mining companies undersupplied for export up to 10% of the…
DetailsThe Yuzhnodonbasskoye Mine Group No. 1 has chosen the individual entrepreneur Ushakov the winner of the tender to supply timber. The offer of the businessman was 3.58 million UAH. The offer of another participant – I.S.I. Wood Ukraine (2.48 million UAH) – was rejected because of the error in the documents. Instead of the total…
DetailsRM-Steel is the largest Russian manufacturer of special shaped sections for shipbuilding. In 2016 the increase in consumption of steel strips according to GOST R 52927-2015 for shipbuilding was witnessed in Russia. At present RM-Steel produces A, B, D, A32-D40, E36, A40S and D40S steel grades. The production of D32W steel strips is being developed.…
DetailsThe administration of the Kemerovo region has signed an agreement on socio-economical cooperation with Magnitogorsk Iron and Steel Works, which owns several mines, a processing factory and service companies in the area. This year coal output in the region is expected to increase by 1 million tons. The company will spend 0.5 million rubles on…
DetailsIn 2016 DTEK mined 4.5 million tons of anthracite coal on the occupied territories of Donbass, up by 36.3% YoY. The A-grade coal there is mined by DTEK Rovenkiantrazit and DTEK Sverdlovantrazit. In particular, Rovenkiantrazit mined 2.2 million tons of coal and Sverdlovantrazit – 2.3 million tons, up by 43% and by 30% YoY respectively.…
DetailsAccording to the International economic rating “Best of the Best” Zaporozhye Iron Ore Complex was named “Company of 2016”. The new status has been confirmed by Standard Chartered Rating GmbH (Germany), International Rating Association (Hong Kong) and Summit International Awards (Ukraine). “This prize is the high evaluation of both the company reputation on the whole,…
DetailsIn 2016 the state enterprise Volynugol had to mine 310 thousand tons of coal. The enterprise mined 185.4 thousand tons, or 59.8% of the plan. At the end of the year average daily output improved, in particular to 622 tons, up by 108.88 tons QoQ. This year the target for the enterprise is 391 thousand…
DetailsIn 2018 the managing company Siberian Mining and Metallurgical Company plans to start processing Evraz West-Siberian Iron and Steel Works furnace wastes into pig iron. According to the company, the project is currently in development, and the investments are estimated at 200 million rubles. “SGMK has large stocks of metallurgical raw materials arising from the…
DetailsIn 2016 Altai-Koks produced 4.06 million tons of coke, up by 0.7% YoY. Capacity loading remained high – over 95%.
The company supplied some 84% of the coke produced to the local market, including 76% within NLMK Group. The rest was exported to Kazakhstan, Ukraine, Uzbekistan, Germany, Belgium and Finland. (Ukrainian metal)
Kazakh coal producers are interested in entering new markets in Europe and Asia after the reduction in coal export to Russia, Executive Director of the Republican Association of Mining and Metallurgical Enterprises Nikolai Radostovets said. Russia is set to replace Kazakh coal imports to its own coal, within the program of industry development until 2030.…
DetailsThe National Tariff Commission of Pakistan after finishing the antidumping investigation into imports of cold-rolled coil and sheets originated from China and Ukraine has introduced safeguard measures. According to an official report of the commission, the decision on imposing antidumping duties was made on January 19, for the period of five years. Cold-rolled products are…
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