In January-October Yakutia obtained 21.5 tons of gold, including 11.8 tons of ore gold and 9.7 tons of alluvial gold. Alluvial gold target has been outperformed by 7%. Ore gold output is slightly lagging behind, but should increase. The target for this year is 24 tons of both ore and alluvial gold. In 2011 the…Details
ArcelorMittal Kriviy Rih is creating a specialized repair enterprise the Foundry-Mechanical Plant LLC on the basis of 7 shops. Its main activities will be the repair business. The creation of the company started in November and is scheduled to end in April 2018. The new enterprise will provide repair services both to its own companies…Details
As of early December Kimkano-Sutarsky Mining and Processing Works has shipped 1.5 million tons of iron ore concentrate since the start of operation in 2016. In January-September the works shipped 1.167 million tons. In Q3 the company produced 469.9 thousand tons of iron ore concentrate. At present, according to the company CEO Yuri Makarov, KSGOK…Details
In January-October Telen mined 97 million tons of coal. As of November 15 output reached 105 thousand tons. “Telen intends to operate while its license is still valid – till 2059. Our plans for the future is to increase output, expand sales markets and construct industrial premises”, the company said. In 2016 the company obtained…Details
Natalka Mining and Processing Works, the main new project of Polyus, has received the first batch of Dore gold. The company is testing the new machinery. Polyus expects the project to reach full capacity by late 2018. Natalka gold-extracting factory with the capacity of 10 million tons of ore is the largest in Russia. It…Details
The rolling shop No. 1 of the Zlatoust Electrometallurgical Works has started manufacturing new products – the 45×580 mm hot-rolled strip. “The strip has been manufactured at the 1150-mill of the 2.8-ton steel ingot. In just one smelting of the 560×560 mm ingot we were able to receive the 45×580 mm strip with the high…Details
Corum Group has purchased a Doosan DBC160 drilling-milling center for its plant in the city of Kharkiv for 1 million euro. This is the largest investment in the manufacturing machinery of the company in the past several years. According to the company the purchase will allow it to produce most of the spare parts on…Details
In October world pig iron manufacture increased by 1.7% YoY, to 99.649 million tons. According to World Steel Association, China was leading with 60.015 million tons, up by 2.1% YoY. Ukraine occupies the 9th position with 1.655 million tons, followed by Taiwan with 1.25 million tons. In November Ukraine produced 1.83 million tons of pig…Details
The management of Zaporozhye Aluminum Works hopes that the Cabinet of Ministers will write off its 50 million UAH debts to the Pension Fund. According to the fund, Zaporozhye region companies’ debts stand at 62.204 million UAH. ZALK is the largest debtor with 53.32 million UAH, followed by Zaporozhye Titanium and Magnesium Works (4.24 million…Details
Since the start of the year Dalenergougol LLC has mined 60 thousand tons of coal at the Vostochniy site of the Ilyichevskoye deposits. The company operates four Belaz-7547 with the lifting capacity of 40 tons each at the site, as well as Komatsu PC 750 and Hitachi 650 excavators. By the end of the year…Details
In October Russian Railroads transported 8.9 million tons of iron ore, on the level of the year start. Since the beginning of the year some 91.3 million tons of ore have been transported, down by 0.2% YoY. Exports continued decreasing due to the growth of local consumption. The largest decrease in exports was in the…Details
S&P Global Ratings has improved the TMK rating to the Stable. The agency has also confirmed the company long-term ratings in foreign and local currency on the level of B+. “The Stable forecast shows our expectation of the company to continue making efforts to decrease the share of loan funds”, the agency said. According to…Details
In November Zaporizhstal produced 300.5 thousand tons of steel, down by 3.6% YoY. According to the company statement, pig iron manufacture increased by 14.8%, to 316.9 thousand tons, while rolled metal output dropped by 30.2%, to 186.2 thousand tons. The decrease in manufacture is explained by the capital repairs of 1150 and 1680 rolling mills…Details
The Republic of Bashkiria has granted tax preferences to 5 priority investment projects.
Among them is the “Organization of the multistrand ropes manufacture”.
Beloretsk Iron and Steel Works initiated the project.
Investments total 510 million rubles. 68 new jobs will be created. (Ukrainian metal)
Gaysky Mining and Processing Works is finishing the technical revamping of the sixth ore-loading unit at the processing factory.
This is the final stage of the work this year.
The factory processes some 29-30 thousand tons of ore per day.
Investments in the construction of the new unit total 24 million rubles. (Ukrainian metal)
Global rating agency Fitch has downgraded outlook for a BB- long-term issuer’s default rating of Russia’s Chelyabinsk Pipe-Rolling Plant, or ChelPipe, to Negative from Stable, it said in a statement. The Negative outlook reflects Fitch’s wariness about ChelPipe’s ability to reduce liabilities and the overall debt to funds from operations (FFO) ratio from 4x at…Details
In November Ukraine produced 1.87 million tons of steel, down by 3% MoM. Pig iron manufacture grew by 2%, to 1.83 million tons, while rolled metal dropped by 6%, to 1.6 million tons. “A slight decrease of steel and rolled metal output in November has to do with the scheduled and current repairs of the…Details
Three gold deposits in Naryn region of Kyrgyzstan were sold for $1.8 million, the State Committee of Industry, Energy and Subsoil Use reported. Following the auction on the Small Naryn field (placer gold, geological exploration), Egiz-Suu LLC, which offered $53,000, was declared the winner. The winner of the auction for the right to use the…Details
Industrial Union of Donbas (ISD) Corporation is currently controlling its production assets in Alchevsk, Luhansk region, namely Alchevsk Iron and Steel Works, Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, located in the temporarily uncontrolled territory of Ukraine. “Due to different interpretations of ISD Corporation’s statement made on November 29, we believe it is necessary…Details
Russian aluminum giant UC RUSAL has agreed to acquire a majority stake in K&K, a Krasnoyarsk region-based light-alloy wheel disks facility, it said in a statement on November 30. The deal is currently under a due diligence procedure and will be sent to the Federal Antimonopoly Service for approval after its structure is defined, a…Details
Industrial Union of Donbas Corporation (ISD) has officially reported on a significant risk of losing effective managerial control over the production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the…Details
The government has imposed new export duties on tungsten scrap and waste. The duty of 7.5% has been imposed for a year. In 2014-2015 Russia exported 21 tons of tungsten scrap at $3.6 per kg, while in 2016 – 138 tons at $10.8 per kg and in 2017 it is expected that exports will reach…Details
Uraltrubprom has developed and put in operation a unique line to manufacture connections for casing pipes used in oil extraction. The peculiarity of the new line is its German robots, which have become a link between the typical mills in the manufacturing chain. “Our main task was to unite all the separate units of the…Details
In January-October Severstal supplied around 400 thousand tons of metal to Russian and CIS automobile manufacturers, up by 21% YoY. In particular, Russia-based plants received 300 thousand tons of metal, up by 7% YoY. “According to our estimates, the demand for steel in Russian automobile industry in 2017 will increased by 9-12% YoY, and next…Details