In January-February Khabarovsk region yielded 2216.2 kg of gold and 8.4 tons of silver, up by 3.8%, but down by 1.5% YoY respectively. At present only ore gold is extracted in the region. The alluvial gold season will start in May and last till late October. This year it is planned to obtain 23450 kg…Details
Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…Details
The United Metal Company has been named the best manufacturer of pipe products for the oil and gas industry in 2017.
The company was awarded this title in 2012, 2013, 2015 and 2016 as well.
The results of the rating are based on the survey of major Russian industry players. (Ukrainian metal)
In the first 13 days of March the average daily metal output increased by 2-4% MoM. As of March 13, 19 out of 21 blast furnaces, 12 out of 16 converters, 8 out of 9 open-hearth furnaces, 7 out of 15 electric arc furnaces and all the 14 continuous casting machines were in operation. In…Details
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…Details
In February deliveries of scrap metal to Ukrainian metal works dropped by 20 thousand tons MoM, to 225 thousand tons, or 93% of the need. According to Ukrmetallurgprom, in January-February metal companies received 470 thousand tons of scrap, up by 3% YoY, or 97% of the need. In February scrap stocks at metal companies grew…Details
In January-February Ukraine produced 2977 thousand tons of rolled metal, of which local customers received only 334 thousand tons, or 11.3% of the total volume. “In January-February 2017 of 3188 thousand tons produced 2536 thousand tons (79.5%) were exported, while the rest (652 thousand tons, or 20.5%) were sold domestically”, reported Ukrmetallurgprom. This year Ukraine…Details
Magnitogorsk Iron and Steel Works (MMK) operated its coated steel facilities at maximum capacity utilization in 2017. As a result, MMK once again confirmed its status as the leading producer of this product in Russia. This was highlighted by Senior Manager of Coated Metal Sales Group at PJSC MMK Alexey Oleynik during his speech at…Details
Russian metals holding Metalloinvest has launched a 1.3-billion ruble concentrate intake facility with a capacity of 3.2 million tons at the Mikhailovsky GOK ore mining and dressing plant, the company said in a statement. The facility takes and unloads iron ore concentrate from the Lebedinsky GOK plant and passes it to production units of the…Details
In January the subsidiaries of the United Mining and Chemical Company concluded 7 agreements on the services of transportation valued at 258.35 million UAH. In particular, Volnogorsk Mining and Processing Works ordered Unitrans Operator LLC railroad transportation of dry cargo valued at 104.77 million UAH. Irshansk Mining and Processing Works will pay the company 62.17…Details
In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY.
Concentrate output dropped by 6.4%, to 2.019 million tons.
In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate.
Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)
Kyshtym Electrolytic Copper Plant has finished the assembly of a new cooling stack. The equipment has been installed under the project to modernize and increase capacity of the company copper wire rod output. As the company plans to increase output, more water will be needed. Thus the cooling stack has more powerful pumps and fans.…Details
ChTPZ has supplied some 6 thousand tons of large diameter pipes to Uzbekistan. The customer was Enter Engineering, one of the leaders of the Central Asia oil and gas construction market. The pipes with the diameter of 1020 mm and the wall thickness of 10 mm and outer three-layer corrosion-resistant coating were made of K52…Details
Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…Details
The minister of energy and coal industry Igor Nasalik says the Ministry of Finances has promised to provide 1 billion UAH by April to develop coal industry. “For a month and a half we have been attending meetings chaired by the Prime Minister Vladimir Groysman. And we have found an algorithm: by the end of…Details
PJSC ArcelorMittal Kriviy Rih increases the level of technical equipment for its own gas rescue service. Priority No. 1 of the company is safety of its employees at production sites, their lives and health. The enterprise has renewed a fleet of emergency-rescue vehicles at gas rescue service. PJSC ArcelorMittal Kriviy Rih invested 2.4 million UAH…Details
In January-February Irkutsk region yielded 2460.93 kg of gold, including 2460.3 kg of ore gold and 0.63 kg of alluvial gold. The output increased by 33.8% YoY, or by 621.7 kg. Moreover in January-February 2017 alluvial gold was not extracted. Last year the region obtained 22903 kg of gold, including 12115 kg of ore gold…Details
Polymetal International plc has concluded an agreement with Altynalmas on the sale of 50% in the Dolinnoye gold deposits. At present Polymetal owns 50% in Dolinnoye, with the rest owned by Dolfinflip Co. Limited. Both companies agree to sell their 50% share in Aktogay Mys LLC (owner of the license for Dolinnoye) to Altynalmas. For…Details
OrelMetallPolymer has presented a new manufacturing site. The company is located in the city of Mtsensk of Orel region. The continuous polymer-coating machine has the capacity of 40 thousand tons per year and coats steel and aluminum. The thickness of the rolled metal is 0.25-1 mm, while the width is 900-1250 mm. The plant also…Details
NLMK intends to increase its galvanized and polymer-coated rolled metal capacities at the Lipetsk site by constructing the continuous hot dip galvanizing line No. 5 and polymer-coating machine No. 4. The former will produce 450 thousand tons of rolled metal with the thickness of 0.3-2.5 mm and the width of 700-1550 mm per year, while…Details
Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine.
At present this move is being analyzed.
Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)
In 2017 Pobuzhye Ferronickel Plant processed 1.28 million tons of ore, down by 9.8% YoY, which corresponded to 72.5 thousand tons of ferronickel, down by 9.3%, or 15.3 thousand tons of nickel, down by 15.6%. According to the company CEO Oleg Bespalov, the decrease was the result of the capital repairs in H1 2017. The…Details
Lately Interpipe has invested some $250 million in its pipe-wheel manufacture. “We have invested almost $100 million in the manufacture of railroad products and around $150 million in pipes”, Interpipe corporate issues director Dmitry Kisilevsky declared. Earlier it was reported that Interpipe commissioned additional capacities on wheel treatment. Investment totaled $8 million. The new capacities…Details
Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15.
The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)