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Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has cut its 2016 gold output forecast to 840,000-880,000 ounces from 880,000-930,000 ounces due to suspension of production at the Aprelkovo mine and difficulties with access to African deposits because of an extraordinarily long rain season, the company said in a statement. But the forecast…
DetailsBelarus and Pakistan are mulling over a joint steel production project, the press service of the Belarusian Industry Ministry reported. “Minsk hosted an official meeting of the Belarusian Industry Ministry authorities led by Minister Vitaly Vovk with Ahmad Ayaz Sadiq, Vice President at Barclays Bank Plc, Director for FI and NBFI Coverage in the Middle…
DetailsIn 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…
DetailsPavlogradskoye Mine Group has mined 3 million tons of power-generating coal a month before the planned time. The company is in the TOP-3 DTEK miners. Average daily output in January-October totaled 11 thousand tons. “The output of 3 million tons will let out thermal power plants provide light and warmth to hundred thousands of Ukrainian…
DetailsThe Cabinet of Ministers has corrected the Novovolynskaya No. 10 mine construction project estimating it at 4457.24 million UAH. According to the new project, 2.189 billion UAH will be spent on mining and construction works, 1.309 billion – on equipment and machinery, 960.4 million UAH – on other expenses. The time of construction is now…
DetailsCorum Group plans to produce the second lot of headgear sheaves for Vorkutagol by the end of 2016.
According to the company statement, the first batch was produced in November.
The equipment has been specifically produced for operation in the extreme North.
Since 2011 Corum Group has produced and sold some 100 sheaves. (Ukrainian metal)
In 2015 Ukrainian companies produced 852 thousand tons of pipes, down by 39% YoY. In January-September the output dropped by 3% more, to 623 thousand tons. This output decrease could be explained by several factors. First of all, it’s market situation transformation and sales market change. Until recent times the main consumers of Ukrainian pipes…
DetailsShareholders of Centravis Production Ukraine have dismissed Elena Antosheva from the board of directors and appointed Ruslan Zaplyusvichka instead. According to the company statement, Antosheva has been the BD member since May. Zaplyusvichka has been appointed until November 2019. He used to occupy the positions of the deputy financial director, deputy economy and provision director…
DetailsLebedinsky Mining and Processing Works, a part of Metalloinvest, has entered the active phase of commissioning the third stage of its hot-briquetted iron works. According to the company statement, the works will start producing HBI in late 2016 – early 2017. This will be one of the largest HBI works in the world capable of…
DetailsVolnogorsk Mining and Processing Works plans to announce a purchase of 7 large quarry machines valued at 70 million UAH.
According to the company statement, the tender will be announced in November at the ProZorro system of electronic purchases. (Ukrainian metal)
The state enterprise United Mining and Chemical Company estimates its investments into the acquisition of assets since September 2014 at 300 million UAH. According to the company statement, 182 million UAH was spent to buy equipment for Volnogorsk Mining and Processing Works, with some 112 million UAH – for Irshansk Mining and Processing Works. In…
DetailsIn January-October Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works produced 9.25 million tons of pellets, down by 4.6% YoY. According to a company representative, its concentrate output went up by 1.9% YoY, to 11.72 million tons. In October 930 thousand tons of pellets and 1.14 million tons of concentrate was produced. Ferrexpo…
DetailsIn January-October Interpipe-Steel produced 522 thousand tons of steel, up by 6.3% YoY.
According to a company representative, in October steel smelting totaled 58 thousand tons, down from 64 thousand tons in September.
On October 28, the works halted its operation for 10 days to carry out scheduled repairs. (Ukrainian metal)
On November 3, ArcelorMittal Kriviy Rih witnessed an environment strike. 15 city public organizations went on a strike against AMKR polluting the environment. In response the company said that all its ecological projects for the past 10 years were aimed at the step-by-step replacement of the outdated machinery with more environment-friendly equipment and implementation of…
DetailsChairman of the State Service of Special Communication and Information Protection Leonid Yevdochenko has declared owning Zaporizhstal shares, 13.5 thousand euro and $12.5 thousand.
In particular, he has a flat in Kiev and a land plot in Kiev region as well as 903 shares of Zaporizhstal. (Ukrainian metal)
In November Yenakievo Iron and Steel Works, a part of Metinvest, started producing angles of two new sizes. The products are intended for the local market and are sold through Metinvest-SMC network. 90x90x6 mm and 40x40x3 mm angles are produced according to DSTU 2251-93/GOST 8509-93. They are used in construction and machine building. The first…
DetailsPJSC «MMC «Norilsk Nickel», the largest global nickel and palladium producer, reports that its Board of Directors calls an Extraordinary General Meeting of shareholders (EGM) on December 16. The Board of Directors has recommended for the EGM approval an interim dividend payment for nine months of 2016 in the amount of 444.25 rubles (approximately $6.95)…
DetailsInterpipe intends to increase its export sales by constructing two more railroad car wheel treatment lines. “Our goal is to increase exports sales: to Europe, USA, Mexico. We would go on investing and increasing our capacities. We have plans for at least two such stages (wheel treatment)”, the company finances and economy director Denis Morozov…
DetailsZaporizhstal calls on the government to create conditions to attract investments into the river transportation infrastructure to efficiently use the river Dnepr potential. According to the company statement, there are 10 river ports along the 1 thousand km of the Dnepr, and yet only 0.5% of the total cargo in Ukraine is transported via rivers.…
DetailsRussian metals giant Norilsk Nickel may issue green Eurobonds to fund a $1.74 billion sulfur dioxide capture project for Nadezhda Metallurgical Plant, Artyom Pozdnyakov, head of the department for organization of financing, reported. Norilsk Nickel will work out plans for the project’s financing next year. “We will look at what instruments will be there. The…
DetailsPJSC «MMC «Norilsk Nickel» has signed the contract on sulfur dioxide capture project for Nadezhda Metallurgical Plant located at the company’s Polar Division with SNC-Lavalin, Canada. The Board of Directors of the company approved of the contract on November 7. The contract is divided into two phases: developing a detailed project design documentation (first phase)…
DetailsIn uranium mining Ukraine has a number of technological and economic advantages that allow it to freely compete with other uranium-mining countries. One of the most important economical indicators of uranium ore mining is the prime cost of the technological processes. If all the factors that constitute the final cost of the uranium ore are…
DetailsThe plant will produce a variety of metal products, among them heavy-duty grids for further production of gabion systems used for prevention and elimination of emergency situations. The projected capacity of the plant will amount to 5,000 tons of metal products per year at the first phase, with its further increase. It is expected that…
DetailsSteel rope and wire producer Silur in Khartsyzsk has been idle since late September. For the past 2 years the production has been stopped a couple of times. Now the employees worry that after the latest halt the operation will not be resumed. During the Silur halt its employees received 2/3 of the wages. The…
DetailsIn January-September Russia produced 2.6 million tons of prefabricated steel construction structures, up by 1.4% YoY.
According to the Federal Service of State Statistics, in September steel structures output went up by 3.7% YoY and by 2.2% MoM. (Ukrainian metal)