Gazprombank is looking for a strategic investor for the gold-extracting company Petropavlovsk to buy a share in IRC. According to a major Petropavlovsk shareholder Kenes Rakishev, who owns 22.42% in the company, a major steel company could be such an investor. He didn’t give any names though. At the same time the sale will be…Details
Mechel reports that the supervisory board of the Fund of industry development of the Ministry of Industry and Trade has approved providing a loan to Beloretsk Iron and Steel Works to carry out a project to modernize steel wire and rope manufacture. The cost of the project is 1.5 billion rubles, and the loan will…Details
Cherepovets Iron and Steel Works has finished the assembly of the automated system of the coke-oven batteries Nos. 5 and 6 heating model. The total cost of the modernization was some 80 million rubles. Severstal Russian Steel investment department and CherMK coke shop No. 1 employees together with the subcontractors have equipped a control room…Details
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…Details
In January-February, export prices increased by 11.1% YoY, and import prices – by 8.5%. In particular, ferrous metals export prices dropped by 5.3%, ferroalloys – by 3%, aluminum – by 2.7%, copper – by 2.3%, zinc – by 1.5% and chromium ores – by 1.7%. At the same tine coal prices grew by 14.7%, copper…Details
In 2022 Russian Copper Company intends to commission a mining and processing works within the project to develop Malmyzh gold-copper-porphyry deposit in Khabarovsk region. “We are currently performing geological and prospecting works. We are also designing the location of the main premises of the factory. The launch of the GOK is scheduled for 2022”, RCC…Details
RIAK, the plant that produces aluminum sections in Ingushetia, intends to double its output volumes. “From November, the company will reach its planned capacity of 6600 tons per year, thus increasing its output 2-fold”, the company CEO Magomet Tumgoyev said. The plant was opened in 2012, and the second stage launched in April 2018. 80…Details
In 2018 UGMK-Stal produced over 1.1 million tons of steel. In particular, Nadezhdinsky Iron and Steel Works increased output by 5% YoY. The company also sold 564 thousand tons of rolled metal and mastered the manufacture of 4 new sections and 13 steel grades. The share of rebars in the Electrostal Tyumeni output decreased to…Details
In 2018 PMH consolidated revenue exceeded 89 billion rubles, up by 5% YoY. The prime cost of products sold totaled 64.4 billion rubles, up by 12%. Gross profit dropped by 10%. EBITDA was 19.3 billion rubles, almost flat YoY. Net profit decreased by 83%, to 1.3 billion rubles, mostly due to currency exchange rate difference.…Details
NLMK participated in the Skolkovo Startup demo-day in Lipetsk as part of the Open Innovations Startup Tour. The tour aims at finding new promising projects. At the preliminary stage NLMK representatives have reviewed 40 projects in the sphere of metallurgy, energy, repair and HR. Leaders of the best projects have been invited to Lipetsk. In…Details
In February, Russia exported 403.5 thousand tons of raw aluminum, up by 48% MoM and by 61.7% YoY. Revenue grew by 51% and by 62.4% respectively, to $741 million. In January-February, exports totaled 675.8 thousand tons valued at $1232 million, up by 42% and by 40% YoY respectively. In February the average aluminum price was…Details
In January-march, the time to deliver ferrous scrap over railroad to metal companies totaled 5.1 days, up by 7.7% YoY. The minimal time (4.5 days) was in Q1 2015 and Q1 2017. This year the batches with the total weight of up to 260 tons (77% of all shippings) were delivered within 5.4 days, up…Details
Baldzha LLC, developing alluvial sites in Zabaikalye region, intends to yield some 800 kg of gold this year. The initial quota each year is 300 kg. But the enterprise tries to get more. Last year the plan was 700 kg, but the final result was 706 kg, an absolute record in 30 years. The washing…Details
In 2019 the gold-extracting factory of Polyus Aldan, which operates on the territory of the Kuranakh ore field in Yakutia, intends to process 5.6 million tons of ore with the average content of 1.2 g of gold per ton. In March the record volume of gold was received – 1 ton. By the end of…Details
The wheel and tyre shop of Evraz NTMK has started using a 3D-printer to manufacture a range of unique parts. This has allowed decreasing machinery down time, as all the necessary parts are always available. Their prime cost is dozen times cheaper and the time to produce is just several shifts. The shop intends to…Details
The warehouse complex of ChTPZ has supplied 300 tons of large diameter pipes to Evraz NTMK. The pipes were produced at the Chelyabinsk Pipe Works and would be used for the company modernization. In particular, the warehouse complex supplied LDP with the diameter of 820 mm and wall thickness of 10 mm made of St17G-1-u…Details
Mechel has signed an agreement to supply metallurgical coke to Kayseri Sugar, the largest sugar producer in Turkey. According to the agreement, Mechel will have to deliver up to 90 thousand tons of coke in 2019-2021 (some 30 thousand tons each summer). The price will be determined during negotiations. “Turkey is one the priority export…Details
The Moscow Arbitration Court has turned down a 174-million ruble suit of RUSAL Bratsk, a subsidiary of Russian aluminum giant UC RUSAL, against power producer Unipro over a malfunction at the Berezovskaya GRES power plant. In its suit, RUSAL Bratsk asked the court to cancel a capacity supply agreement signed in 2010 and make Unipro…Details
In January-March, Uzbekistan decreased gold output by 25% YoY, to 809 thousand tons.
According to the state statistics, in Q1 2018, 1087 thousand tons of coal were mined.
In December 2018, 45% of Uzbekugol were transferred to the management of Progress Gor Tech LLC (Russia). (Ukrainian metal)
Russian state nuclear corporation Rosatom’s fuel company TVEL has signed a cooperation agreement with German titanium supplier Hermith to create a joint venture for manufacture of titanium products with a high added value, TVEL said. The venture will sell its products to aviation, car, and pharmaceutical companies, TVEL said, adding that the agreement also…Details
Mariupol Ilyich Iron and Steel Works has been awarded for the development of the labor potential.
The plant was awarded at the XI forum of the Employers Association.
Avdiivka Coke and Chemical Works was awarded in the category “Despite crisis”. (Ukrainian metal)
Gold prices decreased in Azerbaijan on April 17 compared to the prices on April 16. The price of gold fell by 12.2655 manats, to 2,172.0475 manats per ounce. The price of silver increased by 0.1243 manats, to 25.5532 manats per ounce. The price of platinum dropped by 7.6925 manats, to 1,498.9155 manats. And the price…Details
In January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…Details
Metalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…Details