Sergey Kaplin, a member of the Verkhovna Rada from the Petr Poroshenko Block faction, suggests nationalizing ArcelorMittal Kriviy Rih. According to an explanatory note to a draft decree, the MP suggests the Cabinet of Ministers to buy all the shares of the enterprise. The goal behind the idea is to protect the national interests and…
DetailsUkrzaliznytsia (Ukrainian Railways) has once again announced a tender to sell scrap. This is 16.059 thousand tons of bulk scrap No. 510 (rail scrap) with the starting price of 181.196 million UAH. The auction will take place on March 4. (Ukrainian metal)
DetailsIn January Zaporozhye Iron Ore Complex decreased iron ore output by 1.9% YoY, to 360 thousand tons. Last year the enterprise produced 4.552 million tons of ore, up by 1.1% YoY. Iron content was 60.91%. In December 2018 ZZhRK mined 376.1 thousand tons of iron ore, down by 1.5% from the target. Iron content was…
DetailsIn January Khabarovsk region extracted 1314.5 kg of ore gold, up by 17.1% YoY. Silver output grew by 3.3%, to 4.3 tons. In January 2018 the region yielded 1122.2 kg of gold and 4.1 tons of silver. Alluvial gold sites will start working in May. Last year Khabarovsk region produced 24.591 tons of gold and…
DetailsThe Irkutsk industrial company MetalActivgroup has modernized its manufacturing capacities and increased metallized pellets and DRI output. This is the only enterprise in Russia to produce metallized pellets and DRI of magnetite ore using coal. In 2018 the company attracted a loan of 28 million rubles to buy machinery. 12 million rubles were provided by…
Details2 miners have perished at the Yubileynya mine of Sukhaya Balka. The accident happened at 7 a.m. after a night shift at the depth of 1340 meters. The miners died of gas. The bodies are still in the mine. The conditions of the accident are being determined. (Ukrainian metal)
DetailsIn January Ukraine exported 40.6 thousand tons of pipes, down by 10.9% MoM, valued at $48.7 million. According to the State Fiscal Service, the pipes share in the total export was 1.19%. Seamless pipes accounted for 31 thousand tons ($42.8 million), other pipes and tubes – 8.7 thousand tons ($5.3 million) and other pipes and…
DetailsAccording to the Statistics Committee of the Ministry of the National Economy, in January Kazakhstan produced 223.8 thousand tons of steel, down by 41.3% YoY. Flat rolled metal manufacture dropped by 72.3%, to 69.932 thousand tons. Ferroalloys output grew by 5.4%, to 180.573 thousand tons. (Ukrainian metal)
DetailsEnergomashspetsstal has received a new order from ArcelorMittal – Belval & Differdange to produce and supply 4 working rolls for the hot-rolling mill. According to the agreement, the rolls have to be shipped to Luxembourg in September-October. The total weight of the batch will be 128 tons. EMSS and AM have been cooperating since 2011.…
DetailsSeverstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3 and the ceilings for local currency-denominated debt…
DetailsPrimetals Technologies has received another order from Evraz NTMK to supply an automation system and electric equipment for the blast furnace No. 6 reconstruction. The system will optimize the blast furnace operation and decrease coke usage. Primetals Technologies has already modernized the blast furnace No. 7, commissioned in early 2018. The blast furnace No. 6…
DetailsIn January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
DetailsAverage salary in the metal and mining industry in Ukraine is 2 times higher than the monthly wages of financial and law workers. According to the Federation of metallurgists, in December 2018 the average salary of Ukrainian metal makers ranged between 10 thousand UAH and 26.9 thousand UAH. In particular, a typical blast furnace gas…
DetailsIn January Ukraine increased pig iron exports by 18.3% YoY, to 276.4 thousand tons, valued at $95 million, up by 25% YoY. According to the State Fiscal Service, the share of pig iron in the overall exports totaled 2.34%. Most of pig iron was sold to US (53.7%, or $60.6 million), Italy (12.4%) and Mexico…
DetailsRussia’s gold output rose by 2.45% YoY, to 314.42 tons in 2018, the Finance Ministry said citing data on gold supplies to refining plants. Mined gold output rose by 4.14%, to 264.41 tons, while by-product gold output decreased by 5.85%, to 15.44 tons, and gold scrap production fell by 5.55%, to 36.6 tons. Russia’s silver…
DetailsPM Nikol Pashinyan has presented details surrounding the existing situation at the Teghut Copper and Molybdenum Mine (Lori province) and the Alaverdi Copper Smelting Plant. Speaking in parliament, the PM presented how the situation developed in the first place. According to Pashinyan, the VTB Bank lent $380 million to the Teghut mine and Vallex Group,…
DetailsFrom April 2017 until December 31, 2018, AzerGold CJSC sold non-ferrous metals worth 220 million manats, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at the first plenary meeting as part of the project “Application of a roadmap for disclosing information about beneficiaries in the mining industry of Azerbaijan”. Ibrahimov noted that the…
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