According to the audit of suppliers in Q2 carried out by Tikhvinsky Railroad Car Works, MMK-Metiz became one of the best suppliers. The audit is carried out in correspondence with the Russian Railroads requirements, the company and international standards on supply to control the quality stability and reliability of supplies, as well as decrease and…
DetailsIn January-June Raspadskaya increased coking coal deliveries to Evraz Ukraine enterprises 4.4-fold YoY, to 231 thousand tons. Evraz Ukraine share in Raspadsakay sales increased to 7% from 2%. In 6 months Raspadskaya sold 3.594 million tons of coal, up by 11% YoY, including 2.137 million tons for exports, up by 13%. Export share in the…
DetailsAlmalyk Mining and Metallurgical Combine, a monopoly copper producer in Uzbekistan, will execute a $420 million-worth project to develop Yoshlik II porphyry copper deposit by 2024, according to the decree of Uzbek President Shavkat Mirziyoyev. The main parameters of the investment project have been approved in the document. The deposit should reach its designed capacity…
DetailsRussia’s Energy Ministry does not expect strong coal price fluctuations either on the domestic or the international market until the end of 2017, Deputy Energy Minister Anatoly Yanovsky said during celebration of the Miners’ Day in the city of Mezhdurechensk on August 25. “It is a thankless task to forecast prices. If you mention optimistic…
DetailsThe modernization of Mogilev Metallurgical Works opens up new prospects for the enterprise, Belarus Prime Minister Andrei Kobyakov said as he visited the plant on August 25. Mogilev Metallurgical Works has implemented a high-technology project to produce rough axles for 1520 mm-gauge railway rolling stock. “I am glad that our designers and technicians demonstrate their…
DetailsRevdino Non-Ferrous Metals Processing Works hosted a meeting of UGMK-OtsM, RZOTsM, Uralmekhanobr and SMS Group specialists on the delivery, assembly and commissioning of a new pressing line.
The equipment is expected to arrive in autumn.
The new pressing line will occupy the largest territory in the shop No. 38. (Ukrainian metal)
Kimkano-Sutarsky Mining and Processing Works LLC since the start of its operations has shipped 1 million tons of iron ore concentrate. At present the daily loading is around 100 railroad cars, with 6 thousand tons of concentrate each. The products are exported to the Asian-Pacific countries. By late December the company will have reached the…
DetailsNordgold has concluded an agreement for the delivery of mining machinery for the Gross project in Yakutia valued at $60 million with the Vostochnaya Tekhnika Company, a Cat dealer in Russia. The 5-year contract presupposes the delivery of machinery, as well as training of Nordgold personnel. The construction of the Gross mine started in June…
DetailsMechel intends to mine 23 million tons of coal in 2018. “Coking coal concentrate output will be on the level of 10 million tons”, the company CEO Oleg Korzhov reported. Elginskoye deposits are expected to yield 4.5 million tons, Yakutugol – 8-8.5million tons. “We had to decrease Yakutugol output target for the next year, as…
DetailsThe State Service of Geology and Subsoil Use has prolonged the Vostochniy Mining and Processing Works licenses for subsoil use. “It took my numerous reminders and a miners march to Kiev for the geology commission to gather and prolong the license to mine uranium ore for VostGOK”, the ecology minister Ostap Semerak said. VostGOK is…
DetailsIn January-June Elgaugol LLC, a part of Mechel, mined 1.9 million tons of coal at the Elginskoye deposits in Yakutia, down by 4% YoY. In April Mechel reported that in 2017 Elgaugol output would increase by 21% YoY, to 4.5 million tons. As of June 30 the annual plan has been 42% fulfilled. Elgaugol has…
DetailsAccording to preliminary results, in July the USA imported 3.15 million tons of steel, down by 11.5% MoM, but up by 6.3% YoY. The main decrease was on behalf of semi-finished products – down by 300 thousand tons MoM. Brazilian companies decreased supplies, while Russian increased slab deliveries. All in all in July Russia supplied…
DetailsNovolipetsk Iron and Steel Works has chosen the supplier of equipment for the scheduled repair of the converter No. 1 in the converter shop No. 2. The Boiler Equipment Works (the city of Beloretsk) will produce and supply the gas outlet equipment for the cooling boiler. The repairs will start in H2 2018 and will…
DetailsThe Zaporozhye enterprises paid over 1 billion UAH to the city budget in January-July. The personal income tax amounted to more than half of all taxes – 654 million UAH, up by 357 million UAH YoY. The growth of the personal income tax was caused mostly by the salary increase at major companies. For example,…
DetailsIn January-June Rusal placed eurobonds valued at $600 million with the 5-year maturity rate and the interest of 5.125%, as well as panda-bonds for 1 billion yuan ($150 million) for 2+1 years with 5.5%. The group has also placed $500 million worth of eurobonds for 6 years with 5.3% interest. Rusal has signed a new…
DetailsIn January-June Rusal increased earnings by 22.3% YoY, to $4.674 billion, mostly because of the LME aluminum price increase and the company sales growth by 3.8%. Earnings in Q2 went up by 7.4% QoQ, to $2,467 billion. The share of the high added value products increased to 49.2% from 44.3%. Corrected EBITDA in Q2 grew…
DetailsIn January-July Chepets Mechanical Works received 1.134 billion rubles of net profits, up by 12% YoY, with earnings up by 3%, to 6.686 billion rubles. The works has signed a contract with Hermit GmbH for the delivery of titanium products to Europe. In 5 years the company will supply over 1 thousand tons of titanium…
DetailsIn July Russia shipped 9.2 million tons of iron ore, up by 2.2% YoY, with 63.8 million tons shipped in 7 months, down by 0.2% YoY. Local sales increased by 2%, while exports dropped by 2%. Ukraine and Hungary stopped importing iron ore altogether, while Slovakia, Finland and Germany decreased imports by 70%, 2-fold and…
DetailsNorilsk Nickel, one of the largest refined nickel and palladium producer in the world, reports that on August 24 its Board of Directors considered to call an Extraordinary General Meeting of shareholders (EGM) on September 29 and set the EGM record date (the list of shareholders eligible to vote) on September 5. The Board of…
DetailsGold production in the Chukotka Autonomous District is to decrease by 3 tons in 2017 due to reserve depletion on some of the deposits, head of the region Roman Kopin reported on August 24. “The amount expected in 2017 is 26 tons,” Kopin said. Chukotka Mining and Geological Company and Severnoye Zoloto, units of Kinross…
DetailsThe net loss of Russian gold producer Lenzoloto tripled to 1.072 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 24. The pre-tax loss also tripled to 1.091 billion rubles, income from sales fell by 17.5%, to 2.396 billion rubles, including income from gold…
DetailsThe Russian Railroads decided to change the level of the railroad tariff for export transportation of aluminum and aluminum wire rod. The new decreased tariff will be 0.867 from the current. The new tariff will be used when transporting aluminum and wire rod in a combined volume of not less than 3.466 million tons in…
DetailsA separate shop to produce copper wire rod was created at Kyshtym Electrolytic Copper Plant in 2007. With the new Southwire continuous casting technology the works increased wire rod output from 10 thousand tons to 100 thousand tons per year. Now the company has begun another modernization project. It plans to install a new casting…
DetailsCherepovets Iron and Steel Works has started commissioning the polymer coating mill in the metal coating shop No. 3 being constructed. The first trial coil has already been produced. The new complex will be put into operation in September. The metal coating shop No. 3 will include the continuous dip-galvanizing machine with the capacity of…
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