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Status LLC and its daughter company Orotukanskaya Alluvial Company LLC are developing alluvial gold sites in Magadan region. This year they intend to extract at least 1 ton of gold. The companies started the washing season in early May. So far they have obtained 535 kg of gold, up by 10% YoY. Last year the…
DetailsFor the sixth year in a row Russia has been retaining the third position in the world ranking of gold extraction, following China and Australia. In 2018 Russia extracted 329.9 tons of gold, up by 3.7% YoY. The leading positions in Russia are held by Krasnoyarsk and Magadan regions, as well as the Republic of…
DetailsArtem Akinfiyev has been appointed Severstal Russian Steel pipe manufacture director – Izhorsky Pipe Works general manager. He started his work with Severstal as a mechanic-repairman at Cherepovets Iron and Steel Works. From May 2017 till July 2019 he has been Severstal – Bar Works Balakovo CEO. Dmitriy Pokrovskiy, who has been managing ITZ until…
DetailsIn April-June Metalloinvest increased iron ore output by 4.8% QoQ, to 10.063 million tons. The increase is due to the processing of a better quality ore as well as the decrease in repair time of machinery. Pellets manufacture went up by 5.7%, to 7.23 million tons, and hot-briquetted/directly reduced iron – by 0.4%, to 2.029…
DetailsArcelorMittal Kriviy Rih has opened a new metal warehouse in the city of Dnipro. The warehouse is situated on the left bank of the river Dnipro close to a traffic intersection and railroad. The site is expected to sell some 5 thousand tons of metal each month. The warehouse can store up to 10 thousand…
DetailsIn January-June iron ore manufacture at Metinvest enterprises grew by 3% YoY, to 14.454 million tons. In Q2 concentrate output increased by 1% QoQ, to 7.25 million tons, mostly due to the growth of output at SevGOK by 87 thousand tons, which compensated for the drop of 41 thousand tons at InGOK. Pellets manufacture increased…
DetailsSpetstrade Ltd LLC in April-July received several orders from state mine groups to supply various products made mostly of steel valued at 112.69 million UAH. In particular, Toretskugol placed orders for 54.97 million UAH, Mirnogradugol – 44.99 million UAH and Selidovugol – 12.73 million UAH. The most expensive agreement with Mirnogradugol (37.58 million UAH) presupposes…
DetailsIn January-June Metinvest produced 3.923 million tons of steel and 4.008 million tons of pig iron, up by 3% but down by 7% YoY respectively. Coke manufacture dropped by 7%, to 2.48 million tons. In Q2 steel output increased by 2% QoQ, to 1.982 million tons, and pig iron – by 5%, to 2.051 million…
DetailsRussia can limit the export of ferrous and non-ferrous metals scrap to countries, which are not parts of the Eurasian Economic Union from January 1, 2020. The exports will be limited to the volumes purchased at the exchange. This will make the scrap exports more transparent. For the past 10 years Russia has been procuring…
DetailsGaysky Mining and Processing Works has finished assembling all the units of the skip hoist manufactured by Uralmashzavod. It will replace the outdated machine currently in use. This is the final stage of the Expluatatsionnaya mine reconstruction, which Gaysky GOK has been carrying out since 2011. The mine has to be commissioned in August. (Ukrainian…
DetailsEnergomashspetsstal has shipped the second batch of supporting rolls to Essar Steel, India. The batch comprised 4 bulk rolls with the combined weight of 107 tons. According to the agreement signed in 2018 EMSS has to produce and ship 12 supporting rolls for the cold- and hot-rolling mills until the end of the year. So…
DetailsIn January-June Chelyabinsk Zinc Works decreased net profit almost 2-fold YoY, to 1.754 billion rubles. Revenue dropped by 25%, to 13.124 billion rubles. Gross profit fell by 20%, to 3.729 billion rubles. (Ukrainian metal)
DetailsAccording to Chinese customs office, in June imports of raw nickel increased by 18.5% MoM and by 35.6% YoY, to 21.127 thousand tons. Russia contributed the most to this increase – 10894 tons, up by 1360% MoM and by 228% YoY. In 6 months China imported 96.4 thousand tons of raw nickel, down by 25.7%…
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