Serebro Magadana, a part of Polymetal, developing gold and silver deposits in the Magadan region, will put into operation a new warehouse of chemical reagents at the Lunnoye deposit in Q3. The construction of the warehouse is nearing construction. The warehouse will be able to store up to 3.4 tons of chemical reagents. Last year,…
DetailsSeverstal has been approved by Nissan Manufacturing RUS to supply its galvanized rolled metal of NST780X and NST980X grades. The company has confirmed its technical compliance with the client’s demands and received a right to supply metal for the mass production of Nissan cars in Russia. Moreover, under its large-scale reconstruction program Severstal has started…
DetailsIn 2018 Ferrexpo enterprises paid 2.4 billion UAH of taxes to the budgets of all levels. In particular, Poltava Mining and Processing Works paid 1957 million UAH of taxes, Yeristovo GOK – 407.1 million UAH and Belanovsky GOK – 11.3 million UAH. PGOK paid 237 million UAH to the local budget, 139 million UAH to…
DetailsIn 2018 Metinvest was placed 42nd in the rating of the largest steel producers, published by World Steel Association. Last year the group produced 9.37 million tons of steel, down from 9.59 million tons in 2017. In 2017 Metinvest was also placed 42nd. But before it lost its assets in Eastern Ukraine, seized by Russia-controlled…
DetailsPJSC Magnitogorsk Iron and Steel Works (MMK) announced that on May 31 the Annual General Meeting of Shareholders was held in Magnitogorsk. The AGM approved the annual report and accounts for 2018 and the payment of dividends. Based on the results of Q4 2018, dividends will be paid in the amount of 1.398 rubles (before…
DetailsSubsidiary of Privatization Agency of the Republic of Latvia SIA FeLM continues holding talks with investors on the sale of assets of insolvent metallurgical company KVV Liepājas metalurgs, says FeLM board chairman Jānis Rībens. “Talks continue with multiple investors. FeLM assesses offers from all investors, including offers regarding sale of separate assets. In accordance with…
DetailsIrshansk Mining and Processing Works has concluded an agreement with Mezhirechenskiy Mining and Processing Works on the delivery of ilmenite valued at 47.33 million UAH. This year the MGOK will have to supply 20,580 thousand tons of raw concentrate at $87 or 2300 UAH per ton. Last year IrGOK ordered ilmenite concentrate from MGOK at…
DetailsPrices of precious metals increased in Azerbaijan on June 3 compared to the prices on May 31. The price of gold grew by 33.8385 manats, to 2,231.3775 manats per ounce. The price of silver went up by 0.1982 manats, to 24.8961 manats per ounce. The price of platinum increased by 12.325 manats, to 1,362.635 manats…
DetailsZEMZ has repaired the furnace No. 2, an important part of the mill-1150 in the rolling shop No. 1. The furnace heats billets with the weight of up to 3.6 tons for the consequent rolling at the mill. The furnace is fueled with natural gas. Its output is 150 tons per day. As a result…
DetailsOtradnoye LLC has won a right to develop a gold site in the Republic of Sakha (Yakutia). The price of the site on the Rodinka Brook totaled 17.105 million rubles. The deposit balance reserves are estimated at 82 kg of gold for open-pit extraction and 645 kg for underground mining. KTK LLC won the auction…
DetailsIn January-March, Metalloinvest net profit grew by 29.6% YoY, to $539 million. EBITDA increased by 8.1%, to $730 million. Revenue went up by 2.4%, to $1.856 million. The company net debt totaled $3.336 billion, down by 0.7% since the beginning of the year. Capital expenses dropped by 7.4%, to $88 million. (Ukrainian metal)
DetailsSeverstal has concluded and agreement for the modernization of the turbo-generator No. 7 of the Cherepovets Iron and Steel Works steam-air-thermal power plant. The cost of the investment project is 600 million rubles. The modernized turbo-generator is expected to be commissioned in late 2020 This is the second modernization of the company turbine power park;…
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