In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…Details
In January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016.
The company profits in the period increased from $302 million to $721 million.
In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)
In January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…Details
According to the contract concluded, Energomashspetsstal will produce another batch of rolls for Azovstal Iron and Steel Works. The contract provides for the delivery of 40 working rolls for hot-rolling with the weight of up to 40 tons. The rolls will be delivered in October-November. Their total weight will be 316.48 tons. EMSS rolls will…Details
The Ukrainian Prime Minister Vladimir Groysman has paid attention to the corruption in the issue of providing wagons by Ukrzaliznytsia and has set a task for the railroad company to deal with it. “That’s a good news, that the requests of cargo senders have finally been heard. We are sure that the attention of the…Details
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, that resumed operations in late July after a 6-month shutdown, has launched exports to Asia, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area, on August 18. “Over 60% of the products is…Details
The President of the Republic of Uzbekistan signed a decree “On additional measures on further development of JSC “Almalyk MMC”. The document was adopted in order to accelerate the sustainable development of production facilities of JSC “Almalyk MMC”, expanding the raw material base of the plant, attracting the advanced technologies in the development of deposits…Details
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area. “Torex bought the facility in late January to become…Details
In January-July Ukrainian companies increased rolled metal consumption by 18.5% YoY, to 2.036 million tons. Rolled metal exports totaled 10.618 million tons, up from 8.477 million tons in H1 2016. In particular Ukraine exported 2.8 million tons of long rolled metal (2.091 million tons in H1 2016), 2.9885 million tons of flat rolled metal (2.925…Details
Avdiivka Coke and Chemical Works has started constructing a new tube-type furnace to heat coal pitch. According to the company statement, the object will remove failures in the whole coal pitch processing shop operation. Investments total 38 million UAH. At present the works operates 2 tube-type furnaces. They have been working long and need to…Details
Dneprovsky Iron and Steel Combine has stopped its blast furnace No. 12 for scheduled repairs. BF No. 1M and BF No. 9 are operating normally. They are fully provided with raw materials. The sinter shop No. 2 operates to supply sinter to the blast furnace shop. The converter shop is manufacturing square billets for rolling…Details
In January-July Ukraine exported 188.039 thousand tons of ferrous scrap, down by 19.4% YoY, valued at $40.627 million, down by 0.9%. At the same time scrap imports increased by 0.2%, to 15.031 thousand tons, valued at $13.96 million, up 3.4-fold. The main suppliers of scrap were Turkey (87.44%), Moldova (5.8%) and Russia (3.07%), with Turkey…Details
Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…Details
Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy.
According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled.
Still, until September most of the employees will not be working. (Ukrainian metal)
In January-June Russkiy Ugol enterprises mined 6.8 million tons of power-generating coal, up by 11% YoY and by 881 thousand tons from the target. Coal shipping in H1 totaled 6.5 million tons, up by 15% YoY. Krasnoyarskiy Krai was the leader in mining and shipping with output at 3.2 million tons, up by 23% YoY,…Details
In January-June KAZ Minerals produced 118 thousand tons of copper, having more than doubled its H1 2016 result (56 thousand tons) The Bozshakol GOK produced 52 thousand tons of copper, up 5-fold YoY. Aktogay GOK produced 33 thousand tons of copper. Copper output at Vostokcement and Bozymchak GOK in Kyrgyzstan decreased by 19%, to 33…Details
Lysva Iron and Steel Works has postponed the construction of the second cold-rolling shop for an indefinite period because of the absence of funds and the unfavorable economic situation in the country. “We started construction when the situation was favorable. But since 2014 we have been experiencing the lack of financing, the banks were not…Details
In January-June ChTPZ Group received 72.566 billion rubles, up by 6% YoY. Gross profit decreased by 21%, to 17.297 billion rubles, EBITDA – 11.001 billion rubles. In H1 the group profits totaled 2.101 billion rubles (5.81 billion rubles in H1 2016). In January the group was able to refinance its consortium loan of 75.689 billion…Details
According to the Federal Agency on technical regulation and metrology (Rosstandart), the GOST R 52146-2003 “The cold-rolled sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has been terminated, and a new standard GOST 34180-2017 “Cold-rolled steel sheet and cold-rolled dip-galvanized sheet with polymer coating from continuous lines. Technical conditions” has…Details
Almalyk Mining and Processing Works has started developing the Dalneye deposits. In April AGMK and RIVS (St. Petersburg, Russia) signed an agreement on cooperation to construct a copper-processing complex for $500 million. According to AGMK, the development of the deposits valued at $1.7 billion will provide for the mining of 23 million tons of ore…Details
On August 16, Vostochniy Mining and Processing Works uranium miners went on a strike. The ore mining and salary payment were stopped three months ago because of the expiry of the license to use subsoil resources. The company received the license 20 years ago and now it has expired. But the State Service on geology…Details
Warehouses of the Central Mining and Processing Works are full of products, which cannot be shipped because of Ukrzaliznytsia. With the nominal capacity of warehouses at 70 thousand tons, they now stock 103 thousand tons, while pellets have to be stored in the fields. “We are way behind our obligations to our customers, mostly in…Details
In July metal companies increased natural gas consumption by 4% YoY, to 130 million cubic meters. Average daily gas consumption totaled 4.2 million cubic meters. In 2016 daily average daily consumption totaled 4.8 million cubic meters, down from 5.5 million cubic meters in 2015. In January-July Ukrainian metal companies consumed 1 billion cubic meters of…Details
Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.
According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)