Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first quarter of 2019. In the first three months of 2019, Kumtor Gold Company produced 150,308 ounces or 4,675.10 kg of gold and contributed more than 1.51 billion soms in taxes and mandatory payments. Kumtor produced 150,308 ounces of gold…
DetailsIn January-April, Ukraine increased ferroalloys exports by 1.7% YoY, to 314.073 thousand tons valued at $345.188 million, down by 4.1%. According to the State Fiscal Service, the main customers were Turkey (17.61%), Italy (16.06%) and the Netherlands (9.36%). Ukraine also imported 16.223 thousand tons of ferroalloys, down by 1%, valued at $49.434 million, up by…
DetailsSeverstal Distribution has commissioned a new shaped sheet line at the Cherepovets Service Metal Center. The new machinery will expand the product range and increase output by 20-50%. The line produces two types of sections of rolled metal with zinc and polymer coating: S-8 and MP-20. The machinery can process metal with the thickness of…
DetailsLast year, Klyuchevsk Ferroalloys Works produced 20.3 thousand tons of ferroalloys, up from 13 thousand tons in 2017, including 7.9 thousand tons of metallic chromium, 10.7 thousand tons of ferrochromium, 274 tons of ferrotitanium and 585 tons of other ferroalloys. The company also sold 37.9 thousand tons of slag products and 19.3 thousand tons of…
DetailsPayments on environmental tax are growing but they are not used in Ukraine for environment protection purposes. Most of this money goes to national budget and not to local one, and is spent for anything but not for environment. It is necessary to change the mechanism for distribution and spending of this money as well…
DetailsThe state enterprise Selidovugol has ordered Vostokmash LLC repair valued at 139.93 million UAH. This year the company will have to repair 167 sections of mechanized anchoring 1Kd-90 at 838 thousand UAH apiece at the Mine Ukraine. The price of the deal is 0.3% below the expected cost (140.3 million UAH). (Ukrainian metal)
DetailsIn April, Energomashspetsstal shipped 460 tons of supporting rolls to Europe. The products were shipped to Germany, Romania, France, Spain and Italy. In particular, the rolls were delivered to ArcelorMittal Galati, AМ Eisenhüttenstadt, AМ Fos-sur-Mer, ArcelorMittal Piombino S.p.A. and ArcelorMittal Atlantique et Lorraine Seremange HSM, as well as to Aperam. One supporting roll weighing 33…
DetailsIn April, Vitim started extracting alluvial gold in Irkuts region. In just one month the company has extracted 200.2 kg of gold. At the same time, in April 2018 the company yielded 206 kg of gold. This year Vitim intends to extract 2800 kg of gold. The extraction season will last till November. (Ukrainian metal)
DetailsIn 2018 Chelyabinsk Iron and Steel Works decreased net profit by 20.69% YoY, to 4.2 billion rubles, Sales revenue grew by 4%, to 124.3 billion rubles. The cost of assets as of the end of the year totaled 230 billion rubles, up by 57%. (Ukrainian metal)
DetailsIn January-March, Susumanzoloto extracting gold in Magadan region, received 1.486 billion rubles of revenue, down by 16% YoY. Sales profit grew 2-fold, to 306.4 million rubles. The company net profit increased by 53%, to 106.5 million rubles. In 2018 Susumanzoloto received 2.039 billion rubles of net profit, with the total volume in 5 years reaching…
DetailsIn April, the deliveries of metal via railroad to the trade network warehouses reached 0.95 million tons. According to the railroad statistics, deliveries grew by 5% YoY. In January-April, railroad deliveries increased by 2% YoY, to 3.54 million tons. (Ukrainian metal)
DetailsNLMK Group has delivered its first batch of high-strength Quend 1100 steel to Liebherr, one of the world’s largest manufacturers of construction machinery. NLMK Clabecq (NLMK Group’s Belgian company) will supply steel to produce telescopic booms for a new type of Liebherr mobile cranes with a load capacity of 230 t. The prototype has been…
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