Susumanzoloto board of directors has elected the chief technician and acting general director Alexander Chugunov CEO of the company. Chugunov has been appointed for 5 years. Susumanzoloto is among top-10 gold producers in Russia. In 2015 the company and its subsidiaries mined 4234.4 kg of gold, up by 6.58% YOY. This year it plans to…Details
PJSC «MMC «Norilsk Nickel», the world’s largest producer of nickel and palladium, has joined the United Nations Global Compact. This major UN initiative in the area of corporate social responsibility and sustainable development unites entities committed to responsible business and good industry practice worldwide. “Joining the United Nations Global Compact is a milestone for Nornickel…Details
In January-October Vostochny Mining and Processing Works produced 810.5 tons of uranium concentrate, down by 14.6% YoY. According to the company statement, the cost of the concentrate produced totaled 2.6 billion UAH. In October VostGOK produced 88.4 tons of uranium concentrate valued at 312.8 million UAH. In January-September concentrate output at VostGOK dropped by 17.6%…Details
Ukrmetallurgprom has been elected the affiliated member of the World Steel Association. According to the company statement, WSA was created in 1967 as the International Iron and Steel Institute, switching its name in 2008. WSA headquarters are in Brussels, Belgium, the second office opened in Beijing, China in 2006. WSA members produce 85% of the…Details
Rusal has sold 100% stake in its Alpart bauxite-alumina complex in Jamaica to the Chinese Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO), for $299 million. Alpart sale will not affect Rusal’s self-sufficiency in alumina. Alpart (Alumina Partners of Jamaica) is a large alumina producer, using bauxites extracted from its own mines. Before it was…Details
Since the beginning of the year Alardinskaya mine yielded 2 million tons of coal.
“The world and local markets witness coking coal shortages. To satisfy the metal makers demand we have to work efficiently. Alardinskaya miners successfully cope with this task”, Raspadskaya Coal Company CEO Sergey Stepanov said. (Ukrainian metal)
Cherepovets Iron and Steel Works, a part of Severstal, produced the 250-millionth ton of coke. The first coke was produced in 1956. The CherMK coke division operates 8 coking batteries, which yield some 4.5 million tons per year and employ 1180 people. This year the company began one of its largest investment projects – the…Details
After once again being shelled by the Russia-supported terrorists Avdiivka Coke and Chemical Works, a part of Metinvest, had to work on just one emergency electricity line. But soon another line was pit into operation. “Avdiivka is left without water, as the Donetsk filtering station has been cut from electricity following the shelling”, the company…Details
In Q3 Seversk Pipe Works, a part of TMK, received 395.9 million rubles of net losses. The previous two quarters were profitable for the company. In particular, in Q2 it received 839 million rubles of profits. Q3 revenues dropped by 24% QoQ, to 7.56 billion rubles, with sales profits at 73.4 million rubles, down from…Details
Korshunovsky Mining and Processing Works, a part of Mechel, has assembled new pumps at the Ilim water inlet. The cost of the equipment totaled 3.3 million rubles. The machinery would pump water from Ilim water inlet to the processing factory to be used in the iron ore processing. “The new equipment will provide us with…Details
Zaporizhstal intends to receive 4 billion UAH of net profits in 2016, up from 1.8 billion UAH in 2015. The beginning of the year was very difficult both for Zaporizhstal and for the world metallurgy. “I would even call this period (late 2015 – early 2016) the strongest crisis on the market for the past…Details
In October-November Mariupol Ilyich Iron and Steel Works, a part of Metinvest, started producing 1.2-1.55 mm hot-rolled coils. According to Metinvest statement, these coils are used in construction. Coils are made in accordance with DSTU 2834-94/GOST 16523-97. The EU-standard coils are expected to be produced in the near future. “Ukraine never produced hot-rolled coils of…Details
The Republic of Komi decided not to build the alumina plant. Komi Aluminum was SUAL’s project on construction of alumina-aluminum complex, with the expected capacity of 6.5 million tons of bauxites, 1.5 million tons of alumina and 300-500 thousand tons of aluminum per year. The cost of the project was estimated at $2 billion in…Details
Alexander Shevelyov, who earlier was the CEO of timber company Sveza, has been appointed the CEO of steelmaker Severstal, the company said in a statement.
Acting CEO of Severstal Alexander Kulichenko was appointed the CFO. (Prime/Ukrainian metal)
After several years of idleness the Kremenchuk Steel Works starts operating.
The company will be opening new jobs in the railroad car and steel shops for local citizens.
The Kremenchuk mayor has ordered the company to provide salary and tax plans. (Ukrainian metal)
In January-September DTEK companies mined 22.3 million tons of coal, up by 4.1% YoY. “We are continuing to develop our companies and have finished 2 important projects, that increase coal mining and processing capacities. Pavlogradskaya Central Processing Factory can now process 7 million tons of coal per year, while coal reserves at Yubileynaya mine have…Details
In January-October Russia increased primary aluminum output by 1.4% YoY, with aluminum alloys output up by 11.2%.
According to the Federal Service of State Statistics, aluminum rods and sections production went up by 2.4%, of plates, sheets, strips and bands – by 9.7%, but that of foil dropped by 10.8%, all YoY. (Ukrainian metal)
In October Volzhsky Pipe Works shipped 61 thousand tons of steel pipes via railroad, down by 0.5% MoM and by 31% YoY. The works has been lagging behind the last year results since the start of this year. VTZ supplied 52 thousand tons of pipes to the local market (down by 2.5% MoM and by…Details
In Q3 Amurmetal received 748.3 million rubles of net losses, up by 2% QoQ. The company revenue totaled 989 million rubles, down by 25% QoQ. Liquid steel smelting dropped by 60% YoY, to 167.84 thousand tons. In January-September Amurmetal received 2.56 billion rubles of net losses, up by 27% YoY. The company produced 71 thousand…Details
Aktyubinsk Rail and Beam Works has certified its products according to the Russian state standard GOST R 51685-2013. The certificate expands ARBZ possibilities of supplying rails to the countries, where this standard is used, primarily to Russia. “Most ex-Soviet countries prefer rails certified to GOST R 51685-2013. We have already signed a contract to supply…Details
In January-October ArcelorMittal Kriviy Rih produced 4.671 million tons of rolled metal, up by 8.8% YoY. According to the company statement, steel output went up by 7.1% YoY, to 5.238 million tons, while that of pig iron – by 14.1% YoY, to 5.04 million tons. Sinter production increased by 10.4%, to 8.68 million tons, of…Details
In November StalTrans plans to increase metal sales by 9% MoM, to 3.6 thousand tons. According to the company statement, wire sales increase is expected to hit 9%, to 2.8 thousand tons, with nails sales up by 8%, to 0.7 thousand tons. In October StalTrans sold 3.3 thousand tons of metal wares, up by 11%…Details
Energomashspetsstal has signed an agreement with Presezzi Extrusion s.p.a. for the delivery of parts for pressure equipment.
EMSS will produce columns and crossheads with the total weight of 63.5 tons.
According to the contract, all the parts have to be supplied in Q1 2017.
The companies have been cooperating for over 12 years. (Ukrainian metal)
In January-October Yakutia mined 21 tons of gold, down by 8.7% YoY. The output drop is explained by the late start of the 2016-industrial season. Some companies could not even start operating. In 2015 Yakutia mined 25.08 tons of gold, up by 5.2% YoY. This year Yakutia is expected to produce 22 tons of gold.…Details
In January-October Russia decreased palladium ingots and its alloys output by 0.1% YoY.
Platinum and its ingots production dropped by 0.4% YoY.
In October platinum output dropped by 33.6% YoY and by 28.5% MoM. Palladium output decreased by 30.2% YoY and by 6.2% MoM. (Ukrainian metal)
In January-October Kazakhstan produced 3521.85 thousand tons of steel, up by 11.7% YoY.
According to the Ministry of economy, flat rolled metal output totaled 2476.75 thousand tons, up by 17.5% YoY, ferroalloys production reached 1595 thousand tons, up by 5.8%.
Kazakhstan also mined 80.82 million tons of coal, down by 5.6% YoY. (Ukrainian metal)