Since the start of the year Druza LLC has produced 362.5 kg of gold, up by 4% YoY. Last year the output was 349.1 kg of gold in 5 months. The company is operating at one licensed site – the Nevskoye gold ore deposit in Irkutsk region. This year Druza intends to produce 945 kg…Details
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In 2019 Lysva Iron and Steel Works intends to produce 300 thousand tons of metal, up by 20% YoY. Since the company entered the MMK group, the output has increased more than 2-fold. While in 2017 LMZ produced 110.1 thousand tons of metal, last year the output totaled 248.5 thousand tons. This year the output…Details
In May, according to RZD, railroad throughput totaled 106.3 million tons, down by 3.8% YoY. In 5 months throughput dropped by 0.7%, to 532.1 million tons. Of metal cargo 32.2 million tons accounted for ferrous metals, down by 2.5%. Ferrous scrap transportation grew by 4.7%, to 5.6 million tons. Iron and manganese ore transportation increased…Details
In March the state-owned Vnesheconombank made an additional contribution to the Sibuglemet statutory capital in the volume of 84 billion rubles. The VEB share in the capital has not changed, it is still 100%. VEB intends to sell the company, which is now managed by Evraz. Sibuglemet is one of the largest coking coal miners…Details
Magnitogorsk Iron and Steel Works (MMK) confirmed its status as the largest supplier in Russia of rolled metal for the production of pipes. At the end of 2018, the company shipped 3.3 million tons of hot-rolled steel to the Russian market, of which more than a half was delivered to companies in the pipe industry.…Details
In May, Ukraine decreased steel output by 4.7% MoM, to 1.89 million tons. Pig iron manufacture dropped by 9.3%, to 1.698 million tons, while that of rolled metal grew by 4.3%, to 1.71 million tons. In 5 months Ukraine produced 8.74 million tons of pig iron, 9.33 million tons of steel and 7.89 million tons…Details
In May, Zaporizhstal increased steel output by 6.8%, to 342 thousand tons. Pig iron manufacture grew by 7.7%, to 335.1 thousand tons, while that of rolled metal dropped by 5.1%, to 292 thousand tons. In 5 months Zaporizhstal produced 1.711 million tons of steel, 1.832 million tons of pig iron and 1.46 million tons of…Details
Prices of gold, silver and platinum increased in Azerbaijan on June 4 compared to the prices on June 3. The price of gold grew by 17.8755 manats, to 2,249.253 manats per ounce. The price of silver went up by 0.167 manats, to 25.0631 manats per ounce. The price of platinum increased by 30.9825 manats, to…Details
Mechel-Service has supplied the first 1.5 thousand tons of flanged beams to its new warehouse in Vidnoye, Moscow region. The warehouse will stock a wide range of flanged beams and channel produced by Chelyabinsk Iron and Steel Works. This is the second beam warehouse. It will supply beams to the customers in the Central, Northwestern…Details
Krasnobrodskiy Coal Pit, a subsidiary of Kuzbassrazrezugol, has received two new TEM7A locomotives. The modernization of the rolling stock is provided for by the company railroad transport development program. Investments in the program in 2018-2019 exceed 1 billion rubles. The new locomotives will replace outdated OPE-1 models. As Kuzbassrazrezugol ships over 1.5 thousand railroad cars…Details
Yekaterinburg Non-Ferrous Metals Processing Works has received a report of the independent auditor, represented by PriceWaterhouseCoppers Audit, on the inspection of its gold refining in 2018. As a result of the inspection the company received a positive report. “The gold refining report for 2018 shows all the actions taken by the company comply with the…Details
Zagorsky Pipe Works has shipped the first pipes for Gazprom’s Northern supplies. Gazprom will receive 87 thousand tons of large diameter pipes; in particular, ZTZ will produce 1020-1040 mm diameter pipes with the wall thickness of 15-21.6 mm in three-layer outer insulation. Pipes have to be delivered by November. Last year ZTZ supplied over 112…Details
Vietnam government has announced the imposition of protective duties on the billets originating from Kazakhstan and Malaysia. The duty will be introduced on June 13 and will be valid until March 21, 2020. Protective duties on billets and bars were imposed in 2016. At present their size is 17.3% and 10.9% respectively. The duties were…Details