Roman Abramovich’s Crispian Investments has sold Norilsk Nickel shares for some $551 million. At first the businessman intended to sell 1.25% of shares for $440 million, decreasing the Crispian share in the company from 6.37% to 5.12%. According to VTB Capital, 39% of the shares were purchased by investors from UK. Russian investors accounted for…Details
Ukrmetallurgprom believes that in April Ukraine will produce 1.7 million tons of steel. Rolled metal output will total 1.5 million tons and pig iron – 1.7 million tons. As of March 13, 19 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 15 out of 16 converters, 7 out of electric arc furnaces…Details
In 2018 Ukraine imported 938.9 thousand tons of manganese ore valued at $182.7 million, down by 27.9% and by 18.1% YoY respectively. According to the State Fiscal Service, more than half of the volume was bought from Ghana (57.5%, up by 16.5%). Russia supplied 18% of ore, down by 4%, and the Republic of South…Details
Rusal intends to announce the end of the construction of the Boguchansky Aluminum Works first stage in late March. The second line of the first stage will increase the enterprise capacity 2-fold, to some 300 thousand tons. BoAZ is being constructed by Rusal together with Rushydro. The first line with the capacity of 150 thousand…Details
On March 1, the 470-millionth ton of coal was mined at the Nazarovsky pit, since the enterprise has been put into operation.
Last year the output totaled 3.5 million tons, exceeding the target.
The 450-millionth ton was produced in 2013.
Nazarovsky pit started operating 68 years ago – in 1951. (Ukrainian metal)
Since its commission in 2008, SMC-Kolpino has produced and sold 200 thousand tons of steel products. The anniversary ton was shipped to a European manufacturer of wind plants. In H2 2018 the company received a number of export orders with the combined volume of 10 thousand tons. The shipping was successfully completed in March. The…Details
The Uralelectromed subsidiary (The Manufacture of non-ferrous metals alloys) has produced a cone-sieve for the copper sulfate shop. Previously the sieve was ordered in Germany and had a thickness of 1 mm. The subsidiary increased the wall thickness to 3 mm, and the sieve proved to be much cheaper in production. At present the cone-sieve…Details
Chelyabinsk Iron and Steel Works has mastered the manufacture of a new channel type. The 30U channel can withstand considerable pressure and is used in construction and machine-building. The first batch of products has already been shipped to customers. So far ChMK has produced 450 tons of 30U channels, and shipped 340 tons. The rail…Details
The supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…Details
In 2018 Trubostal received 687 thousand UAH of net losses as opposed to 14.806 million UAH of net profit in 2017. The undistributed profit totaled 21.419 million UAH. The company current liabilities dropped by 4.2%, to 198.088 million UAH, while the long-term liabilities remained unchanged at 9 million UAH. Accounts receivable fell by 15.2%, to…Details
Azovstal is continuing the construction of a pump station to chemically treat water to cool blast furnace No. 3. The construction of the station started in November 2018. So far 370 tons of metal structures and 23 water pipelines (13.8 km) with the diameter of 300 to 426 mm have been assembled. “This is a…Details
Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…Details
The prices of precious metals varied in Azerbaijan on March 13. The price of gold increased by 13.073 manats, to 2,217.667 manats per ounce compared to the price on March 12. The price of silver went up by 0.0567 manats, to 26.2427 manats per ounce. The price of platinum grew by 15.878 manats, to 1,419.908…Details
Rescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…Details
The government of Uzbekistan has drawn up a plan of prospecting works to increase gold reserves from 2020 to 2024 by 474 tons. According to the plan, the gold reserves have to increase due to the opening and the further development of new gold deposits. As of the end of 2019 the gold reserve has…Details
In January-February Ukraine increased imports of copper and copper wares by 19.7% YoY, to $15.666 million. According to the State Fiscal Service, copper exports dropped by 62.6%, to $11.673 million. In February copper imports totaled $7.447 million and exports – $5.395 million. Nickel imports grew by 9.7%, to $15.794 million ($6.559 million in February), aluminum…Details
The damage done to Electrozinc by the fire in October 2018 totaled 6.2 billion rubles. The damage was calculated together with indirect economic losses. The fire broke out on October 21, 2018 and spread to 4.5 thousand square meters. One firefighter perished, two more people were injured. The reason of the fire was arson. (Ukrainian…Details
In January-February Amur region extracted 2675.8 kg of gold, down by 5.2% YoY. At present only ore gold is mined in the region. Alluvial gold extraction will start in April-May. 5 companies are engaged in gold mining, with Petropavlovsk in the lead. In particular, the company enterprises provided for 85% of the combined gold output.…Details
In 2018 Russky Ugol increased coal sales by 100 thousand tons.
The coal mined in Amur region is supplied to the local market.
In particular, the company sold 3.5 million tons of coal mined at the Yerkovetsky and Severo-Vostochniy pits.
In 2017 sales were on the level of 3.4 million tons. (Ukrainian metal)
In February Ukraine exported 2.851 million tons of iron ore raw materials valued at $228.6 million, down by 9.8% and by 2.5% YoY respectively. According to the State Fiscal Service, the share of iron ore in the exports was 5.82%. Ukraine supplied $76.8 million worth of ore to China, $65 million to Poland and $62.2…Details
In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…Details
The Supreme Court has not satisfied the claim of the State Service of Geology and Subsoil on the legality of the order to cancel the license of the Shakhta 1-3 Novogrodovskaya LLC to mine coal. This is the final ruling. In July 2012 the State Service granted the company a special allowance to mine coal…Details
Kherson Sea Trade Port has concluded an agreement and started working with the transport-expeditor company Metinvest-Shipping LLC.
The port has already exported the first batch of 9 thousand tons of rolled metal.
Metinvest-Shipping services cargo in the major ports of Ukraine, as well as transports it by railroad. (Ukrainian metal)
The prices of precious metals varied in Azerbaijan on March 12. The price of gold decreased by 1.3005 manats, to 2,204.594 manats per ounce compared to the price on March 11. The price of silver went up by 0.157 manats, to 26.186 manats per ounce. The price of platinum grew by 18.2325 manats, to 1,404.03…Details