By the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons). Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks. Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some…Details
Ormet has completed the main construction works at the underground mine Djusinsky. In early December the main ventilation machinery will start operating to provide fresh air to the mine. After that the company will have to assemble electricity network and commission all the objects constructed. This will be done roughly in a month and a…Details
In January-September Berezitovy Mine LLC, a part of Nordgold, yielded 2407 kg of gold, up by 32% YoY. In particular, in Q1 the company produced 833 kg of gold, in Q2 – 459 kg, in Q3 – 765 kg, up by 41% YoY. The increase is explained by the growth of gold content in ore…Details
Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop).
The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH.
The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)
Volzhsky Pipe Works has finished the scheduled modernization of the main sites at the pipe-rolling shop No. 3, which produces hot-deformed seamless pipes for oil and gas industry. In particular, the sites of the pipe hot-rolling and casing pipes treatment have been modernized. The works have considerably improved the operating characteristics of the shop machinery.…Details
Mining Service has purchased a Hitachi excavator to comply with the output program of the Vasilyevsky mine. The new excavator is expected to dig some 200 thousand cubic meters of rock each month, with the possible increase to 250 thousand cubic meters. Vasilyevsky mine is the gold-extracting company in Krasnoyarsk region. Its current output is…Details
In 2018-2020 Norilsk Nickel intends to produce 210-215 thousand tons of nickel of its own raw materials each year. According to the company statement, copper output is expected to total 400-420 thousand tons. Palladium and platinum production might reach 100-105 tons. Nornickel keeps the forecast for 2017 output at 206-211 thousand tons of nickel, 377-387…Details
Metinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…Details
The agreement was concluded in October.
According to the contract, EMSS will produce 22 supporting rolls with the total weight of 499 tons. The rolls will be used in the cold- and hot-rolling mills.
The delivery is scheduled for Q1-2 2018. (Ukrainian metal)
The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…Details
Evraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus).
The change in the ownership took place on November 17.
Drampisco and Palmrose B.V. are Evraz’s daughter companies.
In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)
SL Zoloto, a joint venture between Polyus and Rostec-Business Development, has initiated a 180,000-meter survey drilling program at Sukhoi Log, the biggest gold greenfield project, in Russia’s Irkutsk region, Polyus said in a statement on November 21. “The campaign, which is scheduled to last for two years, will provide the basis for Polyus to update…Details
The ex-director of the state enterprise Volynugol will pay for the damages done to an employee by illegal firing. According to the Novovolynsk city-district court, the claim of the regional prosecutors has been granted. Now the state enterprise, represented by its ex-director, has to pay 24.5 thousand UAH to the employee as the average salary…Details
The ChTPZ Group has started producing a new type of long pipes of stainless chromium-nickel steel with the diameter of 20 mm, wall thickness of 2 mm and the length of 18-20.3 meters. The manufacturing process is organized at Pervouralsky Pipe Works. The first batch of pipes with the combined length of 24 thousand meters…Details
In January-September the gold-mining company Vysochaishiy received 2.3 billion rubles of net profit, down 2-fold YoY. Revenue dropped by 28.1%, to 7.37 billion rubles. Gross profit fell 1.6-fold, to 3.9 billion rubles, sales profit – 1.8-fold, to 3.37 billion rubles. In 2016 Vysochaishiy produced over 5 tons of gold, including 4.8 tons in Irkutsk region.…Details
UGMK-OTsM has presented a new product on the Russian market – the Cu+ antimicrobial copper. The company has already sold the first batch of rolled Cu+. The Moscow-based Delis Food company purchased 2 tons of M2 copper foil with the size of 0.05×500 mm according to GOST 1173-2006. Delis Food has started work to obtain…Details
The second stage of the rolling complex project at Kamensk-Uralsky Iron and Steel Works is in full swing. So far 42 ingots have been rolled and the first batch of hot-rolled plates (thickness of 150-250 mm and length of 10-26 m) of aluminum alloys has been produced. The quality of the rolled metal meets ASTM…Details
In January-October Zabaykalye region produced 1247.5 tons of tungsten concentrate, down by 14% YoY. In October output totaled 88.8 tons. The decrease is connected with the drop of tungsten contents in ore. 2 enterprises mine for tungsten ore in the region. Novoorlovsky Mining and Processing Works provides for 96% of the output, while Bom-Gorkhonsky Mine…Details
In January-October Chukotka Autonomous District mined 400.8 thousand tons of coal, up by 83% YoY.
Of this volume, Shakta Ugolnaya provided 178.3 thousand tons, down by 19%.
The second largest miner in the region is Beringpromugol LLC, developing the Fandyushkinskoye deposits since December 2016. This year the company has mined 222.5 thousand tons. (Ukrainian metal)
In January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY.
Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%.
In 9 months the company mined 800 kg of gold. (Ukrainian metal)
Raspadskaya has fulfilled its annual coalmining plan in advance. The company has yielded 5.528 million tons of coal so far. At present the mine is preparing and developing 11 sites. The mining is carried out at the 4-10-29 long face; in late September the 4-6-33 long face with the reserves of 3.5 million tons of…Details
Bratsk Aluminum Works has been named among the best enterprises of Irkutsk region in 2016. “This award is deserved. Bratsk Aluminum Works is a responsible employer; our collective agreement has been named the most efficient in the industry. The company is also a reliable partner of the regional authorities in social issues”, BrAZ managing director…Details
The rail and beam shop of Evraz NTMK has started producing a new type of rolled metal – the 40P channel. At present Evraz NTMK is the only producer of such a channel in Russia. The new hot-rolled channel is made of steel to order, including of 09G2S stainless steel, which can be used in…Details
The world demand for aluminum in 2017 will grow by 5.9% YoY, to 63.1 million tons, because of the improvement on markets outside of China by 3.9%, to 29.3 million tons, and in China – by 7.7%, to 33.8 million tons. According to Rusal forecasts, shortage will total 1.1 million tons of aluminum, up from…Details