Polymetal Int has acquired additional 25% of shares in the gold deposits Dolinnoye for $1.6 million, having increased its stake to 50%. “With this deal we strengthen our Varvarinsky hub. We expect to start processing ore there in Q3”, the company chief executive director Vitaly Nesis said. The ore reserves of the deposits according to…
DetailsThe modernization of the Svetlinsky Ferronickel Works is soon to be complete in Orenburg region. In August the company intends to start manufacturing a new product – ferronickel-containing bloom from Buruktalskoye deposits ore. The company believes that by August it will have been ready to produce the first batch. Modernization of the works started in…
DetailsVTB bank has reported that it has started cooperation with “UralSibTrade. Siberian region” and has opened a 150 million rubles line for 2 years for it. The goal of the financing is the crediting of the current operations. “We carry out work with companies interested in the development of their business. I am sure that…
DetailsThe Volgograd subsidiary of Redaelli SSM (Severstal-Metiz) has put into operation a new rope-making machine. Investments in the project totaled 300 million rubles. The machine can produce 6- and 8-therad ropes with the diameter of 28-100 mm. Such steel ropes are used in mines and on excavators. The capacity of the machine is 40 meters…
DetailsThe rail-beam shop of Evraz NTMK has started manufacturing a new product – crane rails KR-100. The first 300 tons of rails have already been shipped to the customers. KR-100 rails are made of K-76F steel. This year the shop has already started producing KR-80 rails. Evraz NTMKL also produces KR-70 and KR-120 rails according…
DetailsGlobal rating agency Moody’s Investors Service has upgraded the outlook for ratings of Polyus Gold International Limited, which holds a majority stake in Russia’s largest gold miner Polyus, to Stable from Negative, the agency said in a statement on June 14. It also affirmed a corporate family rating of the company at Ba1 and the…
DetailsIn January-May Electrostal increased continuous cast billet output by 36.42% YoY, to 167.808 thousand tons. According to the company statement, it exported 121.3 thousand tons, and supplied the rest to the local market. In May Electrostal produced 39.669 thousand tons of billets, exporting 39.648 thousand tons. In 2016 the company produced 326.187 thousand tons of…
DetailsPrices in industry in May decreased by 1.3% after an increase of 1.6% in April, 3.5% in March and 3.1% in February. According to the State Statistics Service, the main reason of the decline was the price drop of metallic ores (by 22%). In mining and quarrying the product price decrease was 9.8%, while in…
DetailsIn April ferrous scrap exports totaled 434 thousand tons, up by 26.8% MoM, but down by 36% YoY. According to the customs statistics, in January-April exports reached 1.21 million tons, down by 29.4% YoY, the lowest result for the past 7 years. The main importers were Turkey (34.3%), Belarus (30%) and South Korea (22%). (Ukrainian…
DetailsIn May, according to the Russian Railroads statistics, pig iron exports totaled 483.6 thousand tons, up by 19% MoM, but down by 9.4% YoY. In January-May exports reached 1.93 million tons, down by 16.8% YoY and by 7% from the 2015 results, but up by 23.5% from 2013 and by 3% from 2014. The main…
DetailsThe United Metal Company intends to increase 300×300 mm section pipes output at its Vyksa Iron and Steel Works by 20%. The increase is envisioned under the program of developing sales to the construction industry. The products will be used in the construction of modern buildings – skyscrapers, shopping malls, stadiums, etc. “We see great…
DetailsChelyabinsk Zinc Works, a part of UMMC, has successfully passed the second supervisory audit of the integrated management system correspondence to MS ISO 9001:2008, MS ISO 14001:2004 and OHSAS 18001:2007. Bureau Veritas Certification has evaluated the quality management, ecological management and health and labor management systems. “The audit has been passed successfully. We have received…
DetailsThe Ministry of energy and coal industry has asked the Ministry of foreign affairs to inform 8 countries about the risk of illegal coal deliveries from the temporarily occupied regions. According to the ministry letter, such information has to be transferred to the Ukrainian embassies in Turkey, the Netherlands, Spain, Moldova, Bulgaria, Belgium, Poland and…
DetailsIn May Ukrainian metal companies received 280 thousand tons of scrap, or 100% of the need. In April they received 290 thousand tons of scrap, or 95% of their need. In January-May 1.3 million tons of scrap were delivered to metal works, up by 9% YoY, and 85% of the need. In May scrap stocks…
DetailsUkrmetallurgprom forecasts steel output in July on the level of 1.7 million tons. According to the company statement, Ukraine will also produce 1.6 million tons of pig iron and 1.4 million tons of rolled metal. The current average daily output (in 12 days of June) is on the May level. As of June 13, 17…
DetailsIn May consumption of gas by metal companies increased by 15 million cubic meters MoM, to 135 million cubic meters. Average daily gas consumption in May totaled 4.4 million cubic meters. In January-May metal companies consumed 765 million cubic meters of gas, up by 4% YoY. Average daily consumption was 5.1 million cubic meters against…
DetailsArcelorMittal Kriviy Rih has spent 55 million UAH to buy 2 BelAZs with the lifting capacity of 130 tons for its mining transportation shop. The trucks will carry ore and rock from the third and the fourth quarries of the mining division. “We have received 2 BelAZs, these are modern machines. We are sure they…
DetailsIn January-May Chukotka autonomous district mined 9812 kg of ore gold and 340 kg of silver, down by 12% and by 13% YoY respectively. Alluvial gold was not produced. At present 5 companies mine for gold. Chukotka Mining Company mined 3946 kg of gold (down by 10.5%) and 49.3 tons of silver. Severnoye Zoloto mined…
DetailsThe National agency of welding control has confirmed the quality of the welded copper-plated wire of MMK-S3MoTiB grade with the diameter of 3, 4 and 5 mm according to TU 14-4-1877-2004 produced by MMK-Metiz.
The corresponding certificate has been issued.
The wire could be used in the construction of North Stream 2. (Ukrainian metal)
In May Belarus Iron and Steel Works received $109 million, stocks at the warehoused totaled 10251 tons (6.3% of the total volume) and exports reached 188.6 thousand tons valued at $92.4 million. The company shipped to 46 countries, and has resumed operation in Africa and Neat East. In May Belmet (Austria) started operating in Serbia,…
DetailsThe Pipe Metal Company held an annual meeting of the shareholders in Yekaterinburg on June 8. The shareholders have elected the board of directors and the revision commission. Ernst and Young LLC has been appointed the auditor. The meeting decided to pay dividends for 2016 in the amount of 1.96 rubles per ordinary share (2.024…
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