In January-March, Metinvest produced 1.941 million tons of steel, up by 6% YoY. In particular, Mariupol Ilyich Iron and Steel Works produced 154 thousand tons and Azovstal – 62 thousand tons. The increase is due to the absence of capital repairs of converters and the commissioning of the continuous casting machine. Pig iron output dropped…
DetailsPrices of precious metals decreased in Azerbaijan on May 2 compared to the prices of May 1. The price of gold dropped by 9.3585 manats, to 2,167.0155 manats per ounce. The price of silver fell by 0.3861 manats, to 24.9784 manats per ounce. The price of platinum went down by 34.6715 manats, to 1,471.7580 manats…
DetailsLeader of Green Party, Erkin Bulekbaev, was fined 3,000 soms for a rally against uranium mining. According to him, he does not agree with the decision of the Pervomaisky District Police Department and will appeal it in court. The leader of the party does not plan to pay the money, because he believes that according…
DetailsThe Norilsk Nickel board of directors has recommended the shareholders meeting to set 2018 dividends at 792.52 rubles per ordinary share (some $12.25) and the record date as June 21. The company intends to spend 125.4 billion rubles ($1.939 billion) to pay dividends. Taking into account the interim dividends for H1 2018 ($1.8 billion), the…
DetailsThe industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season. Last year the company yielded 141 kg of gold. This year the company will be operating at 5 sites. The work started on April 29. (Ukrainian metal)
DetailsLenzoloto, which owns over 40 licenses to extract alluvial gold in Irkutsk region, in 2018 received 11.82 billion rubles of sales revenue, up by 9% YoY. The net revenue reached 8.13 billion rubles, up by 9%. Last year the company sold 4594 kg of gold, up from 4532 kg in 2017. The company net profit…
DetailsMechel-Service has supplied 1.3 thousand tons of rolled metal for the construction of a bridge over the Pur River between the Urengoy hamlet and the Korotchayevo district in the Yamalo-Nenets Autonomous District. Rebars manufactured by the Chelyabinsk Iron and Steel Works constituted the major part of the batch, The length of the bridge will be…
DetailsMembers of the Parliament of Kyrgyzstan propose to introduce an indefinite moratorium on uranium mining, leader of Ata Meken faction Almambet Shykmamatov reported. According to him, Altynbek Sulaimanov, head of Bir Bol faction, and Kanat Kerezbekov, Chairman of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament, signed the…
DetailsIn January-March, Severouralsk Bauxite Mine, a part of Rusal, decreased output by 15.3% QoQ, to 529 thousand tons of bauxites. In Q4 2018 the output was 625 thousand tons, and in Q1 2018 – 555 thousand tons. Another Rusal asset – Uralskaya Folga – increased manufacture by 31% QoQ, to 5.5 thousand tons of aluminum…
DetailsKorshunovsky Mining and Processing Works has finished work of draining the Korshunovsky iron ore quarry. In a year some 14 million cubic meters of water have been drained. Every year during the flood a lot of ground water hinders extracting operation. In order to solve the problem, the water-removing system has been modernized. In particular,…
DetailsIn 2018 VSMPO-Avisma net profit grew by 11.3%, to $244.5 million. EBITDA increased by 10.9%, to $650.2 million, and revenue – by 7.3%, to $1.617 billion. Sales revenue dropped by 3.1%, to $926.5 million. The corporation fixed liabilities increased by 2.5%, and as of December 31, 2018 totaled $1.719 billion, while current liabilities grew by…
DetailsIn January-March, Norilsk Nickel produced 56 thousand tons of nickel, up by 3.4% YoY. The manufacture of nickel of the company own raw materials grew by 2.8%, to 55 thousand tons. Copper output increased by 13%, to 127 thousand tons. Palladium manufacture totaled 770 thousand ounces, up by 32%, and platinum – 204 thousand ounces,…
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