Irshansk Mining and Processing Works has concluded an agreement with Allied Mineral Laboratories Pty Ltd (Australia) for the research valued at $128 thousand, or UAH 3.61 million. This year the company will probe and analyze the titanium ore samples from Bukinsky site of the Mezhirichnoye deposits, as well as develop a technique for the ore…Details
Sergey Rozhok has been appointed the financial director of Zaporizhstal. Previously he has worked for PWC and Syngenta. According to the company statement, his task is to improve operational efficiency of the enterprise, strengthen the company positions on the market and continue implementing the program of environmental modernization. Natalia Mikhayskaya, who has been acting financial…Details
The employees tax police of the State Fiscal Service have seized 1.8 thousand tons of illegally mined coal valued at over 5 million UAH.
The coal has been seized and arrested under the criminal case on the illegal mining on the territory of Lugansk region.
The investigation is underway. (Ukrainian metal)
In January-September Zaporizhstal produced 3.102 million tons of steel, up by 5.8% YoY. According to the company statement, pig iron manufacture grew by 21.1%, to 3.318 million tons, while that of rolled metal – by 9.8%, to 2.709 million tons. In September Zaporizhstal produced 385.2 thousand tons of pig iron, 352.4 thousand tons of steel…Details
Rostech has concluded an agreement to leave the project of the Udokan copper deposits development in Zabaikalye district. The state corporation had the option to sell 25% in the project by 2019. Back in June the corporation chairman Sergey Chemezov stressed that it might leave Udokan. Now Rostech explains the decision with the “optimization of…Details
European Commission has started an antidumping investigation of the imports of hollow sections, welded pipes and pipe products from Russia, as well as Macedonia and Turkey. Linear pipes used in oil and gas pipelines as well as casing pipes are not subject to investigation. The investigation will cover the time frame from July 1, 2017…Details
Russian aluminum giant UC RUSAL has nothing to do with the government’s initiative to expand the sales of beer in aluminum cans and called the suggestion absurd, the company said in a statement on October 1. Earlier Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift the 2013…Details
The Industry and Trade Ministry suggests lifting a ban on the sales of canned beer through stands and kiosks and cancel a prohibition on the sales of beer at night to help the sanction-hit business of tycoon Oleg Deripaska, according to a bill written by the ministry. An explanatory note to the bill says that…Details
Prices of gold, silver and platinum increased, while the palladium prices decreased in Azerbaijan on October 1, according to the data published by the Central Bank. The price of gold went up by 8.0325 manats, to 2,020.093 manats per ounce on October 1, compared to the price on September 28. The price of silver grew…Details
Geophysical work has been completed on an area of 10 square kilometers in the northern part of the Azerbaijan’s Chovdar gold deposit, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov declared. “Next year geophysical work will be carried out on an area of 11-12 square kilometers on the slopes of Mount Kapaz.…Details
Companies of businessman Vladimir Lisin including steelmaker Novolipetsk Steel (NLMK), shipping operator UCL Holding and its part Freight One are ready to invest 28.6 billion rubles in development of own transport infrastructure. NLMK is the national railroad operator Russia Railways’ fourth largest client in volume terms and fifth largest in monetary terms. In 2017 it…Details
In August Russia produced 6.17 million tons of steel (as in July), down by 0.1% YoY. In 8 months steel output reached 48.264 million tons, up by 1.9% YoY. Ukraine, which has already left CIS, decreased steel production in August by 3.7% YoY, to 1.786 million tons (1.815 million tons in July). At the same…Details
The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported. Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field. “Since early 2018, 33,000 ounces of gold have been…Details
Chairman of Severstal Alexei Mordashov and the governor of the Belgorod region Yevgeniy Savchenko have discussed issues of the development of Yakovlevo Mining and Processing Works. Mordashov presented the development program for 2018-2023, which presupposed the increase of ore output more than 5-fold, from 878 thousand tons to 5 million tons. This year the output…Details
The State Service of Geology and Subsoil of Ukraine has put on sale on February 12, 2019 a number of licenses to develop subsoil. In particular, one of the auctioned lots will be a special license for the Prutovskoye sulfide copper-nickel ore deposits in Zhitomir region. The starting price will be 9.737 million UAH. (Ukrainian…Details
The state enterprise Ukrpromvneshekspertisa forecasts that in October the deliveries of ferrous scrap to metal companies will increase by 5.66% MoM, or by 15 thousand tons, to 280 thousand tons. In August deliveries dropped by 11% MoM, or by 30 thousand tons, to 240 thousand tons. In October deliveries will increase due to the growth…Details
The price of one ounce of gold decreased by 23.0435 manats or by 1.13% last week in Azerbaijan. The average price of one ounce of gold stood at 2,033.1864 manats. The price of one ounce of silver increased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum dropped…Details
The state enterprise Ukrpromvneshekspertisa believes in October average ferrous scrap prices will grow by 3-5.8% MoM, to 6.9-7.3 thousand UAH per ton. In August the actual average scrap price was 6.6-7.1 thousand UAH per ton. In September the price was expected to total 6.7-6.9 thousand UAH per ton, and in November it is expected at…Details
At the Extraordinary General Shareholders’ Meeting (EGM) held on September 28 NLMK shareholders approved the payment of Q2 dividends of 5.24 rubles per share.
The date upon which the shareholders entitled to Q2 dividends would be determined was set as October 12.
H1 dividends will amount to 10.97 rubles per share. (NLMK/Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih has completed almost all capital repairs of aspiration systems and GCPs planned for 2018. Vladislav Bashinskiy, Director of Central Repair and Maintenance Department (CRMD), described the most large-scale repairs. – First of all, please, tell us how the plant determines, which environmental facilities require repair? – For this purpose a system…Details
Armenia, jointly with international companies, continues illegal development of gold deposits in the occupied Kalbajar district of Azerbaijan, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov announced. “We want the issue of illegal development of deposits in Kalbajar to find its solution on a legal basis within the framework of international norms.…Details
PJSC ArcelorMittal Kriviy Rih has put into operation 450 new open wagons, which have been purchased in the frames of financial leasing contract. Earlier this year the plant has received 50 new wagons. Hence, this year the company has commissioned 500 wagons to transport its products and deliver raw materials. As a result, own fleet…Details
DTEK Holdings Limited announced its decision to squeeze-out shares of DTEK Pavlogradugol as having the dominating share of stake. DTEK companies own 99.92324858% of DTEK Pavlogradugol, or 5.58 billion shares. Minority shareholders have 4.28 million shares. DTEK Pavlogradugol is the largest coal-processing enterprise in Ukraine. Last year it set a record of coal output at…Details
In August Russia transported 10.2 million tons of iron ore, up by 7.4% YoY. This has been the highest level in the past 15 years. Since the start of the year railroads have transported 77.3 million tons of ore, up by 5.4% YoY. Local transportation in August grew by 11%. Exports dropped by 15% YoY,…Details
The Central Research Institute of Ferrous Metallurgy named after Bardin has developed a unique corrosion-resistant austenitic steel grade and the technique to produce 33-meter seamless pipes of it.
At present this technology has no analogues in the world.
Metal companies – Electrostal, Ruspolymet, Volzshky and Sinarsky Pipe Works – participated in the development. (Ukrainian metal)
The Belarus Iron and Steel Works has mastered the production of ten new grades of alloyed steel and carbon steel for the automobile engineering industry, the company’s Press Secretary Alexander Olesik declared. According to the source, BMZ’s engineering division always works to expand the choice of products for the automobile industry. “This year alone we’ve…Details