Fintest Trading Co. Ltd (Cyprus), owning 100% of Donetskstal, has sold some 25% of its shares to each of Metinvest BV, Atlanta Ltd., Misandyco Holdings Ltd. and Treimur Investments Ltd. and has ceased being the company shareholder. As the result of the sale of shares on the secondary market to the third parties the Fintest…Details
The board of directors of the U.K.-based mining giant Evraz, which operates mainly in Russia, has recommended paying $0.4 per share, or a total of $577.34 million, in second interim dividends for 2018, the company said in a statement on August 9. “A second interim dividend for 2018 of $577.34 million, or $0.4 per share,…Details
Russian aluminum giant UC RUSAL may start a temporary shutdown of the majority of its production capacities already in September if the U.S. sanctions remain in force, sources close to the company said commenting on Fitch Ratings’ outlook for the global aluminum industry. Fitch reported that keeping sanctions against RUSAL would lead to growth of…Details
The prices of precious metals except for palladium increased on August 9, according to the data published by the Central Bank. The price of gold increased by 1.2325 manats, to 2064.0805 manats per ounce on August 9, compared to the price on August 8. The price of silver increased by 0.0688 manats, to 26.2854 manats…Details
About 200 employees of Georezerv TK CJSC were dismissed from the factory due to lack of money, the Chairman of the Mining and Metallurgical Trade Union Eldar Tadzhibaev reported. The workers held a rally near the office of Georezerv TK CJSC, demanding to pay out wage arrears for the last 5 months. Almost all employees…Details
In January-July Kazakhstan industrial enterprises increased prices by 9.4% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, the ferroalloys saw the largest price increase – by 16.7%. Prices of ferrous metals grew by 11.2%, aluminum – by 9.2%, lead – by 4%, and copper – by 3.6%. At…Details
On August 6 the miners of the state enterprise Selidovugol were partially paid their salary debts.
According to Mikhail Volynets, the chairman of the Independent Miners Union, 30 million UAH was used to pay April and 50% of May salary.
Still, there is a debt of June and July salary. (Ukrainian metal)
Flooded mines and destroyed enterprises after the seized territories of Donbass are returned to Ukraine will not be restored. “32 mines are flooded or are being flooded. None will restore them. Never. Some enterprises have been dismantled and taken to Russia, some have been plundered for scrap. It is impossible to resume their operation”, deputy…Details
Valki-Ilmenit and Mezhdurechensky Mining and Processing Works, both parts of Group DF, in January-June increased ilmenite concentrate output by 80% YoY, to 70 thousand tons. The increase was due to Valki-Ilmenit resuming operation on June 1. For over a year the company could not get its license. Ilmenite ore output grew by 65%, to 1.28…Details
Karaganda region governor Yerlan Koshanov surveyed the Sary-ArkaCopperProcessing, the cathode copper plant, that started its work in the test mode in Shetsky district, Karaganda region, the governor’s press service reports. Constriction of the plant worth more than $14 million started in 2016. Now it is operating in the test mode. The pilot batch of its…Details
In July Krasniy Octyabr carried out large-scale repairs on the mill-1150.
The replacement of 118 bearings in roll-tables allowed decreasing the time to supply ingots, while at the same time increasing the speed of metal cutting.
The repair of the soaking pits in the furnace bay significantly reduced company gas consumption. (Ukrainian metal)
In January-July Ukraine increased imports of nickel (and wares) by 30.5% YoY, to $58.711 million. In July imports reached $11.169 million. Aluminum imports totaled $210.703 million, up by 1.5%, with $35.158 million in July, lead – $7.612 million, up 2-fold ($1.949 million), zinc and zinc wares – $51.514 million, up by 27.3% ($6.949 million). At…Details
The Department of ecology of Karaganda region has sued ArcelorMittal Temirtau for violation of the environment-protection legislation.
The unscheduled inspection of the works revealed a number of violations. In particular, the company air pollution exceeded the allowed limits.
The total damage to the environment is estimated at 1.395 billion tenge ($4 million). (Ukrainian metal)
In April-June Rusal decreased net profit by 31% QoQ, to $218 million, but increased it by 8% YoY.
In H1 net profit grew by 15% YoY, to $535 million.
Quarter revenue dropped by 18% QoQ, to $2.25 billion, but went up by 4% YoY, to $4.99 billion in H1. (Ukrainian metal)
In January-July Ukraine imported $51.894 million worth of copper and copper wares, up by 9.4% YoY.
According to the State Fiscal Service, exports grew by 38.5%, to $100.8345 million.
In July Ukraine imported $9.328 million worth of copper and copper wares, and exported – for $13.268 million. (Ukrainian metal)
Novokramatorsk Machine-Building Works has shipped machinery of the edging stand for the continuous casting mill-1700, being reconstructed in Kosice. The assembly of the stand is scheduled for the second half of August. The mill-1700 was constructed by NKMZ in 1965. Its capacity is 3.2 million tons of rolled metal per year. In 2017 NKMZ received…Details
In July ferroconcrete structures and housing constructing plants purchased 12.9 thousand tons of rolled metal.
According to the railroad statistics, deliveries fell by 30.7% YoY.
In January-July deliveries reached 105.9 thousand tons, down by 33.9% YoY. (Ukrainian metal)
In July direct deliveries of rolled metal to the major service metal centers, which produce construction metal wares, totaled 207.6 thousand tons.
According to railroad statistics, that’s 4.1% below the corresponding last year result.
In January-July railroad delivery reached 1.36 million tons, up by 5.5% YoY. (Ukrainian metal)
In July bases of the main Russian trading companies and networks received 0.92 million tons of steel products (rolled metal and pipes), including imported metal.
According to the railroad statistics, the volume dropped by 9.5% YoY.
In January-July railroad transported 6.33 million tons of steel to traders, up by 1.1% YoY. (Ukrainian metal)
Borodino Repair-Mechanical Works increases casting output volumes. The enterprise has received new machinery, which will allow increasing casting products manufacture to 1200 tons per year. The casting site is one of the BRMZ 7 shops. Its capacity is 100 tons per month. Borodino Repair-Mechanical Works is one of the major repair subdivisions of the Siberian…Details
Bystrinsky Mining and Processing Works has sent the first trial batch of gold-containing gravity concentrate weighing 8 tons to the city of Norilsk for further processing. The works is preparing the second batch of 12 tons. The first samples of gravity concentrate were obtained in Q1. BGOK was constructed by Norilsk Nickel in a hard-to-reach…Details
Seven individuals detained as a result of the tragedy in the Tkibuli Mindeli mine on April 5 have been officially charged, announces Georgia’s Ministry of Internal Affairs. “The investigation found that the detainees had violated the requirements of “technical regulations on safety of coalmines” that prohibited work in shafts where safety rules were violated. Despite…Details
Tajikistan and Azerbaijan plan to discuss increase in the volume of transit of Tajik aluminum through Azerbaijan and the supply of aluminum oxide from Azerbaijan to Tajikistan. This issue will become one of discussion topics during the visit of the President of Tajikistan Emomali Rahmon to Baku on August 10-11. Next year growth in aluminum…Details
The prices of precious metals in Azerbaijan increased on August 8, according to the data published by the Central Bank. The price of gold increased by 4.8195 manats, to 2062.848 manats per ounce on August 8 compared to the price on August 7. The price of silver increased by 0.1156 manats, to 26.2166 manats per…Details
According to railroad statistics, direct ferrous scrap deliveries to major Russian metal companies and pipe works reached 1.44 million tons, up by 14% YoY.
In January-July scrap deliveries grew by 1.1% YoY, to 7.37 million tons. (Ukrainian metal)
The commissioning of the Baim Mining and Processing Works for one of the largest copper-gold deposits in the world – Peschanka in Chukotka – is scheduled for 2022. According to the region governor Roman Kopin, the previous date was 2024-2025. “We will see the first investments in 2018, and the project will be commissioned in…Details