In October Russia produced 4.3 million tons of pig iron, down by 0.7% YoY (4.17 million tons in September). In 10 months pig iron output totaled 43.138 million tons, up by 0.4% YoY. Ukraine, no longer a part of CIS, decreased pig iron output by 0.2% YoY, to 1.785 million tons in October (1.667 million…Details
In January-September DTEK received 3.395 billion UAH of net profit, including 2.009 billion UAH of net loss in Q3. In particular, the financial results were influenced by the decrease of the hryvnia exchange rate. The loss of currency exchange rate difference totals 0.6 billion UAH. The company income was 119.812 billion UAH in 9 months,…Details
Energomashspetsstal has won a tender to supply 377 tons of rolls to Zaporizhstal. According to the company statement, the new agreement was signed following the tender held in November. Next year EMSS will produce 16 vertical and back up rolls for cold- and hot-rolling mills. The rolls will be shipped by installments according to the…Details
Russian Railways announce another decrease of tariffs for the transportation of ferrous metals and other goods. From January 1 till December 31, 2019 some Ural metal plants will get special tariff conditions. In particular, RZhD is introducing a 47% discount on inner transportation of ferrous rolled metals from the Polevskaya station to the Kamensk-Uralsky station.…Details
Russia’s coal exports to Asia may contract in the next 10 years as some states in the region may refuse the fuel, Natural Resources and Environment Minister Dmitry Kobylkin declared on November 30. “The thing of importance here is not the position of our European colleagues, because as far as I am aware, we do…Details
China’s HBIS Tangsteel plans to build a 100-billion ruble steel plant in Russia’s Far East, the regional authorities said in a statement on November 30. “The corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to acquire a metals plant in the Khabarovsk region, and to build a new metal…Details
Precious metal prices varied in Azerbaijan on November 30, according to the data published by the Central Bank. The price of gold decreased by 0.153 manats, to 2,082.568 manats per ounce on November 30 compared to the price on November 29. The price of silver dropped by 0.057 manats, to 24.3678 manats per ounce. The…Details
Industry and Trade Minister Denis Manturov met on November 29 with Russian producers of large-diameter pipes, who were dissatisfied with the procurement policy of Gazprom, sources close to the participants of the meeting reported. A source familiar with the results of the meeting said that the ministry agreed to organize a working group to discuss…Details
In October Russia produced 6.02 million tons of raw steel, up by 0.6% YoY (5.826 million tons in September). In January-October raw steel output totaled 60.294 million tons, up by 1.6% YoY. Ukraine, no longer a part of CIS, produced 1.917 million tons of steel, down by 6.7% YoY (1.787 million tons in September), and…Details
Magnitogorsk Iron and Steel Works (MMK) has successfully passed its second supervisory examination of energy management for compliance with the international standard ISO 50001, the certificate of conformity to which was first obtained in 2016. The audit was conducted by auditors of the certification body TUV Thuringen e.V. (Germany). The audit confirmed that the energy…Details
Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri declared. He said that it was expected 2018 production to be at top of the range. Vaziri said that the production was growing strongly, adding that the company commissioned a second…Details
Metalloinvest has signed an addendum to the loan agreement with ING Bank Eurasia. The bank has extended till November 2020 the terns of the loan in the volume of $200 million (or in euro equivalent). In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and…Details
The Russian government will buy up to 50,000 tons of aluminum or more from UC RUSAL if the company’s exports are hit with sanctions, Industry and Trade Minister Denis Manturov declared. Earlier the government signed a ruling to allocate up to 10 billion rubles for the Federal Agency for State Reserves to buy up to…Details
On November 26 Lvivugol received funds from the sale of coal.
All the money was spent to pay salary to miners for October.
Still, the funds were enough only to cover 10% of the salary. (Ukrainian metal)
Precious metal prices varied in Azerbaijan on November 29, according to the data published by the Central Bank. The price of gold increased by 17.6885 manats, to 2,082.721 manats per ounce on November 29 compared to the price on November 28. The price of silver grew by 0.3613 manats, to 24.4248 manats per ounce. The…Details
The company Ametistovoye has won an auction to use the Ivolga ore gold and silver deposits. The deposit is situated in Kamchatka close to the Ametistovoe Mining and Processing Works. The size of the Ivolga site is 206.38 square km. According to the auction documentation, the R2 resources are estimated at 9 tons of gold…Details
Zagorsky Pipe Works is starting a project to develop transport logistics of Moscow region. The project includes the commission of the new railroad line to connect two existing lines. The first line is from the plant o the Buzhaninovo station and the second from the Sergiev-Posad Glassware Works to the Naugolnaya station. The project will…Details
Metalloinvest has continued implementing its project to modernize Pellet Plant No. 3 (PP-3) at Mikhailovsky GOK. The first stage of modernization was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew…Details
Russian gold producer Polymetal International has consolidated 100% the Nezhdaninskoye in gold ore deposit, after buying an 82.3% stake from companies owned by businessman Ivan Kulakov, Polymetal said in a report on November 29. The purchase encompassed two deals: the acquisition of 7% for $8 million in cash under a deal announced on July 17,…Details
NLMK-Kaluga has set a new manufacturing record – 166 smeltings with one ladle. Measures to increase the number of smeltings, together with other projects to improve manufacturing efficiency, allowed the company saving over 450 million rubles in Q3. The smelting record was set in November. The time of continuous casting was 115 hours. The total…Details
Kyshtym Electrolytic Copper Plant has mastered the shipping and transportation of goods to the seaports of St. Petersburg and Novorossiysk using container train. Previously the company shipped cargo via railroad using groups of containers. The container train is faster (900 km per day instead of 500 km per day), as it heads directly to the…Details
Since the start of the year Seligdar has produced 5512 kg of gold, up by 27.7%, or by 11194 kg YoY. In July for the first time the company produced over 1000 kg of gold in one month. The increase in output is the result of investments in increasing manufacturing capacities. In July 2017 Seligdar…Details
Yakutugol is commissioning two filter-presses and three pumps at the Neryungrinskaya processing factory.
Investments exceed 37 million rubles.
Each press can process 24 tons of coal mass per hour.
The company plans to buy 5 more pumps shortly. (Ukrainian metal)