PJSC Magnitogorsk Iron and Steel Works will hold a Capital Markets Day in London on November 15. At the CMD, Chairman Viktor Rashnikov, INED Morgan Ralph Tavakolian and the executive management team will discuss MMK’s progress against the Company’s strategy to 2025. The presenting team will include: Viktor Rashnikov, Chairman of the Board of Directors,…Details
The net profit of the Russian coal producer Raspadskaya, a part of the metals and mining group Evraz, fell by 6.2% YoY, to $211 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on August 28. Revenue went up by 5.8%, to $546 million in the period,…Details
Government of Kyrgyzstan has increased money receipts under a strategic agreement with Centerra Gold to $150 million, the Information Support Department of the Cabinet’s Office reported. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the mechanisms of work of the Nature Development Fund and the Social Partnership for Regional Development Fund, created as…Details
In June Russia exported 259.5 thousand tons of raw aluminum, up by 4.8% MoM, and by 28.6% YoY. Deliveries to Turkey grew by 40%, but to Japan and US dropped by 23% and by 13% respectively. In H1 Russia exported 1.6 million tons of aluminum, up by 21.6% YoY. In monetary terms since the start…Details
In June Russia exported 33.6 thousand tons of refined copper, down by 8.9% MoM, but up by 1.2% YoY. Deliveries to Germany and China decreased the most MoM – by 79% and by 54% respectively. In H1 Russia exported 340 thousand tons of copper, up by 5.8% YoY. In monetary terms since the start of…Details
In June Russia imported 35 thousand tons of copper ore and concentrate, up by 73.6% MoM and by 22.6% YoY. In H1 imports totaled 208 thousand tons, down by 31.1% YoY. In June Peru supplied 23.6 thousand tons of copper ore, while imports from Kazakhstan remained unchanged at 11 thousand tons. In monetary terms since…Details
In June Russia exported 12.7 thousand tons of zinc ore and concentrate, down by 41.1% MoM and by 67.8% YoY. In particular, China bought 4.6 thousand tons, down by 69% MoM. Sales to Korea dropped by 33%, to 3 thousand tons. Kazakhstan imported 5.1 thousand tons of zinc ore, up 2.5-fold YoY. In H1 zinc…Details
In June Russia imported 3 thousand tons of aluminum scrap and waste, up by 24.2% MoM, but down by 22.3% YoY. Imports from Kazakhstan remained at 1.6 thousand tons, but from USA grew 3.5-fold, to 1 thousand tons. In H1 Russia imported 14.4 thousand tons of aluminum scrap, down by 27.7% YoY. In monetary terms…Details
In June Russia exported 41.6 thousand tons of lead ore and concentrate, up by 108.2% MoM and by 176.6% YoY. Exports to China grew 2-fold, to 98%. In H1 Russia exported 191 thousand tons of lead ore, up by 28.2% YoY. In monetary terms exports have grown by 11.2%. Export prices have been falling for…Details
Lebedinsky Mining and Processing Works, a part of Metalloinvest, has produced the 40-millionth ton of hot-briquetted iron.
It took the plant 20 years to reach the milestone.
Metalloinvest occupies over 50% of the global HBI market. In 2018 it sold 4.5 million tons of the product. (Ukrainian metal)
In July Korshunovsky Mining and Processing Works increased iron ore concentrate output by 15% MoM, to 228 thousand tons.
The products were shipped to Chelyabinsk Iron and Steel Works.
Ore output grew by 58%. (Ukrainian metal)
Revda Non-Ferrous Metals Processing Works is carrying out a project to assemble a new horizontal hydraulic press. The machinery was produced by SMS Group, Germany. The press will produce rods and pipes of copper alloys as well as pressed copper tyres with the width of up to 220 mm. The new press will provide the…Details
The VSMPO-Avisma board of directors recommends paying dividends for January-June in the amount of 884.6 rubles per ordinary share. The register to receive dividends will be closed on October 11. The total amount to be spent on dividends will be 10.199 billion rubles. For H1 2018 the corporation paid 756 rubles per share (8.7 billion…Details
This year Russian Copper Company will invest some $760 million in mining in Russia and Kazakhstan. According to the group mining director Alexei Gordeyev, the growth of investments compared to 2018 will be 13%, not counting the purchase of Malomyzh deposit in Khabarovsk region. Other main projects this year include construction of Tominsky mining and…Details
Izhorsky Pipe-Rolling Plant LLC and Siberian Industrial Holding Trading House LLC have supplied pipe products for a joint project of RN-Exploration LLC and Union CubaPetroleo (CUPET) on Cuba. According to the order ITPZ produced compressor-pump pipes with the diameter of 89 mm to be used for capital repairs of shafts at the oil deposit. And…Details
In January-July industrial metallic ores output grew by 2.2%, while metal and wares – by 1%. According to the State Statistics Service, in July ores output went up by 0.4% MoM, while metal – by 9.5%. In particular, in 7 months Ukraine produced 93.9 million tons of non-sintered iron ore, down by 1.3%, 37 million…Details
Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…Details
Ukrainian Railways have ordered Interpipe Ukraine LLC the delivery of tyres valued at 149.8 million UAH. This year the company will supply 5713 pieces of tyres of carbon steel produced by Interpipe NTZ not earlier than March 2018. The price of the agreement was 0.001% below the expected cost of the purchase. The only competitor…Details
With gold prices up at near six-year highs, markets remain nervous on Wednesday August 28 about just how much damage the United States-China trade war is doing and whether it will be reversible before it leads to a global recession. Most base metals prices have fallen to low levels and are failing to get any…Details
World crude steel production for the 64 countries reporting to the World Steel Association was 156.7 million tonnes in July 2019, a 1.7% increase compared to July 2018. China’s crude steel production for July 2019 was 85.2 million tonnes, an increase of 5.0% compared to July 2018. India produced 9.2 million tonnes of crude steel…Details
The Edge Markets reported that dragged by lower selling prices, Southern Steel Bhd reported a net loss of RM34.85 million for the fourth quarter ended June 30, 2019, as compared with a net profit of RM35.21 million a year ago. This is the third consecutive quarterly net loss, resulting in a full year loss of…Details
Aluminium premiums were mostly stable globally during the week ended Tuesday August 27, with participants shifting their focus to longer-term contract negotiations. But the recovery recently seen for Rotterdam material was spreading throughout Europe. Rotterdam uptrend pushing European premiums up Main Japanese port (MJP) premium flat; focus goes to quarterly contracts Premium in United States’…Details
Bloomberg reported that world’s largest vanadium producer outside China Evraz Plc said steelmakers are boosting their use of vanadium again after it slumped as much as 75% this year. Alexander Erenburg, VP of Evraz, said “The current vanadium price of USD 30 to USD 40 per kilogram makes it optimal for steel alloying both in…Details