In 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…Details
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Korshunovsky 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,…Details
In 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…Details
In 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,…Details
In March, Sibcable processed 1516 tons of copper, which became its historical record. On average the plant processes 1.1-1.2 thousand tons of copper per month. In March 2018 the result was 1423 tons. (Ukrainian metal)Details
Prices of gold, silver and platinum decreased in Azerbaijan on May 1 compared to the prices of April 30, the Central Bank reported. The price of gold dropped by 5.6015 manats, to 2,176.374 manats per ounce. The price of silver went down by 0.0743 manats, to 25.3645 manats per ounce. The price of platinum fell…Details
There are 12 valid licenses for uranium prospecting and exploration in Kyrgyzstan, website of the State Committee for Industry, Energy and Subsoil Use says. Table of valid licenses says that in total in the country has issued 20 such licenses. However, only 12 are valid. Mineral Explorer holds two licenses for uranium exploration in Panfilov…Details
Gold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…Details
IRC Ltd, an iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 9.2% YoY, to 522,875 tons in January-March, but decreased by 6.3% QoQ, the company said. Sales of iron ore concentrate increased by 7.4%, to 527,365 tons. The company sold its products to clients…Details
The board of directors of the Russian integrated steel producer Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.488 rubles per share in dividends for January-March, in line with the managers’ proposals, the company said in a statement. The total sum will amount to $260 million, or 100% of the company’s free cash flow.…Details
Investor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…Details
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…Details
In January-March, steel output in the world totaled 444.12 million tons, up by 4.48% YoY. According to Worldsteel, China remained the leader with 231.07 million tons of steel produced, up by 9.92%. China’s share totals 52.02%. Ukraine remained on the 13th position with 5.51 million tons of steel produced, up by 4.6%. (Ukrainian metal)Details