In January-June net losses of Rusolovo decreased by 26% YoY, to 85.205 million rubles. Revenue grew 3.5-fold, to 1.054 billion rubles. In 6 months the company produced 1003 tons of tin concentrate. This year Rusolovo intends to mine 2.2-2.6 thousand tons of tin. (Ukrainian metal)Details
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The mining shop of Svyatogor, a part of UGMK, has received a new Komatsu WA700-3 front-end loader. The machine will replace an older model that has been working for over 10 years at the Severo-zapadny quarry of the Volkovsky mine. The ladle of the loader has the volume of 9 cubic meters. The machine lifting…Details
A project to create a metal enterprise, which will produce electric welded longitudinal pipes, is being carried out in the Master industrial park in Stavropol region. The plant will be commissioned in late 2020. The pipes will be produced by Volzhsky Pipe and Section Works, one of the largest pipe manufacturers in the south of…Details
In July Russia produced 5 million tons of unalloyed steel and semi-finished products, down by 5.2% YoY, but up by 2.6% MoM. In 7 months output dropped by 0.8% YoY. Stainless steel manufacture dropped by 25.5% YoY and by 5.8% MoM, to 13.9 thousand tons. Other alloyed steel output fell by 8.5% YoY and by…Details
Kazatomprom National Atomic Company announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts. The company will now begin working with joint venture partners to assess the impact and implement the plan across all of Kazakhstan’s uranium mines, the company’s press service informs.…Details
The mining sector is one of the leading sectors in the economy of Azerbaijan. Mining of precious metals, such as gold and silver, successfully expands in its volumes. Gold mining in the country amounted to 2,061 kilograms in January-July, up by 8.7% YoY, the State Statistics Committee said in a message. In July alone 339.8…Details
The Prosecutor General’s Office of Kyrgyzstan disclosed details of issue of a license for Terek-Sai field, press service of the supervisory body reported. The Military Prosecutor’s Office handed a notice of suspicion of crime under the Article “Complicity in corruption” to the former head of the State Agency for Geology and Mineral Resources Duishenbek Zilaliev.…Details
The Capitalnaya mine of the state enterprise Mirnogradugol has not been operating for more than a week. The reason is that the Mirnogradskaya Central Processing Factory has stopped accepting rock. Capitalnaya usually mines some 1.5-2 thousand tons of coal per day. The mine accounts for the lion’s share of the enterprise revenue, thus the blocking…Details
In 2015-2018 Interpipe lost some 14% of the Ukrainian market of seamless hot-rolled pipes. The drop is due to the growth of Chinese products on the Ukrainian market, which are sold at dumping prices. “There has not been such a growth before. But in 2018 Chinese deliveries began increasing drastically resulting in such damage. As…Details
The state concern Ukrpromvneshekspertisa forecasts that prices of ferrous scrap will fall by 3.5-3.6%, to 5.3-5.5 thousand UAH per ton. Local metal companies will be cautiously decreasing the price of raw materials purchased due to the drop of rolled metal cost on world markets. But the price drop will not be considerable, as scrap procurement…Details
In January-June Russia produced 1,7 million tons of construction metal structures, down by 5% YoY. As of early Q3 average price was on the level of Q4 2018 – some 97 thousand rubles per ton. Yet, it is 11% higher compared with late 2017. (Ukrainian metal)Details
Magnitogorsk Iron and Steel Works (MMK) delivered more than 314,000 tons of steel products to the automotive industry in the first half of 2019, exceeding the previous year’s figure for the same period by 23%. The share of shipments to the automotive industry in the first six months amounted to 7.5% of MMK’s supplies to…Details
NLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project. The 90 MW Azov…Details