According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…Details
In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles.
Revenue exceeded 78.73 billion rubles, up by 37% YoY.
Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)
Neryungry-Metallik LLC, a part of Nordgold, in 2017 extracted 2.084 tons of gold (67 thousand ounces). Ore mining exceeded 5 million tons, while processing, taking into account stocks, – 6 million tons. Since last year the company has been mining ore at three deposits in Yakutia – Tabornoye (since 2002), Temnoye and Gross. In August…Details
Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons.
According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)
Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company.
The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters.
Investments in the project totaled 230 million rubles. (Ukrainian metal)
Andrey Chernomaz, director of the Abayskaya mine, has been appointed the director of the ArcelorMittal Temirtau coal department. He started working in his new office on April 2. Chernomaz’s tasks will be to reach output targets and improve the coal and coal concentrate quality, as well as increase the efficiency of labor safety, etc. Parshant…Details
The Basmanniy Court of Moscow has prolonged for 3 months the arrest of the Industrial Union of Donbass CEO Oleg Mkrtchan accused of embezzlement.
Mkrtchan will be under arrest until July 5.
The case against him is connected with embezzlement of funds given to ISD by Russian banks several years ago. (Ukrainian metal)
The Ministry of Energy and Coal Industry has increased the price of coal, mined by state enterprises, by 4.54%, or by 110 UAH, to 2535 UAH per ton (without VAT and transportation expenses) from April 2. The energy minister Igor Nasalik noted that coal witnessed the price increase from December 2017 through March 2018, and…Details
A decree No. 8226 has been registered in the Verkhovnaya Rada. According to one of the authors of the document, the chairman of the Parliament Committee on industrial policy Victor Galasyuk, the decree suggests prolonging the so-called metal law and increasing the export duty on scrap to 42 euro per ton. “This is equal to…Details
In 2017 Asha Iron and Steel Works received 387.3 million rubles of net loss as calculated under Russian Accounting Standards, as opposed to the net profit of 98.51 million rubles in 2016. In Q4 2017 AMZ received 759 million rubles of losses, as opposed to 19 million rubles of net profit in Q3. Revenue in…Details
Chelyabinsk Zinc Works plans to finish 2018 without losses, CEO Pavel Izbrekht declared on April 4. “Concerning profit of the plant in 2018, it is too early to say, everything depends on prices on the London Metal Exchange, but we plan to work without losses,” Izbrekht said. The plant’s net profit in 2017 amounted to…Details
The state enterprise Mirnogradugol has concluded an agreement with the Mirnogradskaya Central Processing Factory for the services of coal processing valued at 116.12 million UAH. The auction has been cancelled two times, as there has been only one participant. By April 2019 the company will have processed 800800 tons of coal at 145 UAH per…Details
The government of Mexico has announced the implementation of the antidumping duties on the import of carbon steel pipes from Ukraine, South Korea, Spain and India.
The investigation was carried out at the request of a local company and covered the trade operations from April 2013 through March 2016. (Ukrainian metal)
In 2017 Electrozinc received 197.7 million rubles of profits, down by 38% YoY. At the same time, in 2015 the company saw losses of 9 million rubles, and in 2014 – 895 million rubles. Last year the company revenue dropped by 7% YoY, to 4.91 billion rubles. Sales profits totaled 739 million rubles, down by…Details
In 2017 Ufaleinickel received 3.02 billion rubles of losses, down 3-fold YoY. In 2016 and 2015 the company losses totaled 11 billion and 2.3 billion rubles respectively. Ufaleinickel saw profit only in 2014 – 186 million rubles. Revenue in 2017 totaled 785 million rubles as opposed to 6.3 billion rubles in 2016. Sales losses last…Details
Lermontovsky Mining and Processing Works intends to resume operation on April 25, when the new machinery has been tested. Since the start of the year, the company has already shipped 51 tons of tungsten. Last year Lermontovsky GOK received a subsidy from the state (250 million rubles) to resume activities. The company purchased new machinery,…Details
In 10 years Sredneuralsky Copper Works has processed over a quarter (26%) of metal slag, accumulated during 78 years of operation. According to the SUMZ chief environment engineer Marina Sycheva, each year the processing factory produces over 60 thousand tons of copper concentrate, which the works uses in its manufacture. Another product of slag processing…Details
In 2017 Russian Copper Company enterprises paid over 3 billion rubles to the budget of the Chelyabinsk region, up by 50% YoY. Budgets of all levels received 5.6 billion rubles, up by 40% YoY. In 5 years the tax payments of RCC companies to the Chelyabinsk region budget increased 4-fold. Last year the enterprises invested…Details
The supervisory boards of Azovstal, Mariupol Ilyich Iron and Steel Works, Zaporozhogneupor and Zaporozhkoks, all parts of Metinvest, have extended the offices of their CEO – Enver Tskitishvili, Taras Shevchenko, Sergey Gorman and Vitaly Litovka respectively – for one more year. The decisions were taken on April 2. The offices have been prolonged from April…Details
The supervisory board of Dneprovsky By-Product Coke Plant has fired Pavel Rafalskiy from the office of the general manager of the company, appointing Yevgeniy Didus, the CEO of the Inkor and Co, a part of Metinvest, instead. The decision was taken on April 2. The office of Rafalskiy expired on April 2, while Didus was…Details
The Eurasian Economic Commission has extended the antidumping duty on cold-deformed seamless stainless pipes supplied to the territory of the Union from China and Malaysia.
The duty has been prolonged for the duration of another investigation – through January 18, 2019.
The volume of the duty is 19.15% of the customs cost. (Ukrainian metal)
The prices of the main precious metals vary in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 15,079 manats, to 2275,416 manats per troy ounce compared to the price on April 2. The cost of silver increased by 0.2318 manats, to 28.1628 manats per ounce. The cost…Details
Rosterminalugol JSC, the largest dedicated coal port in the European part of Russia, handled 5.02 million tons of coal in January-March, up by 2.4% YoY. Amid challenging ice conditions the terminal handled 71 vessels with average daily handling totaling 70,700 tons (up by 13.7%). In the first quarter of the year, coal unloading at the…Details
Export of Russian coal in January-March increased by 6.8% YoY, to 44.42 million tons, the Ministry of Energy said.
In March coal exports from Russia totaled 15.638 million tons. (PortNews/Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works is commissioning the second stage of the rolling complex. The commissioning is carried out according to the schedule. The project will provide the manufacture of qualitatively new semi-finished products and increase the share of Russian wares of aluminum-lithium alloys in the total volume of supplies both to major local and…Details
The working group of the Zaporozhye region state administration has carried out checks of the local companies dealing with metal processing, as well as their collection centers and manufacturing sites. 13 enterprises were checked. Of them only one – Razvitiye-SV – corresponded to all the legislation norms. The Khormet company will be checked again. At…Details