Rusal, affected by US sanctions in early April, has suggested the state to start purchasing aluminum into reserves, having returned to the idea it voiced several years ago on the background of weak market situation. “The government is thinking it over”, a source in the government reported. And this is not the only way to…Details
This year OGK Logistic LLC intends to increase monthly transportation of coal 2-fold, to 240 thousand tons. Since January the company has been transporting coal from Solntsevsky Coal Pit in Sakhalin region on behalf of the Vostochnaya Mining and Ore Company LLC. The increase in transportation has to do with the growth of coal output…Details
Murmansk region will support the Norilsk Nickel investment project to reconfigure the manufacture at the Kola Iron and Steel Company valued at 25.7 billion rubles. According to the contract, signed by the parties, the project will cover 5 years (2018-2023) and all the Nornickel manufacturing sites in Murmansk region: Zapolyarniy, Nickel and Monchegorsk. As the…Details
By 2020 it is expected to modernize all the metal-producing capacities at the Kirovsky Works and create an up-to-date highly technological enterprise to manufacture small batches of special steels and alloys for the defense, car, oil, power and engine machine-building, and space industries. The newly created subsidiary – the Laboratory of special steels and alloys…Details
In April Ukraine was able to reach the 13th place in the World Steel Association rating. China traditionally tops the rating with 76.698 million tons of steel produced in April, up by 4.8%. Ukraine increased steel output by 6% YoY, to 1.721 million tons. World steel manufacture in April grew by 4.1%, to 148.322 million…Details
Tajikistan plans to annually increase gold production by 6%. The authorities intend to put new capacities into operation in order to achieve this result. “An annual increase in gold production at 6% due to the commissioning of new industrial capacities and enterprises is envisaged for the period until 2030,” said the Strategy for the Development…Details
The project of a gold processing plant in Toguz-Toro district will be drawn up after consultation with the public and carrying out explanatory work with the local residents. This was announced during a meeting of representatives of GL Makmal Developing with the head of the State Agency for Environment Protection and Forestry, Abdykalyk Rustamov. According…Details
Volnogorsk Mining and Processing Works has ordered 62.49 million UAH worth of goods and services at the private e-site Rialto. Imex Minerals LLC has received the most orders for spare parts and CAT machines repairs, valued at 41.08 million UAH. Other companies got smaller orders. In particular, Electrontechservice LLC will supply 11.14 million UAH worth…Details
The Ministry of energy and coal industry reports that the state enterprise National Coal Company will begin full-scale operation in 2-3 months. According to the deputy minister Anatoly Korzun, the enterprise will optimize the structure of the coal industry management and considerably improve financial conditions of mines. The company will unite 19 state enterprises containing…Details
The board of directors of Norilsk Nickel has set the date for the annual shareholder meeting – June 28. The board has recommended to set dividends for 2017 on the level of 607.98 rubles per ordinary share ($9.8). The total volume to be spent on paying dividends is 96.2 billion rubles ($1.562 billion). Taking into…Details
Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery.
The status has to be confirmed by LBMA members every three years.
Uralelectromed has been a member of LBMA since 2006.
For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)
Evraz ZSMK has signed an agreement with Air Liquide to construct a new oxygen complex to supply air separation products for the technological needs of the company. The project will provide the works with the state-of-the-art machinery, 30% more energy efficient than the old one. In three years 2 blocks of air separation with the…Details
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…Details
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…Details
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the company’s board of directors to protect holders’ interests due to the U.S. sanctions, the company said on May 25 in a statement on the Hong Kong Stock Exchange. Earlier in May Deripaska left the board of directors of En+ Group, which…Details
First Deputy CEO and CCO of Port Management Company LLC Irina Olkhovskaya and General Director of Management Company of First Heavy Haul Company Vladimir Sosipatorov have signed a Memorandum of Cooperation to develop the innovative technology for heavy haul freight application on railway network: heavy haul 27-ton axle load railcars. The agreement was signed on…Details
The prices of main precious metals varied in Azerbaijan on May 24, according to the data published by the Central Bank. The cost of gold increased by 4.8535 manats, to 2201.9335 manats per troy ounce compared to the price on May 23. The cost of silver decreased by 0.1883 manats, to 27.9596 manats per ounce.…Details
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…Details
In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY.
In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively.
In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)
In January-April Tajikistan mined some 268 thousand tons of coal. According to the Ministry of industry and new technologies, preliminary needs of industrial enterprises in coal in 2018 amount to 920 thousand tons, of budget organizations – 57.2 thousand tons, heat and thermal power plant Dushanbe-2 and boiler houses – 1.245 million tons. So far…Details
TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…Details
Sinarsky Pipe Works has for the first time produced pipes with the Q135 and Q125 strength and additional requirements to cold-resistance. In full accordance with the customer’s requirements the company has produced pipes, which can be used at the temperature of -60 degrees C. The pipes will be used in oil and gas condensate deposits…Details
Even though aluminum consumption per capita is lower in Russia, than in EU, in 2017 Russia claimed the first place in aluminum consumption growth (by 10%) as a whole and primary aluminum (by 11%) in particular. The main drivers of consumption growth are construction, car manufacture, and machine-building. Combined they will soon account for 80%…Details
During the St. Petersburg International Economic Forum, ChtPZ Group and SAP CIS have concluded a memorandum of cooperation in digital transformation. According to the document, in 2018-2025 ChTPZ plans to unify and increase efficiency of its business processes with the help of a unified system on the basis of SAP S/4HANA. “Digital transformation is a…Details
In January-March Mechel produced 1.055 million tons of steel, down by 6% YoY. Pig iron output also dropped by 6%. “We’ve focused on the manufacture of sections and mastering new sizes of beams. Because of the stable demand for these products, we have increased their output by 17%. We now produce some 20 types of…Details
In June Ukraine intends to produce 1.8 million tons of steel. According to Ukrmetallurgprom, pig iron output will total 1.8 million tons, and rolled metal – 1.6 million tons. For May Ukrmetallurgprom forecast the same output figures. In April Ukraine produced 1.65 million tons of pig iron, down by 2% MoM, 1.72 million tons of…Details