Debt-ridden metals giant Mechel has suggested its creditor banks reschedule repayment of a 347.5-billion ruble body of the debt for two years to 2024-2026, Deputy Chairman of one of the key creditors, Sberbank, said on July 24. “Mechel sent an updated financial model to the banks in June and asked to reschedule core debt repayment…Details
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Russian precious metals producer Polymetal International increased gold production by 35%, to 602 000 ounces, while silver output fell by 14%, to 11 million ounces in January-June, it said in a statement. “We expect our production volumes to be significantly higher in the second half of the year because of a seasonal fall of concentrate…Details
Board of Directors of Canadian gold mining company Centerra Gold Inc., the main shareholder of which is Kyrgyzaltyn OJSC, have approved of the decision to allocate $6 million for geological exploration at Kumtor mine. Additional investments in the amount of almost half a billion soms give a positive signal to the Kyrgyz economy that continued…Details
In May Russia exported 10.3 thousand tons of flat rolled aluminum, down by 10% MoM and by 6% YoY. In 5 months exports totaled 49.5 thousand tons, down by 0.6% YoY. In May deliveries to Germany dropped by 23%, to 30%. Finland accounts for 9.8% of the entire volume and US – 9.6%. In monetary…Details
In January-June Russia produced 25.6 million tons of pig iron, down by 1.4% YoY. Rolled metal output grew by 0.2%, to 30.8 million tons. Pipes, sections and fittings manufacture dropped by 1.2%, to 6.1 million tons. In June Russia decreased pig iron output by 3.1% YoY, but increased that of rolled metal and pipes –…Details
In May Russia imported 82.4 thousand tons of manganese ore and concentrate, down by 22.3% MoM and by 9.7% YoY. In 5 months imports dropped by 19.2%, to 389.8 thousand tons. Deliveries from the South Africa and Kazakhstan decreased by 25% and 28% respectively, to 51 and 13 thousand tons. In monetary terms since the…Details
In May Russia exported 2.5 thousand tons of titanium, up by 8% MoM and by 4.8% YoY. In 5 months exports totaled 11.5 thousand tons, up by 2.3% YoY. USA and Germany increased titanium imports from Russia by 18.5% and by 31% respectively. Deliveries to US accounted for 27.4% of the total exports, and to…Details
In May Russia imported 3.5 thousand tons of raw zinc, down by 22.6% MoM, but up by 370.1% YoY. Kazakhstan and Uzbekistan decreased deliveries by 27%, while Peru increased almost 2-fold. In 5 months imports grew by 295%, to 22.4 thousand tons. In monetary terms since the start of the year imports have increased by…Details
In May Russia exported 12.5 thousand tons of nickel matte to Finland, up by 26.2% MoM, but down by 25.1% YoY. In 5 months exports totaled 48.4 thousand tons, down by 36.5% YoY. In monetary terms exports since the start of the year have increased by 28.8%. Export prices in May dropped by 3%, to…Details
In May Russia imported 3.6 thousand tons of copper scrap and waste, down by 13.4% MoM, but up by 17.9% YoY. In 5 months imports totaled 15.5 thousand tons, up by 45.1% YoY. The main suppliers were Germany (958 tons, up by 40% MoM) and Kyrgyzstan (664 tons, down 2-fold). In monetary terms since the…Details
In May Russia exported 357.2 tons of long rolled copper products, down by 22% MoM, but up by 0.5% YoY. In 5 months exports totaled 2.1 thousand tons, up by 2.9% YoY. The main importer was Belarus, accounting for 40%, followed by Germany (16.6%). In monetary terms exports since the start of the year have…Details
In January-June Cable Alliance Holding plants increased copper processing by 15% YoY, to 22.5 thousand tons. Electrocable processed the most – over 10.1 thousand tons, up by 23%. Aluminum processing totaled 818 tons. Sibcable increased copper processing by 14%, to 8.5 thousand tons, and processed 980 tons of aluminum. Uralcable in 6 months processed some…Details
Severstal Steel Decisions has finished designing and producing a full-scale building of a shop for a woodworking enterprise in Kondopoga, Republic of Karelia. The project has been made to order. The size of the building is 1194 square meters. (Ukrainian metal)Details