Holders of $500 million worth Eurobonds of the Russian oil and gas pipe producer TMK have agreed to change conditions of a 2020 issue sold at 6.75%, the company said in a statement on November 16. In late October, the company offered several changes to the conditions, including a release of TMK’s U.S. subsidiary IPSCO…Details
In October Evraz ZSMK delivered 566 thousand tons of products via railroad to local customers and abroad, up by 6.8% MoM and by 5.2% YoY. In September the results were up by 23% and by 7% respectively, while in August – up by 6.5%, but down by 7.5%. In October Evraz ZSMK supplied 170.3 thousand…Details
In Q3 MMK-Metiz received 392.7 million rubles of net profit, down by 12% QoQ. In Q3 2016 the net profit was 160 million rubles. In January-September the company received 1.089 billion rubles of net profit. In the corresponding period of 2016 the net profit was only 270 million rubles. In Q3 revenue grew by 6%…Details
In Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…Details
In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY.
According to the State Statistics Committee, in October gold output totaled 672.9 kg.
In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)
AzerGold has signed an agreement with Enterprise Solutions Consulting Group LLC for the creation of the Enterprise Resource Planning (ERP) system. The cost of the contract is 180.76 million mantas. AzerGold was created on February 11, 2015. It is developing Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden iron- and gold-bearing sites as well as the Kyuryakchay basin.…Details
The environment prosecutors filed a suit to recover 47 million rubles from Irkutsk Aluminum Works for the damage done to the environment when using the industrial and household waste landfill. According to the prosecutors the company has violated the rules to manage wastes, resulting in the damage to the environment. Thus, the soil and trees…Details
In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles.
Revenues decreased by 775 million rubles, to 55.1 billion rubles.
Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)
The assembly of a huge ball mill has started in the rotary shop of Chelyabinsk Zinc Works. The 70-ton machine is used for dry milling of zinc-containing calcined rotary oxide and turning it into a homogeneous product. According to the company CEO Pavel Izbrecht, in 2018 ChTZ will spend some 400 million rubles on environment…Details
Karabashmed will assemble 4 new bucket cranes with the lifting capacity of 16 tons in its metallurgical shop. The new lifting machinery will decrease copper concentrate unloading time, increase the volumes of received concentrate and create conditions to improve output. The assembly of the cranes is scheduled for late December. As the result of the…Details
Kyshtym Electrolytic Copper Plant has finished the assembly of two additional rows of electrolysis baths within the program to increase copper cathode capacities.
Each row includes 40 ferroconcrete baths.
The project will increase cathode output by 16.7%, to 140 thousand tons per year.
Investments in the modernization are estimated at 420 million rubles. (Ukrainian metal)
Cherepovets Iron and Steel Works has completed the first stage of the coking battery No. 4 reconstruction – the foundation of the first plate. The total cost of the project is some 6 billion rubles. “This is a unique event for our city, our country and even for the whole CIS. Reconstruction of such a…Details
“The Kyrgyz government has no means to clear Kumtor’s open pit, so it is necessary to develop glaciers,” Deputy Prime Minister Duishenbek Zilaliev said at a parliament meeting. According to him, if Kumtor does not work, then the glaciers will collapse into the pit. The government will have to clear it at its own expense,…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…Details
In January-September the income of TMK increased by 31% YoY, to $3.191 billion. According to the company statement, in Q3 the growth totaled 3% QoQ, to $1.14 billion. EBITDA for Q3 increased by 27%, to $169 million, for 9 months – by 14%, to $444 million. Net profit totaled $22 million in Q3 and $46…Details
The Corum Druzhkovka Machine-Building Works has supplied 162 sections of anchoring to the Dalnyaya mine, a part of Donskoy Antrazit (DTEK). According to the company statement, this is the largest anchoring order this year. “Similar anchoring is already successfully used at the mine. We made the first delivery in 2013, and the second order is…Details
In October consumption of anthracite in Ukraine dropped by 30%, or by 300 thousand tons. According to the vice-prime minister Vladimir Kistion, 100 thousand tons have been saved thanks to the warm October and 200 thousand tons because of the switch of thermal power plants to the gas-coal. Kistion is sure that next year the…Details
BSK Steel appeared a year ago. Since then the company has assembled a polymer-coating line with the annual capacity of 200 thousand tons. The first output was in June. At present the company produces some 4 thousand tons per month with the thickness of 0.3-0.5 mm with various coatings. The metal is supplied across Russia,…Details
Evraz might get competitors in the purchase of Sibuglemet, which it has been managing since 2015. In December VEB will hold a competition to manage the holding in Kemerovo region. It had to be hold in summer, but was postponed due to no interest except for on behalf of Evraz. But the new sales already…Details
Metinvest and Lemtrans have signed a 3-year cooperation agreement. Within the agreement Lemtrans will not only provide open cars to Metinvest, but will also manage all the open cars of the holding. The new agreement takes into account the experience of the previous 3-year contract. “We are taking steps to increase our own open cars…Details
The aim of PJSC ArcelorMittal Kriviy Rih is to create a manufacturing company of high-quality spare parts for own needs and for the needs of external customers. LLC Casting & Mechanical Plant will be established by merging the shops of the company. A competitive enterprise having a team of highly skilled specialists, with a strong…Details
The members of the Parliament did not like being called terrorists because of Kumtor, Saidulla Nyshanov said at a session of the Parliament on November 16. The deputies discussed scandalous amendments to the Water Code permitting work on Davydov and Lysyi glaciers. Deputies also visited Kumtor, as well as representatives of the government and the…Details
Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…Details
Within its investment program ArcelorMittal Temirtau purchased special machinery valued at around $1.3 million for its Orken-Kentobe mine.
In particular 4 new BelAZs have been put in operation.
“The lifting capacity of the new machines is 55 tons. They have an increased passability and are completely computerized”, Orken-Kentobe transport director Sergey Shlepkin said. (Ukrainian metal)
In Q3 Lysva Iron and Steel Works received 91.5 million rubles of net losses, with the net loss of 218 million rubles in Q2, as opposed to 182 million rubles of net profit in Q3 2016. In January-September losses totaled 366.7 million rubles as opposed to 202 million rubles of net profit in January-September 2016.…Details
In January-September Russia imported 4.988 million tons of ferrous metals, up 1.53-fold YoY. The share of far foreign countries in the total import structure was 1.794 million tons, that of CIS countries – 3.194 million tons (1.13 million and 2.118 million tons in 9 months of 2016 respectively). Ferrous metals imports not counting pig iron,…Details