In January-February Russian output of copper concentrates remained flat YoY.
According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)
In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015. According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same…
DetailsWhen the second stage of the Kamensk-Uralsky Iron and Steel Works rolling complex is put into operation the company will be able to finish the realization of one of the largest projects in the world on the production of semi-finished products of aluminum alloys. The local authorities granted 74 million rubles from the regional budget…
DetailsAccording to the Federal Service of State Statistics, in January-February Russia produced 8.8 million tons of steel and semi-finished products of unalloyed steel. Pig iron output reached 8.5 million tons. Russia also produced 8.8 million tons of rolled metal, up by 1% YoY. Steel pipes, sections and fittings production increased by 13.8%, to 0.951 million…
DetailsMetinvest-PromService LLC, created on the basis of the repair subdivisions of Azovstal, Mariupol Ilyich Iron and Steel Works and Yenakievo Iron and Steel Works, all parts of Metinvest, announced of its decision to open a subsidiary in Zaporozhye to service local assets. According to the company CEO Mikhail Rubtsov, because of the railroad blockade the…
DetailsIn 2016 ArcelorMittal Kriviy Rih received 2.7 billion UAH of net profits. According to the company press-service, its net income last year totaled 52.96 billion UAH, with capital investments on the level of 4.75 billion UAH. In 2016 AMKR produced 7 million tons of steel, up by 11% YoY. Such a high result has been…
DetailsCEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…
DetailsDTEK has reported a crime to the National Police involving its loss of control over mining enterprises located in areas temporarily not controlled by Ukrainian government forces in Donetsk and Luhansk regions. “The applications were filed in accordance with Part 3 of Article 206 of the Criminal Code of Ukraine foreseeing the demand to terminate…
DetailsSince March 1, Donetskstal has lost control over some of its assets on the uncontrolled territory of Donetsk region. In particular the group no longer controls Donetsk Iron and Steel Works, Makeevka and Yasinovsky Coke Plants. According to the company statement, it still operates in the legal field of Ukraine and has completely distanced itself…
DetailsThe Krasnoyarsk Aluminum Works has already decreased air pollution by 30% and intends to decrease it by 8% more by 2018. According to the company statement, this year it will put into operation a new gas-purifying machine. The company is also creating the continuous monitoring system to be put into operation in 2018. “By 2016…
DetailsThe United Metallurgical Company (OMZ) goes on with its program of modernizing casing, compressor-pump and oil-and-gas pipes manufacture at the Vyksa Iron and Steel Works. In several years OMK will invest over 40 billion rubles into the project, including 12 billion rubles within the agreement signed with the Nizhniy Novgorod regional authorities in March 2016.…
DetailsIn January-February StalTrans sold 5.8 thousand tons of metal wares, down by 8% YoY. Wire saw the largest drop in sales – by 18%, to 3.8 thousand tons. In March the company intends to sell around 3 thousand tons of metal wares, on the level of February. The products are shipped form the company warehouses…
DetailsNext week Yekaterinburg will host the Ti-2017 in CIS conference, organized by the Titanium association.
The participants will discuss the current world and Russian market situation, the raw materials and mineral base, possible types of machinery to produce titanium and its semi-finished products, as well as 3D-printing of titanium wares. (Ukrainian metal)
Vostok Engineering ponders the possibility of processing ore from the Tomtor deposits (Yakutia) in the Chita region or Krasnoyarsk Krai. “The ore will be processed outside of Yakutia – either in the Chita region, or in the Krasnoyarsk Krai. The final decision has not been taken yet, though”, the company managing director Segrey Sergienko said.…
DetailsNorilsk Nickel is ready to study the offer on the Udokan deposits development in the Zabaikalie region, but the company has not received such an offer. “We have no offers so far. If we get any, we’ll discuss it”, the company CEO Vladimir Potanin said. The Udokan deposits is one of the largest copper deposits…
DetailsMetalloinvest is transferring its managing company from Moscow to Stariy Oskol in the Belgorod region. The town houses its main manufacturing capacities. Moscow will retain financial division, GR and marketing. The transfer has already commenced and is expected to be finished in 2018. Half of the managing company will be relocated to Stariy Oskol by…
DetailsAn employment center for Metinvest workers from the companies on the occupied territories has started operating in Mariupol. According to Azovstal CEO Enver Tskitishvili, the Metinvest staff is a single body, despite territorial spread. Azovstal has already employed the first workers from the Yenakievo Iron and Steel Works. Other Metinvest enterprises do the same. On…
DetailsIn January-February Chukotka region mined 3,577 tons of gold, down by 14% YoY. The overall decrease was the result of the output drop at the large gold and silver deposits of Kupol and Dvoynoye. At Kupol the Chukotka Mining and Geological Company mined 1.472 tons of gold, down by 218 kg YoY, and 19.9 tons…
DetailsFrom the start of the year and as of March 17, the gold-mining company Druza has mined 135 kg of gold at its Nevskoye deposits. “At present we continue mining ore gold at the Nevskoye deposits. Operations at the Bolshoy Dogaldyn have already been started”, the company chief geologist Konstantin Morgun said. In 2017 Druza…
DetailsThe management of Susumanzoloto intends to mine 4050 kg of gold at its deposits in the Magadan region. “At present we make all the preparations to the season: repair machinery, carry out drilling and blasting. We’ll start extracting alluvial gold in April. At the same time we continue mining ore gold at the Vetrenskoye deposits.…
DetailsInterpipe has started importing scrap from Moldova. “We import scrap from Russia and from Moldova. These are just trial batches, of around several tons. But I expect scrap imports to increase in future. There are no other options”, Interpipe finances and economy director Denis Morozov said. According to him, if scrap is imported from other…
DetailsIn 2016 Ukraine imported 1.35 million tons (31.55 thousand wagons) of coke from the uncontrolled territories, and supplied 193.6 thousand tons of coke (4.52 thousand wagons) there. According to the Ukrzaliznytsia report, iron and manganese ore imports from uncontrolled territories totaled 28.72 thousand tons (430 wagons), exports – 5.27 million tons (76.54 thousand wagons). Ferrous…
DetailsA delegation from AvtoVAZ headed by its president Nicolas Maure has paid a visit to Magnitogorsk Iron and Steel Works. The guests visited the oxygen-converter shop of MMK, as well as the sheet-rolling shop No. 11, which now has the newest cold-rolling mill, intended for high-quality automobile sheet production in particular. The sheet is used…
DetailsThe shareholders of PJSC Central Mining and Processing Works, a part of Metinvest Group, intend to pay UAH 1.665 billion from the UAH 2.219 billion net profit in dividends for 2016. It is planned to distribute profit at an annual meeting of the shareholders scheduled for April 19. According to the draft decision of the…
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