As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…Details
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Kyshtym Electrolytic Copper Plant has assembled two bridge remote-controlled cranes in its copper foil shop, which is currently under construction. The new machinery with the lifting capacity of 10 tons was produced by Verta. When the two cranes are commissioned, the two old 5-ton cranes will be disassembled. (Ukrainian metal)Details
Severstal and the Italian company Tenaris will have started constructing the joint venture to produce welded pipes for oil and gas industry in Surgut by early 2020. The capacity will reach 300 thousand tons per year. The joint venture is expected to be created in 2 years. On May 13, the deal was approved by…Details
On May 16, the Dnepr District Administrative Court opened a case on the claim of ArcelorMittal Kriviy Rih to the Office of major taxpayers of the State Fiscal Service. The company wants to cancel the office decision obliging it to pay 114.6 million UAH of profit tax and 57.3 million UAH of fines. In February,…Details
On May 15, the Dnepr District Administrative Court opened a case on the Severniy Mining and Processing Works demanding the Office of major taxpayers of the State Fiscal Service to cancel its decision to increase income tax by 112.8 million UAH. Central GOK sues the office because of the tax increase by 106.1 million UAH.…Details
In January-February, Ukraine exported 2.71 million tons of metal, or 88% of all metal produced. In January-February 2018 the export share was 84.8% (2.64 million tons of 3.11 million tons produced). Semi-finished products accounted for 47.53% of exports, up from 43.19% last year. The share of flat rolled metal also grew – from 31.91% to…Details
Torex-Khabarovsk LLC, managing the Amurstal works, intends in 2020 to start modernization of the manufacture with investments at 7.5 billion rubles. The modernization is necessary due to the underloading of capacities by more than 50% because of the shortage of scrap. After modernization the works capacity will grow 3.3-fold, from 900 thousand tons per year…Details
In January-February, Ukrainian metal manufacturers sold 369 thousand tons to the domestic market. The share of the market in the output was 12%. In January-February 2018, domestic market received 470 thousand tons of metal, and the share was 15.2%. All in all, domestic market in 2 months received 555.9 thousand tons of rolled metal, including…Details
A mechanic-repairman has perished at Azovstal. On May 17, he was replacing an electric engine on the third floor of the coke shop. As a result of a hit by an 8-meter long pipe he died. The prosecutor’s office is investigating the accident. (Ukrainian metal)Details
In April, Ukraine exported 583.4 thousand tons of carbon steel semi-finished products, up by 8.2% MoM, valued at $225.04 million, up by 4.29%. According to the State Fiscal Service, in January-April exports totaled 2.38 million tons at $990 million. The share of semis in Ukraine’s exports reached 6.05%. Italy accounted for 30.6% of purchases, Egypt…Details
This year Ferrexpo intends to invest $300 million in its own development. According to the group owner Konstantin Zhevago, next year investments are planned on the level of $220 to $300 million, depending on the market situation. In 2018 Ferrexpo decreased net profit by 15% YoY, to $335.22 million, increasing its revenue by 6.4%, to…Details
This year Zimovichi intends to extract 150 kg of alluvial gold. This volume is on par with the previous year output. The company will be operating at three sites – in the Amunakit, Verkhnyaya Larba and Tynda river valleys. The washing season has not started yet because of the low temperature. (Ukrainian metal)Details
In January-March, Seligdar revenue dropped by 12.3% YoY, to 18.83 million rubles, with gold sales revenue down by 61.7%, to 2.313 million rubles. Sales losses totaled 72.106 million rubles. This year the company fell to the gross loss of 3.62 million rubles from the gross profit of 4.25 million rubles in Q1 2018. The net…Details