In 2018 Electrozinc fulfilled its annual manufacturing plan by 79%. The reason was the fire on October 21, 2018, which destroyed the electrolysis shop. Last year the company produced 63.065 thousand tons of zinc (73.676 thousand tons in 2017), including 31.584 thousand tons of zinc-aluminum alloy, 105.476 thousand tons of sulfur acid and 274 tons…Details
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In February Ukraine increased iron ore exports by 2.7% YoY, to $228.542 million. At the same time, imports grew 3-fold, to $0.012 million. According to the State Fiscal Service, Poland was the main customer – $34.282 million. In January-February Ukraine exported $463.2 million worth of iron ore, up by 0.02% YoY, while imports dropped by…Details
In 2018 Zagorsky Pipe Works produced over 491 thousand tons of pipes, up 3-fold YoY. The main customer was Gazprom, which needed pipes for the construction of the Nord Stream and Sila Sibiri pipelines, as well as for repairs. This year the company intends to enter new markets. In particular, ZTZ will look for pipe…Details
In January-February Uzbekistan exported $3 billion worth of products, up by 20.4% YoY. $1.2 billion accounted for gold. During the whole 2018 Uzbekistan exported $2.9 billion worth of gold. (Ukrainian metal)Details
Rudnik Taborniy, a Nordgold enterprise, intends to invest over 2 billion rubles in the development of its licensed site in the Republic of Sakha (Yakutia). In particular, 320 million rubles will be spent on prospecting works at the Tabornoye deposit. Repair of machinery will cost 200 million rubles, and the purchase of 5 quarry dump…Details
Kyshtym Electrolytic Copper Plant has received a first batch of machinery for the copper foil electrolysis shop currently under construction. In particular, the company has received 4 heat exchangers. They will be used at the first stage of copper foil manufacture. The next delivery is expected in Q2. The company will receive 2 electric cells…Details
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.8% of Evraz shares. The number of shares that the companies intend to sell amounts to 25.4 million. Roman Abramovich indirectly owns shares in Evraz through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov…Details
The precious metals prices increased in Azerbaijan on March 19. The price of gold grew by 13.3195 manats, to 2,223.1325 manats per ounce compared to the price on March 18. The price of silver went up by 0.1779 manats, to 26.1769 manats per ounce. The price of platinum increased by 17.221 manats, to 1,425.875 manats,…Details
Mikhailovsky Mining and Processing Works has put into operation a new locomotive. The machine was purchased under the Metalloinvest program to renew fleet. The new locomotive will be operating at the Pogruzochnaya station and will transport pellets and concentrate to the Kurbakinskaya station. The locomotive can transport 25 cars on average and together with another…Details
In 2019 ArcelorMittal Temirtau intends to increase steel output by 18.4% YoY, to 4.5 million tons. By Q2 the company plans to have returned to the previous year capacity. The third converter has already been put into operation. Now the company is producing 9.5 thousand tons of steel per day. On November 10, 2018 an…Details
Under the project to construct the Miory Metal-Rolling Works, MetProm has started assembling a rolling-temper mill. The assembly is scheduled to be completed in late May. The construction will be carried out in 2 stages. The first stage will have the capacity of 150 thousand tons of metal products per year. And the second will…Details
Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…Details
In January-February Luchegorsk Coal Pit mined 752 thousand tons of coal at the Bikinskoye deposit in Primorye region. In particular, in January the enterprise mined 370 thousand tons of coal and in February – 382 thousand tons. This year the enterprise intends to mine 4.6 million tons of coal. Thus, the annual target has been…Details