In January-February Russia imported 0.86 million tons of ferrous metals, down by 23.5% YoY. In February imports fell by 14% MoM, to 0.458 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap totaled 0.726 million tons, down by 13.5% YoY. In February imports…Details
The gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said.
Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)
In January-March Ukraine imported 5.25 million tons of coal, down by 8.6% YoY. According to the State Fiscal Service, the value of the imported coal was $740.09 million, down by 2.7% YoY. In particular Russia supplied $476/95 million worth of coal (or 64.45%), USA – $212.57 million (28.72%), Kazakhstan – $31.07 million (4.2%) and other…Details
Gold and silver prices increased in Azerbaijan on April 9 compared to the prices on April 8. The price of gold grew by 5.083 manats, to 2,208.963 manats per ounce. The price of silver went up by 0.2041 manats, to 25.9451 manats. The price of platinum decreased by 7.4205 manats, to 1,535.797 manats. And the…Details
On March 27-29 the Siberian department of the Federal Service on Ecological, Technological and Nuclear Surveillance (Rostechnadzor) carried out an unscheduled inspection of the Zapadno-Sibirksy Iron and Steel Works. The reason for the inspection was a fatal accident at the plant on March 16. As a result of the inspection 19 violations of the industrial…Details
The Zabaikalye region group of companies Vostochnoye GRE plans to get 650 kg of alluvial gold in 2019. This year the enterprise will operate at 6 sites. The work will start in mid-May. At present the group of companies has gold reserves in the amount of 1.5 tons. 2.5 tons more will be added when…Details
Russian Railways specialists have carried out inspection of the rail manufacture at the Chelyabinsk Iron and Steel Works. They have visited all the departments connected to the rail manufacture, quality control and rail tests. As a result of the audit, the ISO 9001 quality management system was named efficient. The ChMK rails conform to the…Details
International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable. In its official statement, Fitch positively assessed the company’s financial stability, ensured by a high level of operating efficiency and a low debt. Shamil Kurmashov, NLMK Group CFO, said: “We welcome the…Details
On April 8, the rating agency Fitch Ratings upgraded company’s Long-Term Issuer Default Rating to BBB from BBB- with Stable Outlook. In its press release Fitch Ratings notes that the rating upgrade reflects MMK’s ability to maintain a conservative financial profile during market turbulence due to the company’s low cost of operations, focus on high-value…Details
The open-pit mine of Stoilensky, the second largest producer of iron ore concentrate in Russia, has launched a pilot project to implement a personnel-positioning system. The system will improve the safety of open pit mining, as it will enable timely response to emergency situations through monitoring and analyzing the personnel’s actions and equipment operation. The…Details
International rating agency Fitch Ratings has upgraded the long-term issuer default rating of the Russian steelmaker Severstal to BBB from BBB-, with a stable outlook. “The rating upgrade reflects Severstal’s tested conservative financial policy during the supply-driven steel price turbulence in 2016-2017 and increasing protectionism since 2018. Its strong financial profile has been driven by…Details
Russian oil companies Rosneft, Lukoil, Gazprom Neft, Surgutneftegas and Tatneft have asked Prime Minister Dmitry Medvedev to allow them selling used oil and gas pipes or using them for construction. Oil companies used to sell used pipes as scrap metal or used up to 80% of the old pipelines for construction. The sold pipes sometimes…Details
In March Sverdlovsk railroad transported 12.3 million tons of cargo, up by 2% YoY. In January-March transportation grew by 1.6% YoY, to 34.4 million tons. In particular, the railroad transported 2.7 million tons of ferrous metals, up by 10.9%, 518.6 thousand tons of scrap (+4.6%), 3.1 million tons of iron and manganese ore (+9.2%), and…Details
KMK-Partners has become a resident of the Belogorsk advanced development territory in Amur region. This is the seventh resident registered in the territory. Next year the company will start producing construction metal structures. It intends to produce some 4 thousand tons of metal structures per year. The company will also repair construction machines. Investments in…Details
The Central electrotechical laboratory of Evraz NTMK has turned 60. The order to create the laboratory was signed by the first director of the works in 1959. Now the laboratory performs some 18 thousand control and repair operations of 415 machines, 889 power transformers, and 20 thousand electric appliances. This year the laboratory, employing 74…Details
Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, has paid bills for the combined amount of $173 million. Ferrexpo is expected to get EBITDA of $500 million in 2018 as opposed to $551 million in 2017. In January-June 2018 its net profit fell by 29.4% YoY, to $152.21 million, while its revenue grew…Details
In February world pig iron manufacture grew by 6.1% YoY, to 95.994 million tons. According to World Steel Association, Ukraine produced 1.59 million tons of pig iron, securing the 9th position in the top-10 pig iron manufacturers, following USA (1.7 million tons), but preceding Taiwan (1.185 million tons). The largest producer is still China –…Details
In January-March, Sayano-Partizanksiy pit in Krasnoyarsk region increased coal output by 5% YoY, to 277 thousand tons. Since the start of the year Russky Ugol has commissioned 4 new machines at the pit. Thus, two new BelAZ-7555B dump trucks have started transporting coal. A Chetra T-35.01 bulldozer and a Hitachu ZW310-5A forklift truck have also…Details
A new Rosinka – 50/60 cooling tower has been assembled in the power shop of the Polymetal Manufacture, a subsidiary of Uralelectromed, replacing an outdated machine.
The old machine has been operating for 60 years.
The new cooling tower has been assembled and tested. (Ukrainian metal)
The Chief Expertise Service of Russia has reviewed the design documentation of the reconstruction of the copper-nickel ore mining enterprise and approved it. The Komsomolsky mine, a part of Norilsk Nickel, is situated in the Talnakh district industrial zone of the Norilsk city. Reconstruction will increase the mine capacity to 4 million tons per year.…Details
In 2018 Canadian Silver Bear Resources Plc, developing the Mangazeya project in the Republic of Sakha (Yakutia), produced 594,921 ounces of silver. Ore mining totaled 80,831 tons, and processing – 51,147 tons with the average content of 780 g of silver per ton. Last year the company sold 433,095 ounces of silver valued at $6.4…Details
Drazhnik LLC, a daughter company of Susumanzoloto, for the first time in its history put its dredger into operation in March (on March 25). Usually dredgers start working in late April. All the other 7 dredgers will be commissioned shortly. The company will be operating at 8 sites. Last year Drazhnik yielded 1803.6 kg of…Details
Chelyabinsk Iron and Steel Works has produced rebars for the construction of the South-Urals State University dormitory.
The new dormitory for 1.5 thousand students will be constructed in 2020.
The building will consist of 2 sections of 11 and 18 storeys, with one-, two- and three-room blocks. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) has been awarded several medals and certificates at the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. The panel of experts and international jury at the 2019 Archimedes Salon awarded both MMK and the Central Research Institute of Structural Materials (CRISM) Prometey with a certificate and gold…Details