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The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…
DetailsIn January-April, Ukraine exported 3.812 thousand tons of coke valued at $909 thousand, down 2.3-fold and 2.6-fold YoY respectively. The main customers were Romania (36.7%), Russia (20.77%) and Moldova (20.55%). At the same time, coke imports dropped by 13%, to 389.6 thousand tons valued at $120.63 million, down by 14.1%. The main suppliers were Russia…
DetailsSpecialists of the German company Achenbach Buschhutten, one of the world’s leading manufacturers of aluminum alloys, have conducted an audit of the technical equipment of the company CNPT, launched in 2013 at the Ganja Aluminum Plant, the Azerbaijan Industrial Corporation (AIC) reported. Specialists of the German company conducted the audit at the invitation of the…
DetailsIn January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY. Average gold content grew by 10% QoQ, to 2.9 g per ton. Rock mining increased by 35%, to 5.6 thousand tons. Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
DetailsIn March, Russia produced 4.15 million tons of pig iron, down by 7.1% YoY, with 3.75 million tons produced in February. In Q1 pig iron output dropped by 6.9% YoY, to 12.05 million tons. Ukraine, though no longer a part of CIS, in March increased pig iron output by 9.3% YoY, to 1.834 million tons,…
DetailsIn April, Zabaikalye railroad transported 1.3 million tons of cargo, up by 7.6% YoY. In January-April, transportation grew by 8.5% YoY, to 5.9 million tons. In particular, the railroad transported 3.7 million tons of coal, up by 3.4%, 136.3 thousand tons of ferrous scrap, up by 14%, 106.7 thousand tons of metal wares, up by…
DetailsArcelorMittal Kriviy Rih is completing the preparation of its social facilities for summer season. They are three country tourist camps, two children’s camps and two health complexes on the Black and Azov seaside. The maintenance of all social facilities, including Dzherelo sanatorium-preventorium, will cost the company UAH 103 million. In addition, the metallurgical plant will…
DetailsIn January-April, Ukraine imported 22.404 thousand tons of scrap valued at $11.368 million, up by 76.4%, but down by 0.6% YoY respectively. The main suppliers were Russia (49.09%), Turkey (43.03%) and Korea (3%). (Ukrainian metal)
DetailsKamensk-Uralsky Iron and Steel Works decided not to publish its financial report on 2018. The financial results will be approved at the general meeting of the shareholders on May 23. In 2017, KUMZ received 24.98 billion rubles of revenue, up by 10% YoY. Sales profit grew by 10%, to 3.97 billion rubles, but net profit…
DetailsIn January-April, Sverdlovsk region railroad transported 11.9 million tons of cargo, up by 0.2% YoY. In April throughput dropped by 0.9%, to 17.5 billion ton-km. In particular, transportation of ferrous metals grew by 7.9%, to 3.6 million tons, of ferrous scrap – by 0.3%, to 728.4 thousand tons, of iron and manganese ore – by…
DetailsThe department of the inner market protection of the Eurasian Economic Committee has started an antidumping investigation of the aluminum belt originating from Azerbaijan and China and imported to the territory of the Union. The information available points to dumping imports of aluminum belt, produced by Azerbaijani and Chinese companies, and damages to the EAEU…
DetailsMetalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The strategy aims to allow the company to maintain the leading position in the metals and mining industry and continuously enhance the company’s efficiency. In 2015, Metalloinvest announced…
DetailsDeliveries of MMK’s rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The company plans to further expand its presence in the domestic market. Deputy General Director of Sales at PJSC MMK…
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