Gold production at Kumtor mine in 2018 was 534,563 ounces or 16,626.78 kg, Public Relations Department at Kumtor Gold Company reports. Gold sales in 2018 were 530,448 ounces or 16,498.79 kg with a revenue totaling $660.1 million. Contribution to the national budget in taxes and mandatory payments in 2018 is more than 9.6 billion soms.…Details
ArcelorMittal Kriviy Rih intends to construct a tube-type furnace in the benzene department of the by-product recovery shop. “When the new furnace is constructed and put into operation, the old one in use since 1983 will be decommissioned. For that a part of the coke gas pipeline will be disassembled, and some pumps replaced”, the…Details
In February Dneprospetsstal increased steel output by 15.5% MoM, to 16.803 thousand tons.
According to the company statement, rolled metal manufacture dropped by 6.1%, to 10.742 thousand tons.
In 2 months DSS produced 31.351 thousand tons of steel and 22.183 thousand tons of rolled metal, down by 24.7% and by 20.4% YoY respectively. (Ukrainian metal)
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
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)
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
Severstal Steel Decisions has finished delivering the main metal frame for the construction of a power plant in Perm region. The metal structures will be used to construct the building frame of the mini-power plant. The height of the one-storey building will be 26 meters. The total weight of metal structures produced is 400 tons.…Details
Cherepovets Iron and Steel Works has put into operation an electric bridge crane valued at some 60 million rubles. The new crane with the capacity of 35/15 tons will be used to transport bulky rolls weighing up to 30 tons in the metal coating shop No. 1. The crane-replacement program started in 2016 in order…Details
Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports.
In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)
The state enterprise Lvivugol intends to sign an agreement with the Lviv Coal Company to process coal valued at 133.46 million UAH. The purchase has been carried out on the basis of negotiations, as the previous purchase has been cancelled three times due to the lack of participants. The original terms were 920.400 tons of…Details
In 2018 Ukraine exported 2.27 million tons of metal valued at $1.32 billion to Russia, up by 15.9% and by 21.4% YoY respectively. Bars and sections accounted for 52% of the exports, up by 20.8%, including construction rebars and rolled wire (53%, up 1.75-fold). The exports of flat rolled metal increased by 1.8%, to 33.3%.…Details
Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025.
Investments in the deposit are estimated at $500 million.
The development is expected to last for 30 years.
Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)
In 2018 Russia exported 1,64 million tons of steel valued at $1103 million to Kazakhstan, down by 11.8%, but up by 2.3% YoY respectively. According to the customs statistics, this is the largest result in the past three years. The share of bars and sections is 35%, down by 27.5%, and flat rolled metal –…Details
In 2018 Russia exported 5.05 million tons of steel rolled metal and pipes to Turkey valued at $2973 billion, down by 11.8% and up by 6.1% YoY respectively. According to the customs statistics, flat rolled metal accounted for 50% of exports, including thin-sheet steel (80%, down by 13.7%). Exports of semi-finished products decreased by 10%,…Details