NLMK Group (LSE: NLMK; MOEX: NLMK) is pleased to announce that it has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas…Details
Moscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”). Key highlights Aluminium Aluminium production in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter (“QoQ”)), with Siberian smelters representing 93% of total aluminium output; In 1Q19, aluminium sales amounted to 896 thousand tonnes. In 1Q19…Details
RUSAL (486 Hong Kong, RUAL Moscow Exchange), one of the largest aluminium producers in the world, will plant 500 thousand trees in the Irkutsk region, as part of the Company’s climate strategy on greenhouse gas absorption. During the St. Petersburg Economic Forum, RUSAL, the Federal Forestry Agency and the Government of the Irkutsk region signed…Details
The Gornaya mine in Lugansk region is operating in emergency mode and could drown because of electricity debts.
Since August 1 the Pervomayskugol mine has not been able to operate in normal mode.
The mine is also lacking spare parts.
If the situation is not stabilized, the mine will be flooded. (Ukrainian metal)
Rustechnogroup has paid a multi-million tax debt after the regional bailiffs arrested the company fleet. The Belgorod-based enterprise of the company producing construction metal structures owed 5.4 million rubles of taxes. The bailiffs asked to arrest the company accounts and prohibit any registration activities with its cars. As of today all the prohibitions have been…Details
Kyshtym Electrolytic Copper Plant has received a set of power machinery for the copper foil electrolysis shop under construction. In particular, the company has received two out of six rectifiers and four dry transformers with the capacity of 3.2 MW each. The machinery will be assembled when the construction works in the new shop are…Details
In January-July 386.5 million tons of cargo were transported in Ukraine, up by 8.5% YoY. According to the State Statistics Service, railroad accounted for 152.1 million tons of cargo, down by 0.9%. The transportation of ferrous scrap dropped by 16.4%, of coke – by 13.7%, of coal – by 5.7% and of ferrous metals –…Details
Krivoy Rog Iron Ore Industrial Complex in January-July decreased iron ore output by 13% YoY, to 2.519 million tons.
In July output grew by 391 thousand tons from 378 thousand tons in June.
In 2018 the company produced 4.581 million tons of ore, down by 9.7% YoY. (Ukrainian metal)
In January-June Norilsk Nickel increased consolidated revenue by 8% YoY, to $6.3 billion.
Net profit grew by 81%, to $2.997 billion.
EBITDA went up by 21%, to $3.7 billion.
Capital investments remained almost on the level of 2018 – $500 million. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its “Energy Management of Industrial Enterprises” program. UNIDO is a specialized agency of the United Nations,…Details
“We were assured that till October 1 industrial companies would have electricity tariffs reduced by 15-20%”, said Oleg Ayko, Head of raw materials purchasing department of procurement administration, ArcelorMittal Kriviy Rih, who attended a meeting at the Office of the President of Ukraine on the current situation in the electricity market after introduction of a…Details
Russian metals giant Norilsk Nickel is considering different options of raising money, including Eurobonds, CFO Sergei Malyshev said in a conference call. “We are considering all options that are there on the market, but there is no ready deal lying on the table,” he said. The board of directors of Norilsk Nickel has recommended paying…Details
Deputy Prime Minister of Armenia Tigran Avinyan commented on the public concerns that the government of Armenia feared international pressures and arbitration over Amulsar case. Tigran Avinyan wrote on his Facebook page that the government understood the situation very well, as well as the steps for any scenario, including the possible arbitration. ‘’In case of…Details
The Eurasian Economic Union has decided to impose limitations on the import of hot-rolled steel coils for a year from December. The EAEU consists of Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota of hot-rolled steel coils in the countries is some 1.33 million tons, and all the imports exceeding this volume will be…Details
In January-June Mariupol Ilyich Iron and Steel Works and Azovstal mastered the manufacture of 27 new rolled metal types. In particular, Azovstal manufactured new products in the plate-rolling shop. The company started producing 10G2FBU strips with the thickness of 10 to 55 mm to be used in the manufacture of large diameter pipes. According to…Details
In January-June net losses of Rusolovo decreased by 26% YoY, to 85.205 million rubles.
Revenue grew 3.5-fold, to 1.054 billion rubles.
In 6 months the company produced 1003 tons of tin concentrate.
This year Rusolovo intends to mine 2.2-2.6 thousand tons of tin. (Ukrainian metal)
The mining shop of Svyatogor, a part of UGMK, has received a new Komatsu WA700-3 front-end loader. The machine will replace an older model that has been working for over 10 years at the Severo-zapadny quarry of the Volkovsky mine. The ladle of the loader has the volume of 9 cubic meters. The machine lifting…Details
A project to create a metal enterprise, which will produce electric welded longitudinal pipes, is being carried out in the Master industrial park in Stavropol region. The plant will be commissioned in late 2020. The pipes will be produced by Volzhsky Pipe and Section Works, one of the largest pipe manufacturers in the south of…Details
In July Russia produced 5 million tons of unalloyed steel and semi-finished products, down by 5.2% YoY, but up by 2.6% MoM. In 7 months output dropped by 0.8% YoY. Stainless steel manufacture dropped by 25.5% YoY and by 5.8% MoM, to 13.9 thousand tons. Other alloyed steel output fell by 8.5% YoY and by…Details
Kazatomprom National Atomic Company announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts. The company will now begin working with joint venture partners to assess the impact and implement the plan across all of Kazakhstan’s uranium mines, the company’s press service informs.…Details
The mining sector is one of the leading sectors in the economy of Azerbaijan. Mining of precious metals, such as gold and silver, successfully expands in its volumes. Gold mining in the country amounted to 2,061 kilograms in January-July, up by 8.7% YoY, the State Statistics Committee said in a message. In July alone 339.8…Details
The Prosecutor General’s Office of Kyrgyzstan disclosed details of issue of a license for Terek-Sai field, press service of the supervisory body reported. The Military Prosecutor’s Office handed a notice of suspicion of crime under the Article “Complicity in corruption” to the former head of the State Agency for Geology and Mineral Resources Duishenbek Zilaliev.…Details
The Capitalnaya mine of the state enterprise Mirnogradugol has not been operating for more than a week. The reason is that the Mirnogradskaya Central Processing Factory has stopped accepting rock. Capitalnaya usually mines some 1.5-2 thousand tons of coal per day. The mine accounts for the lion’s share of the enterprise revenue, thus the blocking…Details
In 2015-2018 Interpipe lost some 14% of the Ukrainian market of seamless hot-rolled pipes. The drop is due to the growth of Chinese products on the Ukrainian market, which are sold at dumping prices. “There has not been such a growth before. But in 2018 Chinese deliveries began increasing drastically resulting in such damage. As…Details