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Metal product sales of ММК Metalurji, a Turkish affiliate of Russia’s Magnitogorsk Iron and Steel Works (MMK), decreased by 15.9% QoQ, to 158,000 tons in October-December 2019 due to a tough market situation, MMK said in a statement on January 21. In the whole of 2019, the sales fell by 6.2%, to 720,000 tons, it…
DetailsIn 2019, the net profit of Kyrgyzaltyn OJSC, excluding Centerra Gold dividend income, amounted to 286.5 million soms, press service of the company reported. Compared with 2018, the figure has reportedly tripled. In addition, the company has transferred 400 million soms in taxes and payments to the budget. Including dividends, 100 million soms have been…
DetailsIn 2019 Lena LLC, developing alluvial gold sites in Irkutsk region, extracted 337.5 kg of gold, up by 19% YoY. The target output was 330 kg. In 2018 the company extracted 282.8 kg of gold. (Ukrainian metal)
DetailsIn 2019, Olkon produced 4.339 million tons of concentrate, up by 2.4% YoY. The growth was due to the increase of deliveries to Cherepovets Iron and Steel Works. Average iron content in concentrate reached 68.45%, an absolute record for the company, with the maximum reached in December 2019 – 68.81%. This year output volume is…
DetailsIn 2019, Yuzhniy Kuzbass mined 8.7 million tons of coal, up by 26% YoY. Factories processed 8.7 million tons, up by 4%. Some 6.5 million tons of coal have been shipped to customers, up by 20%. Excavation works increased by 36%, to 40 million cubic meters of rock. In December 2019, over 1 million tons…
DetailsZagorsky Pipe Works has successfully confirmed its correspondence to API requirements. In late December 2019, a supervisory audit was carried out at the works. The company confirmed the correspondence of its quality management system to API Specification 5L:2018, Q1:2013 and ISO 9001:2015. ZTZ has passed this check for the third time. (Ukrainian metal)
DetailsZlatoust Electrometallurgical Works is preparing to commission the fifth Bosio heat treatment furnace. The construction of a new heat treatment site on the basis of the rolling shop No. 3 has become a part of a large-scale project to unite all processes of metal treatment in one shop. Having commissioned Bosio furnaces in September 2019,…
DetailsIn 2019, Krivoy Rog Iron Ore Industrial Complex decreased iron ore output by 4% YoY, to 4.4 million tons. In December 2019 the enterprise produced 370 thousand tons of ore. In 2018, output dropped by 9.7% YoY, to 4.6 million tons. (Ukrainian metal)
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