KAZ Minerals is starting preparations for the feasibility study of the Peschanka deposit development. The deposit is situated in the Chukotka Autonomous District. The feasibility study will be prepared by Fluor. The results will be presented in the first half of 2020. In January KAZ Minerals finalized the deal to purchase the Baimskoye copper project…Details
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Bystrinskoye Mining Company LLC, developing the Bystrinskoye deposit of copper, iron and gold ores in Zabaikalye region, intends to process 8 million tons of ore in 2019. This year the company plans to produce 1 million tons of iron ore concentrate and 150 thousand tons of copper concentrate, up from 346 thousand tons and 77…Details
Sustainalytics, one of the key rating agencies of the ESG sphere, has increased Severstal rating from 54 to 70 points (of the 100 possible), giving it the 8th place among 42 metal companies all over the world. Severstal has also been awarded the “Advanced Company” title. This year Severstal intends to increase investments in environment…Details
The new air-separation machine in the MMK oxygen shop has produced 100 million cubic meters of technical gases, including oxygen, nitrogen and argon. The machine costing 4.2 billion rubles was assembled at the oxygen station No. 5 site in July 2018. The machine generates 35 thousand cubic meters of gaseous oxygen, 30 thousand cubic meters…Details
TMK is mulling the possibility of participating in the tender to construct gas pipeline in Bulgaria, since the country intends to join the Turkish Stream. The first branch with the capacity of 15.75 billion cubic meters of gas per year is for the Turkish market, while the second with the same capacity – for the…Details
In 2018 capital investments in the sector of metallurgy and metal manufacture grew by 41.7% YoY, to 25.56 billion UAH. According to the State Statistics Service, the total growth of capital investments in the industry was 31.6%, to 179.7 billion UAH. In 2017 investments in metallurgy increased by 25.8% YoY, to 18 billion UAH. (Ukrainian…Details
Energomashspetsstal will produce 11 supporting rolls with the total weight of 246 tons for Companhia Siderúrgica Nacional (CSN), Brazil. According to the company statement, the first 6 rolls will be delivered in August. And the other 5 – in February 2020. (Ukrainian metal)Details
In 2018 Chelyabinsk Iron and Steel Works received 4.276 billion rubles of net profit, down by 21% YoY. In 2017 the net profit was 5.4 billion rubles, while in 2016 – 15 billion rubles. Revenue in 2018 grew by 5%, to 124.27 billion rubles. Sales profit increased from 7 billion rubles to 13 billion rubles.…Details
The Siberian Mining and Metallurgical Alliance (SiGMA) has suspended the manufacture of gold at the Ozernovskoye deposit for 2 months. The deposit is situated in Kamchatka region. The suspension of the operation has to do with the need to reconstruct the gold-extracting factory with the capacity of 60 thousand tons. The factory was commissioned in…Details
In 2018 Chelyabinsk Iron and Steel Works increased sales of stainless steel sheet by 40% YoY, to 5.7 thousand tons. The company sells rolled sheet to major enterprises of the nuclear, machine-building, chemical and other industries. The sheet is made of special steels and alloys. This year ChMK intends to further increase sales and expand…Details
The Moscow Exchange plans to exclude common shares of the Russian metals and mining group Mechel from the lists of its main indices staring from March 22, the bourse said in a statement on February 27. “The Moscow Exchange has announced today the results of a quarterly review for the MOEX indices. All changes were…Details
The Department of the domestic market protection of the Eurasian Economic Commission has initiated another antidumping investigation of the delivery of forged steel rolls for metal-rolling mills originating from Ukraine. The investigation has been initiated because the antidumping measures have expired. The basis for the investigation is that in January-September 2018 deliveries of Ukrainian rolls…Details