Kamchatskoye Zoloto, developing deposits in the Bystrinsky district of Kamchatka region, intends to commission the first stage of the Baranievsky Mine in the second quarter of 2020. The mine is expected to yield 73 thousand tons of ore per year. The second stage, during which the mine will reach the design capacity of 200 thousand…Details
In January-July Ukraine exported 5.07 million tons of rolled metal, up by 4.5% YoY, valued at $2.676 billion, down by 6.5%. In particular, the exports of flat rolled metal increased by 6.9%, to 3.190 million tons valued at $1.63 billion, down by 3.6%, bars and sections – by 0.3%, to 1.71 million tons valued at…Details
In January-July Ukraine exported 397.4 thousand tons of pipes, up by 4% YoY, valued at $430.8 million, up by 1.2%. In particular, the export of seamless pipes grew by 7.3%, to 289.6 thousand tons valued at $364.3 million, up by 4%, and of large-diameter pipes – 2.9-fold, to 11.4 thousand tons valued at $8.2 million,…Details
In July Ukraine exported 197.8 thousand tons of pig iron, up by 34.6% MoM, valued at $62.5 million, up by 30.5%. According to the State Fiscal Service, in January-July 1.4 million tons of pig iron were exported valued at $453.5 million. Pig iron accounted for 1.5% of all exports. 56.6% of pig iron were shipped…Details
In January-June Pobuzhye Ferronickel Plant increased tax payments by 25.6% YoY, to 51.499 million UAH.
Single social payments grew by 28.1%, to 26.19 million UAH, while personal income tax and military tax increased by 25.2%, to 20.867 million UAH.
Average salary went up by 29.3%, to 10395 UAH. (Ukrainian metal)
Last week the price of one ounce of gold increased by 90.5 manats or by 3.5%. Accordingly, the average price of one ounce of gold stood at 2,518.9427 manats. The price of one ounce of silver grew by 1.0469 manats or by 3.6%, to 28.5267 manats. The price of one ounce of platinum went up…Details
Centerra Gold Inc. announced that all conditions precedent to the completion of the Strategic Agreement entered into with the Kyrgyz Republic Government on September 11, 2017 had been satisfied or waived and all parties had therefore acknowledged that the First Completion Date (as defined in the Strategic Agreement) had occurred. All parties to the Strategic…Details
Russia’s gold exports grew by 67% YoY, to 15.78 tons in January-June, the Assay Chamber at the Finance Ministry, responsible for state control over exports and imports of precious metals and stones, said. Refined silver exports fell by 56.6%, to 212.1 tons, platinum by 2.2%, to 11.56 tons, but palladium grew by 7%, to 45.612…Details
In June Armenia produced 1440 tons of molybdenum concentrate, up by 10.6% MoM and by 64.6% YoY, as well as by 43% from the average monthly result in the past 12 months, and the record one for the country. Ferromolybdenum manufacture increased to 674 tons, up by 1.6% MoM and by 12% YoY, after a…Details
ChTPZ Group has started transforming its scrap-procuring division, the Meta Group of Companies. The program will run till 2023 in 2 stages. During the first stage, until 2021, the company will get a new target system of business processes and implement a number of IT-tools to manage and control scrap procurement and processing. The second…Details
In July Mechel-Materials processed a record of 43 thousand tons of metal manufacture waste into mineral additive to concrete mixes. This is some 40% of Chelyabinsk Iron and Steel Works blast furnace wastes in a month. The additive is obtained by shredding pig iron manufacture waste in special mills. The use of the additive allows…Details
Eurasian Economic Committee will impose quotas on hot-rolled metal from Ukraine and South Korea from December 1 for a year. Under the quota it will be possible to supply 1.328 million tons of rolled metal without additional payments, but over that volume the duty will be 20% of the customs cost. “The special protective measure…Details
Lime manufacture in January-July increased by 4% YoY, to 1.2 million tons. Dniepropetrovsk and Donetsk regions are still the major producers, accounting for 68% of the total output. The growth is due to increase of lime output at Mariupol Ilyich Iron and Steel Works and Azovstroymaterialy. The 10 largest manufacturers accounted for 86% of lime…Details
In July Energomashspetsstal shipped a batch of rolls for rolling mills to the Mariupol Ilyich Iron and Steel Works. The corresponding agreement was concluded in November 2018. The batch comprised of 7 supporting rolls with the combined weight of over 200 tons. Among them was a bulk roll weighing 120 tons to be used at…Details
In January-June aluminum prices at LME dropped by 17.3% YoY, to $1826 per ton. This has become one of the reasons of Rusal revenue decrease by 5.2%, to $4736 million. Sales grew by 13.2%, to 1978 thousand tons, but the average price fell by 15.6%, to $1960 per ton. Alumina sales revenue totaled $340 million,…Details
Aleksandrinskaya Mining Company has started implementing the ERP system. The system allows combining and automating the main processes at the enterprise – from purchasing and technical maintenance of the machinery to finance and personnel management to manufacture planning. The system consists of 7 blocks. It will replace the outdated and segmental sets of accounting programs.…Details
In July Zlatoust Electrometallurgical Works produced 5182.9 tons of liquid steel, up by 3.8% from the target. In particular, the electric arc shop No. 2 produced 4667.1 tons. The company also produced 5089 tons of rolled metal, including 80% of high-alloyed and stainless steel grades. The mill-750 produced 2863 tons (up by 1.4% from the…Details
Fincraft Resources has started consulting on the issue of listing its nickel and cobalt mining subsidiary Kaznickel on the Hong Kong Stock Exchange. Until the end of the year the company intends to get $260 million from Kaznickel IPO by selling 25% in it to finance the next stage of the development of its main…Details
In January-June Susumanzoloto received 5.436 billion rubles of revenue, up by 1.2% YoY.
Sales profit grew by 11.9%, to 1.446 billion rubles.
Net profit increased by 6.3%, to 996.171 million rubles.
This year the company intends to extract 6.5 tons of gold. (Ukrainian metal)
Tatprof is capable of producing over 10 thousand various sections of aluminum, 500 of which are finished products. The others are used in various industries: architecture, car manufacturing, power, defense, space sphere, etc. The company produces around 3.6 thousand tons of sections per month. 7 press machines allow extruding 60 thousand tons of sections per…Details
In July Yuzniy Mining and Processing Works produced 1043.7 thousand tons of concentrate, on par with July 2018.
Sinter manufacture grew by 114.3%, to 121.1 thousand tons.
In January-July UGOK produced 7319.3 thousand tons of concentrate, up by 3% YoY, and 789.8 thousand tons of sinter, down by 17%. (Ukrainian metal)
The assets of the bankrupt Donelectrostal have been put on sale for 93.3 million rubles. In particular, 4 land plots with the combined size of 411,393 square meters in Novoaleksandrovka village will be sold. A part of one of the plots with the size of 9,880 square meters will be recovered in favor of the…Details
Mechel has signed a contract with Jiangsu Sha Steel Group, the largest private steel manufacturer in China, on coal delivery. The new contract will be valid from September 2019 till August 2020. Mechel will have to ship 720 thousand tons of premium coking coal produced at Yakutugol to JSS. The price will be based on…Details
In January-June Severstal sold 2.9 million tons of metal to Russian construction companies, up by 16% YoY. This year the group decided to focus on end consumers and restructured its operation with metal traders. The increase of sales was favored by the expansion of geography of sales and the development of logistics. For example, Severstal…Details