Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…Details
In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons.
In 10 months the company produced 62 thousand tons of ferromanganese, up by 9.1 thousand tons. (Ukrainian metal)
In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…Details
In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…Details
Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details
In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…Details
In January-September the United Mining and Chemical Company received 423.079 million UAH of net profit, down by 27.8% YoY.
EBITDA decreased by 26.7%, to 524.351 million UAH.
At the same time net income grew by 18.3%, to 2.549 billion UAH.
Undistributed profit as of late September totaled 297.083 million UAH. (Ukrainian metal)
In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017.
The company did not have any net income, while last year it totaled 31.891 million UAH.
This year ZALK has not manufactured anything. (Ukrainian metal)
DTEK Pavlogradskoye Mine Group has ahead of schedule completed the annual output plan.
The miners yielded 506,900 thousand tons of gas coal 2 months ahead of schedule.
In October the first site started mining coal from the new long face. DTEK invested some 40 million UAH in its development. (Ukrainian metal)
Corum Group will supply machinery for a major Polish mining company – Polska Grupa Gornicza. This will allow the Ukrainian supplier to integrate into the Polish market. Corum will supply 140 sections of the mechanized anchoring for the Sosnica mine. “The market is one of the most attractive for us due to the reorganization of…Details
On November 1 the steel wire shop No. 3 of Belarus Iron and Steel Works shipped the 3-millionth ton of wire. The anniversary ton was sold to Mazur-Tom (Poland), where it would be used to produce nails. In January-October BMZ produced over 216 thousand tons of wire. This year the wire was exported to Lithuania,…Details
To unload the Minsk Ring Automobile Road (MKAD) it was decided to construct the MKAD-2. Belavtodor, which unites the major road building companies of the country, has been tasked with the construction of the object with the length of 159 km. A Group has supplied flange beams for the construction. Such beams are used in…Details
EPM-Novocherkassk Electrode Works has started implementing an investment project to construct a Riedhammer primary roasting ring kiln. The kiln will be constructed in the roasting shop to replace the decommissioned machinery. The delivery of the new machinery is scheduled for H1 2019. The commissioning is scheduled for Q4 2019. Investments in the project total 1.5…Details
Energomashspetsstal has shipped 220 tons of supporting rolls to ArcelorMittal Galati, Romania. According to the company statement, the corresponding agreement was signed in autumn of 2017. Among the products supplied is a bulk roll with the weight of 147.5 tons to be used at the plate-rolling mill-4500. Its length is 10 meters. The roll is…Details
Virdy Bikram has been appointed the Chief Procurement Officer, PJSC ArcelorMittal Kriviy Rih. In this position, Bikram is responsible for supply of raw material resources, equipment for investment and strategic projects, materials and services. Virdy Bikram: “I am glad to join PJSC ArcelorMittal Kriviy Rih’s team. I believe that my diverse experience in management and…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Poltava Ventilator Works the delivery of ventilation machinery for 37.1 million UAH. By the end of 2019 the company has to supply, assemble and commission the main ventilation machine for the Novokonstantinovskaya mine in the village of Alekseevka in Kirovograd region. The equipment has to…Details
In October Zaporizhstal produced 329.5 thousand tons of steel, down by 2.3% YoY. According to the company statement, pig iron manufacture dropped by 0.9%, to 369.1 thousand tons, while that of rolled metal grew by 8.4%, to 286.9 thousand tons. In January-October steel output increased by 5% YoY, to 3.431 million tons, pig iron –…Details
Cherepovets Iron and Steel Works is going on with its autumn repair campaign. In its framework the company has completed the capital repairs of the sintering machine No. 8 in the coke and sinter blast furnace shop. “We have paid special attention to the environmental part of the machine and units, which influence the quality…Details
By 2025 the aluminum market of Russia will have reached 2.8 million tons. According to Valentin Trischenko, the chairman of the Aluminum Association, the main component of the development is the transition from the raw materials exports to deep processing. To reach this goal, it is necessary to increase import-replacing products manufacture, expand the usage…Details
NLMK-Metiz has started packing galvanized and thermally untreated wire without coating in stretch-film in addition to steel bands. The new type of packaging has been introduced following requests from customers. The stretch-film protects surface of the wire from the influence of external factors and mechanical damage during long-term transportation and storing. The first batch of…Details
In January-September MMK net profit grew by 31.7% YoY, to $1.072 billion. Consolidated revenue increased by 11.7%, to $6.252 billion, and EBITDA – by 30.6%, to $1.881 billion. In Q3 the company increased profit by 2.3% QoQ, to $401 million, but decreased revenue by 0.7%, to $2.091 million. EBITDA went up by 3.2%, to $671…Details