The gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…Details
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Despite difficulties following the accident at pipelines, the ArcelorMittal Temirtau blast furnace shop employees were able to timely finish the scheduled repair of the blast furnace No. 3. The previous repair was carried out in November 2017. Following the present repair the pig iron output will reach 5.6-6 thousand tons per day. On November 21…Details
Alexander Sivakov has been appointed the executive director of the Volgograd Iron and Steel Works Krasniy Octyabr. Previously he has been a deputy governor of the Volgograd region and the chairman of the economic policy and development commission. In early November the arbitrary court of the Volgograd region declared the plant bankrupt. Krasniy Octyabr is…Details
The Russian government has allocated up to 10 billion rubles for the Federal Agency for State Reserves to buy up to 50,000 tons of aluminum for the state reserve, according to a ruling published on November 28 on the government’s website for disclosure of legal information. The U.S. imposed 25% import duties on steel and…Details
NLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…Details
The raw materials acceptance and processing shop of Uralelectromed has started assembling a Velmash stationary crane manipulator. The machine will be used to deliver copper scrap to the press. The cost of the machine is some 2.2 million rubles. The crane manipulator will replace an outdated hydraulic manipulator. The machine has the lifting capacity of…Details
Severstal-Metiz is participating in the First International Transport Infrastructure Forum in St. Petersburg. The participants are sharing their experience in road design and construction. Severstal-Metiz presented its own developments. Almost all of the major infrastructure projects in Moscow region have been created using the company products. “Infrastructure construction is one of the main industries for…Details
Borodinsky Pit named after Schadov, a subsidiary of SUEK, has reached the annual coal output target in advance. This year the target was 19 million tons of coal. Until the end of the year the company plans to mine 2 million tons of coal more. (Ukrainian metal)Details
In October ChTPZ shipped 61.2 thousand tons of metal via railroad, down by 41.4% YoY. In January-October sales reached 931 thousand tons, up by 1.9% YoY. Deliveries to Russian customers totaled 764 thousand tons, up by 18% YoY, while exports fell by 37.2%, to 166.8 thousand tons. (Ukrainian metal)Details
At the meeting Severstal shareholders decided to pay dividends for January-September 2018 The dividends amount to 44.39 rubles per ordinary share. The shareholders registry will be closed on December 4. Severstal paid 35.61 rubles per share as of Q3 2017. This year the dividends have been set at 38.32 rubles as of Q1 and at…Details
On December 1 Electrozinc will start unloading the unfinished products from the rotary-kiln and hydrometallurgical shops. It is no longer possible to process these products, as the fire on October 21 destroyed the electrolysis shop. Zinc oxide, cake, clinker and the leftovers of the zinc concentrate from the warehouse will be sent for processing to…Details
The net profit attributable to shareholders of Russian metals and mining group Mechel soared to 6.304 billion rubles in July-September, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 3% QoQ, to 79.965 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 17%, to 19.206 billion rubles. In January-September…Details
In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and EBITDA – by 41.4%, to $2.183 billion. The net debt/EBITDA ratio decreased to 1.3x from 1.9x as of December 31, 2017. Capital expenses dropped to $320 million from $335 million. (Ukrainian metal)Details