In January-February Ferrexpo exported 1758.3 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 1470.3 thousand tons and Yeristovo GOK – 288 thousand tons. Metalloinvest (Russia) exported 959.3 thousand tons of pellets, including Mikhailovsky GOK – 816.7 thousand tons and Lebedinsky GOK – 142.6 thousand tons. Metinvest shipped 715.4 thousand tons of pellets…Details
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In February Ukraine exported 435.9 thousand tons of semi-finished carbon steel products valued at $181.03 million, down 2-fold YoY. The share of the semis exports in the total foreign trade of Ukraine amounted to 6.9%. Half of semis were exported to Italy and Egypt (36.8 thousand tons and 54.6 thousand tons). Indonesia imported 7.3 thousand…Details
The government has discussed the state program of industrial and innovative development for 2015-2019. The share of the processing industry in the GDP structure increased from 10.1% to 11.6%. Last year two major projects were carried out – the Bakyrchikskoye Mining Enterprise and the Sary-Arka Copper Processing Company were put into operation. This year it…Details
In 2018 Kirov Non-Ferrous Metals Processing Works received 154.8 million rubles of net losses, up 6-fold YoY. At the same time, in 2016 the company received 130 million rubles of net profit. Revenue last year totaled 9.16 billion rubles, up by 4%. Sales profit dropped more than 3-fold, to 57 million rubles. (Ukrainian metal)Details
Stoilensky, the second largest producer of iron ore concentrate in Russia, has signed a development contract with the Finnish company Outotec to increase the pelletizing plant’s installed capacity by a third – from 6 million tons to 8 million tons of pellets per year. Under the contract, Outotec experts will design, supply main equipment and…Details
The U.S. Court of International Trade has upheld an earlier decision to apply a 184.56% duty on imports by Russian steel producer Severstal, Bloomberg reported on March 28, citing the court decision. The U.S. Commerce Department slapped the duty on hot-rolled and sheet-rolled steel imported by Severstal between December 2014 and November 2015. The authority…Details
International rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement. The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)Details
Central Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…Details
In January-February Ukraine exported 3.3 million tons of ore via seaports, up by 44.8% YoY. Ferrous metals exports dropped by 3.8%, to 2.7 million tons. The Yuzhniy port exported the most ore – 2.8 million tons, up by 63.8%. Lately iron ore exports via seaports have been decreasing – in three years they fell by…Details
According to the President of Ukraine Petro Poroshenko’s order, the state enterprise Lvivugol has to receive 200 million UAH from the state budget. The money will be spent to purchase machinery for the Mezhirechenskaya, Lesnaya, Stepnaya and Chervonogradskaya mines. Commissioning of new long faces at these four mines will increase coal output in Q1 by…Details
Nordgold is not planning to launch the Uryakh project in Irkutsk region in the short-term. According to the company, the resources available are not enough for the construction of a separate mine. Thus, this year the company will be carrying out additional prospecting to increase the Uryakh resource base. Nordgold intended to start gold extraction…Details
The Siberian Manufacturing-Geological Enterprise, a part of the state holding Rosgeologia, has found three promising sites with gold ore within the Aldan-Maadyr node in the Republic of Tyva. The enterprise has been prospecting for ore gold there under a contract signed in July 2017. As a result of drilling the enterprise was able to find…Details