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Following prospecting works in 2018, Kinross Gold has decided to extend the development of the Kupol gold deposit in Chukotka till 2023. Previously it was supposed to wrap up work at the deposit in 2022. The increase of reserves enabled the company to extend the work at the site. This year Kinross Gold will spend…
DetailsIn 2018 Severstal Distribution increased metal sales by 31% YoY, to 2.3 million tons. Sales of Severstal Russian Steel rolled metal and construction pipes grew by 23%. Deliveries to Russia went up by 10%. (Ukrainian metal)
DetailsUkrainian Railways (Ukrzaliznytsia) has prohibited the transportation of metal scrap to ArcelorMittal Kriviy Rih. According to the enterprise report, scrap is prohibited to be delivered to the Krivoy Rog-Main station. The prohibition runs from February 18 till February 21. (Ukrainian metal)
DetailsIn January Russia produced 354 thousand tons of metal structures. According to the Federal Statistics Service, the output grew by 27% YoY. At the same time the results are below the December 2018 level by 28.2%. (Ukrainian metal)
DetailsQuotas for the delivery of Ukrainian metal products to the European Union are already 6-29% filled in. In particular, Ukraine has already supplied 2.519 thousand tons of gas pipes (29.38% of the quota), 306.23 thousand tons of hot-rolled flat metal (23.42%), 12.233 thousand tons of cold-rolled flat metal (11.95%), 30.16 thousand tons of plates (8.88%),…
DetailsIn 2018 overall expenses of ArcelorMittal Kriviy Rih on environmental issues exceeded 600 million UAH. According to the company press service, in particular, gas-purification equipment was repaired at the sintering machines Nos. 1 and 5, the flanged beam machine No. 6, and the converter No. 3. In the mining department crushing and ore processing factories…
DetailsThe prices of precious metals, except for silver, increased on February 19. Thus, the price of gold grew by 0.085 manats, to 2,250.375 manats per ounce compared to the price on February 18. The price of silver dropped by 0.074 manats, to 26.8144 manats per ounce. The price of platinum went up by 3.723 manats,…
DetailsOn February 18, a body of a hearth man was found near the blast furnace 9 controls at the Dneprovsky Iron and Steel Combine. The man was 47 years old. “Emergency arrived at the site, but after some time had to state the death of the person”, the company reported. Investigation is underway. (Ukrainian metal)
DetailsIzhstal has been awarded by the governor of the Udmurtia Republic for the quality of its products. The company produces over 1 thousand steel grades according to national and international standards and norms. In 2018 the company successfully passed the audits for the compliance of its quality management system to ISO 9001:2015, 305/2005/EU and also…
DetailsMagnitogorsk hosted a meeting of the MMK and TMK coordination council. The parties have discussed the results of the operation in 2018 and plans of further cooperation. In 2018 TMK pipe enterprises received 504.6 thousand tons of MMK flat rolled metal, up by 10% YoY. (Ukrainian metal)
DetailsIn January Severniy Mining and Processing Works increased pellets output by 1.7% YoY, to 850 thousand tons. Concentrate manufacture dropped by 3.2%, to 998 thousand tons. In December 2018 SevGOK produced 654 thousand tons of pellets and 896 thousand tons of concentrate. In 2018 pellets output grew by 13.9% YoY, to 8.45 million tons, while…
DetailsSince commissioning of its blast furnace No. 1 Cherepovets Iron and Steel Works has produced 55 million tons of pig iron. The blast furnace was blown in 1955. On August 24, 1955, the first pig iron was produced, and a new plant was born. In 2008 the blast furnace was shut down due to the…
DetailsRussia’s gold exports fell by 70% YoY, to 17.047 tons in 2018, the Assay Chamber at the Finance Ministry, which is responsible for state control over exports and imports of precious metals and stones, said in a report on February 19. According to the finance ministry, Russia’s gold refineries increased output by 2.45%, to 314.42…
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