The net profit of the Russian steelmaker Novolipetsk Steel (NLMK) soared by 63% YoY, to $1.022 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 27. Revenue grew by 28%, to $7.25 billion, and EBITDA by 31%, to $1.869 billion. In July-September, the net profit…Details
Three people died from carbon monoxide poisoning in a mine in Batken region, the Ministry of Emergency Situations reported. According to it, the accident occurred in Samarkandek village in Garym section. The dead S. Ormonov, born in 1970, I. Ibragimov, born in 1972, and Akmat Uulu U., born in 1987, illegally mined coal. Rescuers of…Details
Next year there will be no profitless state mines in Ukraine provided the government plan of coal industry reformation is carried out. “I have promised that if the plan of actions, agreed upon with the government, is carried out, next year all our state mines will be profitable”, the minister of energy and coal industry…Details
The arbitrary court of Perm region has settled the amicable agreement between the Kamastal Iron and Steel Works LLC and R-Line Transport Systems. The latter in July applied to the court to announce Kamastal bankrupt because of its debt of 22.7 million rubles. Later two more claimants appeared. But during the court session R-Line and…Details
ArcelorMittal Tubular Products Aktau is finishing constructing a unique shop. The new ship to assemble pipes in dual sections is a joint venture of AMTPA and KazTurboRemont. The commissioning of the new shop will create some 150 jobs. The shop will weld pipes into dual 24-meter sections. Its capacity will be 300 km of pipe…Details
In January-September Tajikistan mined 1384 thousand tons of coal, up by 21 thousand tons from the whole 2016 yield. “This is the highest result in the history of the republic”, the Ministry of industry and new technologies reported. The high results have been secured by Fon-Yagnob (617 thousand tons), Talco-Resource (286 thousand tons) and the…Details
In 2021 Azerbaijan intends to obtain 5987.9 kg of gold, up from 5312.2 kg in 2017. Thus, in 2018-2021 gold output will increase by 12.6%. In particular, in 2018 gold output is expected to reach 5471.5 kg, in 2019 – 5635.7 kg, and in 2020 – 5804.7 kg. Iron ore concentrate manufacture will also grow:…Details
Neryungri-Metallik, a part of Nordgold, has laid the foundation for the gold-extracting factory at the Gross mine. The largest Nordgold project in Russia will be commissioned in mid-2018. The development of Gross began in Q4 2015. The mine is expected to yield some 12 million tons of ore and produce around 7 tons of gold…Details
Stoylensky Mining and Processing Works has purchased 3 new 136-ton BelAZ dump trucks for the transportation of rock in the quarry. With these new trucks the company fleet now consists of 35 machines, enough for operation in 2018. The truck body is strengthened from inside with Quard steel sheets. Such a protection increases the body…Details
The city of Izhevsk entrepreneur Alexei Isupov and the Industrial and investment complex Vector (Crimea, annexed by Russia) have signed an agreement to create the Izhevsk foundry works Vector. The new company will process aluminum for Crimea. Investments will total 70 million rubles. 50 jobs will be created. The Izhevsk party will prepare the manufacturing…Details
In January-September KAZ Minerals produced 193.3 thousand tons of raw copper (98.6 thousand tons in 9 months of 2016). In Q3 copper output increased by 14 QoQ, to 75 thousand tons, mostly because of the production growth at Aktagan. The annual copper output target was thus increased from 235-260 thousand tons to 250-270 thousand tons.…Details
Avdiivka Coke and Chemical Works has begun the capital repair of the sulfur acid mill in the desulfurization shop No. 2. According to the company statement, this will make the manufacturing process environmentally cleaner and allow increasing product quality and output. Investments in the reconstruction will amount to 31 million UAH. The Haldor Topose machine…Details
The Ministry of Trade of the USA has published the first results of its antidumping investigation into the imports of carbon and alloyed steel wire rod originating from Ukraine, UK, Italy, Spain, Turkey, South Korea and South Africa. In particular, the investigation confirmed the sale of wire rod at lower prices and the size of…Details
Uralelectromed increased copper powder wares with silver coating by 15% YoY in January-September. By the end of the year the company intends to have produced 70 tons of such powders. According to the marketing department director Andrei Senkov, output increase is the result of the favorable local market situation (as the company mostly sells locally)…Details
Evraz ZSMK has finished reconstructing its electric arc furnace. Investments totaled 300 million rubles.
The reconstruction will decrease manufacturing expenses, while improving productivity.
Time to produce steel will also decrease, and the output will go up by 100 thousand tons, to 931 thousand tons per year. (Ukrainian metal)
MMK has smelted the 800-millionth ton of steel, a record hit for all the country. The first steel was smelted on July 8, 1933 with the commissioning of the first open-hearth furnace. In 1936 the construction of the open-hearth shop with 12 furnaces weighing 150 tons each was completed. By the end of 1980-s MMK…Details
In January-August Ferrexpo exported 6.541 million tons of iron ore pellets. In particular, Poltava GOK exported 5.239 million tons of pellets. At the same time Karelsky Okatysh exported 3.388 million tons of pellets, Mikhailovsky GOK – 2.342 million tons, Lebedinsky GOK (all three – Russia) – 1.54 million tons, and SevGOK – 1.597 million tons.…Details
The net profit of Chelyabinsk Zinc Works, Russia’s largest zinc producer, increased by 24.4% YoY, to 3.854 billion rubles under Russian Accounting Standards (RAS) in January- September, it said in a statement on October 26. Revenue rose by 29.5%, to 21.538 billion rubles, gross profit grew by 16%, to 6.053 billion rubles; income from sales…Details
The right to explore Malatash gold deposit in Aksy district of Jalal-Abad region is put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. According to it, exploration and appraisal work was carried out at Malatash deposit and adjacent area in 1974-1977. Estimated reserves and forecast resources amount to 7,866.5 kilograms.…Details
In January-September Donetsk region industrial output decreased by 12.4% YoY, while in September by 10.9% YoY and by 2.5% MoM. In September mining and quarrying output dropped by 7.7% YoY, including coal by 24.5%, metal output by 13.4%, coke – by 23.8%. In 9 months metal output decreased by 8.2% YoY, mining and quarrying by…Details
Energomashspetsstal has successfully passed the quality management system audit for the correspondence with the new ISO 9001:2015 requirements.
The audit has been carried out by TUV Thuringen.
The auditors have checked 16 manufacturing divisions at random.
Following the check TUV Thuringen recommended granting EMSS the international certificate of ISO 9001:2015 correspondence. (Ukrainian metal)
In September Russia exported 2.35 million tons of coal to China, up by 83% YoY. In 2016 China imported 18.93 million tons of coal from Russia, up by 18% YoY. In 2015 imports dropped by 60% YoY, to 15.78 million tons. 5 largest companies account for 78.8% of all the coal output (223.3 million tons).…Details
The State Property Fund of Ukraine intends to sell 68.01% of shares of Zaporozhye Aluminum Works in early 2018. ZALK is Ukraine’s only primary aluminum manufacturer. SUAL became the owner of the works in 2004. In 2007 Rusal took over the control. After long trials the court cancelled the sale-purchase agreements and returned 68.01% of…Details
Russia’s gross domestic product (GDP) growth, domestic demand recovery, higher steel prices and the stabilization in consumer confidence will help strengthen the country’s steel industry in 2017-2018, Moody’s said in a report on October 25. “We expect that steel demand in Russia will remain healthy on the back of the continuing GDP recovery, while average…Details
In January-September Kazakhmys produced 169.4 thousand tons of copper cathodes, up by 3.7% YoY.
Average copper contents in ore were 0.99%, up from 0.95% in January-September 2016 and by 8.1% from the target.
Factories processed 21.8 million tons of ore.
In 2016 Kazakhmys produced 225.657 thousand tons of ore, up by 2.5% YoY. (Ukrainian metal)
Steel consumption in Russia in 2017 will grow by 5-7% YoY, to 40 million tons, Severstal believes. According to the group corporate strategy director Anton Laptev, the main driver will be investments in the local GDP. At present their share is below 20%, but has to be at least 25%. Steel consumption was at its…Details