In July railroad deliveries of metal to the major oil and gas enterprises totaled 298 thousand tons, down by 22% YoY.
In January-July deliveries dropped by 10.7% YoY, to 2.5 million tons.
According to the railroad statistics, this is the lowest result in the past 9 years. (Ukrainian metal)
Electrozinc has started assembling new machinery in the leaching shop. The modernization of the site with the assembly of two large ball mills and construction of a new division of neutral leaching is carried out under the program of development in 2018-2022. “The project will provide for the decrease of zinc dust usage to clean…
DetailsThe Uralskaya Kuznitsa Works has successfully passed the re-certification audit of the quality management system correspondence to ISO 9001:2015. The audit has been carried out by TUV Rheinland. The company specialists have checked the forge-press and mechanical shops, and talked to the employees. As a result of the inspection, the quality management system has been…
DetailsMetalloinvest has started implementing the technique of fine screening at Mikhailovsky Mining and Processing Works. The use of new Derrick screens will improve the quality of the concentrate by increasing iron contents from 65% to 67%, while decreasing the content of silicon dioxide. Investments in the project by the end of 2022 are estimated at…
DetailsThe net profit of the Russian coal producer Raspadskaya rose by 34% YoY, to $225 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on August 24. Revenue went up by 23%, to $542 million in the period, and gross profit grew by 27%, to $306 million.…
DetailsInternational rating agency Fitch has affirmed a long-term issuer default rating and senior unsecured ratings of Russian metals holding Metalloinvest at BB, and revised the outlook on ratings to Positive from Stable, the agency said in a statement late on August 23. “The outlook revision reflects continued financial improvement, recovery on the global iron ore…
DetailsThe prices of precious metals, except for palladium, decreased on August 24, according to the data published by the Central Bank. The price of gold decreased by 11.6705 manats, to 2,019.702 manats per ounce on August 24 compared to the price on August 21. No prices of precious metals were set on August 22 and…
DetailsCenterra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date is the date by which all conditions precedent…
DetailsThe ABB Ability MineOptimize solution will increase the output capacity of KAZ Minerals works. ABB has won a tender to supply a complex solution to electrify and automate the new processing factory at Aktogay. This is the third major order from KAZ Minerals to ABB. The ABB order is a part of the expansion project…
DetailsThe Rusburmash Company has finished drilling to carry out prospecting works at the Kolichikanskoye deposits in the Republic of Buryatia. The start of the uranium mining is scheduled for 2020. This is the fourth deposit to be developed by Khiagda. At present the company is developing Khiagdinskoye and Istochnoye deposits, as well as carrying out…
DetailsKorshunovsky Mining and Processing Works is commissioning a new drilling rig at the Rudnogorsky mine.
The machine has been purchased under the program of capital investments.
At present the machine is being assembled.
The company has 14 days to assemble the rig, after that it will be commissioned. (Ukrainian metal)
The Central Bank of Russia has increased gold purchases to the maximum since the start of the year. In July Russia bought slightly over 26 tons of gold, increasing its gold reserves to 2170 tons valued at $77.4 billion. A larger purchase was only in November 2017. The Central Bank started increasing gold reserves in…
DetailsKarelsky Okatysh is implementing new techniques in the power sphere. The company is carrying out a major project to make all the electric substation automated. The project will run till 2021. Investments total 500 million rubles. “The project started in 2013. It was very difficult, as no Russian enterprise had such a project. We had…
DetailsIn January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…
DetailsSeverstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…
DetailsPJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…
DetailsPrime Minister Vladimir Groysman has ordered the Ministry of Finances and the Ministry of Energy and Coal Industry headed by Igor Nasalik to find additional sources of financing the state coal industry. “We need more system changes to attract investments and increase local coal output”, he said at a government meeting on August 23. He…
DetailsThe copper-smelting shop of Uralelectromed has modernized and commissioned an anode furnace No. 2 with the unification of anode removers for two types of anodes – 260 and 392 kg. In three weeks of operation the furnace has produced some 7 thousand tons of copper anodes. “With the commissioning of the second stage of the…
DetailsBeloretsk Iron and Steel Works has confirmed the correspondence of its quality management system to the requirements of the new ISO 9001:2015 version. The representatives of SGS visited the rolling, steel wire and rope, cold-rolling shops and 14 divisions of the works, inspecting the manufacturing process, the quality of documentation and speaking with the employees.…
DetailsGold output of the Chukotka Autonomous District is falling, governor Roman Kopin said in his letter to president Vladimir Putin asking for higher financing of geological exploration and better mechanisms of licensing of subsoil sites. Kopin said that the gold reserves of the unallocated subsoil reserve fund of the region stood at only 95.2 tons,…
DetailsOver 1 thousand tons of beams produced by Evraz NTMK were used to construct an agricultural complex in Voronezh region. By the end of the summer 1 thousand tons more will have been supplied to the construction site. The I-beams with the length of 10 to 13 meters are used to construct the roof of…
DetailsIn January-June the net profit of Metalloinvest totaled $870 million, up by 48.7% YoY. Revenue grew by 24.6%, to $3.779 billion, EBITDA – by 40.5%, to 1.491 billion, while net debt dropped by 6.1%. The company has refinanced its pre-export financing at $240 million due to attracting a new PXF-2018 loan. Metalloinvest has also signed…
DetailsThe Cabinet of Ministers of Ukraine has transferred 100 million UAH envisaged for the Ministry of energy and coal industry for the program of labor safety at coalmines to the program of clearing salary debts to miners. According to the ministry, in January-June state mines extracted 2.161 million tons of coal, down by 6.7% from…
DetailsThe state Roseximbank will provide a loan of over 140 million euro for the construction of Tashkent Iron and Steel Works. The bank has signed a loan agreement with Asaka and Uzpromstroybank, which are financing the project. The project envisages the development of the main manufacturing lines and infrastructure objects, the supply of machinery, training…
DetailsRussian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…
DetailsUkraine’s output of manganese ferroalloy fell by 11.9% YoY and by 7.5% MoM, to 74,950 tons in July, Ukrainian ferroalloy producers association UkrFA said. In July Ukraine produced 65,400 tons of silicomanganese, down from 66,700 tons in July 2017. Output of ferromanganese dropped to 3,700 tons from 11,000 tons and production of ferrosilicon fell to…
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