In January Chukotka Autonomous District mined 44 thousand tons of coal, down almost 2-fold YoY. Beringpromugol LLC and Shakta Ugolnaya are developing coal deposits in the region. Thus, Beringpromugol mined 28 thousand tons of coal, down by 46%, while Shakta Ugolnaya – 16 thousand tons, down by 50%. Last year coal output increased by 76%,…Details
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Norilsk Nickel mines will receive 105 units of machinery this year. In particular, Oktyabrskiy mine will get 36 machines, Taymyrskiy – 31, Komsomolskiy – 30, Mayak – 7 and Kayerkanskiy – 1. Some machines have already been delivered. Thus Oktyabrskiy now has a new Caterpillar R 1700. Another machine will soon be delivered. The mine…Details
Chusovoy Iron and Steel Works, a part of OMK, has started supplying car springs to Ford Sollers. The company has already shipped two batches of springs with the combined number of 800 pieces. “The preliminary work with Ford Sollers has lasted for several years. And this delivery is very important for us. The first two…Details
In 2018 coal output in Ukraine dropped by 10% YoY. According to the Ministry of energy and coal industry, in particular power-generating coal mining went up by 4.9%, to 27.48 million tons. At the same time the output of coking coal decreased by 14.6%, to 58.1 million tons. (Ukrainian metal)Details
In 2018 Severstal net profit grew 1.5-fold, to $2.051 billion. Revenue increased by 9.3%, to $8.58 billion due to the favorable price situation and sales growth by 2%. EBITDA went up by 21.9%, to $3.142 billion. Capital investments increased by 16.4%, to $688 million. (Ukrainian metal)Details
In 2018 Interpipe increased sales of pipes and railroad products by 11.7% YoY, to 857 thousand tons. The share of exports was 72%, while that of the domestic market grew from 25% to 28%. Pipe sales increased by 12%, to 668 thousand tons. Deliveries to local market went up by 22%, to 179 thousand tons.…Details
Metinvest has confirmed the certificate of the SAP client expertise center at the level of Advanced. “The new certificate shows that we’re using the best world practices and standards in the field of IT-systems”, the company said. In January Metinvest completed the relocation of its SAP system to the cloud platform and became the first…Details
In January Ingulets Mining and Processing Works increased iron ore concentrate output by 0.7% YoY, to 956.2 thousand tons. The iron content was 66.07%. The manufacturing plan has been 101.5% fulfilled. The enterprise mined 2.493 million tons of ore. In 2018 InGOK produced 10.923 million tons of iron ore concentrate, up by 6.5% YoY. (Ukrainian…Details
Gold, silver and platinum prices decreased in Azerbaijan on February 12. The price of gold dropped by 4.4115 manats, to 2,224.382 manats per ounce compared to the price on February 11. The price of silver fell by 0.0396 manats, to 26.7562 manats per ounce. The price of platinum went down by 8.908 manats to 1,340.348…Details
The board of directors of Polymetal International plc has approved of the Amur Iron and Steel Works-2 project and allowed the construction. The second line of the Amur Works autoclave department (Amur-2) will considerably increase the company ore reserves, amounting to some 55% of the overall reserves. The manufacture is expected to increase by 30-35…Details
Aleksandrinskaya Mining Company has won the right to develop the Salavatsky copper ore site in the Republic of Bashkortostan. The size of the site is 2.09 square km. The reserves are estimated at 208.7 million tons of ore and 992.6 thousand tons of copper with the average content of 0.48%. The company has to start…Details
In 2018 Karabashmed produced 139.2 thousand tons of raw copper, up by 12.5% YoY. Copper content was 99.2% with the target of 98.9%. Kyshtym Electrolytic Copper Plant produced 139.3 thousand tons of copper cathodes, up by 8%. In Q1 2018 the company commissioned two new rows of 40 electrolytic baths each, bringing the shop capacity…Details
In 2018 Izhstal exported 56 thousand tons of metal, up 1.5-fold YoY. In particular, exports to far foreign countries grew more than 3-fold, to 28 thousand tons, and to CIS – by 4%, to 28 thousand tons. Belarus is one of the priority export markets, accounting for 30% – last year Izhstal exported 17 thousand…Details