In January-September Polymetal Int. produced 801 thousand ounces of gold, up by 6%, 19.4 million ounces of silver, down by 4%, 2.5 thousand tons of copper (+33%) and 4.3 thousand tons of zinc (+20%). The overall output of gold equivalent was 1066 thousand ounces, up by 4%. Ore processing grew by 14%, to 11.4 million…Details
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In January-September Kapan Mining and Processing Works, a part of Polymetal International plc, processed 470 thousand tons of ore as opposed to 389 thousand tons in 9 months of 2017. In Q3 ore processing volumes totaled 158 thousand tons against 143 thousand tons. Ore output in Q3 was 159 thousand tons (136 thousand tons in…Details
In January-September MMK produced 7.301 million tons of pig iron and 9.552 million tons of steel, down by 2.8% and by 0.2% YoY respectively. Metal products output grew by 0.6%, to 8.599 million tons. Bars accounted for 1.372 million tons, up by 0.3%, hot-rolled sheets – 3.92 million tons, up by 3.2%, and cold-rolled sheets…Details
According to the Federal Service of State Statistics, in January-September Russia produced 38.9 million tons of pig iron, up by 0.4% YoY. In September manufacture dropped by 2.2% YoY and by 4% MoM. Rolled metal output increased by 2.5%, to 46.3 million tons. In September production fell by 3.1% MoM and by 0.2% YoY. Pipe…Details
Corum has produced a KA200 shearer for the Mine named after Space Heroes of DTEK Pavlogradugol. The Space Heroes miners intend to extract some 2750 tons of coal per day. To decrease coal losses, Corum machine-builders have additionally equipped the shearer with rake-in devices and Lechler multi-injectors. Corum has also repaired a scrapper machine. (Ukrainian…Details
In January-September Chelyabinsk Iron and Steel Works received 4.1 billion rubles of net profit, up 2.4-fold YoY. Revenue grew by 7.6%, to 94.5 billion rubles. The company accounts payable dropped from 21.8 billion rubles in early 2018 to 16.8 billion rubles at the end of Q3. Accounts receivable also decreased – from 27.8 billion rubles…Details
Next week Prime Minister Vladimir Groysman intends to host a meeting on the salary debts to state miners and other debts in the industry. According to him, the problem of the profitless operation of state coal industry is systematic, and the government has to provide 2.5 billion UAH of subsidies for coal miners in the…Details
The JSC Ukrtransnafta following the tenders has concluded 7 agreements on the delivery of welded pipes worth 566.89 million UAH. Interpipe Ukraine LLC has received the most orders – for 362.15 million UAH. The company will supply pipes produced by Interpipe NTZ according to GOST 20295-85 at 7989-7991 UAH per meter. The Trading House Truboizolkomplekt…Details
The deliveries of the domestic scrap to metal companies in September grew by 3% MoM, to 276 thousand tons. At the same time exports dropped by 60%, to 8 thousand tons. In September scrap-procuring companies collected 284 thousand tons of scrap, up by 3% MoM. In January-September of 2.74 million tons of procured scrap (up…Details
Prices of gold, silver and platinum decreased in Azerbaijan on October 17, according to the data published by the Central Bank. The price of gold dropped by 6.8085 manats, to 2,077.4085 manats per ounce on October 17 compared to the price on October 16. The price of silver fell by 0.0783 manats, to 24.8617 manats…Details
In September railroad deliveries of Ural Steel LLC metal totaled 98.1 thousand tons, up by 4.4% YoY. According to the railroad statistics, in 9 months sales reached 987 thousand tons, up by 20.9 YoY. Deliveries to Russian customers grew by 20.4% YoY, to 891 thousand tons, and exports – by 25.2%, to 96 thousand tons.…Details
In September railroad sales of rolled metal from Oskol Electrometallurgical Works totaled 281.8 thousand tons, up by 3.3% YoY. According to the railroad statistics, in 9 months sales reached 2.3 million tons, up by 1% YoY. Deliveries to Russian customers fell by 24.8% YoY, to 438.6 thousand tons, while exports grew by 9.8%, to 1.87…Details
In September direct railroad deliveries of ferrous scrap to MMK grew by 11% YoY, to 258.7 thousand tons. According to the railroad statistics, in 9 months deliveries totaled 1.36 million tons, up by 3.6%. Since 2012 MMK has been the leader in scrap purchases via railroad. (Ukrainian metal)Details