In 2017 Vysochaishiy received $85 million of net profit, down by 3.4% YoY. EBITDA grew by 17.4%, to $128 million. Revenue totaled $271 million, up by 32.8%, including $261 million from the gold sales, up by 27.9%. Last year the company sold 218 thousand ounces of gold, up by 33.7%. The average price increased by…Details
Agarak Copper-Molybdenum Works intends in short-term to increase capacity, in particular, of its processing factory from 3.5 million tons to 4.1-4.5 million tons of ore per year. In the long-term the company plans to reach 6 million tons of ore processing per year. Last year the company purchased 13 MT-86 dump trucks, a SD-32 bulldozer…Details
Polymetal Int intends to become the sole owner of the Prognoz silver deposits in the Republic of Sakha (Yakutia) by purchasing another 50% in the project. According to Polymetal chief executive director Vitaly Nesis, the deal could be struck in Q2. On April 13 the company announced the finalization of the deal to buy 45%…Details
Novgorodsky Iron and Steel Works has put into operation a new Diemme filter-press within the modernization program of the slurry site of the copper electrolysis shop hydrometallurgical department.
The machinery allowed automating the process of electrolyte purification of slurry.
The cost of the new machinery is some 6 million rubles. (Ukrainian metal)
Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works.
This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders.
In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)
In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…Details
The U.S. can lift sanctions against Russian aluminum producer UC RUSAL if businessman Oleg Deripaska cedes the control, according to documents of the Office of Foreign Assets Control (OFAC). The Treasury Department also prolonged a term for U.S. citizens and companies to terminate all contracts and finish the cooperation with RUSAL until October 23 from…Details
Following the US sanctions, as early as in June Rusal could decrease the number of its employees at Bratsk and Irkutsk Aluminum Works by 10-15%. This will happen if the company fails to sell in China all the aluminum previously exported to other destinations. The main sales markets for Rusal are EU (45%), while US,…Details
In 2017 Poltava Mining and Processing Works received the consolidated net profit of 4.27 billion UAH as opposed to the consolidated net loss of 40.44 million UAH in 2016. According to the company statement, its EBITDA last year grew 16-fold, to 6.04 billion UAH from 377.42 million UAH in 2016. The net income increased by…Details
The government of Ukraine and Eurocommission have started negotiating the non-inclusion of Ukraine into the list of countries as to which the EU could impose limitations on metal products supplies. “We have spoken of the special protective investigation on the import of metal. That’s some 26 items”, deputy minister of economic development and trade, trade…Details
In 2017 Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025 the company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the…Details
The state enterprise Yuzhnodonbasskoye Mine Group No. 1 has cancelled the offers of Erlight LLC and Alfa NT LLC, having cancelled the purchase of conveyer belts with the expected value of 9.25 million UAH. On January 17 the Mine Group announced the purchase of 3 thousand meters of conveyer belts and 3 complexes to operate…Details
The state enterprise Toretskugol has ordered Donenergoexport LLC the delivery of 160 tons of inert dust valued at 637.44 thousand UAH. The seller will supply dust on the basis of CPT. The cost of 1 ton of inert dust is 3984 UAH with VAT, up by 13% from the price of 3510 UAH per ton,…Details
Energomashspetsstal will produce supporting rolls for three ArcelorMittal iron and steel works in France. The company has already started working on the order. In particular, EMSS will supply rolls to AM Atlantique et Lorraine Dunkerque, AМ Atlantique et Lorraine – Florange CSM and AМ Fos-sur-Mer. The combined weight of the order is 282 tons. The…Details
In January-March Kamchatka obtained 1.73 thousand tons of nickel, down by 15% YoY. The only enterprise to mine for nickel in the region was the research company “Geotechologia”. It is developing the Shanuch copper-nickel deposits. This year it intends to mine some 9.5 thousand tons of nickel, up by 36% YoY. Last year the output…Details
In January-March Serebro Magadana (a part of Polymetal) mined 381 kg of gold and 170 tons of silver. Omsuckchanskaya factory processing grew by 2%, to 484 thousand tons of ore. Gold output increased by 25% YoY, while that of silver remained on the previous year level. The growth of gold output has to do with…Details
In January-March Buryatia obtained 0.86 tons of gold, up by 21.5% YoY, Zapadnaya artel LLC (Zapadnaya Mining) operated at the Kedrovoe deposits, and Buryatzoloto (a part of Nordgold) at the Irokinda and Kholbinsky mines. This year Buryatzoloto intends to invest 607 million rubles in drilling at its mines. Balance reserves of the deposits are estimated…Details
Bystrinsky Mining and Processing Works has shipped the first batch of products – 1.5 thousand tons of copper concentrate – to China. By the end of the month 3 thousand tons more will be shipped. Bystrinsky GOK was constructed by Nornickel in 2017 in the hard-to-reach part of Zabaykalye region, and is now being commissioned.…Details
Kola Iron and Steel Company has started constructing a gallery to transport coal from the site of its processing directly to the pelletizing department. At present the company transports this coal with the help of automobiles, which incurs some risks and demands considerable expenses. The length of the conveyer will be 150 meters. The project…Details
Beloretsk Iron and Steel Works has successfully tested a new type of excavator steel rope with polymer coating. The tests have been carried out under the project to produce multi-strand steel ropes (8-12 strands) with the diameter of up to 90 mm, including with polymer coating. These ropes will replace imported analogues in mining, oil…Details
Zaporizhstal has used innovation techniques during the capital repairs of its blast furnace No. 3. According to the company CEO Rostislav Shurma, Mammoet (the Netherlands) has greatly helped in the process. The Dutch delegation visited Zaporizhstal on April 20 to get to know the environment modernization of the plant. In particular, the semi-knock down assembly…Details
Dutch metal processing company Focus Fabrication Group plans to build a 3,800 square meter metal processing plant in the port of Klaipeda by the middle of 2019.
The plant would produce various pipe constructions by processing 10,400 kilograms of metal a day.
Exports would mainly go to Western European oil and gas companies. (BNN/Ukrainian metal)
After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs. Last week Liepaja City Council chairman Uldis Sesks refrained from commenting the matter…Details
Last week, the price of one ounce of gold in Azerbaijan decreased by 6.2985 manats or by 0.28%, to 2.287.6696 manats. The price of one ounce of silver increased by 0.9188 manats or by 3.25%, to 28.73116 manats. The price of one ounce of platinum increased by 12.223 manats or by 0.77%, to 1592.6722 manats…Details
Norway’s aluminum maker Norsk Hydro may declared force majeure on some contracts with Russian aluminum giant UC RUSAL recently hit by U.S. sanctions, Norsk Hydro said in a statement. The company has notified RUSAL “it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations…Details
The state enterprises Selidovugol and Mirnogradugol have ordered the Donenergoexport LLC the delivery of mine sections at 4.2 million UAH and 3.87 million UAH respectively. In particular, Selidovugol ordered 105 tons of SVP-27 sections at 40 thousand UAH per ton, and Mirnogradugol – 100 tons at 38.76 UAH per ton. Had Selidovugol reached the Mirnogradugol…Details