In February Yuzhniy Mining and Processing Works decreased concentrate output by 2.7% MoM, to 915.7 thousand tons. According to the company statement, sinter output grew by 18.2%, to 159.6 thousand tons. In January-February UGOK produced 1969.1 thousand tons of concentrate and 291 thousand tons of sinter, down by 1% and by 4% YoY respectively. In…Details
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The board of directors of Asian-Pacific Bank has approved the sale of a 9.11% stake in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. In December 2017 companies controlled by tycoon Viktor Vekselberg sold a combined stake of 22.3% in Petropavlovsk and 2020 bonds that might be converted into a 6.83% stake in the company…Details
If in the near future the gold extracting company in Toguz-Toro district does not suspend its activities, the residents will again hold a rally, the Chairman of the rural council in Atay village, Ulanbek Sheripov, declared at a press conference on March 5. According to him, all the locals oppose the work of the new…Details
Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…Details
A new steel rebars works valued at $22 million was commissioned on the basis of Caspian Steel, that had been idle for the past 6 years. Aktau Steel has already created over 150 jobs, and the number is expected to double. “Azerbaijani side invested over $22 million in the restoration of the enterprise. The capacity…Details
Since the start of the year Alchevsk Iron and Steel Works has produced over 16 thousand tons of pig iron. “Two blast furnaces are operating, and the manufacturing process is stable. 2 coking batteries have been put into operation. Sinter manufacture has been resumed. The company started shipping pig iron to customers”, said Dmitry Bozhich,…Details
In 2017 Beloretsk Iron and Steel Works received 1.004 billion rubles of net profit, up from 315.5 million rubles. In Q4 2017 BMK registered 240 million rubles of net losses, while in Q3 2017 – 424 million rubles of profit. Last year the company sold 23.932 billion rubles worth of metal, up by 2% YoY.…Details
Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev
The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…Details
In February Russian Railroads transported 99.8 million tons of cargo, up by 3.9% YoY. According to the company press-service, in January-February the throughput grew by 3.7%, to 203.3 million tons. In particular, in 2 months RZhD transported 60.8 million tons of coal, up by 1.1%, 12.6 million tons of ferrous metals, up by 10.3%, and…Details
In 2017 Vyksa Iron and Steel Works produced over 2 million tons of pipes, up by 15%. Large diameter pipes manufacture grew by 16%, to 930 thousand tons, small and medium diameter pipes – by 14%, to 1.1 million tons. Hot-rolled coils output reached a record of 1.29 million tons, up by 4%. Sheets manufacture…Details
The physical volume of deals with gold on the Moscow Exchange fell by 5.3% YoY, to 5.3 tons in January-February, the exchange said in a statement. The amount of deals with silver surged to 2,461 kilograms in the period from 140 kilograms in the same period of 2017. In monetary terms, gold and silver deals…Details
Moscow shares the concern of European states about introduction of steel and aluminum duties by the U.S., presidential spokesman Dmitry Peskov declared. U.S. President Donald Trump said at a meeting with CEOs of metals producing companies that the country would introduce a 25% steel imports duty and a 10% aluminum duty for a long time.…Details
The Tajik aluminum plant will stop working for two years in connection with the construction of a new joint Tajik-Chinese aluminum enterprise. This was stated by head of the Information and Public Relations Department of SUE Tajik Aluminum Company (TALCO) Igor Sattarov. Negotiations on the construction of a new plant, which are being conducted on…Details
Metinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…Details
The state enterprise Selidovugol miners, who went on a hunger strike at the premises of the Ministry of energy and coal industry on February 21, stopped the strike. “We hope that the state enterprise gets the promised 10 million UAH to clear salary debts”, the Independent Miners Union chairman Mikhail Volynets wrote on his Facebook…Details
Alfa-bank has provided Evraz with the loan of $300 million. The loan has been given for 5 years, according to the bank statement. “The borrowed funds were used to clear existing debts”, the bank noted. The interest rate is not disclosed. (Ukrainian metal)Details
“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…Details