Polyus reports that the capacity of Natalkinskaya gold-extracting factory has reached 80% of its project level of 10 million tons of ore per year. Since the start of the year Natalka has produced over 40 thousand ounces of gold. When the factory reaches its project capacity it will produce some 450 thousand ounces of gold…Details
Within the Freeport of Vladivostok project, Primorzoloto plans to construct a gold-extracting factory.
Investor intends to construct two quarries.
Gold-bearing ore will be delivered to the factory with the capacity of 500 thousand tons of ore per year.
It is expected to obtain 64.5 tons of gold under the project. (Ukrainian metal)
With the commissioning of the new 10-38 mill in late 2017, Brok-Invest-Service intends to increase cold-rolled pipes output from 2.9 thousand tons to 3.5 thousand tons per month. The increase in output and sales is being planned despite the difficult situation on the Russian welded pipes market. The current capacities considerably exceed demand, and prices…Details
Severstal was one of the first Russian companies to confirm the correspondence of its quality management system to the IATF 16949 standard. The DQS experts have checked Cherepovets Iron and Steel Works facilities. “The presence of the certified quality system is a must in relations with automobile manufacturers both in Russia and abroad”, Severstal Russian…Details
Russia: Global Metals Awards jury applauds NLMK Group management success with Strategy 2017 execution
The judges of the prestigious S&P Global Platts Global Metals Awards applauded the role that NLMK Group’s top management team played in the success of Strategy 2017 and recognized Oleg Bagrin, member of the Board of Directors, who presided over the company from 2012 to March 2018 and was the architect of its previous five-year…Details
TNC Kazchrome JSC, the world’s largest producer of high carbon ferrochrome, has output records in chrome ore and ferroalloys. “We are impressed with the 2017 achievements because we managed to produce record volumes of both chromium ore and ferroalloys. Kazchrome is one of the most efficient producers of ferrochrome on the global cost curve and…Details
The Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…Details
The prices of main precious metals increased in Azerbaijan on May 22, according to the data published by the Central Bank. The cost of gold increased by 1.8105 manats, to 2191.5635 manats per ounce compared to the price on May 21. The price of silver increased by 0.1365 manats, to 27.9847 manats per ounce. The…Details
Belorucheyskoye Mine Group, managed by Karelsky Okatysh, has started a new navigation and manufacturing season. “In 2018 we plan to mine 2.423 million tons of rock and produce 1.374 million tons of limestone, as well as renovate our quarry machinery park. We will buy a 45-ton BelAZ, a bulldozer and an autograder”, the mine group…Details
The Safyanovskaya Med mine, a part of UGMK, has mined the 1-millionth ton of copper ore. The development of the deposits started in 1992 as an open-pit mining; and is bound to be completed in 2020. In 2010 the construction of the underground mine began. So far the miners have reached the level of 500…Details
In 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…Details
Russia, which controls its own terrorist organization of the Donetsk People’s Republic, has started restoring machinery at Yenakievo Iron and Steel Works, burned down by the militants in early April. “The rare and expensive machinery is slowly being restored, the manufacturing process is going on. Thanks to the Russian specialists and enormous sums of money…Details
Shareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…Details
In April metal companies consumed 140 million cubic meters of natural gas, down by 18% MoM. In January-April gas consumption totaled 650 million cubic meters, down by 2% YoY, taking into account operation of assets on non-controlled territory in January-February 2017, or up by 9% without them. Electric energy consumption in 4 months reached 4…Details
In January-April Ukraine exported 216 thousand tons of scrap, or 354% as compared to the same period of the previous year. In 4 months Ukraine procured 1.16 million tons of scrap, up by 10%. 944 thousand tons were supplied to the metal companies, down by 5%. The level of provision of metal companies with scrap…Details
The state enterprise Lvivugol has signed an agreement with Gelikon Company LLC on the delivery of flight chain valued at 3.2 million UAH. The state enterprise also purchased some spare parts for conveyor belts valued at 1.9 million UAH from the same company. The length of the chain is 1600 m, with the size of…Details
In January-March Vysochaishiy received 3.207 billion rubles of revenue, up by 52% YoY.
Sales profit reached 1.419 billion rubles, up 2-fold YoY. Net profit increased by 41%, to 1.005 billion rubles.
As of March 31, the company accounts receivable totaled 1.132 billion rubles. (Ukrainian metal)
In January-March Zabaikalye region mined 18322 tons of lead and 10935 tons of zinc, up by 1.6% and by 21.7% YoY respectively. Two companies mine for lead and zinc ores in the region – Novo-Shirokinsky Mine and Baikalrud LLC. Last year the former produced 3976 tons of lead and 6718 tons of zinc, while the…Details
In January-April Polyus Aldan, operating in the Aldan district of the Republic of Sakha (Yakutia), mined 2 tons of gold, up by 157 kg YoY. The company has overfulfilled its own target by 134 kg. In Q1 gold output increased by 13% YoY, to 46.5 thousand ounces. Last year the company mined 171.5 thousand ounces…Details
Since the start of the year Kanchalan-Amguem Area LLC (KAP) has extracted 50.2 kg of gold at the Gorny site in Chukotka. Silver output totaled 225 kg. By the end of Q2 the company intends to have mined 505 kg of gold. The company started operating at the site in January. Its resources are estimated…Details
Since the start of the year Russky Ugol (Russian Coal) has increased coal output in Krasnoyarsk region by 13% YoY, to 350 thousand tons, at the Sayano-Partizansky pit alone. By the end of the year the output will have increased by 20%. In Q1 75% of all coal mined was exported. Last year the company…Details
In January-March VSMPO-Avisma received 18.033 billion rubles of revenue, up by 1% YoY.
Net profit dropped by 20%, to 4.069 billion rubles, mostly because of the strengthening of the Russian ruble exchange rate as to Q1 2017.
Last year the group net profit decreased 2-fold YoY, to 12.8 billion rubles. (Ukrainian metal)
Kuzbassrazrezugol intends to construct 2 processing factories – at the Bachatskiy and Krasnobrodksy open pits. According to UGMK-Holding LLC CEO Andrei Kozitsyn, the project will start after 2020, when the processing factory at the Taldinsky open pit is commissioned. “Thus we will be processing all the coal we mine. In 4 years we will be…Details
NLMK will construct another continuous-casting machine to replace the one, operating since 1976. SMS group will supply all the necessary machinery. The capacity of the new CCM will be 2 million tons per year. The new machine will allow NLMK producing billets with the thickness of 400 mm and width of 2800 mm. The CCM…Details
The prices of main precious metals decreased in Azerbaijan on May 21, according to the data published by the Central Bank. The cost of gold decreased by 6.8755 manats, to 2189.753 manats per troy ounce compared to the price on May 18. The cost of silver decreased by 0.0497 manats, to 27.8482 manats per ounce.…Details
ArcelorMittal Kriviy Rih railroad shop resumed operation after a 3-day strike. According to the union, the management agreed to increase the wages to the railroad employees: to 18 thousand UAH to locomotive drivers, 15 thousand UAH to their assistants and 14 thousand UAH to shunters. At the same time, employees of the mining department railroad…Details