Russian metals giant Norilsk Nickel plans to invest over $12 billion in production development over the next five years, CEO Vladimir Potanin said. “We are now implementing quite an unprecedented investment program: we are investing over $12 billion in development of production over the next five years. And what is important for many years we…Details
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On December 10 rating agency S&P Global Ratings assigned the PJSC Magnitogorsk Iron & Steel Works’ (MMK) “BBB-/A-3” long- and short-term issuer credit ratings with Stable Outlook. In a press release S&P notes that its assessment of MMK’s creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales,…Details
Sudan intends to allocate Belarus the second plot for gold mining near the Nile, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared ahead of the Belarusian-Sudanese summit talks in Minsk. “The site is located closer to the Nile River, and, according to the preliminary estimates, might be gold-bearing especially given the close proximity…Details
The state enterprise Selidovugol has ordered the Trading House Contract-Energo LLC a cutter-loader valued at 57.2 million UAH. Until September 2019 the company has to deliver an MV410 cutter-loader to the Kotlyarevskaya mine. The company will supply T Machinery A.S. (the Czech Republic) loader. The price of the agreement is 5% below the expected cost…Details
In January-November Ukraine increased revenue from the export of ferrous metals by 17% YoY, to $9.178 billion. Its share in the overall exports reached 21.22%. According to the State Fiscal Service, metal wares exports grew by 28%, to $1.024 billion (2.37%). At the same time Ukraine imported $1.3 billion worth of ferrous metals and $886.5…Details
In January-November Susumanzoloto extracted 5603.4 kg of gold with the plan being 5257 kg. The group enterprises are developing ore and alluvial gold sites in Magadan region and the Republic of Sakha (Yakutia). In particular, Drazhnik LLC yielded 1803.6 kg of gold, Chay-Urya zoloto LLC – 852.1 kg, Itkana LLC – 560.1 kg, Astra LLC…Details
Tikhvin Ferroalloys Works, a part of Yildirim Group, has transferred the exclusive rights to sell high-carbon ferrochromium in Russia to Klyuchevsky Ferroalloys Works, a part of MidUral Group. The high-grade ferrochromium is sold not only in Russia, but is also exported to Europe, USA, Japan and China. The new contract is an important step in…Details
On November 30 – December 6 the metal price index in Central region dropped by 2.17 points (or by 0.37%), to 587.65. Prices grew for hot-rolled sheet (by 0.39%) and for cold-rolled metal (by 0.26%). Rebars showed the most drop – by 1.71%, followed by beams (1.1%). Flat galvanized rolled metal lost 0.88% in price,…Details
In January-November Ukraine exported 320 thousand tons of scrap, down by 28.6% YoY. In November exports amounted to 3.8 thousand tons. At the same time deliveries of scrap to local metal plants grew by 17.4%, to 3.04 million tons in 11 months. (Ukrainian metal)Details
This year ArcelorMittal Kriviy Rih has started a program on large-scale repair of buildings and structures. According to the company press-service, the program will last for 3 years – 2018-2020. This year 265 million UAH have been invested in the program. Next year the expenses will amount to 165 million UAH, and during 3 years…Details
In January-November Ukraine mined 30.687 million tons of coal, down by 4.6% YoY. According to the Ministry of Energy and Coal Industry, coking coal output dropped by 14.2%, to 5.321 million tons, and power-generating coal by 2.3%, to 25.151 million tons. In November coal mining fell by 9.7% YoY, to 2.785 million tons. In 11…Details
Energomashspetsstal will produce 15 rotor rolls for wind plants with the capacity of 4.5 mW for Furlander Windtechnologie. “15 wind plants will be constructed near the city of Kramatorsk by Furlander Windtechnologie. The construction will last for 3 years”, the company said. The total weight of rolls will be 415.5 tons. They are scheduled to…Details
Precious metal prices increased in Azerbaijan on December 10, according to the Central Bank. The price of gold grew by 15.521 manats, to 2,123.6145 manats per ounce on December 10 compared to the price on December 7. The price of silver went up by 0.1844 manats, to 24.8128 manats per ounce. The price of palladium…Details