In January-September, Interpipe EBITDA amounted to $216.394 million, up by 8% YoY. Revenue dropped by 23%, to $660 million, and capital investments – by 34%, to $27 million. Net debt amounted to $12 million. In Q3, revenue decreased by 12% QoQ, to $192 million, while EBITDA grew by 7%, to $67 million, and capital investments…Details
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In 2020, Russia registered 110 new deposits with combined gold reserves of 145.39 tons. Moreover, one large platinum deposit with reserves of 10 tons was discovered – Konder in Khabarovsk region. Alluvial gold accounts for the most part of new deposits – 95 with the reserves of 28.629 tons. 13 ore gold deposits contain 113.935…Details
Mariupol Ilyich Iron and Steel Works has just finished one of the largest environment projects in the history of the independent Ukraine – the reconstruction of the sintering factory with investments at the level of over $160 million. The reconstruction lasted for more than 7 years. The Mariupol Ilyich sinter factory is one of the…Details
The new DSP-70 complex in the Energomashspetsstal electric arc shop has carried out its 7000th smelting. The complex was commissioned in 2012. This was the last stage of the 7-year program to modernize the works. Investments in 2005-2012 exceeded $300 million. The maximum weight of an ingot produced at EMSS is 415 tons. (Ukrainian metal)Details
This year Zaporizhstal has mastered the manufacture of 8 new types of hot- and cold-rolled metal. “Next year we intend to start producing 7 more”, the company CEO Alexander Mironenko has said. In particular, Zaporizhstal has mastered the manufacture of DC01 cold-rolled coils for Marcegaglia with full correspondence to European quality standards. (Ukrainian metal)Details
On December 4-11, metal companies increased purchasing prices of scrap by 950 UAH per ton, to 6900 UAH per ton. The increase is driven by a growth of raw materials prices and improvement of the global market situation. Scrap deliveries last week amounted to 68.6 thousand tons as opposed to 64.9 thousand tons a week…Details
In January-November, Amur region extracted 22349.1 kg of gold, down by 7.9% YoY. Ore gold accounted for 14030.2 kg and alluvial – 8318.9 kg. The decrease was mostly due to a drop of production at Petropavlovsk enterprises: by 11% of ore gold and by 2% of alluvial. At the same time, it was Petropavlovsk, which…Details
In November, Ukraine decreased ferroalloys exports by 9.5% YoY, to 42.7 thousand tons valued at $43.04 million, down by 22.4%. According to the State Customs Service, in 11 months, 578.3 thousand tons were exported valued at $611.3 million, down by 25.4% and by 28.3% YoY respectively. The share of ferroalloys in foreign trade turnover amounted…Details
In January-November, Mariupol Ilyich Iron and Steel Works increased rolled metal output by 9.8% YoY, to 3.34 million tons. Steel manufacture grew by 12.9%, to 3.7 million tons, pig iron – by 5.2%, to 4.32 million tons, and sinter – by 12.6%, to 11.28 million tons. In November, the company produced 330 thousand tons of…Details
Under a long-term contract, Interpipe has started supplying linear pipes to the Abu-Dabi National Oil Company. So far, 26 thousand tons of pipes have been shipped. The pipes will be used to transport oil with high hydrogen sulfide content in the UAE. The order has been fulfilled according to all ADNOC specifications, which are stricter…Details
Owner of 50% of shares of the manufacturing enterprise Stalkanat-Silur Vladimir Nemirovskiy has transferred all his shares to his son David born in 2002. Thus, the share of Nemirovskiy Sr decreased from 50.0001% to zero, while that of Nemirovskiy Jr grew from zero to 50.0001%. The first half of his shares Vladimir Nemirovskiy sold on…Details
The sheet-rolling shop-1700 of Mariupol Ilyich Iron and Steel Works is finishing another stage of reconstruction. In particularly, a new hydraulic winder for 32-ton hot-rolled coils has been assembled. Investments in the project exceeded $30 million. The machine has the winding speed of 20 meters per second and the capacity of 2.5 million tons of…Details
Orsu Metals has extracted its first gold at the Sergeyevskoye deposit in Zabaikalye region. Reserves are estimated at 25.09 million tons of ore with gold contents of over 1 million ounces. In September, the company extracted 102,583 tons of ore. Over 40 thousand tons were sent to a gold-extracting factory, which produced 38.2 kg of…Details