The Ministry of Finance and the State Committee of Uzbekistan on Privatization, Demonopolization and Development of Competition left the Almalyk Mining and Metallurgical Combine with full net profit for 2017. Last year the combine earned 124 billion soums of net profit. Of this money, 88.2% (state share) – 109.4 billion soums – were decided to…Details
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Tajikistan needs some $500 thousand to complete the prospecting works at the Kurgovad deposit. The deposit has large resources of alumina, the main raw material for the manufacture of aluminum. The project aims among other thing at “solving current economic and social issues of development of Tajikistan, mastering the manufacture of competitive products to replace…Details
Ural Mining and Metallurgical Company has attracted a debut syndicated loan of EUR 100 million. The loan has been provided by a pool of European banks: Raiffaisen Bank International AG, Raiffaisenbank, Rosbank and Societe Generale. The 3-year loan is structured as a classical re-export financing secured by the future supplies of copper and other export…Details
SSM-Tyazhmash has produced a steel ladle, a loading chute and a platform to transport chutes for Cherepovets Iron and Steel Works. The chute has the volume of 100 cubic meters and weighs 78.3 tons, while the platform has the length of 15.1 meters, the lifting capacity of 189 tons and weighs 51 tons itself. By…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has started a $60-million expansion of a rail wheel production at its subsidiary Evraz Nizhny Tagil Metallurgical Plant (Evraz NTMK) by 78,000 units per year, Evraz said in a statement. The company plans to launch two fully automated lines for full section manufacturing of rail wheels…Details
In September Dneprospetsstal decreased steel output by 7.9% MoM, to 19343 tons. According to the company statement, rolled metal manufacture decreased by 5.7%, to 13.229 thousand tons. In January-September steel output dropped by 2.3% YoY, to 188.151 thousand tons, and that of rolled metal – by 0.9%, to 125.588 thousand tons. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih has finished the scheduled repair of the blast furnace No. 7. According to the company statement, as a result the pig iron output increased to 16 thousand tons per day, and will have further increased to 17 thousand tons by mid-October. Investments in the repair totaled 240 million UAH. The repair started…Details
In January-September Ferrexpo Plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 7.756 million tons of pellets, up by 1.3% YoY. In 9 months the company produced 7.257 million tons of pellets with the iron content of 65% and 484.57 thousands tons with the iron content of 62%. In July-September pellets output grew by…Details
Deputy Minister of Energy and Coal Industry Anatoliy Korzun says the Cabinet of Ministers has allocated UAH 136 million ($4.8 million) in wages for the country’s miners. “The government has signed a resolution on the allocation of UAH 136 million to pay off wage arrears for miners. Now the last conciliation procedures are underway. I…Details
In January-August Russia exported 2.12 million tons of aluminum and alloys, up by 14.8% YoY. According to the Federal Customs Service, in summer the exports were steadily growing: in June Russia exported 240 thousand tons of aluminum, in July – 300 thousand tons, up by 2.8% MoM, and in August – 423.3 thousand tons, up…Details
In September direct deliveries of rolled steel to the enterprises manufacturing ferroconcrete structures as well as housing-construction companies totaled 14.2 thousand tons. According to the railroad statistics, this is down by 5.9% YoY. In January-September delivery dropped by 31.3% YoY, to 133.6 thousand tons. (Ukrainian metal)Details
Direct railroad deliveries of rolled metal to major servicing metal centers, which specialize in the manufacture of metal wares, totaled 148.7 thousand tons. According to the railroad statistics, this is down by 15.1% YoY. In 9 months deliveries grew by 1.2% YoY, to 1.7 million tons. (Ukrainian metal)Details
In September the delivery (including imports) of steel products (rolled metal and pipes) to the warehouses of the major trading companies and networks totaled 0.85 million tons. According to the railroad statistics, this is down by 14.3% YoY. In January-September deliveries reached 8.04 million tons, down by 2.5% YoY. (Ukrainian metal)Details