Thanks to the energy bridge the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, has resumed the full cycle production at Alchevsk Iron and Steel Works. AMK now produces almost the entire range of its goods, including slabs. Rolled metal output reaches 70 thousand sheets per month, and slabs – also…Details
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A fire at the Yerunakovskaya-8 mine of coal producer Raspadskaya in Kemerovo region has been liquidated, there have been no injuries, a source in the region’s emergency services reported on June 18. The source said earlier that all 114 miners were evacuated. Under preliminary data, the fire was caused by a short circuit in the…Details
PJSC Magnitogorsk Iron and Steel Works Extraordinary General Meeting of shareholders was held on June 13 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.801 rubles (including tax) per share for the first quarter of 2018. The dividend will be paid in cash by bank transfer…Details
Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits. Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015. JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore…Details
As of June 1, Priisk Solovievskiy has mined 656 kg of gold on the territory of Amur region. According to deputy CEO on economic issues Victor Sizhuk, the goal was 113.9% fulfilled. Solovievskiy mine provided the main volume of output. The mine operates all the year round. Alluvial sites are developed from May to October.…Details
Izhstal has capitally repairs a finishing line of the Xetran bar mill. The line is used to turn, polish and burnish hot-rolled metal. All the process is automated. Izhstal operates two more finishing lines made by Kieserling. The combined output of the lines is 35 thousand tons per year. (Ukrainian metal)Details
Uralmashzavod has successfully finished the main tests of one the largest winder machines on the world market, which can lift 50 tons of ore from the depth of 1300 meters. Gaysky Mining and Processing Works will be the first buyer. The construction of the machine began last year. Uralmashzavod is the only producer of winders…Details
In January-May Ukraine mined 13.9 million tons of coal, up by 0.2% YoY. According to the Ministry of energy and coal industry, state mines provided for 1.85 million tons of coal, up by 7.6% YoY. Power-generating coal output last year dropped by 14.6% YoY, to 34.916 million tons. (Ukrainian metal)Details
In January-May Ukrainian metal companies increased electricity consumption by 10% YoY, to 4.93 billion kW-h. In May natural gas consumption remained on the April level – 140 million cubic meters. In January-May 790 million cubic meters of gas were consumed. (Ukrainian metal)Details
In January-May Ukraine produced 25.22 million tons of iron ore concentrate, down by 1% YoY. In particular, sinter output increased by 22%, to 13.69 million tons, and pellets – by 12%, to 8.81 million tons. In May deliveries of iron ore raw materials to Ukrainian companies grew by 1% MoM, to 2.56 million tons. Iron…Details
In May 368 thousand tons of scrap were procured in Ukraine, up by 14% MoM. Of this 333 thousand tons were imported, up by 35% MoM. Scrap exports dropped to the 46% of the April volume, to 35 thousand tons. In January-May scrap procurement grew by 10%, to 1.561 million tons, with 1.31 million tons…Details
Metalloinvest will pay 18.999 billion rubles of dividends for 2017. The corresponding decision has been taken at the general meeting of the shareholders taking into account the net debt/EBITDA ratio of 1.9x Last year Metalloinvest net profit increased by 21.9% YoY, to $1.406 billion, with revenue up by 46.2%, to $6.231 billion and EBITDA by…Details
In July Ukraine intends to produce 1.8 million tons of steel and pig iron each, as well as 1.6 million tons of rolled metal. According to Ukrmetallurgprom, as of June 12, 20 of the 21 blast furnaces, 8 out of 9 open-hearth furnaces, 13 out of 16 converters, 7 out of 15 electric arc furnaces…Details