In January, Russia imported 8 thousand tons of copper scrap and wastes, down by 14% MoM, but up 3-fold YoY. Price remained unchanged at $5.3 per kg. Deliveries from Germany dropped by 24%, to 1.1 thousand tons, and from the Netherlands from 3 thousand tons to 1.5 thousand tons. In 2019 imports totaled 57.6 thousand…Details
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New manufacturing premises of a metal structures works will be built in Novo-Peredelkino, Moscow region until 2024. Satra-SG will carry out construction on the territory of 0.7 ha. The size of the premises will be 10.5 thousand square meters. Some 75 jobs will be created. Investments in the project will amount to 95 million rubles.…Details
Uchaly Mining and Processing Works is constructing the second stage of the industrial water treatment facilities. Over 376 million rubles have already been spent on the project. The facilities will be able to treat up to 25 thousand cubic meters of mine water per day. The full cost of the project, expected to end in…Details
Evraz NTMK has for the first time produced 400 tons of unique 20P channel with high impact strength at the temperature of minus 60 degrees C. This is the only company in Russia capable of producing such channels. The channel will be used in the construction of a wintering complex at the Russian Antarctic station…Details
Turkey’s export of steel to Kazakhstan from January through February made up $2.4 million, up by 5.2% YoY, Turkey’s Ministry of Trade reported. Export of steel to Kazakhstan in February increased to $1.5 million, by 7.7%. (Trend/Ukrainian metal)Details
In 2019, Industrial and Metallurgical Holding (PMH) increased net profit by 372% YoY, to 6.1 billion rubles due to exchange rate differences. Revenue dropped by 3%, to 86.8 billion rubles, mostly because of the decrease of pig iron and coke products prices, as well as a fall in coal output. Gross profit decreased by 15%.…Details
Centerra Gold Inc. (the share of Kyrgyzstan is 26.4%) announced payment of dividends for the first time since the second half of 2016, website of Kyrgyzaltyn OJSC said. Dividends will amount to 0.04 Canadian dollars per common share. The total amount of dividends is 11.75 million Canadian dollars, or $8.2 million at the current exchange…Details
In February, Kuzbass yielded 17.1 million tons of coal. 10.1 million tons accounted for pits (12.5 million tons in February 2019) and 7 million for mines (6.5 million tons). Coking coal accounted for 6.5 million tons (5.9 million tons) and power-generating coal – 10.6 million tons (13.1 million tons). Factories processed 10.3 million tons (9.9…Details
Yuzhkuzbassugol of Raspadskaya Coal Company has received its first Komatsu D115A bulldozer. The new machine will be used to transport large volumes of coal at the warehouses, as well as to clean industrial sites. The bulldozer is twice as efficient as its predecessors, while its fuel usage is 20-30% lower. (Ukrainian metal)Details
In 2019, Sverdlovsk region extracted 6045 kg of gold. Zoloto Severnogo Urala extracted 3293.5 kg of gold, UGMK – 879.97 kg, Neiva Miners’ Team – 697.9 kg of alluvial gold, Berezovsky Mine LLC – 656.1 kg and Bashkirskaya Gold-Extracting Company – 689.2 kg. Most of the companies decreased output due to the lower gold content…Details
Zaporozhye Titanium and Magnesium Works has started producing multiple-use facemasks at its sewing site of the household shop. “We have temporarily switched one of our parts to produce masks. The manufacture will run while there is a demand. The masks will be granted to Zaporozhye healthcare institutions”, the company CEO Vladimir Sivak said. ZTMK has…Details
On April 1, Kremenchuk Steel Works will shut down its manufacture. Some employment contracts, ending on April 1, will not be prolonged. “Around 1,000 employees will become redundant”, the company noted. Other employees will be sent on vacation and will be paid two thirds of their salary. The reasons for the shut down of the…Details
Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex program of $1.1-1.2 billion for a downward revision. Commencement of certain expansion projects could be postponed. At the same time, the company is proceeding with its major overhauls at NLMK Lipetsk primary…Details