Rosgeologia will carry our prospecting works for ore gold on Levoberezhnoye ore field. The corresponding agreement has been concluded in summer. The site with the size of 6.62 square km is situated in the Cherek district of the Republic of Kabardino-Balkaria. The project is to be completed by early 2021. (Ukrainian metal)Details
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The Central Processing Factory Pechorskaya of Vorkutaugol has successfully finished an experiment to improve quality of the coal concentrate and has started supplying it to Cherepovets Iron and Steel Works. The project to decrease ash content in the concentrate began in April. As the result of the experiments, the ash content was decreased to 8%.…Details
In January-June Ukraine exported 7.82 million tons of rolled metal, or 84.6% of all the metal manufacture, almost on par with H1 2017 level. Semi-finished products accounted for 44.9%, up from 41.2%. Flat rolled metal was 33.3% against 33.9% last year. Bars’ share dropped to 21.8% from 24.9%. (Ukrainian metal)Details
The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26. Revenue increased by 5.7%, to 38.282 billion rubles. Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)Details
In January-June companies received 2.081 million tons of rolled metal, with 653.3 thousand tons, or 31.4% imported. In H1 2017 the market consumed 1.971 million tons of rolled metal, with 575.3 thousand tons, or 29.2% imported. Thus, rolled metal consumption increased by 5.6%, with the import share up by 13.6%. Bars accounted for 48.6% and…Details
The magnetite (iron ore) concentrate drying shop of the Bystrinsky Mining and Processing Works has been commissioned. The first batch of the dry iron ore concentrate will be shipped on October 1. Concentrate drying to decrease its moisture will be carried out from October till April. The shop has three drying cylinders with the capacity…Details
Mechel-Service has supplied 300 tons of beams for the construction of 2 sports facilities in the city of Novosibirsk: the center of the artistic gymnastics and the volleyball arena. The beams were produced at the Chelyabinsk Iron and Steel Works on the rail and beam mill commissioned in 2013. ChMK also supplies rebars and sheets…Details
In January-June Russky Ugol mined over 1.6 million tons of coal in Amur region, up by 5% YoY. The Severo-Vostochny pit, the oldest coalmining enterprise in the region, exceeded the output target by 25%. The mining there started in 1932. (Ukrainian metal)Details
Severstal has mastered the manufacture of polymer-coated rolled metal with the colored backside. Thanks to using protective colored enamel on the backside instead of the traditional grey, the cost of the final product becomes lower compared with the double-sided coating. Another novelty is the Steel Cashmere – GRS (glide rain slim). This is galvanized metal…Details
In January-June Vyksa Iron and Steel Works produced over 425 thousand tons of railroad wheels. The increase in the output is the result of the growing demand, including from the main customer – the Russian Railroads. “The works capacities allow quickly reacting to the changes on the market. Thanks to the efficiency of the manufacture…Details
In January-June KAZ Minerals increased copper output by 18% YoY, to 139.6 thousand tons. The main driver of the growth was the higher processing at the Aktogay factory. In Q2 the company reached its design capacity. In H1 Bozshakol GOK produced 49.8 thousand tons of copper, Aktogay GOK – 60.5 thousand tons, and Bozumchak mine…Details
Prices for precious metals in Azerbaijan continue on July 26 the rise, which started on July 23, according to the data published by the Central Bank. The price of gold increased by 11,7725 manats, to 2093,6775 manats per ounce on July 26, compared to the price on July 25. The price of silver increased by…Details
Steel production of the U.K.-based mining giant Evraz, which operates mainly in Russia, shrank by 2.3% YoY, to 6.832 million tons in January-June, the company said in a statement on July 26. Cast iron production fell by 7.7%, to 5.252 million tons in the period. In April-June the company’s steel output fell by 3.9% QoQ,…Details