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Mechel has rented 10 BelAZ dump trucks within the agreement with the State Transport Leasing Company. According to Mechel statement, the total cost of the agreements is 900 million rubles ($14.5 million). The new machinery with the lifting capacity of 90 tons has already been transported to Korshunovsky Mining and Processing Works. 6 dump trucks…
DetailsIn January-March MMK produced 3.147 million tons of steel, up by 2.7% YoY, but down by 4.4% QoQ. Pig iron output grew by 1.3% YoY, but dropped by 9.4% QoQ, to 2.404 million tons. Metal sales increased by 1.6% QoQ, to 2.83 million tons. Coal concentrate manufacture at MMK-Ugol reached 666 thousand tons, down by…
DetailsThe company with deepest regrets informs, that on April 17 due to a massive traffic accident in Kriviy Rih 8 people died and 21 people got injured, among them most were the employees of PJSC ArcelorMittal Kriviy Rih. Management of PJSC ArcelorMittal Kriviy Rih took the decision to provide financial support from the company to…
DetailsUkrgazvydobuvannya has concluded 2 agreements with Interpipe Ukraine LLC for the delivery of pipes valued at 180.93 million UAH. This year the company has to supply 3588 tons of various compressor-pump pipes manufactured by Interpipe Niko Tube LLC at 49698-51552 UAH per ton. Last year Interpipe sold such pipes to Ukrgazvydobuvannya 2% cheaper, at 48419-50545…
DetailsVolyn miners have addressed the Volyn Regional State Administration chairman Alexander Savchenko asking him to help save the Novovolynskaya mine No. 9. The mine union chairman Yuri Kalistratov said that enterprise wanted to remain within the National Coal Company, as this would allow it to operate for some 13 years. “This will keep people, mining…
DetailsRepresentatives from MMK took part in the round table on “The Market of Metals and Metal Structures in the Volga and Southern Urals”. About 70 managers and specialists in metallurgy, metal trading, steel service centers (SSCs), and manufacturers of metal products and structures were invited to the two-day event organized by the Russian Union of…
DetailsMagnitogorsk Iron and Steel Works (MMK) has once again been included in Living Planet channel and the Modern Media Research Institute (MOMRI)’s bi-annual list of the top ten Russian companies in the fuel and energy and metallurgical sectors for environmental performance. Thanks to good results in the second half of 2017, MMK placed 9th on…
DetailsThe net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17. Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million. EBITDA increased…
DetailsAnglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, up by 26% YoY, according to the company report. The company said that such a sharp increase in the gold production was linked with the launch of production at the…
DetailsThe prices of the main precious metals varied in Azerbaijan on April 16, according to the data published by the Central Bank. The cost of gold increased by 9.9705 manats, to 2288.353 manats per troy ounce compared to the price on April 13. The cost of silver increased by 0.2108 manats, to 28.3104 manats per…
DetailsIn February export prices increased by 1.6% from December 2017, while import prices – by 1%. According to the Statistics Committee of the Ministry of the National Economy, iron ore ores became 14.5% more expensive, manganese ores export prices increased by 13.2%, copper – by 13.1%, coal – by 3.9% and zinc – by 2.6%.…
DetailsZhezkazgan Copper Smelting Works will be operating at full capacity, according to Kazakhmys Smelting. The plant will operate 2 ore-smelting furnaces and a sulfur acid shop. In 2009 due to the decrease of available raw materials the works switched to the operation of only 1 smelting furnace. But as the copper-containing raw materials volumes will…
DetailsIn Q1 Khabarovsk region obtained 3519.6 kg of ore gold and 12.8 tons of silver, up by 8.4%, but down by 5.5% YoY respectively. This year the region intends to yield 23450 kg of gold, up by 1.3% YoY. Alluvial gold season will start in May, so at present only ore gold is mined. Last…
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