The supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…Details
In 2018 Trubostal received 687 thousand UAH of net losses as opposed to 14.806 million UAH of net profit in 2017. The undistributed profit totaled 21.419 million UAH. The company current liabilities dropped by 4.2%, to 198.088 million UAH, while the long-term liabilities remained unchanged at 9 million UAH. Accounts receivable fell by 15.2%, to…Details
Azovstal is continuing the construction of a pump station to chemically treat water to cool blast furnace No. 3. The construction of the station started in November 2018. So far 370 tons of metal structures and 23 water pipelines (13.8 km) with the diameter of 300 to 426 mm have been assembled. “This is a…Details
Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…Details
The prices of precious metals varied in Azerbaijan on March 13. The price of gold increased by 13.073 manats, to 2,217.667 manats per ounce compared to the price on March 12. The price of silver went up by 0.0567 manats, to 26.2427 manats per ounce. The price of platinum grew by 15.878 manats, to 1,419.908…Details
Rescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…Details
The government of Uzbekistan has drawn up a plan of prospecting works to increase gold reserves from 2020 to 2024 by 474 tons. According to the plan, the gold reserves have to increase due to the opening and the further development of new gold deposits. As of the end of 2019 the gold reserve has…Details
In January-February Ukraine increased imports of copper and copper wares by 19.7% YoY, to $15.666 million. According to the State Fiscal Service, copper exports dropped by 62.6%, to $11.673 million. In February copper imports totaled $7.447 million and exports – $5.395 million. Nickel imports grew by 9.7%, to $15.794 million ($6.559 million in February), aluminum…Details
The damage done to Electrozinc by the fire in October 2018 totaled 6.2 billion rubles. The damage was calculated together with indirect economic losses. The fire broke out on October 21, 2018 and spread to 4.5 thousand square meters. One firefighter perished, two more people were injured. The reason of the fire was arson. (Ukrainian…Details
In January-February Amur region extracted 2675.8 kg of gold, down by 5.2% YoY. At present only ore gold is mined in the region. Alluvial gold extraction will start in April-May. 5 companies are engaged in gold mining, with Petropavlovsk in the lead. In particular, the company enterprises provided for 85% of the combined gold output.…Details
In 2018 Russky Ugol increased coal sales by 100 thousand tons.
The coal mined in Amur region is supplied to the local market.
In particular, the company sold 3.5 million tons of coal mined at the Yerkovetsky and Severo-Vostochniy pits.
In 2017 sales were on the level of 3.4 million tons. (Ukrainian metal)
In February Ukraine exported 2.851 million tons of iron ore raw materials valued at $228.6 million, down by 9.8% and by 2.5% YoY respectively. According to the State Fiscal Service, the share of iron ore in the exports was 5.82%. Ukraine supplied $76.8 million worth of ore to China, $65 million to Poland and $62.2…Details
In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…Details
The Supreme Court has not satisfied the claim of the State Service of Geology and Subsoil on the legality of the order to cancel the license of the Shakhta 1-3 Novogrodovskaya LLC to mine coal. This is the final ruling. In July 2012 the State Service granted the company a special allowance to mine coal…Details
Kherson Sea Trade Port has concluded an agreement and started working with the transport-expeditor company Metinvest-Shipping LLC.
The port has already exported the first batch of 9 thousand tons of rolled metal.
Metinvest-Shipping services cargo in the major ports of Ukraine, as well as transports it by railroad. (Ukrainian metal)
The prices of precious metals varied in Azerbaijan on March 12. The price of gold decreased by 1.3005 manats, to 2,204.594 manats per ounce compared to the price on March 11. The price of silver went up by 0.157 manats, to 26.186 manats per ounce. The price of platinum grew by 18.2325 manats, to 1,404.03…Details
Lydian International Limited announced that, in connection with the ongoing blockades of road access to the Amulsar Gold Project, Lydian U.K. Corporation Limited and Lydian Canada Ventures Corporation – subsidiaries of the company – had formally notified the government of Armenia of the existence of disputes with the government under the agreement between the Government…Details
In 2018 VSMPO-Avisma received 89.069 billion rubles of revenue, up by 23% YoY. The sales profit grew by 40%, to 31.847 billion rubles.
The sales of spongy titanium increased by 17%, to 33.7 thousand tons, valued at 18.789 billion rubles, down by 2%.
EBITDA decreased by 1.4%, or by 989 million rubles. (Ukrainian metal)
In 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces.
Gold manufacture reached 1.216 million ounces, up by 13%.
Silver output fell by 6%, to 25.3 million ounces.
In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)
In 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…Details
Karelsky Okatysh has performed a unique action – lifted a 670-ton excavator to repair it. For this a special lifting mechanism was used, which was designed for the company. Its lifting capacity is 1 thousand tons. “This is a unique machine. None in Russia has it”, the company repair mechanic Dmitry Yepanchin said. The use…Details
In January-February Irkutsk region mined 2232.9 kg of ore gold, down by 5% YoY. At present only 4 companies are mining for gold in the region. Polyus Verninskoye extracted 1392.3 kg of gold, while the rest (940.6 kg of gold) was extracted by Druza LLC, Vysochaishiy and Ugakhan. This year the region intends to obtain…Details
In 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant.
“We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said.
Last year Rusal was building Tayshet with its own funds.
The new commission time is now Q4 2020. (Ukrainian metal)
In 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…Details