The First Ore Company LLC has submitted information to the Registry of Environment Impact on its plans to start mining beryllium in Zhitomir region. The size of the deposits is 4 ha. But to place mineshafts and manufacturing sites the size should be 30 ha. The company plans to lease the necessary land or buy…Details
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The Commercial Court of Donetsk region has obliged Donetskstal to pay 2.749 billion UAH to the investment fund ICU. The fund applied to the court in 2011. The case has to do with loans given by VTB Bank. In particular, 1.293 billion UAH is the loan itself, 514.9 million UAH – interest, 940.1 million UAH…Details
In 2017 Bratsk Aluminum Works received 2.76 billion rubles of net profit, down by 26.2% YoY. According to the company statement, its revenue decreased by 14.6%, to 93.97 billion rubles, while gross profit grew by 12.8%, to 9.01 billion rubles. The company has not disclosed the reasons for the changes. (Ukrainian metal)Details
In 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…Details
In January-March Irkutsk region yielded 3259.2 kg of gold, up by 34% YoY. Ore gold accounted for 3258.6 kg. In particular, Polyus Verninskoye extracted 1605.8 kg, Vysochaishiy – 1102 kg, Druza LLC – 180.8 kg and Ugakhan LLC – 370 kg. Alluvial gold output totaled 0.6 kg, all obtained by Lenzoloto enterprises. In January-February gold…Details
In 2013-2017 the market of stainless pipes witnessed a growth trend (by 26 thousand tons, or by 54%). This was mostly the result of the welded pipes consumption growth (by 20 thousand tons, or by 80%). In 2017 there was a sharp increase in demand for seamless stainless pipes, as the volume of the market…Details
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, was included in a list of candidates to a new board of directors of metals giant Norilsk Nickel, Norilsk Nickel said in a statement on April 5. RUSAL, which owns 27.8% in Norilsk Nickel, nominated a total of five people to the company’s board,…Details
In 2018 Mechel intends to reach coal output at the level of 23.3 million tons. “In particular, UKUZ is expected to yield 9.5 million tons, Yakutugol – 8.5 million tons and Elga – 5.3 million tons. Coking coal concentrate will total 10.7 million tons. Power-generating coal output – 5.8 million tons”, the company CEO Oleg…Details
The minister of energy and coal industry Igor Nasalik has called on the Verkhovna Rada to provide funds to modernize the coal industry. “Without financing and investments in modernization the coal industry will not develop. The ministry has designed a plan to reform the industry, but so far we have not found funds. If this…Details
The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt. The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27. The antidumping investigation began in August 2017. (Ukrainian metal)Details
The prices of gold, platinum and palladium decreased in Azerbaijan on April 6, while price of silver increased, according to the data published by the Central Bank. The cost of gold decreased by 0.646 manats, to 2257.855 manats per troy ounce compared to the price on April 5. The cost of silver increased by 0.17…Details
Kirov Non-Ferrous Metals Processing Works in 2017 received 26 million rubles of losses, as opposed to three years of profit. Thus, in 2016 the company received almost 130 million rubles of net profit. In 2015 and 2014 the net profit totaled 81 million rubles and 51 million rubles respectively. Revenue last year reached 8.84 billion…Details
Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…Details