Polyus has confirmed its gold output forecast for 2018 on the level of 2.375-2.425 million ounces and 2.8 million ounces in 2019. In 2020 it is expected to produce also 2.8 million ounces. Expenses are projected to reach $425 and $450 per ounce in 2018 and 2019-2020. This year capital expenses will amount to $850…Details
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In 2017 Aktyubinsk Copper Company produced 58 thousand tons of copper concentrate and 52 thousand tons of zinc concentrate, having exceeded the target by 2% and by 17% respectively. Revenue target was overfulfilled by 17%. Payments to the budget increased 4-fold YoY. (Ukrainian metal)Details
Zaporozhkoks, one of the major by-product coke chemistry manufacturers in Ukraine, has announced the price of the share sales under the squeeze-out procedure. According to the company statement, the price of one share with the value of 0.01 UAH will be 4.94 UAH, or 494 times higher. The price was set by the Zaporozhkoks supervisory…Details
In 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million. Revenue grew by 21.4%, to $1197.494 million. EBITDA increased by 46.9%, to $551 million. Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)Details
Mariupol Ilyich Iron and Steel Works has received new Austrian machinery to be installed at the continuous casting machine No. 4. The construction of the machine is underway. The cargo weighs almost 1 thousand tons, so special machinery was used to unload it. Foreign specialists claim that the machinery corresponds to the best European norms…Details
Novokramatorsk Machine-Building Works has started shipping converter body with a seating ring and the mounting system to Azovstal Iron and Steel Works. The converter will be used to modernized machinery in the oxygen-converter shop. “It took us over a year to produce and start shipping the machinery weighing around 1 thousand tons”, NKMZ said. This…Details
In 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…Details
In 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…Details
Full-scale operations in Kyzyl, a large gold mine in the East Kazakhstan region, will start in 2019. “Using state-of-the-art technologies, the Bakyrchik Ore Mining and Processing Enterprise is developing a gold deposit with a capacity of 2 million tons of ore per annum. The project will reach the ultimate capacity in 2019 “, Deputy Head…Details
As of March 1, Magadan region obtained 2516 kg of gold, up by 18% YoY. At present only ore gold is mined. Alluvial season will start in May. Silver output so far has totaled 101.2 tons, down by 13.7% YoY. The decrease, seen since last year, has to do with the scheduled drop in output…Details
The auction for the sale of the insolvent KVV Liepajas metalurgs rolling mill equipment was concluded with the victory of Austrian Smart Stahl GmbH, as confirmed by insolvency administrator Guntars Koris. The Austrian company won the auction with its price of EUR 1.57 million (without VAT) or EUR 1.9 million (with VAT). Koris says that…Details
In January-February Russia produced 636 thousand tons of steel structures, down by 14% YoY. According to the Federal Service of State Statistics, in February output increased by 10.4% MoM. Aluminum structures manufacture dropped by 12.8%, to 8 thousand tons. (Ukrainian metal)Details