The state enterprise Vostochniy Mining and Processing Works has ordered the bookkeeping and auditing services. The company wants its financial reports for the last three years checked. The expected cost of the services is 4.56 million UAH. The audit will be carried at the request of the State Bank of Development of China. The tender…Details
According to the State Treasury Service, Azovstal Iron and Steel Works and ArcelorMittal Kriviy Rih received the most of VAT reimbursement among metal and mining companies in May. In particular, Azovstal received 632.8 million UAH, AMKR – 543.7 million UAH, and Zaporizhstal – 366.3 million UAH. In May Ukraine reimbursed a total of 9.86 billion…Details
Krasnoyarsk Aluminum Works finishes construction of the casting complex – in two years Rusal has invested around $37 million in the project. When the complex is put into operation the company will be able to produce large cylindrical ingots, which are currently in demand all over the world. In late May the first trial batch…Details
In January-April Russia produced 68.68 tons of gold, up from 67.75 in 2017. In particular, 52.05 tons of produced gold (50.68 tons), 5.87 tons of accompanying gold (4.81 tons) and 10.76 tons of secondary gold (12.26 tons). Silver output in January-April totaled 302.22 tons (313.32 tons), including 136.77 tons of produced silver (157.08 tons), 106.16…Details
Chelyabinsk Zinc Works, a part of UMMC, has started producing fine zinc powder. “We’ve already been producing zinc powder earlier, but the existing technology does not allow producing powder with the fineness below 10 micron. And that’s exactly what’s in demand now. So we started making trial batches of the powder”, the company engineering center…Details
Alexei Scherbakov has been appointed the technical director of Stoylensky Mining and Processing Works, a part of NLMK.
He will be responsible for improvement of the manufacture efficiency, technological processes and machinery, development of technical policy and technological development, as well as for reconstruction and technical modernization. (Ukrainian metal)
Evraz is working on a new GOST to improve and expand the range of flanged beam in Russia.
At present the group already produces 135 sections of new GOST and 89 foreign analogues. The new document provides for the import replacement, EvrazHolding metal structures development manager Evgeniy Samarin said. (Ukrainian metal)
A miner, trapped following the cave-in in the shaft at Krivoy Rog Iron Ore Industrial Complex on June 6, was found dead. “On June 6 the rock collapsed at Oktyabrskaya mine at the depth of 1220 m. A body was later found of the miner. The body has been delivered to the surface”, the State…Details
In May Yuzhniy Mining and Processing Works increased concentrate output by 13.7% YoY, to 1044.5 thousand tons. According to the company statement, its sinter output dropped by 25.5% YoY, to 167.2 thousand tons. In January-May UGOK produced 5084.5 thousand tons of concentrate and 742.8 thousand tons of sinter, up by 12.4% and down by 1.9%…Details
There has been a cave-in at the Oktyabrskaya mine of the Krivoy Rog Iron Ore Industrial Complex.
The rock collapsed at the depth of 1220 meters on June 6 at 8:55 local time.
According to the preliminary information, one miner has been trapped.
The rescue operation is underway. (Ukrainian metal)
The annual shareholders meeting of Asha Iron and Steel Works decided to leave the 2016 net profit to the company and not to pay dividends. According to the company CEO Vladimir Myzgin, the year 2016 was more efficient than 2015. Despite tough conditions on sales markets and sanctions, the company increased output by 6% YoY.…Details
Polyus has published its forecast for 2017-2019. Since 2013 the company has increased gold output by 19%, to 1968 thousand ounces. According to the results of Q1, the company confirms its forecast for this year of 2.075-2.125 million ounces of gold. In 2018 the output will increase to 2.35-2.4 million ounces, and in 2019 –…Details
United Metallurgical Company has started producing large diameter section pipes (100-300 mm), which are starting to be widely used in metal structure manufacture. In particular, such pipes are used in the construction of stadiums for FIFA 2018. They are also used in the construction of industrial buildings, hangars, and even in housing. This year the…Details
Asha Iron and Steel Works has started producing 12-meter sheet for welded beams. According to the company representatives, there is a demand for such products. 12-meter sheets allow producing the beam of the necessary length without additional welding. AMZ plans to continue modernizing its sheet-rolling manufacture, improving the quality and expanding the product range. In…Details
Izhstal has finished capital repairs of its electric arc furnace, which produces alloyed, stainless and speed steels. “The EAF-25 produces the most profitable products. So we pay special attention to the conditions of the furnace. The repair will provide for the faultless operation of the furnace and decrease energy consumption and refractory materials usage”, the…Details
Sberbank and Severstal, the vertically integrated mining and metallurgical company, have announced collaboration in technological innovation. This year at the 11th St. Petersburg International Economic Forum Severstal and Sberbank presented their latest prototype, which would enable the secure transfer of international letters of credit using blockchain technology. During the demonstration, the companies tested the prototype…Details
The state enterprise Sea trade port Yuzhniy has chosen Yuzhmetiz LLC the supplier of steel ropes valued at almost 3 million UAH.
The company was created in 2001 and started participating in state tenders in 2009.
Another contender was the private firm Oriya. (Ukrainian metal)
RUSAL has offered RusHydro a 50% stake in a project to complete construction of the Taishet Aluminum Smelter in the Irkutsk region, CEO Vladislav Solovyov reported on June 5. “We have made our proposal for RusHydro as comfortable as possible. Their participation in the project almost does not require financial expenses at the moment. Tariffs…Details
Cherepovets Iron and Steel Works has finished repairs in the sheet-rolling shop valued at 10.8 million rubles.
In particular roll ovens No. 1 and 2 have been repaired. The overhaul was carried out by the specialists in 4 days.
Some 40 employees were involved in the work. (Ukrainian metal)
Gold producer Polyus plans to offer 7% of its shares under a secondary public offering (SPO) on the London Stock Exchange and the Moscow Exchange, the company said in a statement on June 5. The company has started a pre-marketing campaign and will hold a roadshow for the offering in the next two weeks, a…Details
Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…Details
Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each).
The interest rate is 9.35%.
The circulation period is 10 years, with a 4-year option.
The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)