Bystrinskoye Mining Company LLC, developing the Bystrinskoye deposit of copper, iron and gold ores in Zabaikalye region, intends to process 8 million tons of ore in 2019. This year the company plans to produce 1 million tons of iron ore concentrate and 150 thousand tons of copper concentrate, up from 346 thousand tons and 77…Details
Sustainalytics, one of the key rating agencies of the ESG sphere, has increased Severstal rating from 54 to 70 points (of the 100 possible), giving it the 8th place among 42 metal companies all over the world. Severstal has also been awarded the “Advanced Company” title. This year Severstal intends to increase investments in environment…Details
The new air-separation machine in the MMK oxygen shop has produced 100 million cubic meters of technical gases, including oxygen, nitrogen and argon. The machine costing 4.2 billion rubles was assembled at the oxygen station No. 5 site in July 2018. The machine generates 35 thousand cubic meters of gaseous oxygen, 30 thousand cubic meters…Details
TMK is mulling the possibility of participating in the tender to construct gas pipeline in Bulgaria, since the country intends to join the Turkish Stream. The first branch with the capacity of 15.75 billion cubic meters of gas per year is for the Turkish market, while the second with the same capacity – for the…Details
In 2018 capital investments in the sector of metallurgy and metal manufacture grew by 41.7% YoY, to 25.56 billion UAH. According to the State Statistics Service, the total growth of capital investments in the industry was 31.6%, to 179.7 billion UAH. In 2017 investments in metallurgy increased by 25.8% YoY, to 18 billion UAH. (Ukrainian…Details
Energomashspetsstal will produce 11 supporting rolls with the total weight of 246 tons for Companhia Siderúrgica Nacional (CSN), Brazil.
According to the company statement, the first 6 rolls will be delivered in August.
And the other 5 – in February 2020. (Ukrainian metal)
In 2018 Uralskaya Kuznitsa increased its net profit by 46% YoY, to 3.829 billion rubles.
The company was able to sell 16.55 billion rubles worth of products, up by 30%.
Sales profit grew by 61%, to 2.22 billion rubles. (Ukrainian metal)
In 2018 Chelyabinsk Iron and Steel Works received 4.276 billion rubles of net profit, down by 21% YoY. In 2017 the net profit was 5.4 billion rubles, while in 2016 – 15 billion rubles. Revenue in 2018 grew by 5%, to 124.27 billion rubles. Sales profit increased from 7 billion rubles to 13 billion rubles.…Details
The Siberian Mining and Metallurgical Alliance (SiGMA) has suspended the manufacture of gold at the Ozernovskoye deposit for 2 months. The deposit is situated in Kamchatka region. The suspension of the operation has to do with the need to reconstruct the gold-extracting factory with the capacity of 60 thousand tons. The factory was commissioned in…Details
In 2018 Chelyabinsk Iron and Steel Works increased sales of stainless steel sheet by 40% YoY, to 5.7 thousand tons. The company sells rolled sheet to major enterprises of the nuclear, machine-building, chemical and other industries. The sheet is made of special steels and alloys. This year ChMK intends to further increase sales and expand…Details
The Moscow Exchange plans to exclude common shares of the Russian metals and mining group Mechel from the lists of its main indices staring from March 22, the bourse said in a statement on February 27. “The Moscow Exchange has announced today the results of a quarterly review for the MOEX indices. All changes were…Details
The Department of the domestic market protection of the Eurasian Economic Commission has initiated another antidumping investigation of the delivery of forged steel rolls for metal-rolling mills originating from Ukraine. The investigation has been initiated because the antidumping measures have expired. The basis for the investigation is that in January-September 2018 deliveries of Ukrainian rolls…Details
At public hearings, ArcelorMittal Kriviy Rih presented EIA reports on two investment projects – reconstruction of water pipeline for supply of process water to OBP-1 and construction of cooling tower for cooling of water in recirculation system of GCP-5 of BF-9. Public hearings are held under procedures specified in the law “On Environment Impact Assessment”.…Details
This year work will start on the largest tin deposit Syrymbet. Tin Yan Mining, the investor company, has confirmed that the excavation will start in May. Investment in the project this year will total 4 billion tenge. The project will be completed in 2021 with the total volume of investment of 100 billion tenge. (Ukrainian…Details
Kolmar has assembled machinery for underground coal extraction at the Denisovskaya mine with the length of 300 meters. “This will increase the monthly coal output to 250 thousand tons”, the company CEO Artem Levin said. Last year Kolmar commissioned a new 6-million ton factory and started constructing the rock excavations for the Vostochnaya Denisovskaya mine.…Details
In 2018 DTEK exported 486.3 thousand tons of coal, down by 35% YoY. All coal is exported by Obukhovskaya Mine Group. The decrease has to do with the growth of the sales to the Ukrainian market to minimize the anthracite coal shortage. Last year DTEK supplied 1.5 million tons of anthracite to Ukraine, up by…Details
According to the authorities of the Magadan region, as of January 1, there were 168 enterprises with license for subsoil use in the region. Of them 100 were developing alluvial gold and 9 – ore gold and silver. Last year 37 tons of gold were extracted, up by 4 tons YoY. In 2 years gold…Details
Severstal Steel Decisions has finished supplying metal structures for the construction of Kola Iron and Steel Company objects. The total weight of the structures was 825 tons. “So far this is one of the northernmost projects fulfilled by the company”, director Denis Chetverikov said. All the metal structures are covered with corrosion-resistant coating and the…Details
Bratsk Aluminum Works has successfully passed an audit for the correspondence to the ship classification requirements (DNV-GL-RU-SHIP) and has received a certificate for the alloys used in shipbuilding. The audit has been carried out at the request of the Kamensk-Uralsky Iron and Steel Works (KUMZ), which manufactures and supplies products to the shipbuilding plants. As…Details
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…Details
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…Details
According to Worldsteel, steel output in January totaled 146.7 million tons, up by 1% YoY. China produced the most steel as usual – 75.01 million tons, up by 4.35%. Chinese share in the world output is 51.1%. Ukraine is still on the 13th place, having produced 1.85 million tons of steel, down by 4.9% YoY.…Details
In January Ferrexpo exported 939.7 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 750.7 thousand tons and Yeristovo GOK – 189 thousand tons. Metalloinvest (Russia) exported 435.6 thousand tons of pellets (Mikhailovsky GOK – 364.2 thousand tons and Lebedinsky GOK – 71.4 thousand tons). Metinvest exported 369.3 thousand tons of pellets (Central…Details
ArcelorMittal Kriviy Rih will increase funding to purchase personal protective equipment (PPE) for its employees: from 81.7 million UAH in 2018 to 96.3 million UAH in 2019. A part of PPE has already arrived at the enterprise. There are new products in addition to traditional PPE – heavy-duty clothes and shoes with steel caps, earplugs,…Details