Glencore will resume buying aluminum from Rusal in 2019, but the volumes will decrease considerably, as the Russian company wants to take advantage of the growing demand for high added value products. Volumes are expected to decrease by 25-50% from 14.5 million tons. The deal concluded in 2012 was estimated at $47 billion. The new…Details
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The State Property Fund of Ukraine plans to hold an auction to sell 68.009% of Zaporozhye Aluminum Works in May. In December 2017 it was planned to sell the stake in February. The corresponding changes to the schedule of sales have been envisioned in the Fund decree dated February 20 and published in the “Vedomosti…Details
UzBuild-2018, an international construction exhibition in which Magnitogorsk Iron and Steel Works is participating, started in Tashkent. Uzbekistan is one of MMK’s key markets in the CIS. In 2017 MMK shipped over 300,000 tons of finished steel products to Uzbek consumers, accounting for nearly 80% of the company’s sales in Central Asia. At the exhibition…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February deliveries of ferrous metals scrap to metal companies will decrease by 4.55% MoM, or by 10 thousand tons, to 210 thousand tons. According to the enterprise deputy director Yuri Dobrovolsky, last month traders and procurers tried to faster unload their warehouses in order not to sell scrap…Details
Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends. According to the company statement, the dividends will be paid from March 20 till July 27. The dividends will be paid for 2014. In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)Details
Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaysky GOK ore dressing plant to rise by 34%, to 3.5 billion rubles in 2018, the company said in a statement. The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830-1,310 meters,…Details
There are no radioactive elements or heavy metals in the industrial wastes of the factory in Ak-Tyuz village, the concentrating factory Geo Reserve CJSC reported. According to its data, the factory processes gold and silver from Kuranjaylyau deposit. “There are no uranium-containing or other radioactive elements, nor heavy metals in the industrial waste of the…Details
The High Court of London plans to continue hearings of a dispute between UC RUSAL and tycoon Vladimir Potanin’s Interros over a sale of shares in Norilsk Nickel on March 8, a lawyer representing one of the Russian companies reported. Judge Simon Picken said during the February 27 hearing that it would be reasonable for…Details
Zlatoust Electrometallurgical Works has expanded its product range. The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy. This is the first time that the company produces billets in this size. (Ukrainian metal)Details
Novosibirsk Tin Works LLC has received a loan of 172 million rubles from MSP Bank with the interest rate of 9.6%. With the loan the company was able to purchase raw materials, components, spare parts etc. The financial aid helped the company to increase output, provide the growing demand with metal and confirm its status…Details
A new warehouse of Severstal Distribution was opened in Electrougli, Moscow region in February. At the same time, the warehouse in Lobnya was closed. The open and covered warehouses of the new site are considerably larger than the previous ones. The availability of 16-ton cranes allows handling bulk products (hot-rolled coils or large-diameter pipes). “We…Details
In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region. According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year. In 2017 it produced 6.5 tons of gold. As the factory is already operating at full capacity, this year…Details
In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…Details