In January-September MMK net profit grew by 31.7% YoY, to $1.072 billion. Consolidated revenue increased by 11.7%, to $6.252 billion, and EBITDA – by 30.6%, to $1.881 billion. In Q3 the company increased profit by 2.3% QoQ, to $401 million, but decreased revenue by 0.7%, to $2.091 million. EBITDA went up by 3.2%, to $671…Details
DTEK ESKO has installed 1.5 thousand ceiling LED-lamps in the sheet-rolling shop of Mariupol Ilyich Iron and Steel Works. The new lamps will make the work of the employees safer and more comfortable, as well as decrease electricity consumption by 60%. The modernization of the lighting system presupposes the installation of 2.2 thousand LED-lamps. This…Details
In September global pig iron output grew by 7.27% YoY, to 104.67 million tons, according to World Steel Association. China is still the world leader with 66.37 million tons. Ukraine has retained the 9th place with 1.67 million tons. It is ahead of Taiwan with 1.28 million tons, but behind US with 1.97 million tons.…Details
A cargo of 3 thousand tons of metal was arrested in the port of Mariupol, the Prosecutor General of Ukraine Yuri Lutsenko reported on Facebook. The arrest of the Alchevsk iron and Steel Works products transported to Belgium under the Liberia flag he called “our reply to the so-called sanctions”. The city of Alchevsk is…Details
The transportation at the Russian Railways in January-October was 1.07 billion tons, up by 2.7% YoY. In particular, the RZhD transported 310.6 million tons of coal, up by 5.5% YoY, 96.3 million tons of iron and manganese ore, up by 5.5%, 65 million tons of ferrous metals, up by 8.8%, and 13.3 million tons of…Details
“As soon as we receive official notification about denial of permission to pledge a license, we will make an administrative complaint to the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, stating our position on this issue,” said Director of Alliance Altyn LLC Mikhail Shubin. According to him, a collateral is needed all…Details
The Russian central bank bought about 92 tons of gold in July-September, a quarterly record for the country, which is now selling dollar-denominated assets actively, the World Gold Council said in a report on November 2. Russia’s gold reserves exceeded 2,000 tons for the first time ever and now account for 17% of the global…Details
Severstal has produced 300 tons of galvanized rolled metal with polyurethane coating under the brand of Steel Cashmere, which will be used in the construction of the Cuban infrastructure. In particular, the light-grey metal will be used in the construction of a locomotive depot of the Ministry of Transport. “High exploitation features of the Steel…Details
In July-September Petropavlovsk Plc, extracting gold at four mines in Amur region, obtained 102 thousand ounces, on par with the corresponding period of 2017. Pioner provided 30.2 thousand ounces of gold, Pokrovsky – 0.7 thousand ounces, Malomyr – 32.6 thousand ounces and Albyn – 38.5 thousand ounces. In January-September gold output dropped by 10% YoY,…Details
In January-September KAZ Minerals produced 216.8 thousand tons of copper, up by 12% YoY. In Q3 copper output grew by 7%, to 77.2 thousand tons, mostly thanks to the increase in the volume of ore processing. In 9 months zinc concentrate manufacture dropped to 38.3 thousand tons from 45.8 thousand tons. Gold output totaled 135…Details
Noginsk Pipe-Sections Works has started manufacturing round electric welded pipes.
So far the company can produce pipes with the diameter of 57 mm and 20 mm.
By the end of the year the company intends to have mastered the manufacture of pipes with the diameter of 15, 25, 32, 40 and 50 mm. (Ukrainian metal)
The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…Details
The net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30.
In Q3 the company also paid interest on the loans in the amount of $99 million.
Royalty payments totaled $49 million.
The gross debt of the group is $3.502 billion. (Ukrainian metal)
As of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the company’s board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were…Details
In August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…Details
The supervisory board of Dneprospetsstal has once again extended the powers of the acting chairman Vitaliy Korniyevsky for 3 months. The decision was taken at the board meeting on October 31. On April 23, 2009 the supervisory board relieved Daniel Valk of the duties of the chairman, having appointed Vitaliy Korniyevsky instead. Since then his…Details
The Moscow Stock Exchange has started trading in futures contracts for non-ferrous metals (aluminum, nickel, zinc and copper). The size of the aluminum and zinc lots is 1 tons, and of nickel and copper – 0.1 tons. Three series of futures have been allowed for trading – with maturity in December 2018, as well as…Details
Beloretsk Iron and Steel Works has been awarded the title of a reliable supplier by one of the largest bearing works of Russia – Vologda Bearing Plant. The companies have been cooperating since 2004. BMK is supplying bearing wire with the diameter of 0.8 to 1.5 mm to VBP. The wire is used to produce…Details
Kyshtym Electrolytic Copper Plant has received new Linde electric forklifts.
The machines have been sent to the railroad and copper wire rod shops.
They will be used to load products into containers.
The forklifts operate on lithium-ion batteries, thus not polluting the closed premises. (Ukrainian metal)
The Ural Aluminum Works has commissioned a modernized manufacture. The decomposition substitutive module will increase alumina output by 130 thousand tons per year, to 900 thousand tons. Investments in the construction, which began in 2014, totaled some 640 million rubles. At the same time, the works intends to reach the capacity of 1 million tons…Details
NLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…Details
The delegation of the Federal Republic of Germany has visited PJSC ArcelorMittal Kriviy Rih, the biggest mining and metallurgical company of Ukraine. The visit took place on October 26 as a part of business visit to Ukraine of the representatives of German industrial companies united by non-government organization German Eastern Business Association. At the plant…Details
Chaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerra’s prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, “the ultimate objective of this…Details
In January-September Metinvest kept the iron ore concentrate output unchanged YoY, at 20.54 million tons. Pellets manufacture increased by 32%, to 5.754 million tons, while saleable concentrate output dropped by 18%, to 5.671 million tons. In Q3 the manufacture of iron ore concentrate decreased by 7% QoQ, to 6.554 million tons because of the drop…Details
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date was extended until January 31, 2019, statement of…Details
Brazil is eager to continue supplying Kazakh uranium ore concentrate, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Brazil Kairat Sarzhanov said at a briefing in Astana on October 31. He reminded that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April Kazatomprom won a…Details