In April the export of raw copper from Russia totaled 56.7 tons, down by 74.8% MoM and by 50.4% YoY. In 4 months exports fell by 62.8%, to 508.7 tons. At the same time, the price grew by 27%, to $15.9 per kg. Kazakhstan accounted for 99.6% of purchases. Since the start of the year…Details
In April Russia exported 426.8 tons of copper rods and sections, down by 9.2% MoM and by 20.7% YoY.
At the same time the price has increased by 7.4%, to $6.6 per kg.
In 4 months exports dropped by 5.2%, to 1.7 thousand tons, and in monetary terms – by 4%. (Ukrainian metal)
The Ministry of Economy of Kyrgyzstan proposes to increase the tax rate on the income of mining and mining-processing enterprises by 3% in the case of sale of gold ore and concentrates and revise the tax royalty base in sale of metal ores and concentrates. Amendments to the Tax Code have already been submitted for…Details
Russian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…Details
The shareholders of the Russian metals and mining group Mechel have approved paying 18.21 rubles per preferred share in dividends for 2018, or a total of 2.527 billion rubles, and no dividends on common shares. The record date is scheduled for July 18. For 2017 Mechel paid 16.66 rubles per preferred share, or a total…Details
The Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May increased by 60.8% YoY. At the same time, silver production increased by 37.6%. However, the ministry and other…Details
The Proizvodstvo polimetallov (Polymetal Manufacture) subsidiary of Uralelectromed has received a new BelAZ 7540 dump truck.
The machine carrying capacity is 30 tons.
Daily the company operates some 11 BelAZs.
This is the first machine purchased this year. The company also intends to buy a forklift truck and a front-end loader. (Ukrainian metal)
The Department of the protection of the inner market of the Eurasian economic commission has prolonged the antidumping investigation of the import of galvanized metal of Ukrainian and Chinese origin.
The investigation is prolonged until October 28.
The original investigation has been initiated by MMK, NLMK and Severstal. (Ukrainian metal)
In May, Ural Steel LLC increased rolled metal sales by 0.3% YoY, to 127.2 thousand tons. This is the highest level of sales this year. In January-May sales grew by 6.6%, to 575.8 thousand tons. Deliveries to Russian customers went up by 16.6%, to 550.6 thousand tons, while exports fell by 63%, to 25.2 thousand…Details
Bishkek hosted a forum of suppliers of goods and services for mining industry. Instead of standard speeches and statements, it was held in an exhibition format so that suppliers and customers can find a common language. “We are often approached by suppliers of goods and services in various sectors of the economy, especially in subsoil…Details
In April, Metinvest B. V. revenue dropped by 7.5% MoM, to $954 million. EBITDA was $173 million, down by 6%. Corrected EBITDA of the metal division totaled $53 million ($46 million in March), and of the mining – $151 million ($148 million). Combined revenue comprised metal division revenue of $791 million ($844 million) and mining…Details
Privatbank has gained another victory in the claim against a guarantor in loan re-financing – this time Marganets Mining and Processing Works.
The court proceedings started in 2017.
On May 14 Privatbank won in a similar case against Pokrovsky GOK. (Ukrainian metal)
Norilsk Nickel will diversify its manufacture by starting producing spare parts for electric cars. Earlier the company has agreed with BASF to start producing accumulator materials at Harjavalta in Finland in late 2020. “We have a whole layer of new clients coming to the market. This is due to the appearance of new economy industries…Details
According to the Spetsstal Association, in January-March Zlatoust Electrometallurgical Works was the leader among the Russian bars and pipe billets manufacturers with the share of 46.2% (33.1% in Q1 2018). The company electric steel-smelting shop No. 2 has exceeded its output plan having produced 4650 tons, while the shop No. 3 – 530 tons. The…Details
Krasniy Octyabr has acted as a prospective supplier of quality rolled metal for new projects on shipbuilding in the Arctics. The company is ready to participate in the construction of a unique winter and summer fleet consisting of hovercraft and ice-resistant platform. The manufacture of parts for construction is scheduled to begin next year. “Krasniy…Details
Severstal Steel Ropes has presented a new range of elevator ropes at the Russian Elevator Week-2019.
The company is demonstrating new Alerion steel ropes characterized by increased service life, including Alerion MC8 ropes with 8-thread metal core.
Previously such steel ropes had to be imported. (Ukrainian metal)
Sredneuralsk Copper-Smelting Works has put into operation a new Aspeks system of gas purification in the converter department of its copper shop.
Investments in the system implementation reached 300 million rubles.
The system has been assembled at all the four converters. (Ukrainian metal)
ArcelorMittal Kriviy Rih carries out its business activities in accordance with effective legislation of Ukraine and expects respective actions and attitude from public authorities and local government bodies. According to article 19 of the Constitution of Ukraine, public authorities and local government bodies, their officials must act only based on and within their powers and…Details
In January-May the Republic of Buryatia mined 1192.34 kg of ore gold, down by 16.7% YoY. 3 companies mine ore gold in the republic – Buryatzoloto, a part of Nordgold, Zapadnaya and Sininda 1 LLC (a part of Seligdar). There is no information on alluvial gold output, as the washing season starts in April-June depending…Details
Kolmar held a meeting with BaoWu representatives, the largest steel company in China and the second largest in the world. The parties discussed increase of coal deliveries. The companies have been cooperating since 2016. China is the largest consumer of coal. In 2018 it imported 64 million tons of coking coal, including 6.8% from Russia.…Details
Gaysky Mining and Processing Works is finishing assembling a new Larox PF press filter manufactured by Outotec at its processing factory. In 10-15 minutes (the filter press cycle) the machine can produce up to 12 tons of dry copper or zinc concentrate. With the new press up and running the enterprise will be able to…Details
Trest Koksokhimmontazh has started laying the foundation for the second block of the coke-oven battery No. 11 at the Cherepovets Iron and Steel Works. The laying of the lower foundation plate has been carried out in 30 hours and used 3 thousand cubic meters of concrete. The coke-oven battery No. 11 will have two blocks…Details
In April Russia exported 2.3 thousand tons of titanium, up by 5.1% MoM, but down by 10.3% YoY. April also saw a slight decrease in price – by 5.42%, to $21.9 per kg. In January-April Russia exported 9 thousand tons of titanium, down by 4% YoY. In monetary terms exports have fallen by 1.5%. US…Details
DTEK revealed that Russia was exporting anthracite mined in the occupied districts of Donetsk and Lugansk regions to 19 countries. In addition to Poland and Turkey, other countries include Georgia, Egypt and Canada. Europe and Turkey are the main consumers of anthracite originating from the occupied Donbass. Thus, in March 2017 – December 2018 Turkey…Details