Metinvest is launching a large-scale project to construct a new cold-rolling shop at the Mariupol Ilyich Iron and Steel Works. Investments will exceed $1 billion. It is expected, that in 2025, when the first stage will be completed, the works will produce around 1.2 million tons of cold-rolled, galvanized as well as polymer-coated metal per…Details
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Severniy Mining and Processing Works has spent 30.7 million UAH on upgrading its locomotive. All the faulty units have been replaced. A transformer and compressors were repaired. 12 traction engines were installed. The repair was carried out by Konotov Diesel-Train Repair Works. This year, SevGOK will invest 1.6 billion UAH in repair of machinery, equipment,…Details
In January-July, Chukotka Autonomous District produced 14,083 kg of gold, up by 2% YoY. Ore gold accounted for 13,013 kg and alluvial – for 1,070 kg. Kekura deposit yielded 315.2 kg, Kupol – 6,356.5 kg, Karalveyem – 929 kg and Rudnik Valunistiy LLC – 1,080.3 kg of gold. ZK Mayskoye LLC at the Mayskoye deposit…Details
In January-August, Zaporizhstal increased steel output by 8% YoY, to 2.7 million tons. Rolled metal manufacture grew by 7.7%, to 2.24 million tons, and pig iron – by 1.2%, to 2.9 million tons. In August, Zaporizhstal produced 339 thousand tons of steel, 284.4 thousand tons of rolled metal and 399.4 thousand tons of pig iron,…Details
In January-July, Severniy Mining and Processing Works increased pellets output by 30.7% YoY, to 4.05 million tons. In July, 685 thousand tons were produced. Iron ore concentrate output grew by 6.5%, to 7.94 million tons, with 1.155 million tons produced in July. (Ukrainian metal)Details
Azerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…Details
In January-June, Metinvest B.V. increased consolidated revenue by 70% YoY, to $8.47 billion. Steel sales grew by 12% and pellets – by 36%. Metal segment revenue amounted to $6.4 billion, up by 65%. The group EBITDA went up 5.3-fold, to $3.795 billion, and the metal segment EBITDA – 7.3-fold, to $1.74 billion. Capital investments grew…Details
In 2020, ArcelorMittal Temirtau received a net loss of 29.652 billion tenge as opposed to a net profit of 80.648 billion tenge in 2019. Revenue grew by 12%, to 720.498 billion tenge, while gross profit decreased 3.7-fold, to 41.467 billion tenge. EBITDA was -32.23 billion tenge versus 106.046 billion in 2019. Last year, AMT produced…Details
Value of steel exports from Turkey to Azerbaijan grew from January through July, the Turkish Ministry of Trade reported. According to the ministry, this indicator amounted to over $56.1 million, up by 0.5% YoY. In July, Turkey exported steel worth more than $7.9 million to Azerbaijan, up by 18.9%. (AzerNews/Ukrainian metal)Details
Yuzhkoks intends to completely reconstruct gas-heating system of coke-oven batteries Nos. 5, 6 and 7. In particular, gas heaters will be removed from the battery tunnels. In January-July, Yuzhkoks produced 439 thousand tons of coke, up by 16.8% YoY, with 62 thousand tons produced in July. (Ukrainian metal)Details
In January-July, Ukraine produced 498.7 thousand tons of ferroalloys, down by 0.9% YoY. In particular, ferrosilicon manufacture grew by 31.3%, to 45.8 thousand tons, and metallic manganese – 3-fold, to 4.08 thousand tons. Nikopol Ferroalloy Plant (NZF) and Zaporozhye Ferro Alloys Plant (ZZF) produced 387.45 thousand tons of silicomanganese, up by 3.5%. NZF, ZZF and…Details
Navoi Mining and Metallurgical Combine (NMMC) has commissioned a new $200-million plant, which has a capacity to process 15 million tons of technogenic waste per annum and produce more than 7 tons of gold. Located in the Tamdyn district, the new facility is set to operate until 2040. It employs more than 1,100 people. NMMC,…Details
The State Property Fund has cancelled the privatization auction of the United Mining and Chemical Company scheduled for August 31, as only one company has been allowed to participate. The fund received 3 offers, with two companies providing incomplete package of documents. The fund still hopes to hold the auction this year and expects more…Details