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Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…
DetailsIn April, according to the railroad statistics, steel deliveries (rolled metal and pipes, including imports) to the bases of the main traders and networks totaled 907 thousand tons, down by 2.1% MoM, but up by 3.4% YoY. In March the results were +21.4% and +9.8%, while in February –12.3% and –9.8% respectively. In January-April deliveries…
DetailsArtel-DV LLC is researching the profitability of developing the Primankinsky alluvial gold node. According to the company CEO Albert Knaus, the site has prospects and its reserves allow it to be developed for several years. Last year the company extracted 18 kg of gold, down 2-fold from the target, but up by 17% YoY. The…
DetailsTaganrog Iron and Steel Works has produced 4 million tons of pipes. The anniversary ton of pipes will go to the city of Surgut. Tagmet was created in 1896, and is now one of the highly technological pipe works in the world. (Ukrainian metal)
DetailsIn January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…
DetailsIn April Dneprospetsstal produced 21777 tons of steel and 14419 tons of rolled metal, down by 2% and by 3.2% MoM respectively. The total cost of goods manufactured in April was 840510 thousand UAH, down by 0.11% MoM. In January-April the company produced 85.626 tons of steel and 57182 tons of rolled metal valued at…
DetailsIn 2017-2018 Metallinvest-Novosibirsk supplied metal for a number of major construction projects in Krasnoyarsk and Novosibirsk regions. In particular, in October 2017 the company provided rolled metal for the construction of the Berezovskaya Hydro Power Plant. The company supplied 186 tons of rolled metal. And for the Berezki cottage town in the suburbs of Novosibirsk…
DetailsThe European Commission has started reviewing the volume of the antidumping duties in respect of pipe imports from Ukraine, manufactured by Interpipe. “The claimant has provided enough evidence that the application of the current level of duties is no longer necessary”, the commission said. The review can take up to 15 months. In early July…
DetailsThe Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev met with the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov, the press service of the government reported. Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining were one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of…
DetailsThe prices of main precious metals increased in Azerbaijan on May 10, according to the data published by the Central Bank. The cost of gold increased by 6.698 manats, to 2236.095 manats per troy ounce compared to the price on May 8. The cost of silver increased by 0.1647 manats, to 28.1314 manats per ounce.…
DetailsIn 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY. The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region. Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)
DetailsThe Belarus Iron and Steel Works has expanded the overall export geography to 118 countries, the company’s press service reported. This year the steel mill BMZ has shipped a batch of rolled steel to Guatemala. In January-April BMZ also offered new kinds of metal products to Denmark and Mali. According to the latest data, in…
DetailsDomestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…
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