Mariupol Ilyich Iron and Steel Works has received two electric engines. They will operate in the sheet-rolling shop 1700. The reconstruction of the mill will allow the company to expand sales markets because of the improvement of quality and the increase in weight. Investments in the shop modernization total 2.4 billion UAH. The engines were…Details
Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…Details
The State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…Details
In 2018 Yakutia became one of the three largest gold extractors in Russia.
The output has reached 29.5 tons, up by 20% YoY.
Aldansky district yielded 12.75 tons of gold.
The Sakha Gold Mining extracted 17.4 thousand ounces of alluvial gold last year.
Polyus Aldan mined 6.209 tons of gold. (Ukrainian metal)
Following prospecting works in 2018, DVGK LLC intends to increase the gold reserves in the central part of Bolotistoye deposit by some 13 tons. When the reserves are approved, the company will start prospecting at other sites, as well as searching for an investor to construct a mining and processing works. Taking into account the…Details
On February 22 the Eurasian Economic Commission considered a number of integration, trade, as well as customs and technical regulation issues.
One of the decisions was the zeroing of the customs duties on some of grafitized electrodes.
At present the duty is 5%.
The 0% duty is applied till April 30, 2020. (Ukrainian metal)
In January Ukraine exported $48.728 million worth of steel pipes, down by 9.1% YoY.
Imports grew by 54.1%, to $19.118 million.
According to the State Fiscal Service, in January exports dropped by 13.6% MoM, while imports – by 2.3%, to $0.454 million.
USA imported the most pipes – $11.852 million. (Ukrainian metal)
The prices of precious metals increased in Azerbaijan on February 25. The price of gold grew by 10.7355 manats, to 2,262.5895 manats per ounce compared to the price on February 22. The price of silver went up by 0.2537 manats, to 27.1554 manats per ounce. The price of platinum increased by 39.423 manats, to 1,444.0820…Details
In 2018 metal products accounted for 24.6% of the total volume of exports. According to the Ministry of economical development and trade, metal exports grew by 14.9% YoY, to $11.6 billion. Metal industry provided for the second largest contribution to exports after agriculture. The share of agriculture products in the exports was 39.3%, or $18.6…Details
In 2018 Zaporozhkoks, under a program to increase energy efficiency, decreased consumption of the main resources – gas, steam and electricity – at the same time retaining output volumes. This allowed the enterprise saving some 41 million UAH. At the same time the blast furnace coke output volumes remained unchanged – 825 thousand tons. (Ukrainian…Details
In January the Far Eastern Railroad transported 1.5 million tons of coal, down by 12% YoY. Last year coal transportation dropped by 5.5%, to 17.8 million tons. At the same time iron ore concentrate transportation grew by 88.9%, to 60 thousand tons. In the whole 2018, 664 thousand tons of concentrate were transported, up by…Details
OMZ-Spetsstal has concluded an agreement to supply pipe billets to the Pipe Metal Company. The billets will be used to produce corrosion-resistant casing pipes for Gazprom. The companies have been cooperating since 2016. In 2018 OMZ-Spetsstal received a certificate enabling it to supply metal to TMK. Last autumn the company shipped some 800 tons of…Details
In 2018 Belarus increased the exports of anthracite coal to Ukraine 340-fold, and ordinary coal – 980-fold. Belarus has no coal deposits of its own. Coal re-exports last year totaled 853.9 thousand tons valued at $74.9 million. Ukraine accounted for 588.5 thousand tons (0.6 thousand tons in 2017) at $50.3 million ($63 million), and EU…Details
In January Russia produced 882 thousand tons of pipes, down by 7.7% YoY and by 10.7% MoM. According to the Rosstat, rolled metal output decreased by 4.5% MoM, but was on par with January 2018 – 5.1 million tons. Russia produced 4.4 million tons of pig iron, down by 4% YoY and by 1.4% MoM.…Details
In January the Novosibirsk subsidiary of the First Cargo Company increased the ferrous metals transportation 1.7-fold YoY, to 38 thousand tons. “The positive dynamics is due to the consumption growth on the domestic market and high demand from North-Eastern Africa and the Near East”, the subsidiary director Yevgeniy Dolzhenko said. Ferrous rolled metal transportation grew…Details
In 2018 KAZ Minerals profit increased by 14% YoY, to $510 million, thanks to the growth of copper output and sales.
Revenue grew by 30%, to $2.16 billion.
EBITDA went up from $580 million to $642 million.
Copper output increased by 16%, to 296 thousand tons. (Ukrainian metal)
Dobropolskaya mine has commissioned the first new long face this year. On February 20, the miners descended to the site No. 1 of the long face No. 4. The shaft has enough coal for 11 months of operation – some 430 thousand tons. DTEK invested 50 million UAH in the long face. In March DTEK…Details
In January Ukraine increased pig iron exports by 25% YoY and by 58.7% MoM, to $95.083 million. According to the State Fiscal Service, imports dropped by 74.3% YoY and by 88% MoM, to $0.009 million. The main customer in January was the US ($60.65 million). In 2018 Ukraine exported $1.052 billion worth of pig iron,…Details
Evraz NTMK has chosen suppliers of the main machinery for the modernization of its blast furnace No. 6. Investments in the project total $150 million. The main machinery will be supplied by Paul Wurth S.A. Electric equipment will be supplied by Primetals Technologies. “The modernization of the blast furnace No. 6 will allow us producing…Details
On February 22 Pravourminskoye LLC was accepting offers for its BO-01 bonds valued at 3 billion rubles. The placement of 10-year bonds is scheduled for February 27. The maturity date is March 31, 2028. The value of each bond is 1 thousand rubles. In December 2012 the company placed 7-year bonds valued at 3 billion…Details
Yuzhniy Kuzbass has mined 50 million tons of coal since it put the Olzherasskiy pit into operation.
The coal extraction at the pit started in September 1980.
Its reserves are estimated at 72 million tons.
At present the company is developing two sites – Berezovskiy and Berezovskiy-2. (Ukrainian metal)
This year the Novaya extracting team, which develops deposits in Yakutia, intends to extract 150 of gold. Last year the yield was 224 kg, up by 4 kg from the target. In 2019 the company will be developing two sites – Nizhnyaya Amunakta and Tangrak. In 2017 the team extracted 382.6 kg of gold. (Ukrainian…Details
Chelyabinsk Iron and Steel Works has successfully passed the audit by Rosatom and has been included in the database of stainless sheet suppliers. The auditors inspected the technological line of the rolled stainless steel manufacture: from raw materials preparation to ready-made products shipping. “Last year we were selling stainless steel for the manufacture of tanks…Details
The prices of precious metals decreased on February 22. The price of gold dropped by 26.6645 manats, to 2,251.854 manats per ounce compared to the price on February 21. The price of silver fell by 0.3681 manats, to 26.9017 manats per ounce. The price of platinum went down by 1.1475 manats, to 1,404.659 manats, and…Details