Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world. In December 2015 Metinvest claimed having employed 94 thousand people. Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)Details
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In January-April Ukraine increased pig iron output by 9% YoY (including results of January-February 2017 at the uncontrolled territories of Donbass), to 6.89 million tons. Without the Russia-seized territories the output grew by 18%. Steel smelting dropped by 1% with seized territories, but increased by 5%, to 6.9 million tons without them. Rolled metal output…Details
Russian state geological exploration company Rosgeo plans to explore the Paramushir Island, one of the Kuril Islands, and the water area around it in the coming field season searching for mineral deposits, including gold, the Far Eastern department of the company said in a statement on May 4. The company plans to conduct the exploration…Details
Export of Russian coal in January-April increased by 5% YoY, to 59.657 million tons, the Ministry of Energy said. In April coal exports totaled 15.347 million tons. Coal mining in January-April amounted to 140.611 million tons of which 125.228 million tons were delivered. (PortNews/Ukrainian metal)Details
This year IRC Group intends to make its Kimkano-Sutarsky Mining and Processing Works reach its full capacity of 3.2 million tons of iron ore concentrate per year and start increasing the capacity to 4.5 million tons. Private investments in the project begun in 2016 have already exceeded 29 billion rubles. At present the company is…Details
The first pilot processing was carried out in spring of 2017. In a year the specialists of the Ridder Mining and Processing Works have mastered the technique to obtain concentrate from the Dolinnoye deposits ore. Since then the factory has assembled a Knelson centrifugal concentrator. The volumes of ore processing are expected to increase each…Details
Karabashmed is carrying out the modernization of its capacities. At present the foundation has been laid for the new Kumera converter with the capacity of 150 tons. The assembly of the machine will start in May, while commissioning is scheduled for Q3. The new converter will have gas purifying and exhauster equipment, which will both…Details
PJSC ArcelorMittal Kriviy Rih started hot testing of the new coke oven battery No. 5. Its operation will enable the company to minimize the volumes of coke purchased, which is at least twice more expensive than the one produced in-house. Kriviy Rih metallurgists started construction of COBs Nos. 5, 6 in 2013. First, the sixth…Details
The prices of gold decreased, while the prices of silver, platinum and palladium increased in Azerbaijan on May 3, according to the data published by the Central Bank. The cost of gold decreased by 1.2495 manats, to 2226.031 manats per troy ounce compared to the price on May 2. The cost of silver increased by…Details
In 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles. Revenue decreased by 1.6%, to 87.98 billion rubles. Gross profit dropped by 26%, to 32.2 billion rubles. The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)Details
In January-March Nizhny Novgorod region increased industrial output by 2.3% YoY. In particular, metal manufacture demonstrated an increase of 19.2%, and that of metal wares – 10.9%. Rolled metal output increased by 24.3%, while steel pipes, sections and fittings – by 17.3%. (Ukrainian metal)Details
In January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY. This year the region intends to obtain 25 tons of gold. Silver mining in 3 months increased by 88% YoY, to 43.8 tons. The goal for this year is 80 tons of silver. (Ukrainian metal)Details