A new large deposit of gold ore has been discovered in the Rakhov district of Zakarpatye region. According to estimates, the reserves are 2.4 tons of gold. The only operating gold deposit in Ukraine is the Muzhievskoye. It has 55 tons of gold, and 1 million tons of zinc and lead, valued at around $3.8…Details
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In 2017 Tajikistan exported 103 thousand tons of aluminum valued at $203 million. According to the Customs service, the average world price last year was $1970 per ton. In 2016 Tajikistan exported 132 thousand tons of aluminum at $1590 per ton, for the total value of $210 million, In January-October 2017 TALCO decreased output by…Details
In 2017 Amur Ugol mined 3.4 million tons of coal, having exceeded their manufacturing plan by 3%. The Severo-Vostochny pit, one of the oldest in the Far East, increased output by 10% YoY, to 1.4 million tons. It was put in operation in 1932. Over 2 million tons were mined at the relatively young Yerkovetsky…Details
Volzhsky Pipe Works hosted a meeting with the representatives of the local authorities. The deputy governor, chairman of the industry and trade committee of the Volgograd region Roman Bekov noted the positive experience of pipe makers who occupied leading positions in exports not only in the region, but in the country as well. The works…Details
In December 2017 scrap procuring companies procured 357 thousand tons of scrap, up by 12% MoM, of which 305 thousand tons were supplied to the metal companies, up by 13%, and 52 thousand tons exported, up by 8%. The scrap provision rate was 104%. In 2017 out of 3.79 million tons of scrap procured, up…Details
In 2017 Severstal increased steel output by 0.2% YoY, to 11.651 million tons. According to the group report, pig iron manufacture dropped by 2%, to 9.158 million tons. Consolidated steel sales grew by 2%, to 10.919 million tons. In Q4 2017 steel output grew by 2% QoQ, to 3.012 million tons, and that of pig…Details
In 2017 the pipe rolling division of the Belarus Iron and Steel Works increased its output by 70% in comparison with 2016, the company’s press service reported. In 2017 the BMZ pipe rolling division made 141,801 tons of hot-rolled seamless pipes setting a new record for the last ten years. In 2017 BMZ shipped the…Details
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…Details
Polyus, the largest gold-extracting company in Russia, has changed its dividend policy. The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million. Thus, the amount of dividends for the corresponding period will total 30%…Details
UC RUSAL, a leading global aluminum producer, announces the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminum Smelter. The total amount of investment in the project reached $30 million. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage…Details
Industrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017. Coking coal mined by IMH Coal division in 2017 increased to 2.83 million tons, by 28% YoY, and accounted for the absolute record for the company’s…Details
Russia: high-strength Ural Steel rolled steel meets Russian Maritime Register of Shipping certification requirements
Ural Steel (a part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its…Details
In 2017 Evraz Dneprovsky Iron and Steel Works produced 918 thousand tons of steel, down by 13.2% YoY. The decrease has to do with the capital repairs of machinery. According to the company statement, rolled metal output decreased by 11.7%, to 785 thousand tons because of the drop in structure steel demand and the increase…Details