International rating agency Moody’s has affirmed the corporate family rating of Russian oil and gas pipe producer TMK at B1 and the company’s default rating probability at B1-PD, and improved the outlook to Positive from Stable, the agency said in a statement. “Our decision to change the outlook on TMK’s ratings to Positive mainly reflects…
IRC Ltd, the iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 12.5% QoQ, to 695,431 tons, in October-December 2019, the company said in a statement January 23. In 2019, production rose by 15.3% YoY, to 2.576 million tons. Sales of iron ore concentrate went…
Mining, drilling and blasting operations will be resumed at Kumtor gold mine in the coming days, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev has announced. According to him, Kumtor Gold Company CJSC received the necessary permission from the state bodies. The State Committee for Industry, Energy and…
In 2019 Ukraine decreased ferroalloys exports by 7.8% YoY, to 833.608 thousand tons, valued at $910.172 million, down by 6.9%. According to the State Customs Service, the main customers were Italy (17.44%), Turkey (16.13%) and the Netherlands (9.61%). Last year Ukraine imported 44.411 thousand tons of ferroalloys, down by 26.4% YoY, valued at $130.522 million,…
Balakovo Iron and Steel Works intends to start producing rails. Having evaluated the possibilities of the enterprise, the new owner – Abinsk Electrometallurgical Works – has decided to construct a new shop to produce rails and beams. The company might start producing 100-meter rails. At present only two plants produce them, thus, the demand is…
The property of the bankrupt Ufaleinickel has been put up for sale for 568 million rubles. Ufaleinickel was a city-forming enterprise, employing 2.5 thousand people. The operation was suspended because of the low price of products. The initial price of the auction is 568.699 million rubles. It will decrease by 10% each 10 calendar days…
Korolevsky Pipe Works has modernized the equipment at its manufacturing and warehouse complex in the town of Togliatti. The range of round electric-welded pipes has been added to the product mix. From now on the company offers round pipes with diameter of 57 to 89 mm and the wall thickness of 3 to 4 mm.…
In 2018 Korshunovsky Mining and Processing Works produced 2.5 million tons of iron ore concentrate, up by 24% YoY. Iron ore mining grew by 3%, to 6.5 million tons. Most of the concentrate is supplied to Chelyabinsk Iron and Steel Works. (Ukrainian metal)
Russia’s gold output rose by 16.18% YoY, to 337.26 tons in January-November 2019, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 9.09%, to 266.06 tons, and by-product gold output by 21.97%, to 17.6 tons, while gold scrap production grew by 67.6%, to 53.6 tons. Silver…
NLMK Metalware, a leading fastener manufacturer in Russia, has launched a new production line with a capacity of 3,400 tons of self-tapping screws per year. The launch of the new facility will enable the company to expand its presence in the Russian fastener market, primarily through import replacement. NLMK Metalware has been manufacturing self-tapping screws…
In 2019 Ukraine increased imports of copper and copper wares by 17.9% YoY, to $124.36 million. According to the State Customs Service, exports decreased by 42.9%, to $79.668 million. In December 2019 Ukraine imported $9.995 million worth of copper and exported $6.831 million. Ukraine decreased imports of nickel by 11.5%, to $83.27 million ($5.429 million…
In 2019, Zaporozhye Iron Ore Complex increased iron ore output by 2.4% YoY, to 4.661 million tons. In December 2019, the company produced 390 thousand tons of iron ore. Output grew by 1.1% in 2018, to 4.552 million tons. 4.46 million tons of ore were shipped to customers. (Ukrainian metal)
In 2019, cargo transportation along railroad decreased by 2.9%, to 312.9 million tons. According to the State Statistics Service, transportation of iron and manganese ore grew by 2.7%, while of ferrous metals, coke and scrap decreased by 5%, 12.1% and 12.9% respectively. Transportation of coal also decreased – by 6.4%. (Ukrainian metal)
In 2019, 422 employees perished in the industry, up by 3.2% YoY. The total number of work accidents was 3.876 thousand, down by 6%. In particular in metallurgy 199 people were injured and 13 perished, while in mining – 160 and 16 respectively. (Ukrainian metal)
In 2019, Central Mining and Processing Works increased pellets output by 4.3% YoY, to 2.402 million tons. Iron ore concentrate manufacture grew by 0.5%, to 4.436 million tons. In December 2019, CGOK produced 214 thousand tons of pellets and 391 thousand tons of concentrate. (Ukrainian metal)
In 2019, Ukraine exported 39.9 million tons of iron ore and concentrates valued at $3.398 billion, up by 8.1% and by 18.5% YoY respectively. According to the State Tax Service, 34.3% of ore were sold to China, 12.7% – to Poland and 10.3% to the Czech Republic. Imports totaled 14.245 thousand tons valued at $1.412…
In 2019, Blagoveschensk Fitting Works considerably increased the output of high-pressure large-diameter pipe fittings. The growth followed the increase of demand from local companies, which previously purchased foreign products. Last year BAZ mastered the manufacture of 40 types of high-pressure fittings. Output grew 7-fold, to 510 tons. (Ukrainian metal)