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Several of fifteen miners of the Georgian Manganese in the western town of Chiatura have sewn their mouths in protest as the company refuses to fulfill their demands regarding increased salaries. The miners went on strike on May 15, demanding a 50% increase in salaries, improved healthcare, working conditions and nutrition and banning the movement…
DetailsIn January-March silver output in Russia decrease by 10.9% YoY, to 223.28 tons. The drop is due to the decrease of secondary silver deliveries to refining works – by 34%, to 47.93 tons. At the same time silver extraction remained almost on the previous level – 99.2 tons. Output of accompanying silver did not change…
DetailsIn January-March, Russia produced 58.12 tons of gold, up by 12.6% YoY. Gold extracting grew by 15.5%, to 45.95 tons. Manufacture of accompanying gold totaled 4.32 tons, up by 21%, and of secondary gold – 7.85 tons, down by 4.9%. The main suppliers of gold were Magadan region and the Chukotka Autonomous District. (Ukrainian metal)
DetailsAccording to the Federal Service of State Statistics, in January-April, Russia produced 1.5 million tons of metal structures, up by 18.1% YoY. In April, metal structures output grew by 6.5% YoY and by 0.5% MoM. (Ukrainian metal)
DetailsIn January-March, Mechel produced 930 thousand tons of steel, down by 12% YoY, but up by 3% QoQ. The manufacture of bars totaled 607 thousand tons, down by 11% YoY and by 2% QoQ, and flat rolled metal – 114 thousand tons, down by 17%, but up by 26% respectively. Bars manufacture at the rail…
DetailsIn January-March, Mechel net profit grew 3.44-fold YoY and 7-fold QoQ, to 11.336 billion rubles. Gross profit increased 3.3-fold YoY, to 11.714 billion rubles. EBITDA dropped by 17%, to 15.322 billion rubles, though it grew by 2% QoQ. The group net debt as of March 31 was 456.585 billion rubles ad opposed to 467.704 billion…
DetailsIn March, Turkey decreased pig iron exports by 23.4% YoY, to 235 thousand tons. According to TUIK, money-wise imports dropped by 25.7%, to $120 million. In particular, deliveries from Ukraine decreased by 54%, to 50 thousand tons, and from Russia by 3.57%, to 258 thousand tons. (Ukrainian metal)
DetailsPresident of Kazakhstan Kassym-Jomart Tokayev has visited the Aktobe Ferroalloy Plant of the Transnational Company Kazchrome JSC. The Head of State got familiar with the industrial process and the performance indicators of one of Kazakhstan’s metallurgy flagships. Besides, the People’s Oversight project, in which people with disabilities are involved in ensuring occupational health and safety…
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