Russian gold producer Polyus does not expect any other strategic investor to buy a stake in the company after cancellation of a 10% stake sale to China’s Fosun, CEO Pavel Grachyov said on February 15 in a conference call. Polyus was not part of the deal. “Nevertheless, we don’t see any initiatives to look for…Details
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Ukrmetallurgprom believes Ukraine will produce 1.9 million tons of steel in March. According to the enterprise forecast, pig iron output will total 1.9 million tons and rolled metal – 1.6 million tons. As of February 13, 19 out of 21 blast furnaces (90%), 8 out of 9 open-hearth furnaces (89%), 14 out of 16 converters…Details
Selidovugol miners have blocked the road leading to Kurakhovo, Maryinka and Krasnogorovka in Donetsk region. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, they demanded the payment of salary and clearing of debts. “The strike began near the administrative building of the state enterprise Selidovugol. Having received no reply, the…Details
Since the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…Details
Kamensk-Uralsky Iron and Steel Works has purchased stakes in Aluminium Silicon Mill Products GmbH (Switzerland) and Aluminium Silicon Mill Products HK Ltd. (Hong Kong) under the development strategy. KUMZ and ASMP have been cooperating for a long time. ASMP is the works’ key trade and marketing representative. Having acquired stakes in ASMP, KUMZ can now…Details
In 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…Details
In 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…Details
In January Interpipe Steel produced 75 thousand tons of steel, up by 25% YoY, In December 2017 steel output totaled 76 thousand tons and in November – 78 thousand tons. Round billets manufacture last year increased by 38% YoY, to 850 thousand tons. Almost all steel was sold to the group own works, with just…Details
PJSC Magnitogorsk Iron & Steel Works (MMK) has signed a contract with SMS group GmbH (Germany) regarding the supply of equipment to be used in the reconstruction of the finishing train of hot-rolling Mill 2500 at sheet rolling plant No. 4. Under the terms of the contract, the equipment will be supplied over a period…Details
The arbitrary court of the Volgograd region decided not to review the claim of the tax service on declaring Volgograd Iron and Steel Works “Krasniy Octyabr” insolvent. The tax inspection wanted the works to be declared insolvent because of its tax debts. As of December 1, 2017 the company had a debt to the budget…Details
According to the decree of the Council of ministers the list of companies that have the right to procure and process precious metals scrap and waste has been updated. One more company was included in the list, brining the total to 32. Such companies determine the terms of acceptance and submition of precious metals wares,…Details
Last year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites. According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)Details
Trading house MMK has opened a new office in the city of Shymkent. This is the fifth site of the company in Kazakhstan. The warehouse site is equipped with 2 cranes and is situated near the highway to Astana. The site offers all the product range of MMK: hot- and cold-rolled metal, rebars, sections, coated…Details