Metal product sales of ММК Metalurji, a Turkish affiliate of Russia’s Magnitogorsk Iron and Steel Works (MMK), decreased by 15.9% QoQ, to 158,000 tons in October-December 2019 due to a tough market situation, MMK said in a statement on January 21. In the whole of 2019, the sales fell by 6.2%, to 720,000 tons, it…Details
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In 2019, the net profit of Kyrgyzaltyn OJSC, excluding Centerra Gold dividend income, amounted to 286.5 million soms, press service of the company reported. Compared with 2018, the figure has reportedly tripled. In addition, the company has transferred 400 million soms in taxes and payments to the budget. Including dividends, 100 million soms have been…Details
In 2019, Olkon produced 4.339 million tons of concentrate, up by 2.4% YoY. The growth was due to the increase of deliveries to Cherepovets Iron and Steel Works. Average iron content in concentrate reached 68.45%, an absolute record for the company, with the maximum reached in December 2019 – 68.81%. This year output volume is…Details
In 2019, Yuzhniy Kuzbass mined 8.7 million tons of coal, up by 26% YoY. Factories processed 8.7 million tons, up by 4%. Some 6.5 million tons of coal have been shipped to customers, up by 20%. Excavation works increased by 36%, to 40 million cubic meters of rock. In December 2019, over 1 million tons…Details
Zagorsky Pipe Works has successfully confirmed its correspondence to API requirements. In late December 2019, a supervisory audit was carried out at the works. The company confirmed the correspondence of its quality management system to API Specification 5L:2018, Q1:2013 and ISO 9001:2015. ZTZ has passed this check for the third time. (Ukrainian metal)Details
Zlatoust Electrometallurgical Works is preparing to commission the fifth Bosio heat treatment furnace. The construction of a new heat treatment site on the basis of the rolling shop No. 3 has become a part of a large-scale project to unite all processes of metal treatment in one shop. Having commissioned Bosio furnaces in September 2019,…Details
In 2019, Sukhaya Balka increased iron ore output by 0.3% YoY, to 2.727 million tons. In December 2019, the enterprise produced 243 thousand tons of ore. In 2018, the output grew by 8.4%, to 2.725 million tons. Last year Sukhaya Balka intended to prepare two new horizons (1500 and 1580 meters) at the Yubileynaya mine.…Details
In 2019 Izmail seaport decreased throughput by 8.5% YoY, to 4.3 million tons. Due to the crisis of the metal industry, exports of pellets have decreased considerably. At the same time, the annual target has been met, mostly due to the 2-fold growth of iron ore raw materials transit, to 245.9 thousand tons. The port…Details
The VTB bank is providing a gold-extracting company Omchak with a loan of 2.9 billion rubles for 7 years. The interest rate is set at 9.75%. Susumanzoloto, the parent company of Omchak, acts as a pledger. The board of directors approved of the loan and pledge until October 8, 2029. Susumanzoloto will pledge 100% of…Details
Polyus Aldan continues its tradition of commissioning new machines at the start of the year. While last year the company received 5 dump trucks, this year it put 6 machines into operation. The Komatsu and Caterpillar trucks have been manufactured taking into account their operation in the conditions of the North. 4 dump trucks with…Details
Backstar Holdings Limited (Cyprus) has purchased 15.46% of Seligdar shares, having increased its share from 3.75% to 19.21%. All in all the company has bought 186.6 million voting shares. The price of the purchase was not disclosed. Now the Cyprus company owns 190.4 million shares. Backstar Holdings increased its share in Seligdar in November 2019…Details
In November 2019 Russia exported 63.3 thousand tons of refined copper, down by 4% MoM and by 7% YoY. Deliveries to China continued growing and reached 28 thousand tons (13 thousand tons in October 2019 and 7 thousand tons in September 2019). Exports to Germany stopped. The Netherlands imported 35% of the total volume (22…Details
In November 2019 Russia imported 4.6 thousand tons of aluminum scrap and wastes, up by 70% MoM and by 60% YoY. Deliveries from Kazakhstan remained unchanged at 16.8 thousand tons. At the same time, purchases from US grew 3-fold, to 2.3 thousand tons. In 11 months of 2019 imports totaled 27.6 thousand tons, down by…Details
NLMK Group has published its Q4 2019 and 2019 operating results. In 2019, steel output decreased by 10% YoY, to 15.7 million tons, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tons, or by 3%, following the decrease in output. Sales to “home” markets grew…Details