Nordgold net profits in January-March dropped by 3% YoY, to $39.8 million. According to the company statement, earnings grew by 17%, to $293 million. EBITDA increased by 10%, to $131 million. The company consolidated debt at the end of Q1 decreased by 3%, to $927.9 million, with net debt up by 15%, to $677.7 million.…Details
NLMK Group, an international steel company with facilities in Russia, the USA, and the EU, has signed a five-year contract for the supply of raw materials to the production facilities of EUROCEMENT group, Russia’s leading manufacturer of construction materials. The contract, which runs until the end of 2022, covers an annual supply of up to…Details
Within the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…Details
Trubodetal (Chelyabinsk, a part of OMK) has successfully passed the American Petroleum Institute audit. The auditors checked the quality management system according to API Specification Q1, edition 9, and ISO 9001:2008. “Now all our customers working in oil and gas transportation demand international certificates, so each audit is important for us. This is always a…Details
For the first time TMK-INOX produced a batch of electric-welded stainless (austenitic) steel pipes to be used under high pressure in aggressive environment requiring high corrosion-resistance, the company’s media office reports. Manufacture of new size-types of electric-welded stainless steel pipes along with the regular range is part of import substitutions program. TMK-INOX is one of…Details
In Q1 Metalloinvest produced 10.07 Mt of iron ore, up by 0.4% YoY. Production of nodules grew by 0.2%, to 5.98 Mt, while production of direct reduced iron dropped by 0.6%, to 1.47 Mt. Pig iron production dropped by 14.6%, to 0.64 Mt. Steel smelting increased by 12.6%n to 1.23 Mt. In Q1 iron ore…Details
In January-April major companies – Nikopol and Zaporozhye Ferro Alloys Works – increased ferroalloys output by 4.9% YoY, to 334.54 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 1.2%, to 261.49 thousand tons, and of ferromanganese – by 51.7%, to 39.45 thousand tons. Ferrosilicon production dropped by 5.6%,…Details
In 2016 Russia received 940 thousand tons of anthracite and 95 thousand tons of other coal from occupied territories of Donetsk and Lugansk regions. These are only the volumes that have been officially included in the Russian Railroads statistics. In 2015 Russia illegally took some 1.3 million tons of anthracite from the occupied territories. Donbass…Details
In January-April the Nizhniy Novgorod subsidiary of the First Cargo Company (PGK) transported 162 thousand tons of ferrous scrap via the Gorkovskaya railroad, up by 9% YoY. “The positive dynamics is connected with the increase in transportation of NLMK and Severstal products, the railroad discount on local scrap deliveries, as well as the development of…Details
In January-April gold-extracting factory of Yubileyniy Mining and Processing Works, a part of Amur Zoloto, processed 28592 tons of ore and produced 364.2 kg of gold and 278.6 kg of silver. Perevalniy GOK mined 28513 tons of ore, transporting 27929 tons to Yubileiniy GOK. The construction of a processing factory is underway. All in all…Details
In April UGK Group purchases Schelkovsky Secondary Precious Metals Works, a major Russian precious metals processing works. The works is engaged in refining of Dore alloy and processing precious metals-containing secondary raw materials. The works has the London Good Delivery certificate. At present the machinery and equipment are being modernized. After that the works will…Details
As of May 6, all the 10 dredgers of the Solovievsky mine have started operating. The largest alluvial gold site in Amur region is in Tyndinsk and Skovorodinsk districts. In January-April the enterprise yielded 392 kg of alluvial and ore gold. The first dredger started operating on March 28. Taking into account weather conditions, so…Details
Rails produced by Chelyabinsk Iron and Steel Works has demonstrated high strength during the tests at the Russian scientific and research institute of railroad transport. ChMK products have withstood the loading of 750 million ton-km. The rails have been tested since 2014. ChMK started producing new rails in 2013 having put a rail-beam mill into…Details
In January-April Ukraine produced 3.326 million tons of 6% moisture metallurgical coke, down by 25.2% YoY. According to Ukrkoks, in April 744 thousand tons of coke were produced, and 773 thousand tons in March. Avdiivka Coke and Chemical Works started increasing output thanks to batteries No. 7 and 9 put into operation. So in May…Details
Belarus’ investment climate is comfortable for business, director of the Belarusian-Danish company BuySteel Yuri Firko said as he attended the Gomel Economic Forum. An investment agreement to set up a manufacturing facility in Mozyr District with the participation of the Belarusian-Danish BuySteel was signed during the plenary session of the forum on May 19. The…Details
Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…Details
National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…Details
Metinvest mining and metal group has paid $5.202 million of interest on new $1.197 billion notes due on December 31, 2021, the group has reported on the website of the Irish Stock Exchange (ISE). In addition, Metinvest capitalized $12.253 million of interest over the period, as the group did not have extra free funds exceeding…Details
Ukraine has received a confirmation of the arrival of the working group from USA on May 23. At present Ukraine is reviewing three sources of coal. “There are three sources, from where we intend to buy coal. The first is Richards Bay in South Africa. DTEK and Tekhnova are the main importers. Then its Kazakhstan,…Details
In March Russia exported 1.28 million tons of non-alloyed steel semi-finished products, up by 0.9% MoM, but down by 10.3% YoY. According to the customs statistics, in January-March exports totaled 3.72 million tons, up by 1.9% YoY, but down by 2.3% from 2015. Earnings increased by 72%, to $1460 million. This is the highest result…Details
In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million.
The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)
In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million.
The corrected net profits totaled $21.1 million, up 7.5-fold YoY.
Uranium output dropped to 1110 tons.
Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)