Seligdar will construct a mining enterprise on the basis of Samolazovskoye gold deposits in Yakutia. The estimated volume of investments will be 400 million rubles. The project will create some 100 jobs. The deposits are situated in the Aldansky district. C1 and C2 reserves of the primary ore for open-pit mining amount to 7282 kg.…
DetailsThe representatives of the new owner of Nikolaev Alumina Works – Glencore – have promised to comply with the current contracts and keep jobs. “Glencore representatives arrived at the plant. They were shown around the enterprise and hold negotiations with the management. Glencore has confirmed that the transition period will last for some 6 months”,…
DetailsDneprovsky Iron and Steel Combine has completed the capital repairs of its blast furnace No. 9, at present it is operating 3 blast furnaces. According to the company statement, since the blast furnace has been commissioned after repairs (October 27) and as of November 13, it has produced 24.536 thousand tons of pig iron. “The…
DetailsIn January-September Dneprovsky Iron and Steel Combine produced 870 thousand tons of rolled metal, 891 thousand tons of steel, 855 thousand tons of pig iron and 1.321 million tons of sinter, all down by 45%, 43.6%, 43.8% and 51.5% YoY respectively. In October DMK produced 209 thousand tons of rolled metal, 208 thousand tons of…
DetailsTajik Aluminum Company intends to increase aluminum output to 1 million tons per year. For this in 2018 it will start constructing a new aluminum plant and will completely modernize the existing one. The new plant will be constructed by Yunnan. The Chinese company has already prepared the feasibility study and is developing the design.…
DetailsRuspolymet will cooperate with Hermith GmbH in the sphere of titanium wares supplies. According to the group chairman of the board Victor Klochay, Ruspolymet will supply titanium products manufactured of scrap. “In Q1 2018 we will commission the machinery to process scrap and produce titanium for various uses. For this order we will not use…
DetailsRevda Non-Ferrous Metals Processing Works has received the first 3 of 8 trawlers with bulk parts of SMS Group (Germany) pressing line. The parts have been traveling for some 30 days. To unload the bulk parts of the press a special crane with the lifting capacity of 250 tons has been ordered. The heaviest part…
DetailsKarabashmed is finishing the commissioning of the new mechanized raw copper pouring line. The trial starts of the line demonstrated a 2-fold decrease of pouring time – from 2 hours to 1. “This has allowed us to increase output and decrease delay time of the converter when the metal is poured. Previously because of the…
DetailsThe state enterprise Ukrzaliznytsia has ordered Metinvest-SMC LLC the delivery of rails valued at 682.27 million UAH. This year the company has to supply 26 thousand tons of R-65 rails of K76F steel with the length of 25 m at the price of 26240 UAH per ton. In June Metinvest sold such rails 7% cheaper…
DetailsIn Q3 Tulachermet, the largest pig iron manufacturer in Russia, received 223.5 million rubles of net profit. According to the company statement, Q2 saw the net loss of 427 million rubles. In January-September the net loss totaled 672.6 million rubles as opposed to 1.6 billion rubles of net profit in 9 months of 2016. Revenue…
DetailsFerrexpo, controlling Poltava and Yeristovo Mining and Processing Works, has attracted a 3-year $195-million loan. The loan has been organized by BNP Paribas and issued by 6 international entities. The loan has to be repaid by December 31, 2020. In January-September Ferrexpo exported 7.526 million tons of pellets. In 2016 the group received $189.2 million…
DetailsAccording to the Russian Steel Association, in 2017 local steel consumption will grow by 5.5% YoY. The previous forecast, published in June, presupposed the growth of steel consumption by 2%. “The positive dynamics of metal consumption is shown by the machine-building sector – 14%. Steel consumption by car manufacturers will increase by 9%, and by…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, was recognized in the 20th Annual Report Competition organized by the Moscow Exchange and RBC Group. NLMK topped the Best Annual Report in Metals & Mining category. NLMK also received a special Long-Standing Leadership award. NLMK Group is committed…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, received a gold medal at Metal-Expo’2017, the 23rd international industry awards, for its integrated dust emission control project at the Lipetsk site. The project enabled a 6% reduction in gross dust emissions. The project covers 12 initiatives executed across…
DetailsMetinvest Group decided to purchase 1,800 open wagons in 2017 and 2018. The company will almost double its railcar fleet up to 4,000 cars. The decision is driven by the need to curtail a negative effect on the group from the shortage of rolling stock in Ukraine, which resulted, inter alia, from lower turnover of…
DetailsEnergomashspetsstal will produce another batch of supporting rolls for ArcelorMittal European companies. In particular, for AM Galati (Romania) EMSS will produce a supporting roll weighing 147.56 tons. The company is preparing to cast the 355-ton ingot, from which the roll will be made. The roll will be used in the 4300-plate-rolling mill. According to the…
DetailsIn January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY.
According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)
Holders of $500 million worth Eurobonds of the Russian oil and gas pipe producer TMK have agreed to change conditions of a 2020 issue sold at 6.75%, the company said in a statement on November 16. In late October, the company offered several changes to the conditions, including a release of TMK’s U.S. subsidiary IPSCO…
DetailsIn October Evraz ZSMK delivered 566 thousand tons of products via railroad to local customers and abroad, up by 6.8% MoM and by 5.2% YoY. In September the results were up by 23% and by 7% respectively, while in August – up by 6.5%, but down by 7.5%. In October Evraz ZSMK supplied 170.3 thousand…
DetailsIn Q3 MMK-Metiz received 392.7 million rubles of net profit, down by 12% QoQ. In Q3 2016 the net profit was 160 million rubles. In January-September the company received 1.089 billion rubles of net profit. In the corresponding period of 2016 the net profit was only 270 million rubles. In Q3 revenue grew by 6%…
DetailsIn Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…
DetailsIn January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY.
According to the State Statistics Committee, in October gold output totaled 672.9 kg.
In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)
AzerGold has signed an agreement with Enterprise Solutions Consulting Group LLC for the creation of the Enterprise Resource Planning (ERP) system. The cost of the contract is 180.76 million mantas. AzerGold was created on February 11, 2015. It is developing Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden iron- and gold-bearing sites as well as the Kyuryakchay basin.…
DetailsThe environment prosecutors filed a suit to recover 47 million rubles from Irkutsk Aluminum Works for the damage done to the environment when using the industrial and household waste landfill. According to the prosecutors the company has violated the rules to manage wastes, resulting in the damage to the environment. Thus, the soil and trees…
DetailsIn January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles.
Revenues decreased by 775 million rubles, to 55.1 billion rubles.
Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)
The assembly of a huge ball mill has started in the rotary shop of Chelyabinsk Zinc Works. The 70-ton machine is used for dry milling of zinc-containing calcined rotary oxide and turning it into a homogeneous product. According to the company CEO Pavel Izbrecht, in 2018 ChTZ will spend some 400 million rubles on environment…
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