On February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…Details
In January the Zabaykalye region mined 281.7 kg of ore gold, up by 3.5% YoY. As of February 1, Mangazeya Mining LLC, Darkhan LLC and Novoshirokinsky Mine have been mining for gold. Silver output reached 1200 kg. Only Novoshirokinsky Mine extracts silver. In 2017 the region obtained 13 tons of gold and over 40 tons…Details
An enterprise of Rosgeologia has completed the prospecting works within the Dakhovskoye gold deposits in the Republic of Adygeia. Following the prospecting, gold-quartz-sulfide ores were found. Estimated reserves are 73.79 tons of R2 gold, including 50.98 tons with 2.8 g per ton at the Shibaba site, 13.02 tons with 1.66 g per ton at the…Details
This year Severstal will supply some 209 thousand tons of rolled metal to railroad car building companies of the United Wagon Company. Cherepovets Iron and Steel Works has been supplying sheets and coils, as well as pipes and bars to the OVK enterprises. The metal is used to manufacture various parts of railroad cars. Last…Details
In 2017 the mining industry of Kyrgyzstan paid to the budget 9,861,212.7 billion soms in taxes, the Mining and Metallurgical Trade Union reported. The organization noted that the mining industry provided more than 8.5% of Kyrgyzstan’s GDP, over 50% of the country’s industrial production and exports, and more than 15% of tax revenues. After the…Details
The Cabinet of Ministers has ordered the Finance Ministry to solve the issue of repayment of wage arrears to coal mining industry workers. The relevant report has been posted on the Finance Ministry’s website. “Under the instruction of Prime Minister Volodymyr Groysman, the Finance Ministry is involved in solving the problem of wage debts to…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY. According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9%, or by 984 thousand tons, to 2.1 million tons, and coking coal – by 2.95%, or by 16 thousand tons, to 559 thousand tons. State mines decreased…Details
In 2017 Irkutsk Aluminum Works manufactured 335.208 thousand tons of high-added valued products, or 80% of the total output. In 2016 the figure stood at 72%. Last year IrkAZ produced over 419 thousand tons of metal, up by 19 thousand form the project capacity. This is the first time that the company reaches such results.…Details
In 2017 Uralelectromed produced 44 tons of tellurium with the purity of 99.95%, up by 2.5% YoY.
Moreover, for the first time the company produced 130 kg of 99.999% tellurium.
UEM commissioned the tellurium production site in 2013.
The cost of the project was 105 million rubles. (Ukrainian metal)
In 2017 Evraz NTMK decreased air pollution by 3.7% YoY. Last year the company repaired dust exhaust systems at major divisions, including at three ladle furnaces in the converter shop, foundry shops and slurry utilization site. The modernized machine of dry coke quenching was put into operation in the by-product coke shop. The project will…Details
Evraz ZSMK has for the first time sold a batch of 54 E1 rails weighing 1650 tons to Greece. The rails will be used to expand the Athens subway. “The strategic goal of Evraz is to become a serious player on the European market of railroad transportation. We are counting on the further development of…Details
Vladimir Potanin’s Interros Holding has offered Crispian Investments Ltd, affiliated with Roman Abramovich and his partners, to buy its share in Norilsk Nickel.
Interros already has 30.3% in Nornickel. Rusal owns 27.8% and Crispian Investments – 4.95%.
The cost of the shares that Interros wants to buy is estimated at 90 billion rubles. (Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih decided to support its employees, who served in ATO zone. Starting from this year, they can take a course on health improvement and therapy in the company’s healthcare center Dzherelo. They will be provided with the full remedial complex, accommodation in comfortable rooms and meals. The healthcare center is of general…Details
PJSC ArcelorMittal Kriviy Rih presented its investment activity during the meeting with regional deputies and representatives of German society for international cooperation GIZ. The seminar took place with participation of Consul-General of German Federal Republic Wolfgang Mössinger and Head of Dnipropetrovsk Regional Council Gleb Prygunov. Environment, infrastructure and trade became the main seminar themes. GIZ…Details
In 2017 Polyus received $1.241 billion of net profit, down by 14% YoY, or 72.191 billion rubles, down by 24.2%. Revenue grew by 11%, to $2.721 billion, EBITDA – by 11%, to $1.7 billion. In Q4 2017 Polyus net profit dropped by 28% QoQ, to $267 million, and corrected net profit by 19%, to $242…Details
The Titan Group of Companies intends to construct a plant to produce 36 thousand tons of silicon per year. The group will invest 1.5 billion rubles in the project, and 5.5 billion rubles more will be provided by the Eurasian Bank of Development over 10 years. In late May 2017 Titan started looking for a…Details
In January Zabaykalye region mined 1904.42 thousand tons of coal, down by 8% YoY.
10 companies are mining for coal in the region. The leaders are Razrez Tugnuysky, Razrez Kharanorskiy and Chitaugol LLC.
Two companies – Takecha LLC and Kutinskiy Razrez LLC – have not started mining. (Ukrainian metal)
In the past 17 years the market of rebar ropes has grown 6-fold, to 6 million tons. According to the Armasteel director Lev Zaretskiy, the company has mastered the manufacture of a new type of rebar ropes – 10-wire ropes K10. Such ropes allow construction companies to save cement (up to 30%), replace crushed stone…Details
In 2017 Metalloinvest increased sales of high quality rolled metal for bridge construction by 24% YoY, to 230 thousand tons (186 thousand tons in 2016). Last year a number of major infrastructure objects constructed of the UralStal steel were commissioned, such as the bridge over the Volga River in Nizhniy Novgorod and over the Tura…Details
In January Ukrainian metal companies decreased natural gas consumption by 5% YoY, to 190 million cubic meters. In December 2017 the volume of consumed gas was the same, while in November 2017 – much lower – 165 million cubic meters. Electricity consumption in January reached 1.1 billion kW-h, down by 8.3% YoY, but up by…Details
In January Ukraine procured 279 thousand tons of scrap, up by 16% YoY, but down by 22% MoM.
Of this volume domestic metal companies received 245 thousand tons, down by 20% MoM, but up by 7% YoY.
Exports decreased by 35% MoM, but grew 3.4-fold YoY, to 34 thousand tons. (Ukrainian metal)
In January Ukraine produced 950 thousand tons of bulk coke, down by 6% YoY. Supplies of coke to domestic metal companies grew by 6% YoY and by 0.5% MoM. The share of imported coals was on the level of 74% – 850 thousand tons out of 1.15 million tons, and of coke – 9% (85…Details
In January Ukraine produced 5.39 million tons of iron ore concentrate, up by 7% YoY. Pellets output went up by 3%, to 1.94 million tons, and sinter – by 5%, to 2.84 million tons. Supplies of iron ore raw materials to metal companies in January were up by 7% MoM, but down by 2% YoY…Details
In 2017 Russia exported 0.1363 million tons of raw nickel, down by 26.6% YoY. Almost all the volume was sold to the far foreign countries (0.136 million tons). According to the Federal Customs Service, raw aluminum exports dropped from 3.481 million tons in 2016 to 3.208 million tons in 2017. Far foreign countries accounted for…Details
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
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