The prices of main precious metals increased in Azerbaijan on June 11, according to the data published by the Central Bank. The cost of gold increased by 4.165 manats, to 2,208.4275 manats per ounce compared to the price on June 8. The cost of silver increased by 0.322 manats, to 28.7133 manats per ounce. The…Details
TMK Chermet has invested over 80 million rubles in the purchase of 16 units of modern machines, including KamAZs with crane manipulators, Volvo artics and a Liebherr loader. The new machines arrived at the scrap-procuring sites of Yekaterinburg, Volgograd, Saratov and Bataysk. They will considerably increase the speed and volumes of delivery, loading and unloading…Details
VSMPO-Avisma has received a loan of 100 million rubles to create a site to process bulk titanium rings. 30% of the sum is provided by the Sverdlovsk-based Fund of industry development, and 70% – by the Federal fund. The company has started assembling the technological line. Vertical borers will be assembled to process titanium rings…Details
Metalloinvest will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tons of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise’s finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No.…Details
At the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were…Details
The newly elected Board of Directors of NLMK Group held its first meeting on June 8 following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the…Details
At the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders approved the payment of FY2017 dividends of 14.04 rubles per share (considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2017 is 3.36 rubles per share). Shareholders also approved the payment of dividends for Q1…Details
A worker of the mine of Vertex Gold Company was injured, eyewitnesses reported. The 34-year-old worker was hospitalized in serious condition. He’s in intensive care unit. The mine of the gold mining company is located in Chatkal district of Jalal-Abad region. The main activity of Vertex Gold Company is the development and extraction of minerals.…Details
The rolled metal consumption is expected to grow by 3-3.5% in 2018. According to Denis Dyatlov, MMK Trading House director, consumption will grow in car manufacture and machine-building, and will remain on the same level in pipe industry. Unfortunately, the construction industry shows negative results. In January-April rolled metal consumption dropped by 2%. This year…Details
According to Igor Malyshev, director of the Fund of pipe industry development, the pipe market is still facing the problem of quality dumping, indicated by a growth of faked products sales, in particular, used pipes, which are sold as new under forged documents. The volume of the shadow market is considerable – over 1 million…Details
Market players expect stabilization of supply and demand in the second half of the year. Small and medium diameter pipes consumption growth is expected on the level of 5%, and seamless pipes – 3%. The second half of the year will see a seasonal increase of demand for small and medium diameter pipes, while the…Details
In January-April exports from Russia totaled $140.2 billion, up by 26.8%. According to the customs statistics, the share of metal grew to 10.7% from 9.9% in January-April 2017. In money terms exports increased by 36.7% YoY, and in physical terms – by 15.4%. Pig iron exports grew by 39.9%, copper and copper alloys – by…Details
In January-April Russian imports totaled $75 billion, up by 18.6% YoY. Far foreign countries accounted for 88.9% of all supplies, while CIS countries – 11.1%. The share of metal grew to 7.2% from 6.8% in January-April 2017. In physical terms imports increased by 26% and in money terms – by 25.2%. Ferrous metals imports grew…Details
KAZ Minerals has signed an agreement with Non Ferrous of China on investments into Koksay project. According to the agreement, in exchange for the investments of $70 million NFC will receive 19.4% in the project. “We have successfully worked with NFC at the Bozshakol and Aktogay construction and intend to develop our relations”, the company…Details
The state enterprise Lvivugol has completely cleared the salary debts for April to its miners. According to a company representative, the enterprise received a payment from the state enterprise Ugol Ukrainy (Coal of Ukraine), which allowed paying April salary in full. Soon May salary will also be paid. Earlier miners threatened to go on a…Details
In January-May Ukraine exported 242.684 thousand tons of titanium-containing ores and concentrate valued at $50.296 million, up by 8.6% and by 44.5% YoY respectively. According to the State Fiscal Service, the Czech Republic imported 22.92% of goods, Turkey 21.7% and Mexico 14.14%. At the same time Ukraine imported 15.457 thousand tons of ores from Senegal…Details
Dalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, is starting prospecting at the Khodzhasky site. By the end of 2020 the enterprise will have prospected some 179 square km. The enterprise will be looking for gold and copper. The fieldworks of 2018 will be the first stage of the prospecting…Details
A new automated Haver FFS 600 packing complex has been put into operation in the copper sulfate shop of Uralelectromed. According to the shop director Vladimir Ivonin, the new machinery has replaced outdated equipment used for 17 years. The new machine does the same thing, but more efficiently – it packs copper sulfate into PE…Details
Ukrainian Member of Parliament, coordinator of the Information Resistance analytical group Dmytro Tymchuk says Russia has begun to massively transport coal from the self-proclaimed “Luhansk and Donetsk People’s Republics (LPR/DPR)” in the occupied areas of eastern Ukraine. “Figures show that coal supplies to Russia’s Rostov region in the first quarter of this year accounted for…Details
The prices of the main precious metals except for silver decreased in Azerbaijan on June 8, according to the data published by the Central Bank. The cost of gold decreased by 1.0625 manats, to 2204.2625 manats per ounce compared to the price on June 7. The cost of silver increased by 0.0546 manats, to 28.3913…Details
In May Russia exported 98.6 thousand tons of ferrous scrap to Belarus via railroad, down by 16.5% both MoM and YoY.
In April the results were +4.6% and -16%, and in March +27.8% and +26.4% respectively.
In January-May Russia exported 498.5 thousand tons of scrap to Belarus, down by 4.4% YoY. (Ukrainian metal)
In January-March Kimkano-Sutarsky Mining and Processing Works produced 510 thousand tons of iron ore concentrate. In particular, 140 thousand tons were produced in January, and 170 thousand tons – in February. In March concentrate output exceeded 200 thousand tons. By the end of the year the company intends to reach the project capacity of 3.2…Details
Yellow cake, or ammonium polyuranite, is the end product of enterprises, which mine uranium by ways of in-situ recovery – Dalur and Khiagda. The only drawback of this technique is the high moisture of the product (up to 30%). Later the yellow cake is processed into the triuranium octoxide with the minimum moisture. Priargunsky Manufacturing…Details
In January-May Ukraine increased coal imports by 42.9% YoY, to 9.246 million tons. According to the State Fiscal Service, the value of the coal imported was $1.248 billion, up by 20.6% YoY. Russia supplied $826.656 million worth of coal (66.19%), USA – $343.63 million (27.51%), Canada – $48.365 million (3,87%), and other countries – $30.262…Details
As of June 5, the total salary debts to miners for two months have reached 1 billion UAH. Salary debts at state mines total 400 million UAH, according to the Ministry of energy and coal industry, but in reality the sum is almost 1 billion UAH, as the ministry does not take into account 500…Details
In May Kosaya Gora Iron and Steel Works was producing ferromanganese in two blast furnaces.
The output totaled 13 thousand tons. The growth allowed replenishing stocks and increasing sales.
In particular, in May KMZ sold 6.7 thousand tons of ferromanganese, up by 36% MoM. (Ukrainian metal)