Russian gold bar production rose by 5.4% YoY but fell by 6.1% MoM in September, the Federal State Statistics Service said. In January-September, gold bar production increased by 8.1% YoY. In 2016, Russia’s gold bar output fell by 7.8%. Previously, absolute figures on the production of non-ferrous metals were a state secret. The figures are…Details
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In January-September Severniy Mining and Processing Works produced 5.567 million tons of pellets, down by 16.1% YoY. Concentrate output fell by 7.3%, to 8.425 million tons. In September SevGOK produced 738 thousand tons of pellets and 905 thousand tons of concentrate as opposed to 644 thousand tons and 988 thousand tons respectively in August. In…Details
Employees of Rodinskaya mine (a part of the state enterprise Mirnogradugol) said coal mining stopped on October 13. Miners go underground but do not work, as they still have not received salary for August and September. “The mine director comes to us every day and asks to start working. But he cannot tell us when…Details
Neryungry-Metallik LLC, a part of Nordgold, will invest 400 million rubles in the purchase of new mining and transport machinery in 2017. The company has already put a powerful Komatsu PC-300 excavator in operation with the ladle volume of 15 cubic meters. After repairs a CAT 993 loader was put in operation. There are currently…Details
In January-September TMK sold 2.56 million tons of pipes, up by 10.3% YoY. According to the company report, in particular, it sold almost 2 million tons of seamless pipes, up by 13.1% YoY, and 625 thousand tons of welded pipes, up by 4.1% YoY. (Ukrainian metal)Details
In July-September TMK sold 1.013 million tons of steel pipes, up by 5% QoQ. Sales of seamless pipes dropped by 5.3%, to 651 thousand tons because of the scheduled repairs. OCTG pipes sales remained on the level of the previous quarter. Welded pipes deliveries increased by 30.7% QoQ, to 362 thousand tons mostly because of…Details
Representatives of the Belarus Universal Trade Exchange have visited one of the largest non-ferrous metals warehouses in Russia – in the city of Podolsk – and negotiated trade with the Galaktika Company. At present the company is one of the most successful trading enterprises in Russia dealing with wholesale of non-ferrous metals. The total size…Details
In January-September Ukrainian metal companies received 2.4 million tons of scrap, up by 6% YoY, but still 89% of their need. In September scrap deliveries increased by 20 thousand tons MoM, to 290 thousand tons, or 89% of the need. Scrap exports in September dropped by 20 thousand tons MoM, to 50 thousand tons. In…Details
In September Ukrainian metal companies consumed 135 million cubic meters of gas, down by 5 million cubic meters MoM. Average daily gas consumption stayed at the level of 4.5 million cubic meters. In January-September gas consumption increased by 3% YoY, to 1.3 billion cubic meters. Average daily gas consumption totaled 4.7 million cubic meters against…Details
Ukrmetallurgprom believes that this year steel output will fall by 12% YoY, to 21 million tons. Pig iron and rolled metal manufacture will drop by 14%, to 20 million tons and 18 million tons respectively. “In comparison with the year 2007 pig iron output decreased by 15 million tons (by 43%), steel – by 21…Details
The minister of ecology Ostap Semeral believes that the current size of the environment tax is nothing for major companies that sell metal at world prices. Thus, the environment tax size should be considerably increased. The lowest rates are in Mexico and Poland – 1 euro per ton, but in Ukraine they are 100 times…Details
In January-September Russia produced 38.8 million tons of pig iron, down by 0.2% YoY. According to the Federal Service of State Statistics, in September output increased by 4.9% YoY, but dropped by 1.4% MoM. Rolled metal manufacture in 9 months went up by 1.4%, to 45.5 million tons. In September output grew by 1.6% YoY,…Details
In January-September Petropavlovsk Plc produced 336.4 thousand ounces of gold at its 4 mines in Priamuriye, up by 12.8% YoY (298.1 thousand ounces). The Pioneer mine yielded 131.8 thousand ounces, up by 25% YoY, Albyn mine – 138 thousand ounces, up by 10.3%, and Malomyr mine demonstrated the growth of 9.5%. At the same time,…Details