In Q3 Polyus gold output increased by 16%, to 642 thousand ounces. Mined ore totaled 9915 thousand tons, up by 45% YoY. Gold sales increased by 5%, to $734 million at the average price of $1279 per ounce. As of September 30, the company total debt was $3151 million, up from $3084 million as of…Details
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In January-September the coal division of the Industrial-Metallurgical Holding increased coking coal output by 50%, to 2.17 million tons. The increase is the result of two mines put in operation in May. Coal concentrate output at Berezovskaya Central Processing Factory totaled 1.87 million tons, down by 4% YoY. Coke output in 3 quarters dropped by…Details
In January-September Kuzbassrazrezugol produced 34.8 thousand tons of coal, up by 4.5% YoY. Coking coal accounted for 4.6 million tons, up by 1.6% from the target. Baykaimskaya mine yielded the most coking coal – 850 thousand tons. Since the start of the year the company has shipped 31.4 million tons of coal to consumers, with…Details
In January-September DTEK increased purchases of coal from Lviv and Volyn region mines by 6.3%, to 521 thousand tons. According to the company statement, the growth has to do with the increase in electricity output at combined heat and power plants operating on the gas coal. In September Western Ukraine mines supplied DTEK with 75…Details
The Antimonopoly Committee of Ukraine has allowed Glencore to buy Nikolaev Alumina Works from Rusal. Glencore will own a share in Aluminiy Ukrainy LLC and Guardon Ukraina LLC, which own 13.96% and 86.04% in NGZ respectively. In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. (Ukrainian metal)Details
In September industrial product prices increased by 2.4%. According to the Federal Service of State Statistics, in quarrying and ore processing prices increased by 14.4%, in non-ferrous metals ore – by 1.9%. Pig iron, steel and ferroalloys became 11.2% more expensive, while non-ferrous metals prices increased by 8.3%, and copper – by 7.1%. (Ukrainian metal)Details
In September Tulachermet produced 203.2 thousand tons of pig iron – the maximum monthly result in all its history. The target for September has been overfulfilled by 6.291 thousand tons. The previous record of 202.1 thousand tons was achieved in May 2016. The growth of output is the result of the faultless operation of blast…Details
Electrozinc is cleaning its area of old clinker. Since the start of the year the company has shipped 21 thousand tons of clinker dump for processing. “Every day some 300 tons of clinker are prepared for shipping”, the company reported. Since the start of the campaign almost 43 thousand tons of clinker have been removed…Details
In January-September Uralskaya Kuznitsa increased sales by 31% YoY. In 9 months UralKuz shipped 69 thousand tons of products, up by 16 thousand tons. The increase in sales has to do with the growth of forgings manufacture of carbon and alloyed steel by 71% and by 32% respectively. Railroad axles output went up by 30%.…Details
In January-September Ukraine exported 29.1 million tons of iron ore raw materials, up by 2% YoY. In September exports increased by 100 thousand tons MoM, to 2.9 million tons. Imports in January-September dropped by 93% YoY, to 90 thousand tons. In September, just like in 6 months before that, Ukraine did not import iron ore…Details
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
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