Gold production in Russia’s northern Chukotka Autonomous District decreased by 12% YoY, to almost 22 tons and silver output fell by 20%, to 110.3 tons in January-October because of contraction of gold production at the Kupol, Dvoinoye, and Valunistoye fields, the regional government said in a statement on November 10. Placer gold output grew by…Details
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A gold-bearing deposit with the reserves of some 100 tons has been found on the territory of Dagestan. The auction for the deposit will be held in 2018. The prospects of the Kurush ore node were confirmed in 2007-2010. In 2014 the Federal budget gave 150 million rubles for prospecting work in the Dagestani Mountains.…Details
The rolling shop No. 1 of Zlatoustovsky Electrometallurgical Works has started producing 150×680 mm and 150×700 mm slabs of 12X18H10T steel. The metal will be supplied to the Volgograd Iron and Steel Works “Krasniy Oktyabr”. “Such wide slabs have been produced at the ZEMZ 1150-mill for the first time”, the company noted. (Ukrainian metal)Details
Since its commissioning in 2010 Severstal-Gonvarri-Kaluga, the Severstal JV with Gonvarri Steel Services (Italy), processed 500 thousand tons of metal. Cherepovets Iron and Steel Works metal accounted for 50% of the total volume. The company warehousing capacity is 30 thousand tons. This year the company has successfully passed the ISO 14001-2005, OHSAS 18001-2007 and ISO…Details
In July-September Polyus gold output increased by 16% YoY, to 642 thousand ounces. Ore output went up by 45%, to 10 million tons. Ore processing grew by 12%, to 7.3 million tons. Sales increased by 10% YoY, to 578 thousand ounces. EBITDA went up by 7%, to $475 million (28.16 billion rubles). Profits decreased to…Details
Russian Copper Company and the authorities of Aktyubinsk region have signed a memorandum of investment cooperation development, in particular copper-zinc ores prospecting and RMK enterprises capacity increasing. RMK has been present in Kazakhstan since 2004 and has already invested $868 million in the republic, At present the local division of RMK employs some 1.7 thousand…Details
The Beloretsk Iron and Steel Works aviation galvanized ropes have received a diploma of the 100 best products of Russia competition. BMK started producing steel galvanized ropes with the diameter of 4 mm last year at the order of the Russian Helicopters Holding. In 2016 this new product received the golden medal of the MetalExpo.…Details
Severstal has expanded the possibilities of its Internet store – now customers can participate in auctions to buy metal. Auctions are held some 3-4 times a week, according to schedule. On average around 10 thousand tons of metal is sold through such auctions. Deliveries are performed from Severstal Distribution warehouses and from Cherepovets Iron and…Details
On November 8 Magnitogorsk Iron and Steel Works Board of Directors recommended that the Extraordinary General Meeting of shareholders scheduled for December 8 approve a dividend of RUB 1.111 (before taxes) per share, representing a total of approximately $214 million at the current exchange rate, for the first nine months of 2017 on MMK’s issued…Details
ArcelorMittal Temirtau is finishing the first stage of MES (Manufacturing Execution System) project implementation valued at over $6 million. The project is being implemented in the continuous-cast department, bars shop and sheet-rolling shop No. 1. The second stage is planned for 2018-2019. The system will be implemented in sheet-rolling shops Nos. 2 and 3, hot-galvanizing,…Details
Revda Non-Ferrous Metals Processing Works has supplied 25 tons of LAMsh77-2-0.05 pipe for an oil-processing plant. Soon another two batches of pipes will be supplied. In January-September Revda Works produced 451 tons of LAMsh77-2-0.05 pipe, up 7.5-fold YoY. According to the company, the growth has to do with the favorable market situation and marketing strategy.…Details
The pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…Details
In January-September Ferrexpo exported 7.525 million tons of iron ore pellets. In particular, its Poltava GOK exported 5.739 million tons and Yeristovo GOK – 1.786 million tons. At the same time Metalloinvest exported 4.268 million tons of pellets, including 2.568 million tons from Mikhailovsky GOK and 1.7 million tons from Lebedinsky GOK. Karelsky Okatysh exported…Details