The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…Details
In January-June Russia exported 1.45 million tons of pipes valued at $1651 million, up by 53.3% and by 103.4% YoY respectively. Finland imported 27% of pipes, up by 5% YoY. Turkey increased imports 12-fold, to 19.7%. Kazakhstan decreased imports by 4.8% YoY, to 12%. 97% of pipes imported by Turkey and Finland are large diameter…Details
In June, according to the customs statistics, Russia imported 66 thousand tons of ferrous scrap from Kazakhstan, down by 12.4% YoY.
The average price ons the Russian border was $259.4 per ton.
In January-June deliveries totaled 221.6 thousand tons, down by 22% YoY. (Ukrainian metal)
In June Russia imported 155 tons of plates from Austria, down almost 85-fold YoY. According to the customs statistics, this is the lowest average monthly import this year. Since February (30.7 thousand tons) deliveries have been decreasing. In January-June Russia imported 109.7 thousand tons of plates, down by 15.9% YoY. The main customer is Vyksa…Details
Koks, a part of PMH, has set the final rate of the first coupon of the BO-05 5-year bonds with the volume of 5 billion rubles on the level of 9.2%.
The sale was organized by Alfa-bank and Sberbank CIB.
At present Koks has no ruble bonds in circulation. (Ukrainian metal)
Acting governor of Magadan region Sergey Nosov has discussed the construction of a metal works with the specialists of the major design institutes. He believes the non-ferrous metals are a colossal resource that can spur the development of the region, Despite the absence of gas, the region has good prospects, as there are plans to…Details
In July Pavlik gold-extracting company mined 400 kg of gold at the Pavlik deposits in Magadan region. In January-July output totaled 3700 kg. Till the end of the year the company intends to mine 3300 kg of gold, thus reaching the target of 7 thousand kg of gold. In case the annual target is reached,…Details
Vostoc Engineering LLC has finished prospecting works at the Burannyi site of the Tomtorskoye deposits in Yakutia and in autumn will start designing the plant. In late 2021 the company intends to start daylighting and in 2022 – commercial production. Tomtorskoye is one of the largest rare earth metals deposits in the world. Its resources…Details
In July scrap deliveries to metal companies decreased by 17% MoM, to 270 thousand tons. Procurement dropped by 19%, to 281 thousand tons. Exports fell by 42% MoM, to 11 thousand tons. In January-July scrap deliveries to metal companies grew by 3% YoY, to 1.902 million tons. Procurement increased by 7%, to 2.183 million tons,…Details
In September Ukraine intends to produce 1.9 million tons of pig iron and steel each, as well as 1.7 million tons of rolled metal. As of August 14, 18 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 7 out of 15 electric arc furnaces and all the…Details
Nikopol Ferroalloy Plant, the largest silicomanganese and ferromanganese manufacturer in Ukraine, has been re-registered from the public joint-stock company into a private joint-stock company. The state re-registration took place on August 17. The re-registration was carried out according to the corresponding decision of the general shareholders meeting on August 3. The shareholders have also replaced…Details
By 2020 Sredneuralsky Copper-Smelting Works will have replaced 10 electrostatic precipitators, which have been operating since 1970s, with 5 new ones made by Kondor-Eco. The first three precipitators will be supplied in December, and the last two in early 2019. The new equipment will decrease dust content in converter gases 10-fold, as well as water…Details
MMK-Metiz has successfully passed the inspection for the correspondence to three international standards, two of which regulated quality management control and the third – the environment management control. In particular, the standards are IATF 16049:2016 (quality management system for car manufacturers), ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system). The company has…Details
In January-July Krivoy Rog Iron Ore Industrial Complex produced 2.896 million tons of iron ore, down by 7.1% YoY.
In July the output was 428 thousand tons.
Last year KZhRK increased iron ore manufacture by 1.5% YoY, to 5.074 million tons. (Ukrainian metal)
In January-July Electrostal (Donetsk region) produced 178 thousand tons of continuous cast billets, down by 27% YoY. In July the output totaled 33 thousand tons. Last year the company increased continuous cast billets manufacture by 34.54% YoY, to 437.729 thousand tons, of which 352.148 thousand tons were exported and the rest supplied to the domestic…Details
In January-July Sukhaya Balka produced 1.564 million tons of iron ore, up by 15.7% YoY. In July output reached 243 thousand tons. The enterprise was prolonged the license to use subsoil for the next 20 years on November 7, 2017. Last year Sukhaya Balka increased iron ore output by 2% YoY, to 2.513 million tons.…Details
Russian gold producer Polymetal International has shipped the first batch of gold concentrate from the Kyzyl field to China, the company said in a statement on August 20. “Polymetal International is pleased to announce that Kyzyl has shipped first concentrate to China. On August 18 approximately 2,000 tons of gold concentrate were shipped by rail…Details
The construction of a separating dam at Magnitogorsk Reservoir, part of rebuilding processes of Magnitogorsk Iron and Steel Works’ (MMK) circulating water supply system, is entering its final stages. The project, at a cost of approximately 660 million rubles, will significantly reduce the environmental burden on the reservoir. This is one of MMK’s most important…Details
Metinvest, the vertically integrated steel and mining group of companies, has secured additional long-term supply of high-grade coking coal by investing in production cooperation and acquiring up to 24.99% of some coking coal assets in Ukraine. This is in line with the group’s strategic priority of improving its self-sufficiency in coking coal to strengthen its…Details
The prices of precious metals increased in Azerbaijan on August 20, according to the data published by the Central Bank. The price of gold increased by 15.708 manats, to 2016.081 manats per ounce on August 20 compared to the price on August 17. The price of silver grew by 0.2018 manats, to 25.118 manats per…Details
Ukrainian President Petro Poroshenko has signed a law introducing amendments to Ukraine’s state budget for 2018 regarding the payment of wage arrears to miners, the press service of the head of state has said. “President Petro Poroshenko signed the law of Ukraine on the introduction of amendments to the law of Ukraine on Ukraine’s state…Details
The price of one ounce of gold decreased by 54.3065 manats or by 2.64% last week, to 2020.3684 manats. The price of one ounce of silver decreased by 1.0258 manats or by 3.95%, to 25.31152 manats. Last week the price of one ounce of platinum decreased by 65.637 manats or by 4.72%, to 1346.7774 manats.…Details
The authorities of Karaganda region and ArcelorMittal Temirtau have signed a roadmap on development in 2018-2020. The company will have invested 305 billion tenge in the manufacturing by 2020. Since 2010, this is the highest level of investments in modernization. In 2018 AMT will invest 100 billion tenge in modernization, in 2019 – 105 billion…Details