The VTB bank has signed an agreement with Susumanzoloto for the purchase of 2.6 tons of gold in 2018. This year the bank buys some 1.8 tons of the precious metal from the company. In 2 years VTB has provided Susumanzoloto with 2.3 billion rubles of loans for the construction of a mining and processing…Details
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In January-September MMK received $814 million of net profits, down by 9.9% YoY. According to the company statement, its revenue grew by 37.2%, to $5.598 billion, while EBITDA fell by 4% YoY, to $1.44 billion. In Q3 the company profits dropped by 7.1% QoQ, to $276 million, revenue grew by 4.5%, to $2.012 billion, while…Details
Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…Details
In January-October Ukraine exported 31.72 million tons of iron ore and concentrate valued at $2.179 billion. According to the State Fiscal Service, the share of iron ore and concentrate in the total exports was 6.2%. The largest volumes of iron ore and concentrate were exported to China – $600.559 million (27.5% of the total iron…Details
Avdiivka Coke and Chemical Works has started repairing one of its three thawing garages. According to the company statement, in winter it has difficulties unloading frozen coal from trains. Thawing garages help solve this problem. The repaired garage in severe cold could accommodate up to 30 train cars with coal for thawing and prepare coal…Details
According to the Ministry of economic development, in September the metallurgical manufacture index increased by 0.5% YoY, but dropped by 3.2% MoM. In particular, pig iron output increased by 4.9% YoY, stainless steel by 0.3%, non-alloyed steel by 0.4%, alloyed steel by 4.6%, rolled metal by 1.6%, seamless stainless steel pipes by 27.9%, compressor-pump pipes…Details
Nordgold has announced plans to start a new project in 2022 – gold extraction at the Uryakh deposits in Irkutsk region. As of 2017 the deposits reserves are estimated at 2.1 million ounces with gold content of 3.4 g per ton for open-pit mining and 2-3 million ounces for underground mining. License for gold mining…Details
Kyshtym Electrolytic Copper Plant intends to continue modernization. In particular, the company wants to completely switch to electrolysis bathes made of polymer concrete. This material is long lasting (up to 25 years), resilient and easy to use. “Now the copper electrolysis shop has ferroconcrete bathes. Every 5 years they need their lining replaced, and every…Details
Pearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…Details
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…Details
Cherepovets Iron and Steel Works has obtained a Lithuanian certificate for B500B steel with the diameter of 10-32 mm for concrete reinforcing. According to the company statement, its rebars have been certified to LST EN 10080:2006. “Thanks to the certification Severstal will expand the geography of supplies and increase its efficiency with the help of…Details
In January-October DTEK mines produced 18.8 million tons of G-grade coal, up by 9.2% YoY. According to the company statement, in October DTEK Pavlogradugol and DTEK Dobropoplyeugol increased output from 1.8 million tons in September to 1.9 million tons. In 9 months DTEK invested in the development of the manufacture some 3 billion UAH. (Ukrainian…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of mine sections valued at 17.89 million UAH. In particular the company has to supply 100 tons of SVP-27 sections at 37.5 thousand UAH per ton and 500 tons of SVP-33 sections at 28.29 thousand UAH per ton. At the same time these sections are…Details