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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…
DetailsRussian 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…
DetailsThe 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.…
DetailsSeverstal 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…
DetailsOn 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…
DetailsArcelorMittal 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,…
DetailsRevda 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.…
DetailsThe 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…
DetailsIn 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…
DetailsIn October Ukrainian iron and steel works received 270 thousand tons of scrap, down by 7% MoM. According to Ukrmetallurgprom, in October scrap-procuring companies prepared 310 thousand tons of scrap. Thus, 40 thousand tons were exported, down by 20% MoM. The metal industry in October was provided with scrap on the level of 89%. In…
DetailsThe deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…
DetailsThe department of education and youth policy of the Kiliya District State Administration (Odessa region) ordered Oblpalyvo Manufacturing Enterprise the delivery of 2.83 million UAH worth of coal. In particular this year the educational establishments of the district will receive 687 tons of coal: 485 tons of DG grade (13-50) at 3910 UAH per ton,…
DetailsVictor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…
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