In January-July Magadan region mined 142.7 thousand tons of coal, down by 33.6% YoY. This year only 2 companies in the region mine for coal: Kolyma Coal Company and Association of business development. Severo-Vostochnaya Coal Company does not mine for coal this year, as it mined enough last year. In 7 months Kolyma Coal Company…Details
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In January-June the consolidated earnings of Chelyabinsk Zinc Works reached 18.09 billion rubles, up by 44% YoY. EBITDA totaled 4.356 billion rubles, or 24% of the earnings. Net profit in H1 was 2.975 billion rubles against 1.855 billion rubles in H1 2016. Chelyabinsk Zinc Works is the largest metallic zinc and alloys manufacturer in Russia.…Details
Karabashmed is studying the possibility of optimizing techniques to obtain copper concentrate from metal manufacture slag. The Ural Federal University specialists are involved. At present the Karabashmed processing factory produces copper concentrate of the slag mix originating from Ausmelt furnace copper smelting, and converter shop. The scientists will review three types of processing: Ausmelt slags,…Details
In July, according to the State Fiscal Service, Ukraine exported 3384 thousand tons of iron ore raw materials, down by 198 thousand tons, or by 5.5% MoM. In January-July Ukraine exported 22.7 million tons of iron ore raw materials, down by 1.2 million tons YoY. Deliveries to Slovakia increased the most – by 637 thousand…Details
Ukzaliznytsia can still improve its financial efficiency, Zaporizhstal CEO Rostislav Shurma believes, commenting on the renewed financial plan of the company for 2017. “Instead of the expected increase in efficiency, fight with corruption and as the result the optimization of expenses, I saw the growth of expenses by 10 billion UAH. And to cover them…Details
Moody’s has increased the ratings of Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, and Metinvest from Caa2 to Caa1. The PDR has been increased from Caa2-PD to Caa1-PD. At the same time Metinvest rating on the national scale (NSR) has been increased from B1.ua to Baa3.ua, while of Ferrexpo bonds from Caa2…Details
Russian hydropower giant RusHydro may pay only $88 million in cash in installments for a 50% stake in the Taishet Aluminum Smelter with the rest of the sum to be paid with 42.75% in Irkutsk Power Grid Company and future dividends from the plant. Construction of the smelter with a projected annual production capacity of…Details
Gold remains the most widely discussed metal due to its prominent role in both the investment and consumer world. Although it is no longer a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and…Details
Uralelectromed has begun the second stage of assembling two KUNZ cranes in the copper electrolyses shop being constructed. At the first stage crane beams have been assembled, as well as crane movement mechanisms and auxiliary winches with the lifting capacity of 10 tons. The cranes will be used in constructing and operation of 448 electrolysis…Details
On August 31, the Federal Antimonopoly Service will review the development of competitiveness on the market of graphitized electrodes. A special commission has been created in view of the current situation, connected with the sharp increase of prices for graphitized electrodes in 2017. The event will discuss a number of factors influencing the price formation,…Details
The blast furnace No. 5 Severyanka of Cherepovets Iron and Steel Works has produced the 120-millionth ton of pig iron. The BF was first blown in on April 12, 1986, and the first pig iron was produced on April 13. For the next 20 years Severyanka has been the largest furnace in the world and…Details
In June Metinvest increased metal sales by 10.5% YoY and by 5.5% MoM, to 1.113 million tons. Earnings grew by 35.7% YoY and by 0.3% MoM, to $608 million. Mining sales decreased by 12.6% YoY and by 23.9% MoM, to 1.294 million tons, valued at $112 million, up by 0.9% YoY, but down by 14.5%…Details
In July Ukraine increased iron ore raw materials output by 202 thousand tons MoM, to 6.015 million tons. Concentrate and sinter ore manufacture went up from 125.6 thousand tons to 137.4 thousand tons, while that of sinter and pellets dropped from 68.2 thousand tons to 56.6 thousand tons. Iron ore raw materials deliveries to Ukrainian…Details