Magnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…Details
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In 2019, Pobuzhye Ferronickel Plant decreased ore processing by 5.4% YoY, to 1.353 million tons. This equals to 74.4 thousand tons of ferronickel of ore raw materials (-3.3%) or 14.2 thousand tons of nickel (-10.2%). The main reason of the decrease is the operation at low capacity after repairs. This year the company intends to…Details
In January, Russia exported 8.3 thousand tons of aluminum wire, up by 8% MoM and by 38% YoY. Price dropped by 4%, to $1889 per ton. Deliveries to Ukraine grew 2-fold, to 963 tons, and to USA – from 816 tons to 2.2 thousand tons. At the same time sales to Belarus decreased by 42%,…Details
In January, Russia imported 171 tons of unrefined copper, down by 84% MoM, but up by 51% YoY. Kazakhstan supplied 99.9% of copper. Price dropped from $13.7 to $13.5 per kg. In 2019, imports totaled 5.3 thousand tons, up from 2.2 thousand tons in 2018. (Ukrainian metal)Details
In 2019, Pobuzhye Ferronickel Plant received 67.5 million UAH of profit. The company paid 105.4 million UAH of taxes, up by 16.8% YoY. Average salary grew by 14%, to 10654 UAH, up by 1.5% from the average salary in Ukraine. Since January, PFK has increased the average salary by 10%. Expenses on social sphere of…Details
Kumtor Gold Company will provide assistance in the amount of $100,000 to Issyk-Kul region of Kyrgyzstan to fight against coronavirus. The money will be used to provide necessary medical means to Issyk-Kul structures and individuals involved in proactive efforts being currently made to prevent the spread of COVID-19 across the region. (24.kg/Ukrainian metal)Details
Seven more employees of Russian steel producer Severstal have possibly contracted the COVID-19, the company said in a statement on March 30. “Severstal advised that the diagnosis was confirmed for an employee who was suspected to have the coronavirus. Seven more probable cases of coronavirus were detected during tests of the people who contacted him…Details
The state enterprise Lvivugol has ordered Stensils Capital LLC the delivery of mine self-rescuers valued at 13.3 million UAH. This year the company has to supply 1400 mine isolating self-rescuers manufacture by Dezega SP, Turkey with a year warranty at 9.5 thousand UAH apiece. The price of the agreement was 112 UAH below the expected…Details
In 2019, Chasov Yar Refractory Works received 102 thousand UAH of net profit, as opposed to a net loss of 5.18 million UAH in 2018. Current liabilities decreased by 47.4%, to 25.8 million UAH, but fixed liabilities grew by 31.2%, to 18 million UAH, with accounts receivable down by 12.1%, to 30.6 million UAH. The…Details
Last week, the price of one ounce of gold increased by 265.88 manats ($156.4) or by 10.6%. The average price of one ounce of gold stood at 2,767 manats ($1,627). The price of one ounce of silver grew by 4.2236 manats ($2.4) or by 20.7%, to 24.596 manats ($14.4). The price of one ounce of…Details
As of March 26, Rosterminalugol has exported 6 million tons of coal. Last year, this result was achieved on April 17. The 6-millionth ton was loaded onto the Mega Benefit, which transported 75.5 thousand tons of coal. (Ukrainian metal)Details
In January-February, Khabarovsk region produced 1385.3 kg of gold, up by 4.8% YoY. Only companies developing ore gold deposits are operating at the moment. Alluvial gold extraction will start in May-June. (Ukrainian metal)Details
Petropavlovsk Plc has corrected an option agreement with Agestina Ltd (Cyprus) to buy 25% in TEMI LLC, which owns a license to develop the Elginskoye ore field. The amendments presuppose a fixed cost of new shares in the volume of £0.179 per share, with the pound sterling rate of $1.3206. This will allow Petropavlovsk decreasing…Details