The supervisory board of Zaporozhye Vtormet has relieved the acting chairman of the board Alexander Umrikhin of his duties, appointing the shop director Konstantin Beskorovayniy instead. The term of the office has not been stipulated, but Beskorovayniy has been hired with a 3-month trial term. Zaporozhye Vtormet procures and processes ferrous scrap. (Ukrainian metal)Details
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In August Ukrainian metal companies increased natural gas consumption by 10 million cubic meters MoM, to 140 million cubic meters. Average daily gas consumption increased by 0.3 million cubic meters, to 4.5 million cubic meters. In January-August metal companies consumed 1.2 billion cubic meters of gas, up by 2% YoY. Average daily consumption was 4.7…Details
In August Ukrainian metal companies received 270 thousand tons of scrap, down by 20 thousand tons MoM, or 86% of their need. In 8 months they received 2.1 million tons, up by 6% YoY, but just 89% of their need. Scrap stocks at metal companies in August decreased by 30 thousand tons, to 110 thousand…Details
Ukrmetallurgprom forecasts that in October Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.7 million tons of rolled metal. In August steel output totaled 1.925 million tons, pig iron – 1.817 million tons, and rolled metal – 1.609 million tons. In January-August Ukraine decreased steel manufacture by 16%…Details
According to the Ministry of economy, in 8 months Kazakhstan mined 26 million tons of iron ore, up by 11.4% YoY. In January-July iron ore raw materials output increased by 32.7% YoY, and concentrate by 2.1%. In money terms iron ore raw materials output in 7 months increased by 57% YoY, to 144.1 billion tenge.…Details
Anglo Asian Mining PLC has launched production of gold and silver at the Ugur deposit, located in Gedabek. Ugur is already making a highly significant contribution to Anglo Asian’s production, the company’s press service reported. “The average daily gold production in the form of gold Doré on September 1-10 was 212 ounces, up by 116%…Details
The press-service of the Lviv regional state administration reported, that on September 12 the state enterprise Lvivugol received 30 million UAH for selling coal. Thanks to this miners were paid 32% of their August salary. (Ukrainian metal)Details
In 2017 Vysochaishiy (GV Gold) intends to receive over $200 million of revenue. “The increase against the last year level and the target will mostly be associated with the change in the price for gold”, the company CEO Herman Pikhoya said. The company is also planning to have an IPO at the Moscow exchange, probably…Details
Yuri Derkach has been appointed the acting CEO of the Ukrainian Association of Secondary Metals. Previously he worked in the Ministries of industrial policy and economical development and trade until his retirement. The previous UAVtormet CEO Nikolai Tarapurov retired. The final decision on the CEO appointment will be taken at the association meeting in November.…Details
In the metal machining shop of Energomashspetsstal a new 6620 bed-type mill has been put in operation. The mill is used to machine the surface of steel wares with the weight of up to 50 tons. The new mill has better technological advantages. It allows improving the quality of the billets machined, reaching a new…Details
The Amur artel obtained 942 kg of platinum, including 276 kg in August. The Amur Zoloto ore deposits yielded 727.2 kg of gold and 481 kg of silver. The Buor and Ulakhan alluvial gold sites produced 295 kg of gold. The total gold output in January-August reached 1028.6 kg. (Ukrainian metal)Details
In January-August the throughput of Russian seaports increased by 10.4% YoY, to 517.3 million tons. According to the Association of sea trade ports, coal throughput totaled 102.7 million tons, up by 15%, while that of ferrous metals – 18.7 million tons, down by 1.5%. (Ukrainian metal)Details
The Federal Antimonopoly Service has allowed Severstal to buy 100% of shares in the Metal Group LLC, which owns a license to develop the central part of the Yakovlevskoe iron ore deposits in Belgorod region. In July Severstal reported on the closing of the deal to buy the claims to the company in the amount…Details