Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…Details
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Severstal is increasing the rolled metal storage capacities at the industrial port of Cherepovets Iron and Steel Works by one third. The new hangar (135 x 24 x 14 m) will be made of metal frame weighing over 90 tons, over which an awing cover with double sided PVC coating will be put. With the…Details
In September Coal Energy S. A. (Luxembourg) with assets in Ukraine decreased coal output by 77.8%, or by 33.779 thousand tons YoY, to 9.628 thousand tons. At the same time output dropped by 6.9% MoM, or by 716 tons. Coal Energy has 10 coalmines, as well as processing assets. The company business has been seriously…Details
In January-September Pobuzhye Ferronickel Plant processed 946.5 thousand tons of ore, down by 14% YoY. According to the company CEO Oleg Bespaly, ferronickel output decreased by 12.8% YoY, to 54.1 thousand tons, or 11.5 thousand tons of raw nickel, down by 18.1%. The output decrease has to do with a major repair campaign. In particular,…Details
In Q3 Polymetal International plc produced the record of 470 thousand ounces of gold, up by 26% YoY. In 9 months gold output totaled 1028 thousand ounces, up by 15% YoY and corresponds to the annual plan of 1.4 million ounces. Silver output dropped by 7%, to 7.4 million ounces. Sales in Q3 reached $546…Details
In January-September Priisk Solovievsky yielded 2636 kg of gold. In Amur region the company obtained 2531 kg of gold, up by 63.6% YoY (1440 kg). In Zabaykalye region gold output totaled 285 kg, down by 11% YoY. This year the company intends to obtain 3300-3500 kg of gold. Last year the yield was 2482 kg…Details
Beloretsk Iron and Steel Works has purchased 2 new forklifts. They will improve the speed of loading and unloading. The lifting capacity of the Toyota forklifts is 2 tons. They can hoist cargo to the height of 3 meters. “The new machines replaced the outdated ones in the shipping shop. They will considerably speed up…Details
In January-September Altai-Koks produced 3.08 million tons of coke, up by 2% YoY. The company capacity was 98% loaded. On local market Altai-Koks sold some 82% of coke, including 75% to the NLMK group enterprises. The rest was exported to Kazakhstan, Germany, Belgium and France. In 9 months the company also produced some 66 thousand…Details
Tominsky Mining and Processing Works has started constructing the main premises of its processing factory, as well as other industrial and auxiliary objects. The enterprise will comprise 17 construction objects. The company has already made the foundation for the main premises. At present some 200 employees and 45 units of machinery are engaged in the…Details
In July-September major steel companies of Russia – Severstal, NLMK, and MMK – increased output. In particular, NLMK produced 12.6 million tons of steel in 9 months, up by 3% YoY, MMK – 9.6 million tons, up by 1.9%, while Severstal dropped steel output by 1%, to 8.6 million tons. The reason of the increase…Details
In Q3 Evraz produced 3.506 million tons of steel, up by 5.9% QoQ. “The consolidated steel output grew, first of all, because of the completion of the scheduled repairs of the oxygen-converter shop at Evraz DMZ (Ukraine)”, the group noted. Semi-finished products output reached 3.121 million tons, up by 4.4% QoQ. In Q4 Evraz expects…Details
The Board of Directors of PJSC Magnitogorsk Iron and Steel Works on October 16 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM. Dividends on issued shares of PJSC MMK will be paid based on the results of the first nine months…Details
In January-September Kazakhstan produced 62,697 kg of unwrought gold, up by 16.3% YoY. According to the Statistics Committee of the Ministry of National Economy, production of unwrought silver in the reporting period amounted to 792,535 kg, down by 12.5% from January-September of 2016. (Kazinform/Ukrainian metal)Details