Metals and mining

Russian platinum and Norilsk Nickel prepare memorandum with Norilsk

Norilsk’s Head Oleg Kurilov has held a meeting with representatives of Russian platinum of Musa Bazhaev and Norilsk Nicekl, by results of which it was decided to prepare a memorandum of understanding of the three parties, a source, who is familiar with the negotiations, stated to the agency Prime.
In particular, the issue of land allocation to Chernogoskoya ore mining company (ChGRK, a part of Russian platinum) for the construction of infrastructure, which is necessary for the Chernogorskoye deposit development, was discussed.

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In January – September, Yenakiyevsky metal works reduced net loss by 19%

In January – September, Yenakiyevsky metal works reduced net loss by 19.1% to 1.103851 billion grivnas by ISA, net profit by 6.3% to 9.314285 billion grivnas, pretax profit by 14.2% to 1.304511 billion grivnas. By September 30, uncleared loss of 1.281198 billion  grivnas.
In H1, Yenakiyevsky metal works reduced net loss by 4.4% to 842.615 million grivnas by ISA, net profit by 7.7% to 6.175503 billion grivnas, pretax profit by 0.6% to 995.787 grivnas.

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Azovstal decreases loss by a third

In January-September of 2013, metallurgic plant Azovstal (Mariupol, the Donetsk region), a part of the mining and metallurgic monopoly Metinvest of Rinat Akhmetov, decreased its net loss under IAS by 31% as compared with the same period of 212 to 1 338.391 million hryvnias.
According to the enterprise’s report over the third quarter of the current year, published in the information disclosure system of the Securities and Stock Market State Commission, its negative pretax financial result decreased by 31.6% in January-September to 1 565.529 million hryvnias.

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Metalloinvest increases capacities on cast iron production at Ural Steel

Metalloinvest implements a program on increase of commercial cast iron production at Ural Steel, within which upgrade of iron casting section in blast-furnace plant takes place. Executed measures allowed it to increase industrial capacities of the commercial iron casting blast-furnace plant by 40% to 1.9 million tons per year.
In particular, new equipment was bought to improve rates of ladles revolution and to increase productivity of casting machines section – punching unit for accretion removal in hot metal ladles. New equipment can treat neck of hot metal ladle for 15-20 minutes that is 9-16 times less than hydro hammer-manipulator spent for this earlier (3-4 hours).

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In Jan-September Kazakhmys increased the output of copper in concentrate by 5% to 236.5 thousand tons

The mining company Kazakhmys Plc increased the output of copper in concentrate by 5% to 236.5 thousand tons, cathode copper – by 0.8% to 214.9 thousand tons in January-September 2013 against the same period in 2012, is said in the report of the company.
The company produced 78.2 thousand ounces of gold in January-September. It is by 13% less than during the same period last year. Silver production is up by 15.7% to 10.419 million ounces. Zinc production in concentrate is down by 11.4% to 99.6 thousand tons.

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Kuzbass fuel company’s Board of Directors approves attraction of five-year loans to the amount of 5 billion rubles from Alfa-bank

The Board of Directors of the Kuzbass fuel company, one of the largest Russian forge coal producers, during the meeting on October 22 approved attraction of loans to the amount of 5 billion rubles from Alfa-bank, the company reports.

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In January – September, Metallurgy of Noble Metals increased Noble metals processing

Metallurgy of Noble Metals presents its results for January – September 2013. Within the period, it processed 4,145.2 kg of gold (3,756 kg within the corresponding period of the previous year), and 336,526.8 kg of silver (316,545.6 kg). Refining of dead catalysts, including oil, chemical and car containing Noble metals increased by 237.1%.
Metallurgy of Noble Metals executes production of high-quality goods for the assay test noninferior to the foreign analogues. Gold extraction from gold production waste was 113,336.8 g, compared to 103,899.8 g last year.

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Severstal to launch hot dipped galvanized coil surface quality control system

Cherepovets metallurgic plant (CherMK), one of the largest integrated steel-smelting plants in the world (a part of the Severstal Russian Steel’s division), launches a hot dipped galvanized coil surface automated quality control system Parsytec to the amount of about 46 million rubles.
The unit was mounted at on a plot of sheet galvanization in the metal cover shop №2 of CherMK’s cold rolled steel production. It will allow CherMK to control 100% of the surface of hot dipped galvanized coil in real-time mode and to fully meet requirements of customers such as Renault, Peugeot, Hyundai, Ford and GAZ.

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MBC Corporation entrusts Chinese NFC to create Ozerny ore mining and dressing plant

During the 18th regular meeting of Heads of the Russian and Chinese Governments D.Medvedev and Li Keqiang, the MBC Corporation and NFC signed a contract on engineering, purchase and construction of Ozerny ore mining and dressing plant.

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By results of the first 9 months, net profit of Krasnoyarsk nonferrous metal plant grew by 50%

In the first nine months of 2013, the proceeds of the Krasnoyarsk nonferrous metal plant (Krastsvetmet) increased by 84% as compared with the same period of 2012 to 19 282 million rubles, the company’s press centre reported.
The Krastsvetmet’s refinery division produced 90 tons of platinum group metal, 89 tons of gold and 611 tons of silver. The division’s incomes grew by 129% as compared with the first nine months of 2012. The proceeds of the division made up 14 332 million rubles.

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