Metals and mining

Russian copper export is down by 3%

Russia reduced original and rolled refined copper export by 3.1% in January-February 2013 against the same period in 2012. The Statistics service reports, Metal Bulletin states.
In particular, Russian cooper export made up 79.7 thousand tons over the reported period. The revenue from copper export went up y 3.1% and reached $625 million.

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Polyus Gold postponed the launch of the Natalkinsky GOK in Kolyma until summer 2014

Polyus Gold International Ltd., the largest gold producer in Russia, has postponed the launch of the Natalkinsky GOK in the Magadan region until summer 2014. It is said about in a statement of the company. The production capacity of the GOK is going to make up 13-15 tons of gold a year.
Earlier the company was about to put the Nalakinsky GOK into operation in late 2013. They anticipated the GOK to produce 500 thousand ounces of gold a year (15.55 tons) in 2014.

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Evraz sells its controlling stake in plant in the RSA for $320 million

The Russian steel producer Evraz has announced the sale of its  85% shareholding in its asset in the republic of South Africa for $320 million. The companies Evraz Highveld Steel and Vanadium Ltd. produce vanadium and steel. Reuter reported.
The African enterprise is the world’s largest vanadium supplier and it is on the second position in the RSA on a production of rolled steel. Last year an operation of Evraz Highveld was frozen for about a month because of a strike, the agency stated.

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In February, one of Mariupol assets of R. Akhmetov began profitable operation

Under the results of February, Mariupol metallurgy combine in h. of Ilyich gained $165,000 by EBITDA. The enterprise has felt financialy positive for the first time within the last 1.5 years, the CEO Y. Zinchenko tells in live broadcast at the local TV channel of Mariupol on March 27. He adds that the sum is not large but it’s an ‘important psychological milestone’ for his staff. He explains  move from losses  by the unprecedented reduction  in production prime cost of cast iron by $30 per ton, and martin steel by $60 within a short period of time.

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East-Siberian metal company is going to build metal plant costing 6.6 billion rubles in Bratsk

East-Siberian metal company is going to build metal plant costing 6.6 billion rubles in Bratsk, its representatives claim while at the session of the coordination council for the realization of  investment projects in the Baikal region. The construction of a ferrous metallurgy combine in the Irkutsk region was planned in the USSR era, but still East-Siberia does not have a single enterprise specializing in this sphere. Scrap metal prices in the region are 3,000 rubles lower than in average in the state.

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NLMK has successfully passed audit to participate in Nord Stream

NLMK has successfully passed the audit of the Norwegian certification association Det Norske Veritas (DNV) as a potential slabs supplier for large diameter pipes production for the «Nord Stream Extension» (NEXT) project.
DNV in the real production mode has inspected the technological process of “heavy” slabs production of 355 mm thickness and 2,150 mm width: metal scrap preparation – casting, out-of-furnace treatment and steel pouring – quality control of surface and macrostructure of steel blanks. Auditors checked the technological documentation of the company to meet the international standards and the system of preparation and training of the technological personnel of the converter shop #2.

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Sverdlovsk companies of a mining and smelting sector to sign a tariff agreement

They prepare a sectoral tariff agreement in the Sverdlovsk region. The document is to attract investments into the sector.
Sverdlovsk Ministry of Industry and Science, regional mining-and-smelting trade union and the Union of Industrialists and Entrepreneurs of the Sverdlovsk region are about to sign a sectoral tariff agreement for 2013-2014.

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Evraz has passed preliminary assessment as a wheel supplier for Deutsche Bahn

The railway wheels of Evraz have successfully passed the preliminary assessment of Deutsche Bahn. On its results, Evraz NTMK has been proved as a producer of solid-rolled railway wheels in conformity with the European standard EN 13262 and domestic standard Deutsche Bahn DB AG – BN 918 277. Evraz NTMK is certified as a producer of railway wheels of category 2 until the most complicated class for freight traffic – class V.

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ArcelorMittal forecasts high demand for steel in CIS

 The demand for steel in CIS will remain high until 2018, ArcelorMittal forecasts.
The company calculated, steel consumption in CIS will increase by 4.2% per year and reach 72 million tons by 2018.

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Sayanal increases net profit 5.3 times

In 2012 the net profit of Sayanal ( the largest producer of foil and packaging in Russia, the packing division of UC Rusal) increased 5.3 times compared to 2011 – to 170.67 million RUR, is said in the annual RAS report of the enterprise.

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