Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company. The parties have not yet reached any agreement on the matter. The stake is estimated at about $3.3 billion. Earlier PGIL was…
The authorities of the so-called Donetsk People’s Republic (the Russia-supported terrorist organization) try to put the idle Donetsk Electrometallurgical Plant back into operation. According to the company new director Alexander Zubov, some 400 people, mostly ex-employees, are trying to assemble equipment. After the works is up and running it will be able to produce some…
In January-September Kamensk-Uralsk Non-Ferrous Metals Processing Works increased exports. In particular, exports went up from 24% to 32% in the total volume of sales. 66% of the goods exported are the rolled brass, but due to the low marginality it is being transferred to the local market. The company strives to increase rolled copper sales.…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 567 796 September 567 796 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Corum Group intends to supply the whole lot of 4 borers to ArcelorMittal Temirtau in January 2017. The first borer was delivered in November. Moreover, in October Corum Group produced 138 telescopic hydraulic props for AMT. According to the marketing director Denis Shemyakin, Kazakh mining companies have increased interest in mining machinery and Ukrainian companies…
Metinvest has concluded long-term contracts with shipbuilding works of Italy to supply metal, produced by its Trametal works. According to the group’s sales director Roman Kurashev, Italian shipbuilders have stable operations, and their orders portfolio for 2018 is already full. “Now they take orders for 2020-2021, so we’re working with them in normal mode”, he…
Ukraine has not created an effective mechanism of struggle for its export markets and needs to strengthen the state protection of exporters on global markets. Interpipe finances and economy director Denis Morozov believes that the trade representative institution on Ukraine is weak. “A lot could have been achieved, if we compare with other countries. This…
In January-October Ukraine imported $44.6 million worth of copper and copper wares, up by 10.8% YoY. According to the State Fiscal Service, copper exports dropped by 41.8%, to $61.18 million. October imports stood at $4.81 million, while exports reached $6.34 million. Nickel imports decreased by 18.2% YoY, to $74.03 million ($7.16 million in October), while…