Ukraine: coke output down in January-April 2017

In January-April Ukraine produced 3.326 million tons of 6% moisture metallurgical coke, down by 25.2% YoY. According to Ukrkoks, in April 744 thousand tons of coke were produced, and 773 thousand tons in March. Avdiivka Coke and Chemical Works started increasing output thanks to batteries No. 7 and 9 put into operation. So in May…

Belarus: Danish business eager to invest

Belarus’ investment climate is comfortable for business, director of the Belarusian-Danish company BuySteel Yuri Firko said as he attended the Gomel Economic Forum. An investment agreement to set up a manufacturing facility in Mozyr District with the participation of the Belarusian-Danish BuySteel was signed during the plenary session of the forum on May 19. The…

Russia: GV Gold to consider IPO in 2018

Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…

Kazakhstan: Kazatomprom starts implementing Industry 4.0 elements

National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…

Ukraine: three sources of coal pondered

Ukraine has received a confirmation of the arrival of the working group from USA on May 23. At present Ukraine is reviewing three sources of coal. “There are three sources, from where we intend to buy coal. The first is Richards Bay in South Africa. DTEK and Tekhnova are the main importers. Then its Kazakhstan,…

Russia: aluminum exports up in Q1 2017

In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million.

The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)

Russia: Uranium One earnings up in Q1 2017

In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million.

The corrected net profits totaled $21.1 million, up 7.5-fold YoY.

Uranium output dropped to 1110 tons.

Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)

Russia: Mechel to receive UMZ excavators

Uralmashzavod has concluded a contract for the delivery of an EKG-20 excavator to Mechel. The No. 18 machine will be operating at Neryungrinsky open-pit of Yakutugol, a part of Mechel. The excavator will be supplied in late 2017. Last year the company received 2 similar excavators. One has already been successfully put into operation. (Ukrainian…

Russia: Rusal BGZ output up

Rusal has announced the completion of Boksitogorsk Alumina Works modernization. Within the project, lasting from October 2015 till May 2017 the works received grinding and processing equipment to increase the corundum output to 79 thousand tons. In particular, the company increased refractory capacities by 6 thousand tons, and abrasive – by 4 thousand tons per…

Russia: TMK Chermet scrap procurement up in Q1 2017

In January-March TMK Chermet outperformed the scrap procurement target by 26%. TMK enterprises received 494 thousand tons of scrap.

The company keeps increasing the share of its own scrap deliveries: in particular it supplied 160.5 thousand tons, up by 10.6% YoY. (Ukrainian metal)

Ukraine: UGOK shares deals prohibited

The National commission on securities and stock market has stopped amendments to the system of depository accounting on securities of 20 issuers.

Among them are the Yuznhiy Mining and Processing Works and Stakhanov Ferroalloy Plant

The companies have not disclosed their annual regulatory information on stock market for the last 2 years. (Ukrainian metal)

Russia: Tulachermet gets losses in Q1 2017

In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016. According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles. In September Tulachermet will put…