On the Near East market Interpipe’s main customers are the United Arab Emirates and Turkey. “We have strong connections with clients in the region, both in oil and gas and construction sectors. 58.5% of all our deliveries fall on oil and gas projects. UAE accounted for 25% of them, Turkey – 18% and Egypt –…
In November Russia supplied some 280 thousand tons of coal illegally taken from the occupied Donetsk and Lugansk regions of Ukraine to Europe, up by 18.6% MoM, or by 44 thousand tons. The largest exporters of Donbass coal are companies, controlled to the fugitive Ukrainian businessman Sergey Kurchenko. In particular, in October his two companies…
Azerbaijan, one of the richest in precious metals deposits countries in Eurasia, has increased gold and silver mining. The country produced 5,669 kg of gold in January-November, up 3.2-fold YoY. The State Statistics Committee reported that the extraction of silver increased by 67.9%, amounting to 566.800 kg. The stocks of finished goods, as of December…
Russian oligarch Alisher Usmanov is interested in Alchevsk Iron and Steel Works, a Ukrainian enterprise earlier seized by Russia-backed militants in the occupied Donbas, according to a Ukrainian MP, coordinator of Information Resistance analytical group Dmytro Tymchuk. Leaders of the self-proclaimed Donetsk People’s Republic (“DPR”) are failing to revive operations of most of the “nationalized”…
In 2018 Ukraine intends to invest 2.5 billion UAH in modernization of coal enterprises. “We’re switching to the management mode, when every mine is responsible for its efficiency. Restructuring the industry will let the country save some 1.5 billion UAH”, the minister of energy and coal industry Igor Nasalik said. Still until the document on…
Metinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…
The Saranskaya, Abayskaya, named after Kuzembaeva and named after Kostenko mines have resumed operation. According to ArcelorMittal Temirtau press service, at present the company is evaluating the resumption of operation at other mines. AMT management offered miners to increase their salary by 30%. During the strike the coal for metallurgical operation was purchased from other…
En+ Group, belonging of Oleg Deripaska and owning 48.13% of Rusal, has attracted VEB to two aluminum projects. In particular, VEB will invest 18.5 billion rubles in the construction of the first stage of TaAZ with the capacity of 420 thousand tons per year, and 7.7 billion rubles on the creating of aluminum plates manufacture…