Russian aluminum giant UC RUSAL has agreed to acquire a majority stake in K&K, a Krasnoyarsk region-based light-alloy wheel disks facility, it said in a statement on November 30. The deal is currently under a due diligence procedure and will be sent to the Federal Antimonopoly Service for approval after its structure is defined, a…
Industrial Union of Donbas Corporation (ISD) has officially reported on a significant risk of losing effective managerial control over the production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the…
The government has imposed new export duties on tungsten scrap and waste. The duty of 7.5% has been imposed for a year. In 2014-2015 Russia exported 21 tons of tungsten scrap at $3.6 per kg, while in 2016 – 138 tons at $10.8 per kg and in 2017 it is expected that exports will reach…
Uraltrubprom has developed and put in operation a unique line to manufacture connections for casing pipes used in oil extraction. The peculiarity of the new line is its German robots, which have become a link between the typical mills in the manufacturing chain. “Our main task was to unite all the separate units of the…
In January-October Severstal supplied around 400 thousand tons of metal to Russian and CIS automobile manufacturers, up by 21% YoY. In particular, Russia-based plants received 300 thousand tons of metal, up by 7% YoY. “According to our estimates, the demand for steel in Russian automobile industry in 2017 will increased by 9-12% YoY, and next…
Germany may develop rare earth metals deposits jointly with Russia in the country, Deputy Prime Minister Arkady Dvorkovich declared on November 29. “The international energy markets are unstable today, we had a period of a significant fall of prices for almost all commodities, and this led to a decrease of investment in the energy sector…
Donskoy Antrazit, a part of DTEK, intends to increase coalmining from 0.93 million tons per year to 1.3 million tons. For this the company will invest around 4.2 billion rubles in 2018-2025. The output growth will be provided by merging the Dalnyaya mine with the closed down mine No. 410. In 2016 DTEK assets in…
The Volyn region governor Vladimir Gunchik has discussed with the deputy minister of energy and coal industry Galina Karp the problem of salary debts to miners. The deputy minister promised that the necessary money to clear debts would be transferred by December 8. On December 5, Gunchik will meet with miners and union representatives to…