Ukraine: coal consumption down in March 2017

In March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM.

According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)

Russia needs no coal from occupied Donbass

Deputy economy minister Sergey Nazarov declared that Russia needed no coal from the Donetsk and Lugansk regions, occupied by the militants. “Each month we supply some 1 million tons of coal to Ukraine. But we only deliver coking coal, not power-generating coal”, he added. Nazarov also noted that there were no coal deliveries from the…

Ukraine: steel output to drop in 2017

In 2017 Ukraine could decrease steel output to 17-19 million tons. According to Metinvest marketing director Roman Kurashev, 3 works on the uncontrolled territory have been shut down, and Dneprovsky Iron and Steel Works experiences coke shortage. “Because steel output will decrease, exports will drop as well”, he said. In 2016 Ukraine exported 17.3 million…

Kazakhstan: Kazzinc to invest 1.2 billion tenge in Zhairem settlement development

Kazzinc, JSC Zhairem Mining and Processing Integrated Works and administration of Karaganda region have signed a memorandum of mutual cooperation for 2017. In order to settle the key problems outlined by the president in the country’s program documents, Kazzinc has allocated 1,265,076,000 tenge for the implementation of social projects in Zhairem urban-type settlement of Karaganda…

Kyrgyzstan: only one company exporting gold ore

Only one company – Vertex Gold – exports gold ore from Kyrgyzstan, Head of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliyev stated at the meeting of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament of Kyrgyzstan. According to him, the export of ore issue…

Ukraine: Metinvest pays $9 million premiums for support of Eurobond restructuring

Metinvest mining and metallurgical group on April 24, paid bonuses for supporting Eurobond restructuring, the group said on the website of the Irish Stock Exchange (ISE). The press service of Metinvest reported that the amount of payment was about $9 million. In late May 2016, Metinvest and the creditors’ committee agreed Eurobond restructuring and PXF…

Russia: EEC launches new antidumping investigation of Chinese pipes

The Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has launched a second antidumping investigation of imports of cold-rolled stainless seamless pipes from China, the commission said in a statement. The investigation was launched on request from Chelyabinsk Pipe Works (ChelPipe), Pervouralsk New Pipe Plant, and TMK-INOX, a subsidiary of…

Russia: Rusal wants VEB to finance KhAZ 2

Rusal intends to attract the VEB financing to the project of the new manufacturing complex construction at Khakassk Aluminum Works. “We envision VEB financing at 70 by 30. The total cost of the project is 130 billion rubles, it will be constructed in stages”, Rusal CEO Vladislav Soloviev said. “We want KhAZ 2 to produce…

Ukraine: coal output down in Q1 2017

In January-March Ukraine mined 6.7 million tons of coal, down by 11.3% YoY. According to the State Statistics Service, in March coal output dropped by 17.7% YoY, to 2 million tons. In January-February coal output increased by 11.3% YoY, or by 750.8 thousand tons, to 7367.9 thousand tons. Coking coal output dropped by 24.2%, or…