Russia: Potanin to buy Abramovich stake in Nornickel

Vladimir Potanin’s Interros Holding has offered Crispian Investments Ltd, affiliated with Roman Abramovich and his partners, to buy its share in Norilsk Nickel.

Interros already has 30.3% in Nornickel. Rusal owns 27.8% and Crispian Investments – 4.95%.

The cost of the shares that Interros wants to buy is estimated at 90 billion rubles. (Ukrainian metal)

Ukraine: AMKR provides free health improvement for those, who served in ATO zone

PJSC ArcelorMittal Kriviy Rih decided to support its employees, who served in ATO zone. Starting from this year, they can take a course on health improvement and therapy in the company’s healthcare center Dzherelo. They will be provided with the full remedial complex, accommodation in comfortable rooms and meals. The healthcare center is of general…

Ukraine: AMKR presents investments projects

PJSC ArcelorMittal Kriviy Rih presented its investment activity during the meeting with regional deputies and representatives of German society for international cooperation GIZ. The seminar took place with participation of Consul-General of German Federal Republic Wolfgang Mössinger and Head of Dnipropetrovsk Regional Council Gleb Prygunov. Environment, infrastructure and trade became the main seminar themes. GIZ…

Russia: Polyus profits down in 2017

In 2017 Polyus received $1.241 billion of net profit, down by 14% YoY, or 72.191 billion rubles, down by 24.2%. Revenue grew by 11%, to $2.721 billion, EBITDA – by 11%, to $1.7 billion. In Q4 2017 Polyus net profit dropped by 28% QoQ, to $267 million, and corrected net profit by 19%, to $242…

Russia: Zabaykalye coal output down in January 2018

In January Zabaykalye region mined 1904.42 thousand tons of coal, down by 8% YoY.

10 companies are mining for coal in the region. The leaders are Razrez Tugnuysky, Razrez Kharanorskiy and Chitaugol LLC.

Two companies – Takecha LLC and Kutinskiy Razrez LLC – have not started mining. (Ukrainian metal)

Ukraine: scrap deliveries up in January 2018

In January Ukraine procured 279 thousand tons of scrap, up by 16% YoY, but down by 22% MoM.

Of this volume domestic metal companies received 245 thousand tons, down by 20% MoM, but up by 7% YoY.

Exports decreased by 35% MoM, but grew 3.4-fold YoY, to 34 thousand tons. (Ukrainian metal)

Ukraine: miners block important road in Donbass

Selidovugol miners have blocked the road leading to Kurakhovo, Maryinka and Krasnogorovka in Donetsk region. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, they demanded the payment of salary and clearing of debts. “The strike began near the administrative building of the state enterprise Selidovugol. Having received no reply, the…

Russia: Priangarye produces 1 ton of gold

Since the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…

Russia: NLMK market share stable

In 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…

Russia: NLMK-Metiz output up in 2017

In 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…

Kazakhstan: gold reserves up in 2017

Last year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites.

According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)