Russia: coal exports up in Q1 2017

In January-March Russian coal exports climbed by 7% YoY, to 43.591 million tons, the Ministry of Energy statistics said.

In March Russia exported 15,489,400 tons of coal.

Coal production in January-March totaled 99,352,200 tons including 91,272,200 tons supplied. (Portnews/Ukrainian metal)

Uzbekistan: Almalyk Works starts developing the “Dalnee” deposits

Almalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…

Russia: Chukotka mining down in Q1 2017

In January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…

Ukraine to stop buying steam coal from Russia

Ukraine in the conditions of halting supplies of anthracite from areas that are not under control of the government in the anti-terrorist operation (ATO) zone would cut consumption of anthracite and will cover its shortage thanks to diversified imports, refusing to ship coal from Russia, Ukrainian Prime Minister Volodymyr Groysman has said. “Of course, we…

Russia: Raspadskaya to decrease debts

In H2 2017 Raspadskaya will clear $170-180 million of its debt and could ponder the long-term clearing during the year on the background of high coal prices. “We want to clear some $180 million of Raspadskaya debt. If there is enough free money, we could clear it quicker”, the company CEO Sergey Stepanov said. As…

Ukraine: state miners waiting for 410 million UAH of salary

Salary debts to state miners total 410 million UAH.

According to the chairman of the Independent Miners Union Mikhail Volynets, unions are negotiating clearing the debts with the officials.

This debt equals a monthly salary fund. The debt accumulated in 2015 and 2016.

Officials promised to help. (Ukrainian metal)

Russia: Metalloinvest revenue up in 2016

In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…

Russia: REMZ employees on strike

On April 8-9, the cities of Shakhty and Rostov-on-Don witnessed strikes as to the situation on the Rostov Electrometallurgical Works, which stopped paying salary to its employees in January. The employees protested against the violation of the labor legislation. They addressed the local authorities asking them to deal with the REMZ owner Vadim Varshavsky and…

Russia: RTZ-Ural output up in Q1 2017

Ryazan Pipe Works is developing manufacture at its RTZ-Ural site in the Republic of Bashkiria.

The Bashkiria plant has been working for 6 years and in January-March produced 10.5 thousand tons of electric-welding pipes, up by 30% YoY.

In March the plant shipped 3 thousand tons of pipes to customers. (Ukrainian metal)

Russia: Russian Coal output up in Q1 2017

In January-March Russian Coal mined 4.045 million tons of coal, up by 8% YoY. The highest growth in output was demonstrated by the enterprises of Krasnoyarskkraiugol – up by 16%. The company explains this with the high demand from the Asia-Pacific region. “Despite the decrease in coal consumption in Europe, the demand for this fuel…

Ukraine: Poroshenko to confiscate coal

The president of Ukraine Petr Poroshenko suggests taking coal from Ukrainian power companies if they import it from Russia. “The next issue that the president is going to discuss with the National Security Council is the possibility of confiscating coal, which is sent from the occupied mines in Donbass to Russia, and then sold back…