Russia: Ruspolymet exports up in 2018

In 2018 Ruspolymet has doubled its exports, to 2 billion rubles.

Next year the company intends to further increased exports by 1 billion rubles.

At present the company exports rings and heat-resistant steel forgings.

By 2024 Ruspolymet expects to have increased its exports to 6 billion rubles annually. (Ukrainian metal)

Russia: 268 billion rubles to be invested in Peschanka

The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles.

3 thousand jobs will be created.

The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)

Kazakhstan: ore output up in January-November 2018

In January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining.

Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works.

Non-ferrous ores output increased by 3.9%. (Ukrainian metal)

Russia: Raspadskaya sets coal output record in November 2018

Raspadskaya mine extracted 806 thousand tons of coal in November, up from the target of 684 thousand tons.

This is the best monthly result among Raspadskaya Coal Company enterprises.

This is also the highest result for the past 8 years.

The mine is managed by the Raspadskaya Coal Company and extracts coking coal. (Ukrainian metal)

Ukraine: ferroalloys exports down in January-November 2018

In January-November Ukraine exported 823.45 thousand tons of ferroalloys valued at $899.895 million, down by 3.2% and by 11.4% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (17.37%), Italy (14.99%) and the Netherlands (13.7%). At the same time Ukraine imported 51.24 thousand tons of ferroalloys valued at $148.9 million, down…

Kazakhstan: 85 tons of gold a year to be mined

The country’s two giants, Bakyrchik mining enterprise and Sary Arka Copper Processing, are set to reach full production capacity. “The advanced mining enterprise using the latest equipment and technologies is set to produce 10 tons of gold concentrate an average per year. Realization of the project will let excavate gold ore within nine years and…

Ukraine: Metinvest still liquidating Donetskkoks

Metinvest is carrying out a process to liquidate Donetskkoks situated in the temporarily occupied territory of Donetsk region.

On December 27 the extraordinary meeting of the company shareholders will hear the liquidator’s report.

The decision to liquidate the company was taken by the Donetskkoks shareholders on March 29. (Ukrainian metal)

Russia: ZEMZ sues Krasniy Octyabr for 3 billion rubles

The arbitrary court of Chelyabinsk region has received a claim from Zlatoust Electrometallurgical Works to Volgograd Iron and Steel Works Krasniy Octyabr.

The volume of the claim is over 3 billion rubles.

The details are not disclosed. (Ukrainian metal)

Russia: Belon suing MMK for $160 million

The minority shareholders of Belon demand MMK, owning over 95% in the company, to buy coal assets and not reorganize them. They also estimate the company losses at 10.7 billion rubles ($160 million). The reorganization was carried out in 2015-2017. The minority shareholders, who have filed the claim, hold 1.3% in Belon. MMK entered the…

Russia: Balakovo Metal Structures Works to be declared bankrupt

The arbitrary court of Saratov region will hear the case of the Balakovo Metal Structures Works.

The claim came on May 22 from the Yaroslavl-based Remindustria.

On November 23 the claim was declared valid.

The court will sit on March 13, 2019. (Ukrainian metal)