Kazakhstan: major mineral exploration project implemented

A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…

Ukraine: anthracite to be replaced with gas coal

Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine should fully refuse from anthracite and increase the production of gas coal. “Ukrainian anthracite coal is in occupation area in Ukrainian Donbas. We have to do everything to refuse from anthracite and increase the production of gas coal as much as we can,” Groysman said…

Russia: Raspadskaya net profit up in H1 2018

In January-June one of the largest coking coal producers in Russia – Raspadskaya – increased revenue by 23% YoY, to $542 million.

Net profit grew by 34%, to $225 million, with EBITDA up from $235 million to $303 million.

At the same time coal output decreased by 9%, to 5.4 million tons. (Ukrainian metal)

Ukraine: Zaporizhstal buys school kits

Zaporizhstal together with Zaporozhogneupor, Zaporozhkoks and Zaporozhye Casting-Mechanical Works under the annual program “First time to school” handed stationary kits to 5500 pupils, the children of their employees. Altogether the stationary kits cost 3.1 million UAH. The children who went to school for the first time received their first school bags with stationary kits. Children…

Russia: SUMZ revenue up in H1 2018

In January-June Sredneuralsky Copper Smelting Works reports increase in revenue.

In particular, its amount has grown almost 2-fold YoY, from 9.19 billion rubles to 16.71 billion rubles.

Gross profit totaled 2.73 billion rubles. (Ukrainian metal)

CIS: pig iron output up in July 2018

In July Russia produced 4.475 million tons of pig iron, up by 3.9% YoY, with 4.331 million tons produced in June. In January-July Russia increased pig iron output by 1.3% YoY, to 30.39 million tons. Ukraine, though it has left CIS, improved pig iron output by 13.9% YoY, to 1.767 million tons in July, with…

Russia: ITZ supplies 108 thousand tons of pipes to Kharampurskoye deposits

Izhorsky Pipe Works has finished supplying over 100 thousand tons of large diameter pipes for the construction of the Kharampurskoye oil and gas condensate deposits in Yamalo-Nenets Autonomous District. According to the contract, the company started supplying pipes in Q2 2017, having successfully completed the delivery in summer 2018. ITZ produced LDP with the diameter…

CIS: steel output up in July 2018

In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…

Russia: ChelZinc produces trial batch of indium alloy wire

Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys.

The wire consists of 52% of indium and of 48% of tin.

At present the company is studying the market.

Trial samples of wire have been sent to prospective customers. (Ukrainian metal)

Russia: steel furnace vault destroyed at Bezhitskaya Stal

On August 30 the vault of the arc furnace at Bezhitskaya Stal was partially destroyed.

5 people were injured in the accident.

The company is operating in the normal mode, no manufacturing process has been suspended.

According to the preliminary inspection, it will not take long to resume the operation of the furnace. (Ukrainian metal)

Russia: scrap deliveries to VMZ down in July 2018

In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad.

According to the railroad statistics, deliveries dropped by 132.7% YoY.

In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)