Ukraine: Ukrmetallurgprom and U.S. World Steel Dynamics sign memorandum of cooperation

Ukrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…

Kazakhstan: BAST to increase Maksut capacities

BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…

Russia: Kolmar to ship coal to India from 2020

Kolmar intends to start supplying coal to India having commissioned the coal terminal in the port of Vanino. After the construction VaninoTransUgol will be able to load large vessels. At present because of the long logistics scheme and low deadweight such a cooperation is unprofitable. Now the company has contracts for the supply of coking…

Russia: Solntsevskiy Pit coal output up in Q1 2018

The largest coalmining enterprise of the Sakhalin – Solntsevskiy Coal Pit – is increasing output. In January-March it mined 1.5 million tons, up 3.7-fold YoY. In February the miners set a regional record having obtained 650 thousand tons of coal. Last year the enterprise received a new KomatsuPC-3000 excavator with the ladle volume of 16…

Russia: Polymetal buys Prognoz

Polymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…

Ukraine: Mariupol Ilyich commissions another gas-purification unit

The sintering factory of Mariupol Ilyich Iron and Steel Works has commissioned the first complex of the modern gas purification. It will allow decreasing dust emissions by 90% and sulfur oxide emission by 43%. Machinery and technologies were provided by Termokimik Corporation (Italy). Investments in the project totaled $220 million. The reconstruction of the sintering…

Ukraine: Hugues Mingarelli visits PJSC ArcelorMittal Kriviy Rih

Hugues Mingarelli, Head of the European Union Mission to Ukraine, visited PJSC ArcelorMittal Kriviy Rih. This is his first visit to Kriviy Rih and to the biggest mining and steelmaking plant of Ukraine. Along with the delegation Mingarelli held a meeting with the management of the plant, where numerous important issues were discussed, such as…

Ukraine: Volnogorsk Works orders 4 million UAH worth of pallets

Volnogorsk Mining and Processing Works has ordered Lormex LLC the delivery of wooden pallets valued at 4.34 million UAH. At first the company ordered 15.5 thousand fir pallets. But later, because of the price increase on the market, the cost went up by 30%. The total amount decreased to 4.02 million UAH, with the pallets…

Ukraine: Nibulon transports metal by water

Nibulon non-self-propelled NBL-002 vessel transported the first batch of Ukrainian metal from Kamianske (Dnipropetrovsk region) to Yuzhnyi Port on April 21. Nibulon continues implementing its large-scale investment project aimed at increasing the volume of goods transported by river up to 4 million tons per year. The company plans to achieve this figure within the next…

Kyrgyzstan: Centerra Gold calls announcement on acquisition of Kumtor “market speculation”

Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…

Russia: Petropavlovsk gold output down in Q1 2018

In January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons). According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces. The average price grew by 4%, to $1295 per ounce. This year the company intends to obtain 420-460 thousand ounces of gold. Petropavlovsk Plc is…

Russia: Evraz Ukraine head transferred to Ural

Denis Novozhenov, who headed Evraz Ukraine, was appointed the director of the Ural division. “The division unites Nizhniy Tagil Iron and Steel Works and Kachkanarsky Mining and Processing Works. Novozhenov will continue developing Evraz assets in Sverdlovsk region according to the group strategy”, the company said. Novozhenov has been working at Evraz since 1996. This…