Russia: Amurmetal planning development

In January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…

Russia: Nizhneyakokitsky Works yields 500 kg of gold

In January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…

Russia: coal output up in Primorye region in H1 2018

In January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY.

In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons.

This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)

Ukraine: decree to clear debts to miners signed

The speaker of the Verkhovna Rada Andrei Parubiy has signed the decree on state coal industry financing.

The decree has been sent to the president Petro Poroshenko.

261 members of the parliament voted in favor of the decree.

The decree aims to clear salary debts to state miners. (Ukrainian metal)

Russia: 300 thousand tons of scrap exported to Turkey in June 2018

According to Turkish Statistical Institute (TUIK), in January-June Turkey increased scrap imports by 15.8% YoY, to 10.77 million tons.

In particular, Russia increased deliveries by 60%, to 1.33 million tons.

In June scrap imports from Russia grew by 66.1%, to 299.165 thousand tons. (Ukrainian metal)

Ukraine: Metinvest gets Pokrovskoye Mine Group

Metinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine.

Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH).

At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)

Ukraine: miners demand energy minister fired

The representatives of several state coal enterprises have started a meeting near the Ministry of energy and coal industry demanding their salary debts to be cleared and the coal industry reanimated. According to them, the document signed by the energy minister Igor Nasalik on the clearing of the 1.5-billion UAH debt to state miners is…