Russia: aluminum wiring returning to the market

RUSAL announces that aluminum alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminum. The Ministry of Energy of the Russian Federation has approved the order that regulates construction of electrical installations and permits the use of aluminum…

Russia: Kemerovo region coal output up in 2017

Russia’s largest coal-mining region, Kemerovo, plans to raise coal output to 240 million tons in 2017 from 227.4 million tons produced in 2016, governor Aman Tuleyev told the region’s Council of People’s Deputies. “We have not closed a single company despite all the problems, and we’ve even managed to build new ones and to hold…

Ukraine: Unisteel output to increase in 2018

In 2018 Metinvest intends to increase the loading of Unisteel LLC capacities 2.5-4-fold YoY, to 50-80 thousand tons of galvanized rolled metal. In 2017 the company will produce slightly over 20 thousand tons of metal, while the project capacity of the machinery is 100 thousand tons, thus it has the prospects of increasing output. With…

Russia: MMK to get Gazprom gas

Magnitogorsk Iron and Steel Works has concluded a 10-year agreement with Gazprom Mezhregiongaz Kurgan for the delivery of gas. The volume of the deal is 40.4 billion rubles without VAT. The agreement is valid through December 31, 2027. At present the main volume of gas to MMK is provided by Novatek-Chelyabinsk. Thus, MMK is diversifying…

Russia: Susumanzoloto yields 5 tons of gold

As of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…

Ukraine: Ferrexpo invests 1.5 billion UAH in GOKs

In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…