Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…
Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…
Gazprom is negotiating a 20% discount with pipe producers. A source said that the decision had been already made and all pipe producers agreed on the discount. Two sources said that the issue was discussed between Gazprom and pipe producers’ executives on January 16 but no final decision had been made. One more source said…
The Toshkovskaya Mine of the state enterprise Pervomayskugol has put a new long face into operation. Its length is 200 meters, and the reserves are estimated at 150 thousand tons of coal. With the output of 100 tons per day, the miners have enough work for some 4 years. It should be noted that prior…
In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…
In 2018 ArcelorMittal Temirtau intends to increase steel output by 8.8% YoY, to 4.35 million tons per year. According to the company statement, metal sales are expected to grow to 4 million tons. “We also plan to produce 3.94 million tons of pig iron. We have to prove that we can reach this target, as…
The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…
In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY. The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016. The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)
