Russia: TMK to produce new pipes for Gazprom

Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…

Russia: Evraz to improve Abagurskaya Factory output

The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…

Russia: Norilsk Nickel signs $2.5 billion syndicated facility agreement with international banks

PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…

Ukraine: 4 coal enterprises get loan guarantees

The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…

Ukraine: AMKR finishes construction of the first stage of Centralnoye tailings pond

ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…

Russia: Izhstal speed steel sales up in 2017

In 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…

Russia: AEM-Tekhnologii to supply machinery for Severstal sheet-rolling shop

AEM-Tekhnologii has produced for Severstal a cylinder to modernize the accumulator station of the water decaling unit at the 2000 rolling mill.

In 2015 the company supplied 2 similar cylinders to Cherepovets.

The volume of the cylinder is 9.25 cubic meters. It has successfully passed the tests. (Ukrainian metal)

Ukraine: gold and silver exports prohibited

Ukraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018.

The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)

CIS: pellets exports in January-November 2017

In January-November Ferrexpo exported 9.433 million tons of iron ore pellets. In particular, Poltava GOK exported 7.07 million tons and Yeristovo GOK – 2.362 million tons. In 11 months Metalloinvest exported 4.984 million tons of pellets (Mikhailovsky GOK – 2.916 million tons and Lebedinsky GOK – 2.068 million tons). Karelsky Okatysh exported 5.038 million tons…