The department of subsoil use of the Siberian Federal District has allowed to put the first stage of the mine named after Titov in operation. The mine, a part of PMH-Ugol, is situated near the city of Leninsk-Kuznetsk, Kemerovo region. The construction of the first stage was finished in May. The company has already started…
The Supreme Court of Ukraine decided to send the cassation claim of Metinvest to Dneprovsky Iron and Steel Combine, a part of Industrial Union of Donbass, on the iron ore case to the Higher Commercial Court of Ukraine for another round of review. On November 9, 2016 the Higher Commercial Court of Ukraine decided to…
The European Bank for Reconstruction and Development (EBRD) has signed an agreement to provide a $140 million 5-year loan to silver and gold producer Polymetal International to develop the Kyzyl field in Kazakhstan, the company said in a statement on June 22. “The EBRD loan will finance remaining capital expenditures for the Kyzyl project, which…
In January-May Ukraine imported 483.56 thousand tons of ferrous metals valued at $399.24 million. The share of ferrous imports in the total volume in money terms reached 2.1%. In particular, Ukraine imported 280.01 thousand tons of flat-rolled carbon steel valued at $204.66 million, 24.44 thousand tons of ferroalloys ($53.01 million), 72.44 thousand tons of carbon…
President of Ukraine Petro Poroshenko, in the scope of his official visit to the United States, discussed with the U.S. leadership opportunities to enhance the cooperation in the energy sector, particularly possible coal supplies from the state of Pennsylvania to Ukraine. “We continued discussing with Vice President Pence and President Trump our cooperation in the…
In January-April Russia imported 228.2 thousand tons of galvanized steel, up by 34.7% YoY. The main supplier was Kazakhstan with the share of 58%. The average price on the Russian border in April was $741.7 per ton. Supplies from Kazakhstan increased by 89% YoY, prices – by 43%. Then comes Ukraine with the share of…
In January-April Russia imported 117.4 thousand tons of galvanized steel with polymer coating, up by 3.4% YoY. The main supplier is China, with the share of 48%. The average price on the Russian border in April was $800.5 per ton. Imports from China increased by 54% YoY, and the price – by 23.4%. Kazakhstan is…
By 2050 the demand for coal will decrease from 69 million tons to 31 million tons. According to the energy minister Kanat Bozumbayev, this will be the result of the increase in the usage of renewable energy sources. “In the sector of electricity and heating energy generation coal consumption will fall from 50 million tons…
