Ukraine: ferrous metals export revenue up in January-September 2017

In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…

Ukraine: Volyn miners on strike

Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…

Ukraine: angles struck by EAEC duty

According to the decision of the Eurasian Economic Commission, the antidumping duty on Ukrainian hot-rolled angles will be 37.89%. The decision will come into effect in 30 days after its official publication, but not earlier than October 11. In May it was decided to impose a preliminary antidumping duty for 4 months (till October). With…

Russia: coal exports up in January-September 2017

Russian coal exports in January-September increased by 5.4% YoY, to 138.449 million tons, the Ministry of Energy of Russia statistics showed.

In September, the commodity exports totaled 15,257,000 tons.

Coal mining in the nine-month period reached 299,193,000 tons, with 260,204,800 tons delivered. (PortNews/Ukrainian metal)

Kyrgyzstan: three vice presidents leave Kumtor

Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…

Ukraine not to import coal from Poland

Ukraine will not be able to import coal from Poland in this heating season, as the country is in need of coal imports itself. According to the energy programs director at the Center for world economy and international relations of the National academy of sciences of Ukraine Valentin Zemlyansky, recently Poland has started importing coal…

Russia: Primorye to limit scrap exports

The people deputies of Primorye region have discussed the appeal of the regional port authorities to limit exports of ferrous metals scrap.

The share of the region in the Russian scrap exports does not exceed 20%. Exports mostly go to South Korea. Direct railroad exports of scrap are almost zero. (Ukrainian metal)

Ukraine: terrorists unable to cope with AMK shut down results

The so-called Council of ministers of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, has openly addressed the citizens of Alchevsk saying it has been unable to provide for the operation of its main enterprises. “Fellow countrymen! The government of the republic is worried by the situation at the major companies…

Ukraine: UGOK output up in September 2017

In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…

Russia: MMK to pay dividends for H1 2017

On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…

Russia: MMK certifies rebars according to Belarus standards

MMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…

Russia: Polyus to increase gold output in 2018

In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…