Russia: lead output down in January 2017
In January raw lead output in Russia dropped by 22.3% YoY and by 23.7% MoM. According to the Federal Service of State Statistics, in 2016 raw lead production in Russia dropped by 8.6% YoY. (Ukrainian metal)
Russia: NLMK BD approves of new composition of the Management Board
At a meeting held on March 3, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, approved of a new membership of the Management Board. The new Management Board now consists of: Oleg Bagrin, NLMK Group CEO, Chairman, Grigory Fedorishin, Senior Vice President, Deputy Chairman (a newly…
Ukraine: Stepnaya coal output down to 500 thousand tons
The state commission on the Stepnaya mine explosion will work for 1 month, with each Monday hosting a meeting. After the investigation the commission will present not only the information on the reasons, results and people responsible for the emergency situation, but will also recommend the Ministry of energy and coal industry how to avoid…
Kyrgyzstan: four companies submit proposals for Kara-Keche tender
The selection of consulting companies that will help Kyrgyzstan sell Kara-Keche coal deposit has begun. Applications for consulting services were received from Beyond Investment Group LLC, Deloitte & Touche, Mark Audit Bishkek, Industriel Electric Maden, Standard Development Consult, KPMG Tax and Advisory, and Ernst & Young. The technical part of the proposals was revealed. After…
Ukraine: SPF looking for ZALK state stake evaluator
The State Property Fund has announced a competition to select an evaluator of the state shares of the only primary aluminum producer in Ukraine – Zaporzhye Aluminum Works. The state has 68.01% stake (423.515 million shares). The evaluation of the company should be done as of February 28. The competition will take place on March…
Ukraine: coal output up in January-February 2017
In January-February Ukraine mined 7367.9 thousand tons of coal, up by 11.3% YoY, or by 750.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.2%, or by 338.3 thousand tons, to 1058.5 thousand tons, while that of power-generating coal went up by 16.5%, or by 891.3 thousand…
Russia: Evraz to produce balls at NTMK
The construction of the ball-rolling mill has started in the rail-beam shop of Nizhny Tagil Iron and Steel Works, a part of Evraz. According to the group statement, the site for the equipment is being prepared. The new machinery will produce 60-120 mm diameter balls of the special V group of hardness. At present Russia…
Russia: VSMPO-Avisma improving titanium plate production
Mashprom (Yekaterinburg) is supplying and assembling machinery for titanium plates to the sheet-rolling complex of VSMPO-Avisma. The line is expected to be put into operation in the nearest future. Delivery and assembly of the equipment are carried out in full accordance with the schedule. VSMPO-Avisma should start operating the new line in August. (Ukrainian metal)