In 2016 the Petropavlovsk Group opened the Elginskoye gold deposits (Amur region). The reserves at the deposits are estimated at 56.2 million tons of ore with 72 tons of gold and 14 tons of silver. “I believe that Elgisnkoye deposits hides much more in terms of resources and reserves. It is much larger than our…
In 2016 almost all of Rusal Siberian plants increased aluminum output. In particular, Bratsk Plant – by 0.1%, to 1.005 million tons, Krasnoyarsk Plant – by 1.2%, to 1.024 million tons, Sayanogorsk Plant – by 0.9%, to 530 thousand tons, Novokuznetsk Plant – by 1.8%, to 213 thousand tons, Irkutsk Plant – by 1.2%, to…
Izhorsky Pipe Works, a part of Severstal, will supply 100 thousand tons of large diameter pipes for Gazprom’s Sila Sibiry (Power of Siberia) pipeline. The company will produce 1420 mm diameter pipes of K60 steel with inner and outer anticorrosion polyethylene coating. Since 2014 ITZ has shipped over 250 thousand tons for the pipeline project.…
Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…
Yenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…
PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…
Coal stocks in warehouses of thermal power plants (TPP) in Ukraine in the period from February 12 to February 19, decreased by 1.6% (by 24,000 tons), from 1.53 million tons to 1.506 million tons. According to Ukrenergo, in particular anthracite coal reserves during this period decreased by 4.8% (by 40,000 tons,) to 802,000 tons (including…
Instead of the anthracite coal from the uncontrolled territories Ukraine could import it from Russia or South African Republic, but in this case it would be twice expensive. “We could find alternative sources at once. But what do we change? We could import Kuzbass coal, but pay Russian miners instead of our own. And instead…
