Russia: Murmansk Regional Duma deputies visit Kola MMC

Members of the Murmansk Regional Duma have held an on-site meeting at Kola MMC that focused on the company’s environmental protection policy and improvement in environmental performance. The deputies reviewed the company’s environmental efforts and the progress of the Year of the Environment initiatives. Regional MPs paid a visit to the disposal facility for saline…

Russia: Mordashov reelected member of WSA executive committee

The Board of Directors of the World Steel Association (Worldsteel) has elected Alexey Mordashov, Chairman of PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, a member of the association’s 2017/2018 executive committee at Worldsteel’s 51th General Assembly in Brussels, Belgium. Alexey Mordashov is the only Russian representative in Worldsteel’s…

Russia: Metalloinvest starts pilot operation of concentrate intake facility at Mikhailovsky GOK

Metalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The company has invested 1.3 billion rubles in the project. The maximum design capacity of the facility is 3.2 million tons of concentrate per year. During the facility’s pilot operation, the company specialists will adjust the equipment and operating models in order…

Russia: Zyuzin sells a piece of Mechel for debts

The Zyuzins family decreased their consolidated share in Mechel from 55.04% to 50.1%, having given 4.93% to Veriotex Holdings Limited as a repayment of the debt. At present Igor Zyuzin owns 26.47% of the company, a part of which is owned through Calridge Ltd. “In October Calridge transferred 20.534 million shares as debt settlement”, the…

Ukraine: Interpipe to create JV with Vallourec

The pipe and wheel holding Interpipe intends to create a joint venture with the French Vallourec.

The Antimonopoly Service of Germany recorded the corresponding appeal on October 4.

In 2016 Interpipe sold 458 thousand tons of pipes, down by 10% YoY, and 114 thousand tons of wheels, up by 22%. (Ukrainian metal)

Russia: NLMK generates 96.5% of Lipetsk region exports

In January-September Lipetsk region foreign turnover increased by 42.5% YoY, to 3.4 billion rubles.

According to the local customs office, exports increased by 42.6%, to $2.8 billion, imports – by 42%, to $223 million.

NLMK ferrous metals accounted for 96.5% of the total exports. (Ukrainian metal)

Russia: Agrisovgaz starts producing high-precision aluminum castings

Agrisovgaz has started producing high-precision castings of aluminum alloys using vacuum-film molding.

The castings are made on the modern equipment. The products are tested for quality on site.

The company can now produce castings of 2-80 kg of aluminum and zinc alloys with the capacity of 600 tons per year. (Ukrainian metal)

Ukraine: Selidovugol miners on strike

At the Novogrodovskaya mine of the state enterprise Selidovugol in Donetsk region 34 miners of the first shift refused to go above ground.

According to the chairman of the International Miners Union of Ukraine Mikhail Volynets, they demand paying salary.

“The miners want their salary debts cleared”, he wrote on his Facebook page. (Ukrainian metal)

Ukraine: budget committee gives money to miners

The Verkhovnaya Rada budget committee has rearranged funds, which will allow paying salary to miners. “Some 306 million UAH will be spent to clear salary debts to miners”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. In particular, Mirnogradugol, where employees of only one mine were paid…

Ukraine: Deripaska sells NGZ

The Antimonopoly Committee of Ukraine has allowed Glencore to buy Nikolaev Alumina Works from Rusal.

Glencore will own a share in Aluminiy Ukrainy LLC and Guardon Ukraina LLC, which own 13.96% and 86.04% in NGZ respectively.

In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. (Ukrainian metal)

Russia: metal prices up in September 2107

In September industrial product prices increased by 2.4%.

According to the Federal Service of State Statistics, in quarrying and ore processing prices increased by 14.4%, in non-ferrous metals ore – by 1.9%.

Pig iron, steel and ferroalloys became 11.2% more expensive, while non-ferrous metals prices increased by 8.3%, and copper – by 7.1%. (Ukrainian metal)

Russia: gold output up in September 2017

Russian gold bar production rose by 5.4% YoY but fell by 6.1% MoM in September, the Federal State Statistics Service said. In January-September, gold bar production increased by 8.1% YoY. In 2016, Russia’s gold bar output fell by 7.8%. Previously, absolute figures on the production of non-ferrous metals were a state secret. The figures are…