The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…
Russian uncut diamond mining giant Alrosa and metals holding Norilsk Nickel have asked the natural resources minister to simplify the procedures needed to expand licensed fields. The licenses for the older deposits of the companies were given in the Soviet times or the early 1990s, when the depth and the area of drilling were severely…
Russia’s United Metallurgical Company (OMK) is seeking to sell or send to Russia the capacities of the Texas-based subsidiary OMK Tube and is in talks with South Korea’s SeAH Steel as a potential investor. The negotiations are not exclusive but other contenders for the asset have not been disclosed. OMK bought Tubular Solutions, a firm…
The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…
China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…
In October Ukraine (without the Russia-occupied Crimea and ATO zone) mined 2.7 million tons of coal, up by 0.2% YoY and by 5% MoM. According to the State Service of Statistics, in January-October coal output went up by 4% YoY. In September coal output dropped by 4%. (Ukrainian metal)
In the first half of November Makeevugol coal target mining was fulfilled by 93.3%. The group still has to mine 2920 tons. According to the company statement, its Kirov mine was ahead of all the rest. In particular, Kholodnaya Balka mined 101.2% of the plan, Kalinovskaya-Vostochnaya – 99.8%, mine named after Kirov – 103.7%, Yasinovskaya-Glubokaya…
In January-September DTEK mined 22.3 million tons of coal, up by 4.1% YoY, produced 28.6 billion kW-h of electricity, up by 1.7%, yielded 33.6 billion kW-h of electricity, down by 0.1%, and produced 1.2 billion cubic meters of natural gas, up by 33.1%. “We continue developing our companies and have finished two important projects. Pavlogradskaya…
