Corum Group is in search for additional orders on the market of Vietnam. “Vietnam has major plans as to coalmining and so it has to stop using mining by hand. The country is building new mines that will be equipped with machinery. We have a turnkey contract with Vinacomin to construct two shafts of Nui…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 521 521 444 444 August 495 495 409 409 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
Russian steelmaker Severstal’s coal production unit Vorkutaugol is evacuating workers from the Zapolarnaya mine because the carbon monoxide level has exceeded the norm, the company said in a statement. “In accordance with the safety rules, the workers on the shift are being lifted to the surface. Emergency Ministry troops are investigating the mine. There were…
DTEK Pervomayskoye Mine Group has put into operation a new long face with 430 thousand tons of coal. The length of the face is 280 meters. Coal deposits will be enough for 8 months. Since the year start Pervomayskoye Mine Group has put 2 long faces into operation. The group annual coal target is 3.3…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 443 2135 418 418 August 389 2135 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-June Metinvest B.V. received $90 million of net profits as opposed to $166 million of losses in H1 2015. The company revenues dropped by 21% YoY, to $2.88 billion, while EBITDA decreased by 7%, to $580 million. The total debt increased by 1%, to $2.98 billion. According to the group CEO Yuri Ryzhenkov, the…
On October 10, the mine named after Skochinsky, situated near the military zone, put into operation a new long face with 493 thousand tons of coal deposits. “The length of the face is 238 meters, the thickness of the layer is 1.5 meters, and the deposits are estimated at 493 thousand tons. We plan to…
Norilsk Nickel provides an update on the status of the sale of its 50% participation interest in the Nkomati JV. On October 17, 2014 Norilsk Nickel announced that it had entered into a binding agreement for the sale of its African assets to Botswana-based BCL Investments, which was controlled by the government of Botswana. All…