Russia: Metalloinvest to sell all its Nornickel shares

Metalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock.

These are all Metalloinvest shares in Nornickel.

In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)

Russia: Severstal-Balakovo ships 2 million tons of metal

Severstal – Balakovo Bar Works has shipped 2 million tons of metal. The 2-millionth ton was produced in late June.

The company produces and sells billets and construction bars. The anniversary ton of rebars No. 8 has been supplied to the metal trading company StroyMetProfil in Moscow region. (Ukrainian metal)

Russia: MMK modernization decreases electricity consumption

Schneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…

Russia: Kuzbass coal output up in H1 2017

In January-June Kemerovo region enterprises increased coal output by 10% YoY, to 118.3 million tons, with exports up by 15%. The highest growth was demonstrated by SUEK-Kuzbass (by 1.8 million tons), Kiyzassky Open-Pit (by 1.7 million tons), Kuzbassrazrezugol (by 1.2 million tons), Raspadskaya Coal Company and Stroyservice (by 1.1 million tons each). Coal deliveries to…

Russia: ChTPZ to supply pipes to Georgia

ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…

Ukraine: Energy Ministry to make legal arrangements for Turkish companies’ coal purchase from uncontrolled areas

Ukraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…

Russia: Nornickel 2016 sustainable development results

Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…

Russia: MMK output up in Q2 2017

In April-June MMK increased steel output by 3.8% QoQ, to 3.182 million tons. Capacities were 90% loaded. Pig iron manufacture increased by 8.7% QoQ, to 2.578 million tons. The growth has to do with the scheduled repair of blast furnace No. 10 in Q1. Sales in Q2 reached 2.882 million tons, up by 5.9% QoQ,…

Russia: Dalur to increase uranium output

In 2016 Dalur mined 591 tons of uranium in Kurgan region.

The gradual putting of Dobrovolnoye deposits into operation by 2025 will allow the enterprise to increase output to 700 tons per year.

The Dobrovolnoye reserves are estimated at 7067 tons of uranium. (Ukrainian metal)