Russia: ferrous metals railroad transportation up in September 2017

In September Russian Railroads transported 7.6 million tons of ferrous metals, up by 15.7% YoY.

Positive dynamics is seen in all directions, except for transit.

Since the start of the year ferrous metals railroad transportation has increased by 5.6% YoY. (Ukrainian metal)

Russia: Vysochaishiy commissions Ugakhan

On October 23 Vysochaishiy (GV Gold) commissioned the Ugakhan Mining and Processing Works according to the schedule. The Ugakhan gold deposits were discovered in 2010. The C1+C2 gold reserves are estimated at 49 tons (1.58 million ounces). The deposits will be developed till 2029. Investments in the project totaled $200 million. Each year the GOK…

Russia: Rusal ratings up

Fitch has increased the Rusal long-term default rating from BB- to B+, with stable forecast.

The short-term rating has been confirmed on B level.

Rusal Bratsk long-term rating has been increased from BB- to B+ stable. (Ukrainian metal)

Ukraine: Centravis 100% loaded

Centravis Production Ukraine’s capacities are 100% loaded. According to the company CEO and main shareholder Yuri Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the…

Ukraine: Evraz Sukhaya Balka ore output down in January-September 2017

In January-September Evraz Sukhaya Balka produced 1.847 million tons of iron ore, down by 5.1% YoY.

In September output was 235 thousand tons.

In 2016 the enterprise produced 2.564 million tons of iron ore, down by 8.8% YoY.

The company capacity is 3.1 million tons of ore per year. (Ukrainian metal)

Russia: MidUral Group revenue up in 2016

In 2016 MidUral Group revenue increased by 13% YoY, to 8.3 billion rubles. Profit before taxation was 373.3 million rubles as opposed to losses in 2015. The net debt as of December 31, 2016 decreased by 20.2%. MidUral Group comprises Klyuchevsky Ferroalloys Works, Russkiy Chrome 1915, Klyuchevskaya Processing Factory (all in Russia), Dirox S.A. (Uruguay),…

Russia: Severstal increases purchases from Vologda region

Severstal has increased purchases of goods and services from Vologda region by 2 billion rubles YoY.

According to the company statement, in January-September Severstal bought 15.4 billion rubles worth of goods and services in the region, up by 14% YoY.

Severstal is cooperating with over 300 companies in Vologda region. (Ukrainian metal)

Russia: RUSAL boosts aluminum output in Q3 2017

Production of Russian aluminum giant UC RUSAL rose by 1.1% QoQ, to 931,000 tons in July-September. In January–September, the company’s aluminum output rose by 0.3% YoY, to 2.763 million tons, it said. Aluminum sales fell by 3.4% QoQ, to 968,000 million tons in July-September, with the average price rising by 2.1%, to $2,124 per ton.…

Kyrgyzstan: Kazakh coal supply problems

There are interruptions in the delivery of Kazakh coal to Kyrgyzstan, Kuban Myrzakanov, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic reported. According to him, there is no official ban on the supply of coal to Kyrgyzstan. Bishkek Heating and Power Plant receives the fuel as usual.…

Russia: Voronezh region has 10% of nickel ores

The nickel deposits of Voronezh region are estimated at 10% of the whole Russian reserves. According to the professor of natural deposits and subsoil use of Voronezh state university Konstantin Savko, there are no other nickel deposits in Russia with such economically positive indexes. Other deposits are more expensive to operate. “For Voronezh region the…

Russia: Rosterminalugol ships coal to Portugal

For the first time in its history Rosterminalugol has shipped coal to Portugal.

The Panamax-type Sea Trubite received 77.5 thousand tons of power-generating coal. It took 36 hours to load the vessel.

Rosterminalugol is constantly increasing the geography of its sales. At present the company ships coal to over 20 countries. (Ukrainian metal)

Russia: Kimkano-Sutarsky GOK iron ore concentrate up in January-September 2017

In Q3 Kimkano-Sutarsky Mining and Processing Works produced 469.9 thousand tons of iron ore concentrate, selling 453.6 thousand tons. In January-September output totaled 1.167 million tons, up 5.5-fold YoY. Sales in 9 months increased 4.8-fold, to 1.152 million tons. According to the company it is working at an 80% capacity. By late 2017 the capacity…