Ukraine: SPF confirms fulfillment of privatization obligations by AMKR

State Property Fund of Ukraine (SPFU) has confirmed the fulfillment of investment obligations by ArcelorMittal Duisburg Beteiligungsgesellschaft mbH (owner of 95.13% shares of ArcelorMittal Kriviy Rih) in 2016 according to Sale and Purchase Agreement. SPFU conducted the inspection at ArcelorMittal Kriviy Rih on February 7-10. This is the 18th inspection of SPFU conducted directly at…

Ukraine to increase coal output in 2017

Ukraine’s coal production is expected to increase by 60-80%, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has stated. “I look at the development of coal industry with optimism. We have set a task to increase coal production by almost 60-80%, and we will achieve this result by joint efforts,” Nasalyk said. According to him,…

Russia: VIZ-Stal puts new machinery into operation

VIZ-Stal, a part of NLMK, has completed the first stage of transformer rolled metal thermal treatment machinery modernization. In particular, 8 new stands of bell furnaces have replaced outdated machinery, improving the reliability of the furnaces and decreasing expenses. Within the first stage of the modernization program 7% of all the stands at VIZ-Stal have…

Russia: Izhstal deliveries to Belarus up in 2016

In 2016 Izhstal, a part of Mechel, increased deliveries to Belarusian MAZ by 71% YoY. Supplies to Spetsagro increased by 96%. Shipments to other major Belarusian companies also increased. In 2016 exports totaled 7.5% of Izhstal output. The company exported to 21 countries. Major importers were Belarus, Belgium, Kazakhstan, USA, Germany and France. Alloyed steel…

Russia: coal exports in 2017 to increase

In 2017 coal companies of Russia plan to export 175 million tons of coal, up by 10 million tons YoY.

In 2016 Russia mined 385 million tons of coal, with Kuzbass region yielding 227.4 million tons. 165 million tons were exported. (Ukrainian metal)

Ukraine: Ukrzaliznytsia scrap auctions fail

On February 6, the South-Western Railroads, a subsidiary of Ukrzaliznytsia, held its first scrap auctions with the total value of 4.2 million UAH. The trade was announced on January 25. Only 2 companies participated: Nizhin Research and Mechanical Plant (NDMZ) and Trading House Budkom. The initial price of the auction was 5935 UAH per ton.…

Uzbekistan: Almalyk GOK finds new products

In 2016 Almalyk Mining and Processing Works manufactured an industrial machine to produce coal briquettes. The further works is underway.

In January the works produced and assembled 5 new machines. By May the company plans to have produced 61 units.

Uzbekistan: Almalyk GOK starts producing new wares

Almalyk Mining and Processing Works started manufacturing new product – copper wire.

The output at the shop will reach 5 thousand tons of copper wire per year with the diameter of 1-4.5 mm.

Raw materials – copper wire rod – will be supplied by Uzkabel.

The project allowed creating 23 new jobs. (Ukrainian metal)

Ukraine: separatists want Ukrainian metal and mining works “nationalized”

The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…

Russia: Onexim to sell part of RUSAL stake

Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…

Kyrgyzstan: licenses of two gold miners suspended

The licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…