Ukraine: evidence of removing coal from uncontrolled areas reason for filing claims to international courts

Deputy Minister for Temporary Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said that if there is evidence of shipping coal from the Ukrainian temporarily uncontrolled areas in Donetsk and Luhansk regions to Russia, this could be a reason for filing lawsuits to international courts. “These events are not in line with international requirements.…

Russia: ChMK modernizes CCM

Chelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…

Russia: TMK earnings up in Q2 2017

In Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…

Russia: Kolyma gold-mining growing

In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…

Kazakhstan: KAZ Minerals profits up in H1 2017

In January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016.

The company profits in the period increased from $302 million to $721 million.

In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)

Azerbaijan: metal imports in H1 2017

In January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…

Russia: Amurmetal starts exporting to Asia

The Amurmetal plant, the only metallurgical facility in Russia’s Far East, that resumed operations in late July after a 6-month shutdown, has launched exports to Asia, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area, on August 18. “Over 60% of the products is…

Uzbekistan: AMMC to channel $420 million towards development of “Yoshlik II” deposit

The President of the Republic of Uzbekistan signed a decree “On additional measures on further development of JSC “Almalyk MMC”. The document was adopted in order to accelerate the sustainable development of production facilities of JSC “Almalyk MMC”, expanding the raw material base of the plant, attracting the advanced technologies in the development of deposits…

Russia: Amurmetal makes 30,000 tons of steel

The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area. “Torex bought the facility in late January to become…

Tajikistan: TALCO output up amid world prices rise

Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…

Russia: Lermontovsky GOK not to go bankrupt but to remain idle

Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy.

According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled.

Still, until September most of the employees will not be working. (Ukrainian metal)

Russia: Russkiy Ugol output up in H1 2017

In January-June Russkiy Ugol enterprises mined 6.8 million tons of power-generating coal, up by 11% YoY and by 881 thousand tons from the target. Coal shipping in H1 totaled 6.5 million tons, up by 15% YoY. Krasnoyarskiy Krai was the leader in mining and shipping with output at 3.2 million tons, up by 23% YoY,…