Russia: Olkon to get new crushing complex

This year Olkon will get a new crushing complex. A site is being prepared for it at the entrance to Olenegorsk quarry. “The 130-million project will help Olkon produce the high quality breakstone for its own use and to sell”, Olkon executive director Alexei Borisov said. The capacity of the crushing machine is 60 thousand…

Russia: Nornickel to optimize logistics system

RZhD Logistika will provide services on logistics consulting to Norilsk Nickel. The corresponding agreement has been signed within the XII international railroad business forum “Strategic Partnership 1520”. RZhD Logistika will analyze the Nornickel transport schemes and its overhaul plans, creating the consulting report on the transport model. “Logistic consulting for such a major company as…

Ukraine: DTEK coal output up in Q1 2017

In January-March DTEK mined 8.36 million tons of coal, up by 15.7% YoY. Coal concentrate output in Q1 increased by 29.2% YoY, to 4.27 million tons. It should be noted that DTEK started buying coal for its thermal power plants in South African Republic and Poland to cover the shortages of coal deliveries from the…

Russia: Tulachermet borrows from Alfa-bank

The largest pig iron manufacturer of Russia – Tulachermet – has signed an 8-billion rubles loan agreement with Alfa-bank for 3 years. The money will be spent to refinance the company current debts. “Alfa-bank has offered good conditions, thanks to which we have been able to optimize the structure of our loan portfolio”, the Promyshlenno-metallurgichecskiy…

Ukraine: coal export-import in January-May 2017

In January-May Ukraine imported $1.036 billion worth of coal, up 2-fold YoY. According to the State Fiscal Service, the major suppliers were Russia (52%), USA (25.5%) and Canada (7%). In particular Russia supplied $538.9 million worth of coal, up from $363.8 million, USA – $264.5 million, up from $83.8 million, and Canada – $72.8 million.…

Ukraine: Zaporozhogneupor output up in January-May 2017

In January-May Zaporozhogneupor produced 41.356 thousand tons of refractories, up by 2% YoY.

In May output increased by 8% YoY, to 8.912 thousand tons.

Zaporozhogneupor is the largest manufacturer of refractory products and materials in Ukraine. (Ukrainian metal)

Kazakhstan: Trading House MMK doubles sales

Since the beginning of 2017 the Trading House MMK LLC has sold over 75 thousand tons of rolled metal in Kazakhstan, up 2-fold YoY. The company has long and successfully been operating on the Kazakhstan market, increasing sales. In May the company sold its record volume of metal – 20 thousand tons. Trading House MMK…

Russia: Irkutsk region obtains 5.4 tons of gold

In January-May Irkutsk region obtained 5431.42 kg of gold, with 1126.58 kg being alluvial gold, and the rest (4304.84 kg) ore gold.

In January-April the region yielded 3704 kg of gold.

This year the target is 21277 kg of gold, down by 2 tons YoY. (Ukrainian metal)

Ukraine: scrap export-import in January-May 2017

In January-May Ukraine exported 101.86 thousand tons of ferrous scrap, down by 50.7% YoY, valued at $21.586 million, down by 40.5%. According to the State Fiscal Service, scrap imports increased by 18.2%, to 11.954 thousand tons valued at $10.248 million, up 3.6-fold. The main suppliers of scrap were Turkey (84.25%), Moldova (7.9%) and Russia (4.18%),…

Ukraine: Lvivugol miners to be paid 34.5 million UAH of salary debt

On June 7 Lvivugol received 34.5 million UAH for the sale of coal.

All the money was spent to clear April salary debt to miners.

Earlier the miners informed of the intention to block the international Lviv – Rava-Russkaya road if they were not paid salary for April. (Ukrainian metal)