Kazakhstan: AMT sees management rotation

The ArcelorMittal CIS CEO Paramjit Kahlon has presented new top-managers of ArcelorMittal Temirtau. In particular the team was joined by Ashok Sontalia, the financial director, Vadim Basin, the repairs director, Andrei Berg, the steel department director, Yevgeny Romashin, the coal department director, Maurilio Botelo, Orken LLC director, Anna Adom, HR director, Serik Bekembayev, legal director,…

Russia to resume beryllium manufacture

The Tomsk Polytechnic University and the scientific-manufacturing enterprise Redkiye Metally Sibiri (Rare metals of Siberia) have completed the first stage of beryllium manufacture creation. The start of the first stage is Krasnokamensk (Zabaikalsky krai) using the technology developed in the university is scheduled for late 2018 – early 2019. At present only two countries mine…

Russia: Uraltrubprom exports thick-walled pipes

The exclusive size of Uraltrubprom shaped tubes enjoys stable demand. Recently the works has exported yet another batch of shaped tubes with the size of 400x400x20 mm in accordance with EN 10219 made of S355J2H coil steel. Uraltrubprom is the only producer of thick-walled square and rectangular large diameter pipes of coil steel in Russia…

Ukraine: Volnogorsk Works buys expensive containers

Volnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, in December 2016 ordered soft PP containers valued at 32.5 million UAH from Delis-Prof LLC. This year the company has to supply 168 thousand various containers and 2 thousand PP inserts. The price of most products exceeds those of last year…

Russia: copper output up in 2016

In 2016 raw copper output in Russia increased by 0.7% YoY.

According to the Federal Service of State Statistics, copper rods and sections output went up by 18.8% YoY, plates, sheets, and strips – by 3.9%, while that of wire decreased by 11.8%, and of foil – by 8.3%. (Ukrainian metal)

Ukraine: coal stocks down in 2016

In 2016 coal stocks in Ukraine decreased by 34.6% YoY, to 4.183 million tons.

According to the State Statistics Service, this does not take into account the temporarily occupied territories of Crimea and the Antiterrorist operation zone. (Ukrainian metal)

Russia: Rusal prices $600 million debut Eurobond

Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size $600 million, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing the company’s current indebtedness. Vladislav Soloviev, Rusal’s CEO said: “We are delighted to win overwhelming support for our debut Eurobond…

Russia: Yakutugol output up in 2016

In 2016 Yakutugol, a part of Mechel, mined 9.9 million tons of coal, up by 8% YoY. Neryugrinsky pit yielded 9.3 million tons, up by 10% YoY. This is a record for the enterprise since 2008. Kangalassky pit also demonstrated a considerable growth in mining. Last year it yielded 170 thousand tons of coal, up…

Russia: Olkon decreasing environment impact

Olenegorsk Mining and Processing Works, a part of Severstal, intends to spend 60 million rubles in 2017 on environment measures, up almost 2-fold YoY. “Our priority is to decrease the impact on air and water. Most of the money will be spent on those projects”, the acting CEO Alexei Scherbakov said. The largest environment project…

Kazakhstan to lose Russian coal market

The prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…

Ukraine: Selidovugol buys 5 million UAH worth of lamps

The state enterprise Selidovugol has ordered Trialtrade LLC the delivery of helmet lamps valued at 4.98 million UAH.

This year the company has to supply 2.5 thousand explosion-proof lamps at 1990 UAH apiece.

In May 2016 Selidovugol purchased the same lamps from another supplier at 1080 UAH apiece. (Ukrainian metal)

Kyrgyzstan: Kyrgyzaltyn gold works sees profits in 2016

The gold-processing works of Kyrgyzaltyn received 132.5 million soms of net profit in 2016, up by 84.1 million soms YoY.

In 2012-2015 the average profit of the works was around 80 million soms.

Output at the works increased last year by 25.4% YoY. (Ukrainian metal)