Ukraine: Lisichanskugol director fired

The minister of energy and coal industry of Ukraine Igor Nasalik has dismissed Alexei Potanin from the office of the acting general director of Lisichanskugol. According to the company statement, Potatin has been in the office since mid-June, following Boris Perepelitsa, who has been in charge for some 3 months. Lisichanskugol mines energy-generating coal and…

Ukraine: Interpipe Niko Tube to pay 1.2 billion UAH to Alfa-Bank

The Dniepropetrovsk Commercial Court of Appeals has refused to satisfy the appeal of Interpipe Niko Tube as to the decision of the Commercial Court of Dniepropetrovsk region of June 6.

According to the decree, the company being a guarantor has to pay Alfa-Bank 1.2 billion UAH of loan debt of Nizhnedneprovsk Tube Plant. (Ukrainian metal)

Russia: Vekselberg mulls buying Onexim stake in Rusal

Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…

Ukraine: miners see no money promised

The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…

Ukraine: Corum Group to enter Turkey, Iran and India markets

Corum Group is negotiating ways to enter markets of Turkey, Iran and India.

According to the company CEO Yakov Sidlyarenko, Corum Group’s current primary goal is to increase export sales in Kazakhstan, Belarus, Russia, Poland and Vietnam. (Ukrainian metal)

Ukraine: Zaporizhstal output down in August 2016

In August Zaporizhstal decreased pig iron, steel and rolled metal output.

In particular, according to the company statement, it produced 297.3 thousand tons of pig iron, 322.2 thousand tons of steel and 275.1 thousand tons of rolled metal, down by 29 thousand tons, 27.5 thousand tons and 15.6 thousand tons YoY, respectively. (Ukrainian metal)

Ukraine: metal output up in January-August 2016

In January-August Ukraine produced 16.43 million tons of carbon steel, up by 9.3% YoY. Pig iron manufacture went up by 14.5%, to 15.99 million tons, that of rolled metal – by 8.7%, to 14.34 million tons. Metallurgical coke output jumped up by 17.6%, to 8.64 million tons, while that of steel pipes dropped by 4.8%,…

Russia: Rusal changes heads of two aluminum smelters

Rusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…

Ukraine: Corum Group occupied 52% of mining machinery market in 2015

Corum Group estimates its share on the Ukrainian market of mining machinery in 2015 at 52%.

According to the company CEO Yakov Sidlyarenko, local sales in 2015 dropped by 6.6% YoY, to 72.7%.

Corum is the largest mining machinery manufacturer in Ukraine and a part of System Capital Management. (Ukrainian metal)

Russia: zinc concentrate output up in January-July 2016

In January-July Russia increased zinc concentrate output by 39.3% YoY.

According to the Federal Service of State Statistics, in July zinc concentrate output went up by 13.3% YoY and by 16.3% MoM. (Ukrainian metal)

Ukraine: coke import-export in July 2016

In July Ukraine imported $23.11 million worth of coke, while exports totaled $2.43 million. According to the State Fiscal Service, the major supplier of coke in July was Poland ($11.04 million). In January-July Ukraine imported $140.26 million worth of coke, with exports on the level of $15.52 million. In June coke imports totaled $33.59 million,…

Ukraine: ferroalloys export-import in July 2016

In July Ukraine exported $60.29 million worth of ferroalloys, while imports reached $9.58 million. According to the State Fiscal Service, the main consumer of Ukrainian ferroalloys in July was Turkey ($15.13 million). In January-July Ukraine exported $399.4 million worth of ferroalloys, with imports on the level of $48.39 million. In June ferroalloys exports reached $65.15…