Ukraine: Russia processing factory bought

Ukrdorinvest LLC (Kiev) has purchased 73.5% of the Central processing factory “Russia” shares (Donetsk region).

As of Q2, 75.49% of shares belonged to DRFC LLC, while Ukrdorinvest owned only 24.5%.

Two more processing factories wanted to buy shares – Ukraina and Mirnogradskaya.

Ukrdorinvest also owns 24.5% in Mirnogradskaya processing factory. (Ukrainian metal)

Ukraine: coal consumption to grow

The Ministry of Energy and Coal Industry believes that in 2019 power-generating coal consumption by power plants will grow by 4.4% YoY, to 27.75 million tons. In particular, it is expected that 5.1 million tons of anthracite and 22.65 million tons of gas coal will be consumed. 4.67 million tons of anthracite will be imported,…

Ukraine: state Oschadbank selling Kiev assets of Ukrvtorchermet

The state bank Oschadbank has put on sale the property complex of the Ukrvtorchermet in Kiev.

The company is a major procurer, processor and exporter of ferrous scrap.

The complex is situated on three land plots with the size of over 8 ha.

The initial price of the complex is 175 million UAH. (Ukrainian metal)

Russia: ferrous scrap exports to Belarus up in September 2018

In September Russia exported 133.3 thousand tons of ferrous scrap to Belarus via railroad.

According to the Russian Railways statistics, this is up by 4.7% YoY.

In January-September scrap exports grew by 6.3%, to 1.08 million tons. (Ukrainian metal)

Russia: steel deliveries to metal structure companies down in September 2018

In September direct deliveries of rolled steel and pipes to Russian enterprises manufacturing metal structures totaled 53 thousand tons.

According to the railroad statistics, this is down by 27% YoY.

In January-September deliveries reached 547.9 thousand tons, down by 12.3% YoY. (Ukrainian metal)

Russia: Elgaugol coking coal output up in January-September 2018

In January-September Elgaugol mined some 3.9 million tons of coal, up by 28% YoY.

The volume of the rock transported reached 8 million cubic meters, up by 12%.

1.9 million tons of coal were processed, up by 17%.

The sales totaled 2.7 million tons, up by 36.2%. (Ukrainian metal)

Russia: Electrozinc to stop producing lead

Until the end of the year Electrozinc will liquidate its non-operating lead manufacture.

A part of the freed space will be used to construct a new electrolysis shop.

Investments in the project will exceed 100 million rubles.

The sinter department of the lead manufacture, operating since 1963, was shut down in 2012. (Ukrainian metal)

Russia: ZTZ confirms right to supply pipes to Europe

Zagorsky Pipe Works has finished the re-certification procedure according to EN 10219-1.

The certificate confirms the company right to supply its pipes to the countries working with the European system of pipe certification.

The certificate is valid until October 2019.

ZTZ received its first EN 10219-1 certificate in 2016. (Ukrainian metal)

Russia: Yakutugol completes coal shipment to far settlements

Yakutugol has finished delivering coal from its Djebariki-Khaya pit due to the wrap up of the summer navigation season.

In May-October the company shipped 307 thousand tons of coal.

The shipping plan has been exceeded by 2%.

Coal has been shipped by Yakutia rivers to 14 northern and central settlements. (Ukrainian metal)

Uzbekistan: Almalyk Mining and Metallurgical Combine left with full profit

The Ministry of Finance and the State Committee of Uzbekistan on Privatization, Demonopolization and Development of Competition left the Almalyk Mining and Metallurgical Combine with full net profit for 2017. Last year the combine earned 124 billion soums of net profit. Of this money, 88.2% (state share) – 109.4 billion soums – were decided to…

Tajikistan: loan needed to prospect alumina deposit

Tajikistan needs some $500 thousand to complete the prospecting works at the Kurgovad deposit. The deposit has large resources of alumina, the main raw material for the manufacture of aluminum. The project aims among other thing at “solving current economic and social issues of development of Tajikistan, mastering the manufacture of competitive products to replace…

Russia: UMMC attracts syndicated loan

Ural Mining and Metallurgical Company has attracted a debut syndicated loan of EUR 100 million. The loan has been provided by a pool of European banks: Raiffaisen Bank International AG, Raiffaisenbank, Rosbank and Societe Generale. The 3-year loan is structured as a classical re-export financing secured by the future supplies of copper and other export…