Kazakhstan: coal price up in 2017

As of late November 2017, the coal increased in price by 27.6% (or by 2.6 thousand tenge), to 12 thousand tenge per ton, following the drop of 0.5% (52 tenge) in 2016, to 9.5 thousand tenge. In January-November 2017 coal mining reached 95.9 million tons, up by 5.2% YoY (or by 4.8 million tons). The…

Kazakhstan: Kazakhmys sums up 2017 results

In 2017 Kazakhmys Group of Companies fulfilled its manufacturing plan in advance. In particular the group produced and sold 232943 tons of cathode copper. Copper concentrate output totaled 238.300 tons. The average copper contents in the ore were 0.93%. Despite the shortage of the rolling stock Kazakhstan railroads transported 12 million tons of cargo, including…

Russia: Mechel creditors agree on restructure

Around 85% of Mechel creditors on the syndicate loan of $1 billion support the restructure conditions. In November 2017 Mechel reported that over half of the creditors supported them. The company continued negotiating. For the deal to be successful the company needed the approval of at least 75% of creditors. At present some 78% of…

Ukraine: Antimonopoly Committee to review Tigipko’s metal wares purchase

The Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…

Ukraine: Interpipe to supply 905 million UAH worth of pipes to Ukrgazvydobuvannya

Ukrgazvydobuvannya has ordered Interpipe Ukraine LLC the delivery of pipes valued at 905.99 million UAH.

Within three months the company will have supplied 18710 tons of casing pipes produced by Interpipe NTZ in 2017-2018.

The price is 2% below the expected cost of the purchase (921.72 million UAH). (Ukrainian metal)

Ukraine: Russian rebars and wire rod hit by antidumping duties

The Interdepartmental Commission on International Trade has imposed a 5-year antidumping duty of 15.21% on wire rod and rebars from Russia.

The decision will come into effect around February 28, 2018.

Ukraine started the antidumping investigation on imports of Russian rebars and wire rod in February at the request of AreclorMittal Kriviy Rih. (Ukrainian metal)

Russia: RUSAL reveals top 10 events of 2017

RUSAL has presented a list of the company’s most important events and achievements in 2017. The achievements form part of the company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where…

Russia: Odolgo increases gold output

The Priamurye region-based mining company Odolgo increased alluvial gold output in 2017 to 38.9 kg. Last year the company obtained 37.6 kg of gold. At the same time, the output plan for 2017 has been only 50% fulfilled. The target for the next year has not been officially set yet, but according to the company…

Ukraine: Centravis expecting sales increase

Centravis Production Ukraine forecasts that in 2017 its sales will grow by 20% YoY.

“Sales volume-wise we will grow this year by 20% it tons”, the company sales director Waldemar Scheiermann said.

According to him, the company orders portfolio in 2017 narrowed as it cut short-run and low-margin products. (Ukrainian metal)

Ukraine: Sukhaya Balka no longer Evraz

The new shareholders of Evraz Sukhaya Balka, sold in May to DCH, at their meeting on December 27 made several decisions regarding the company. “The shareholders have decided to rename the company into Sukhaya Balka”, the company statement reports. The corresponding changes will be introduced to the state registries. The company annual output is over…

Azerbaijan: Russian mining companies to co-operate with colleagues

Seven companies of Russia’s Arkhangelsk region, engaged in mining, are interested in cooperation with their colleagues from Azerbaijan. The list of these Russian companies has been published by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO). These are PJSC Severalmaz, JSC Arkhangelskgeoldobycha (diamond mining), LLC Onega Nerud (mining), JSC Severo-Onega bauxite mine (bauxite, clay, basalt…