Russia: UEM repairs anode-baking furnace

The anode-baking furnace No. 2 at the copper-smelting shop of Uralelectromed has been repaired.

It took a month to repair the furnace.

The furnace capacity is 350 tons of anode copper per smelting. (Ukrainian metal)

Ukraine: EBRD approves granting 350 million euro to AMRK

The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…

Russia: Yakutugol mines 350 million tons of coal

Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation.

The previous milestone – 340 million tons – was reached in 2016.

The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)

Ukraine: ferrous metals export revenue up in January-September 2017

In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…

Ukraine: Volyn miners on strike

Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…

Ukraine: angles struck by EAEC duty

According to the decision of the Eurasian Economic Commission, the antidumping duty on Ukrainian hot-rolled angles will be 37.89%. The decision will come into effect in 30 days after its official publication, but not earlier than October 11. In May it was decided to impose a preliminary antidumping duty for 4 months (till October). With…

Russia: coal exports up in January-September 2017

Russian coal exports in January-September increased by 5.4% YoY, to 138.449 million tons, the Ministry of Energy of Russia statistics showed.

In September, the commodity exports totaled 15,257,000 tons.

Coal mining in the nine-month period reached 299,193,000 tons, with 260,204,800 tons delivered. (PortNews/Ukrainian metal)

Kyrgyzstan: three vice presidents leave Kumtor

Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…

Ukraine not to import coal from Poland

Ukraine will not be able to import coal from Poland in this heating season, as the country is in need of coal imports itself. According to the energy programs director at the Center for world economy and international relations of the National academy of sciences of Ukraine Valentin Zemlyansky, recently Poland has started importing coal…

Russia: Primorye to limit scrap exports

The people deputies of Primorye region have discussed the appeal of the regional port authorities to limit exports of ferrous metals scrap.

The share of the region in the Russian scrap exports does not exceed 20%. Exports mostly go to South Korea. Direct railroad exports of scrap are almost zero. (Ukrainian metal)

Ukraine: terrorists unable to cope with AMK shut down results

The so-called Council of ministers of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, has openly addressed the citizens of Alchevsk saying it has been unable to provide for the operation of its main enterprises. “Fellow countrymen! The government of the republic is worried by the situation at the major companies…

Ukraine: UGOK output up in September 2017

In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…

Russia: MMK to pay dividends for H1 2017

On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…

Ukraine: coal output down in January-September 2017

In January-September Ukraine produced 26.15 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 22.9%, to 5.049 million tons, power-generating coal – by 8.3%, to 21.1 million tons. In September coal output totaled 2.544 million tons, down by 27.6% YoY. Coal enterprises…