Russia: aluminum disc import to be licensed

Russia is introducing licensing of aluminum discs imports from April 10 till October 9. The licensing will cover aluminum wheel discs produced in countries outside the Eurasian Economic Union. The development of the decree started in 2017, when the Ministry of Industry and Trade was discussing the issue of licensing aluminum discs imports from China.…

Russia: Denisovskaya factory sets coal processing record

Denisovskaya factory set an absolute record of coal processing on March 27.

The factory processed almost 22 thousand tons of coal.

The day before, on March 26, another record was set at the factory – Denisovskaya mine extracted 4500 tons of coal. (Ukrainian metal)

Russia: NLMK DanSteel expands niche plate line

NLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…

Russia: 3.5% in Polyus placed on secondary market

A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market.

The offering is proceeding with an accelerated book building.

VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)

Russia: Gaysky GOK completes jaw crusher assembly

Gaysky Mining and Processing Works has commissioned an Uralmashzavod jaw crusher.

Until the end of the year UMZ intends to produce over 30 large crushing machines, up almost 2.5-fold YoY.

The jaw crusher has been assembled at the first crushing stage of the processing factory. (Ukrainian metal)

Ukraine: UGOK concentrate output up in Q1 2019

In January-March Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 5.7% YoY, to 3.183 million tons. At the same time sinter output dropped by 36.4%, to 331.8 thousand tons. In March UGOK produced 1.09 million tons of concentrate and 120.2 thousand tons of sinter, up by 5.1%, but down by 47.8% YoY…

Ukraine: Ferrexpo to squeeze out PGOK minority shares

Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders.

At present Ferrexpo AG owns 189.313 million ordinary shares. (Ukrainian metal)