U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 6.4 billion rubles in the first stage of the development of the Kachkanar-proper titanium magnetite vanadium-containing ore deposit in the Sverdlovsk region, the company said in a statement on May 27. Commercial ore production is expected to begin in the first quarter of…
The state enterprise Pervomayskugol has ordered the Mirnogradskaya Central Processing Factory coal processing services valued at 44.08 million UAH. This year the factory will have to process 304 thousand tons of coal at 145 UAH per ton. The price of the contract is 0.05% below the expected cost (44.1 million UAH). (Ukrainian metal)
Energomashspetsstal has successfully prepared for shipping four bulk billets for the manufacture of the steam generator at the second block of the Akkuyu NPOP in Turkey. The billets – 2 shells and 2 bottoms – were inspected by the TAEK representatives during the 2-day event. The total weight of the parts is 157 tons. They…
Ferrum-P LLC has increased the initial price for the Baitsetuy Nizhniy alluvial gold deposit in Zabaikalye region 29.7-fold. The auction took place on May 14. The company final offer was 74.818 million rubles. 7 companies participated in the auction. (Ukrainian metal)
In January-March, Urtuisky coal pit mined 794.7 thousand tons of coal, up by 2.8% YoY. The company is developing a coal deposit with the same name in Zabaikalye region. This year the enterprise has started a new investment program to increase output. Thus, this year it is planned to mine 3.2 million tons of coal,…
The National Tariff Commission has started an antidumping investigation on the imports of cold-rolled coils from Russia and Canada at the request of International Steels Limited (ISL) and Aisha Steel Mills Limited (ASML), who claim they have suffered from the imports. The investigation term is set from January 1 to December 31, 2018, and the…
In 2019 Ukraine is expected to produce 22.641 million tons of steel, up by 7% YoY. According to the Ministry of economical development and trade, rolled metal output will grow by 2%, to 18.8 million tons, and pig iron – by 4%, to 21.43 million tons. At the same time, scrap deliveries to metal companies…
In January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion. EBITDA dropped by 33%, to $435 million. Capital investments fell by 8%, to $198 million. At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)