Russia: Mechel to supply coke to Serbia

Mechel has signed a memorandum on delivery of coke to HBIS Group Serbia Iron & Steel. According to the agreement, Moskoks will supply up to 120 thousand tons of coke products to Serbia, or 30 thousand tons each quarter. The delivery will be carried out from January till December 2018. The price will be determined…

Russia: Izhstal gets export loan from Roseximbank

Roseximbank has opened a loan of 3.35 billion rubles for 2.5 years.

The financing is carried out under the state program of supporting exports of highly technological products.

Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)

Russia: NLMK Group increases iron ore fines output

NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, has commissioned four more high-pressure grinding roll (HPGR) units, boosting productivity of Stoilensky’s Beneficiation Plant by 0.8 million tons of iron ore concentrate, to 17.4 million tons per year. As a result, Stoilensky has now covered 100% of the…

Russia: Indian company wins auction to produce coal in Kamchatka region

FINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22.

The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)

Ukraine: Luhansk terrorists appoint provisional administration at AMK

On December 19 the terrorist organization of the Luhansk People’s Republic, created and supported by Russia, decided to appoint provisional administration at the Alchevsk Iron and Steel Works. “The decision has been taken due to the transport, power and economic blockade. The AMK idleness results in the negative influence on the machinery, the destruction of…

Russia: Dalur uranium output up in 2017

Dalur is leading among the mining companies of Rosatom in uranium output. According to the company CEO Nikolai Poponin, in 2017 Dalur is expected to produce 592.3 tons of yellow cake, up by 0.1% YoY. The company has drilled 242 shafts and its reserves have increased by 667 tons of uranium. “We have improved the…

Russia: Kuzbassrazrezugol commissions new excavator

Taldinsky coal pit, a part of Kuzbassrazrezugol, has commissioned a new Uralmashzavod excavator. This is the fourth 19-cubic meter Uralmashzavod excavator in the company fleet. The first excavator of the series has been operating for 6 years and so far has dug 32 million cubic meters. This year Kuzbassrazrezugol is expected to spend 11 billion…