Russia: Mechel not taking into account DEMZ assets

Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…

Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on April 28, during which the agenda for the Annual General Shareholder Meeting (AGM) to be held on June 2, was approved. The list of persons entitled to participate at the AGM…

Ukraine: Ilyich-Stal to be liquidated

Shareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company.

The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision.

The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)

Ukraine: Lisichanskugol mine resumes operation after a yearlong break

Privolnyanskaya mine has resumed coal mining.

According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped.

On April 17, the mine yielded the first coal. (Ukrainian metal)

Russia: gold mining in Kolyma to increase

Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…

Russia: Beloretsk Works to regain position on stainless wire market

Beloretsk Iron and Steel Works intends to regain its position on the market of stainless wire.

According to the company statement, in addition to cooperating with electrode works, BMK works with spring works, to which it supplies wire of other steel grades. (Ukrainian metal)

Ukraine: coal stolen from DTEK sold in Turkey

DTEK forecasts that in 2017 Donbass mines on the uncontrolled territories taken from the company will decrease coal output 2-3-fold, to 4.4-5.6 million tons. The output plan for Komsomolets Donbassa, Sverdlovantrazit and Rovenkiantrazit mines this year was 12 million tons. The Starobeshevskaya TPP consumes some 2 million tons of coal per year, and the probable…

Ukraine: DTEK to stop using anthracite coal

DTEK energy holding is planning to refrain from the consumption of anthracite coal and transfer its TTPs to gas coal, DTEK Director General Maksym Tymchenko said. Tymchenko noted that during his last meeting with the DTEK owner Rinat Akhmetov, the issue on the increase of gas coal production was discussed. “DTEK is transferring to gas…

Kyrgyzstan: work on Solton-Sary mine resumed

Operations on Solton-Sary mine were resumed after a seasonal halt, press service of Kyrgyzaltyn OJSC informed. It is noted that the gold processing plant of the mine started working. Repairs, stripping works were conducted and about 4,500 tons of ore were mined during the planned shutdown. “The second line of the gold processing plant will…

Russia: Mechel ships rolled metal for Brest-OD-300 reactor construction

Mechel-Service has supplied over 250 tons of rebars for the construction of the energy complex with the new reactor Brest-OD-300 in Seversk.

The construction is carried out at the site of the Siberian Chemical Works. Rebars were produced at Chelyabinsk Iron and Steel Works. (Ukrainian metal)

Ukraine: South Korea imposes duties on ferrosilicomanganese

South Korea is prepared to impose preliminary antidumping duties on the import of ferrosilicomanganese from Ukraine, India and Vietnam. The Korea Trade Commission has completed the preliminary investigation, having found out the damage to local manufacturers done by imports form the three countries. The commission has recommended the Ministry of finances to impose preliminary antidumping…