In January-July DTEK Energo produced 13.4 million tons of gas coal, up by 15.6% YoY. According to the company statement, at present thermal power plants using gas coal operate at the maximum loading. They produce more electricity, increasing fuel consumption. To satisfy the gas coal demand DTEK Energy in 2017 increased investments in mining 1.5-fold,…Details
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Naftogaz Ukrainy has asked the Commercial court of Donetsk region to open a case on the bankruptcy of Energomashspetsstal. The suit was filed on August 3 by the Naftogaz daughter company – Gaz Ukrainy. As of August 1 EMSS is the fourth largest debtor of Naftogaz as to gas among industrial consumers with its debt…Details
The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…Details
In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…Details
Since the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…Details
Chelyabinsk Zinc Works has completed the transition to using large size cathodes in the zinc electrolysis shop. The investment program presupposed the modernization of all the necessary capacities all over the works. And the cathode replacement is one of the most important steps of the program. The shop baths contain 16,320 cathodes. The size of…Details
Mechel-Service has supplied 2.2 thousand tons of rolled metal for the construction of the Platov international airport in Rostov-on-Don. Chelyabinsk Iron and Steel Works rebars account for most of the metal supplied. The company also delivered construction mesh, beams and sheets. Platov is designed to become the main air haven of the South of Russia.…Details
In January-June Altai-Koks produced 2.04 million tons of coke, up by 5% YoY. The company capacities were 98% loaded. Altai-Koks sold some 82% of coke domestically, including 76% within the NLMK Group. The rest was exported to Uzbekistan, Kazakhstan, German, Belgium and Finland. (Ukrainian metal)Details
Russian coal exports in January-July increased by 9.5% YoY, to 106.3 million tons, the Ministry of Energy of Russia statistics showed. In July the commodity exports totaled 15,855,000 tons. Coal mining in the seven-month period reached 231,389,000 tons, with 201,519,000 tons shipped. (Portnews/Ukrainian metal)Details
Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…Details
Chervonograd city council has addressed the president, the prime minister and the minister of energy and coal industry informing them on the difficult situation of miners at the state enterprise Lvivugol and the salary payment problems. “The Lvivugol miners are facing a very difficult situation because of the unstable payment of salary. This situation has…Details
Avdiivka Coke and Chemical Works is modernizing the railroad station. Investments into the project total 24 million UAH. At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)Details
Dneprovsky Iron and Steel Combine has put its blast furnace No. 12 into operation. Thus the blast furnace shop now operates BFs No. 1M, 9 and 12. 4 sintering machines are now providing the shop with sinter. The converter shop continues manufacturing square billets. BF No. 9 was put into operation on August 1. (Ukrainian…Details