DTEK buys its coal in Russia, despite the fact that in Rotterdam it’s cheaper. The anthracite that DTEK delivers from its own mines in Rostov region costs $95 per ton. Taking into account the basic fuel value the Russian anthracite is $13-15 per ton more expensive. (Ukrainian metal)Details
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In January-May Kemerovo region enterprises mined 97.3 million tons of coal, up by 8% YoY. According to the regional administration, in particular, 72.4 million tons of power-generating coal and 24.9 million tons of coking coal, up by 13.1% and down by 1% YoY respectively. (Ukrainian metal)Details
In January-May Amur region obtained 8407 kg of gold, up by 22.6% YoY, including 7699 kg of ore gold and 708 kg of alluvial gold. The growth has been provided by Petropavlovsk group of companies (Pokrovsky, Pioneer, Malomyr and Albyn), as well as Priisk Solovievsky. In particular, Priisk Solovievsky yielded 782 kg of gold, up…Details
At night there was a methane ignition at the DTEK Novodonetskaya mine. As the result 4 miners got light burns. The ignition occurred on the No. 3 northern face. At the time 122 miners were in the shaft. All of them returned to the surface. (Ukrainian metal)Details
Coal stocks at Ukrainian thermal power plants from June 6 through June 12 increased by 1.8%, to 2.52 million tons. According to the Ministry of energy and coal industry, anthracite coal stocks increased by 6.8%, to 608.8 thousand tons, gas-coal – by 0.4%, to 1.91 million tons. (Ukrainian metal)Details
The Annual General Meeting of shareholders (AGM) of PJSC MMC Norilsk Nickel was held on June 9. The AGM approved the final dividend for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately $7.83 at the RUB/USD exchange rate set by the Russian Central Bank as of April 28,…Details
Within the framework of the International Exhibition “Astana EXPO-2017” in the pavilion The World of Nuclear Energy the signing of memorandums between NAC Kazatomprom JSC and Cameco Corporation, Uranium One Inc., CGN and AREVA was held. All four documents determine the opportunities for cooperation in implementing in Kazatomprom the tasks outlined in the Address of…Details
The temporary duties on Ukrainian rebars, imposed by Egypt, will damage metal industry for several hundred million dollars. “At present Egypt is on the fifth position among countries which buy metal from Ukraine, and that’s 5%. Exports to Egypt started falling, they will fall by 5%, or by several hundred million dollars per year”, the…Details
Evraz-Ukraine says is does not cooperate with the companies on the Ukraine-uncontrolled territories, nor does it supply metal there. The company notes that there are cases of illegal use of the Evraz brand without the corresponding consent. Earlier the Information Resistance group claimed that major Russian companies, including Evraz, were cooperating with the so-called Donetsk…Details
In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year. According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors. In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)Details
In January-May the volume of industrial output totaled 84.7 billion soms, up by 34.7% YoY, but down by 24.2% from 2015. The increase this year was the result of metal output (1.5-fold) and metallic ore mining (3.9-fold) growth. The National Statistics Committee also notes that the country exported 1.5-fold more gold and 1.6-fold more precious…Details
Interpipe has appointed Igor Basay the new HR director. Basay has previously held the same office in PepsiCo Russia, and also worked at British American Tobacco, Kellogg’s as well as in the energy sphere. “Mr. Basay has the experience of managing personnel in major foreign holdings. I am sure his experience will strengthen our team”,…Details