The owner of Metalloinvest the billionaire Alisher Usmanov reported on the salary at the enterprises. For example, in Belgorod region, where the main enterprises of Metalloinvest are situated – Mikhailovsky and Lebedinsky GOKs and OEMK – the average salary is 24 thousand rubles, according to Rosstat. “At our enterprises the average wage is 41 thousand…Details
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Ukrainian metal companies consider its fair to extend the term of the increased scrap export duty, as the raw material is scarce on the local market. According to Metinvest CEO Yuri Ryzhenkov, the group has wintered without a considerable shortage of scrap for the first time in three years. “We were able to get good…Details
NLMK Group, an international steel company with facilities in Russia, Europe and the USA, boosted its spending on environmental projects and initiatives by 12% in 2016, to RUB 7.05 billion. The majority of funds were used for projects and initiatives to improve air quality. For example, NLMK Lipetsk upgraded gas cleaning systems at the refractory…Details
Centerra Gold Inc. regrets to report a fatality at its Kumtor mine. On April 11, an individual, a vehicle mechanic, was fatally injured while inspecting a light vehicle pickup truck in the field. An internal investigation has commenced and Kumtor management is working with the Kyrgyz regulatory authorities. “Centerra and Kumtor are deeply saddened by…Details
In January-March Kyshtym Electrolytic Copper Plant produced 31.9 thousand tons of cathodes, having reached a new record. In Q1 the copper-smelting shop was working at its maximum capacity, providing copper electrolysis shop with anodes and copper powder. 38.9 thousand tons of anodes were manufactured there. The copper electrolysis shop produced 31.91 thousand tons of copper…Details
Zagorsky Pipe Works goes on diversifying the structure of suppliers of steel sheet, used in making pipes. To the major Russian suppliers, such as Severstal, MMK, etc., ZTZ has added a foreign manufacturer – Posco (South Korea). “The rolled sheet of Posco, which we bought in small batches last year, satisfied both our clients and…Details
Mechel reports that its cooperation agreement with Baosteel Resources, which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tons of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s…Details
In March Ukrainian metal companies consumed 140 million cubic meters of natural gas, down by 30 million cubic meters MoM. Average daily gas consumption dropped by 1.6 million cubic meters, to 4.5 million cubic meters. In Q1 metal companies consumed 510 million cubic meters of gas, up by 11% YoY. Average daily consumption increased from…Details
In March Ukrainian metal companies received 265 thousand tons of scrap, up by 45 thousand tons MoM, and 85% of their total needs. In March their scrap stocks decreased by 10 thousand tons, to 95 thousand tons. As of January 1, their stocks totaled 190 thousand tons. In Q1 metal companies received 715 thousand tons…Details
The general manager of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko hopes the Ukrzaliznytsia scrap tenders will be transparent and aiming at the interest of business. “Ukrzaliznytsia has finally announced the long-awaited tenders to sell scrap. We’ve been waiting for almost 2 years. We hope that local iron and steel works get this scrap,…Details
Prime Minister of Ukraine Volodymyr Groysman has supported the introduction of a temporary moratorium on the bankruptcy of coal mining enterprises. “The norm on the moratorium on bankruptcy should be temporary to conduct restructuring, because I believe that some people dishonestly exploit Ukrainian legislation to block the work of Ukrainian mines. I support, and I…Details
Russian Copper Company (RCC), the country’s third largest copper producer, may acquire 50% in the Udokan copper deposit, Alisher Usmanov, the founder of USM Holdings, which owns Baikal Mining Company, the operator of the Udokan deposit, said on April 12. “We are in active talks with banks and partners from Russian Copper Company on cooperation…Details
Russian hydropower giant RusHydro’s board of directors will consider participating in construction of aluminum giant UC RUSAL’s Taishet Aluminum Smelter on April 19, after a strategy committee has discussed it. The participation plan includes creation of a special purpose vehicle with RUSAL to raise $1.1 billion project financing, of which about $200 million will be…Details