In January-July Ukraine sold 1.185 trillion UAH worth of industrial products (goods and services), up by 26.6% YoY. According to the State Statistics Service, in July mining and processing industry sales increased by 20.6% YoY, including exports – by 24.9%. Metal products accounted for 17.8% of sales, while mining and quarrying products for 14.9%. (Ukrainian…
DetailsChukotka has been decreasing gold output lately. The local authorities believe this is because of the thinning of gold deposits. In 2016 the region obtained 29.184 tons of gold, down by 9.17% YoY. “We are settling issues with new projects. We’re constructing electricity lines. We are prepared to work at the Kupol deposits, and at…
DetailsIn January-August coal enterprises produced 23.592 million tons of coal, down by 9.4% YoY. According to the Ministry of energy and coal industry, coking coal output decreased by 24.5%, to 4497.3 thousand tons, power-generating coal – by 5%, to 19094.7 thousand tons. In August Ukraine produced 2543.2 thousand tons of coal, down by 26.1% YoY.…
DetailsInterest for using bank loan on investment project will be returned to Belarus Iron and Steel Works from the state budget. This is envisioned in the Council of Ministers’ decree dated August 31. The company will be paid back interest for using bank loan in foreign currency in 2013-2015. The payback will be in Belarus…
DetailsOn September 4, Belarus Iron and Steel Works smelted the 50-millionth ton of steel. Each year the jubilee tons are reached sooner thanks to the reconstruction at the works. The 20-millionth ton was produced in 2004, 20 years after the production started. In early 2013 the works produced the 40-millionth ton. In 4.5 years BMZ…
DetailsRusal announces the manufacture of the first in Russia high-voltage power transformer with aluminum winding. The project was carried out by the Engineering-Construction division in 2016-2017 within the program to improve the stability of electric equipment operation at Rusal aluminum plants. The first transformer has already arrived at the Bratsk Aluminum Works. Rusal plans to…
DetailsAt the Horizon mine in the pro-Russia terrorist-occupied Makeevka following the accident at least two miners perished. The accident happened on September 1, when the mine was flooded. The body of a miner – the Makeevka citizen (born 1987) – was recovered. Soon after that the body of another miner was found – also Makeevka…
DetailsThe Minister of Energy of the Republic of Kazakhstan, Kanat Bozumbayev, has dubbed the troubled facilities in terms of the preparation for the upcoming heating season. “In a number of regions, there are outstanding issues that require additional measures to ensure the stability of the upcoming heating season,” Kanat Bozumbayev said at a government session.…
DetailsThe Supreme Commercial Court of Ukraine has left unchanged the ruling of the Kiev commercial court of appeals as to the volume of the main debt of Dneprovsky Iron and Steel Combine to Metinvest at 5.19 billion UAH instead of 2.566 billion UAH. At the same time the ruling of the Commercial court of Kiev…
DetailsThe Lviv region state administration is against uniting all the state mines into one company, the administration fuel and energy saving department director Mikhail Melnik reported. “We don’t like the idea of turning separate enterprises into manufacturing subdivisions. We want money invested into each mine, we want them modernized. The country is carrying out the…
DetailsOn September 1 a new standard TK 99 “Aluminum” GOST R 57454-2017 “Primary aluminum and the alloys on its basis. Forms of output and delivery. Marking, packaging, transportation and storage” developed by the Aluminum Association came into effect. The goal of the standard is to improve the quality and competitiveness of aluminum products, and update…
DetailsRost Bank has filed a bankruptcy claim to the Arbitrary court of Sverdlovsk region as to Rezhnickel. The amount of the claim is 202.6 million rubles. In late August Rost Bank filed a similar claim as to Ufaleinickel, demanding 202.6 million rubles as well. Rusal enterprises in the Ural Federal District stopped operating because of…
DetailsKola MMC has finished reconstructing the nitrogen-oxygen plant, having put into operation a new air-separation unit with compressor equipment. The modernization will allow Kola MMC to considerably decrease expenses when manufacturing air separation products widely used in the non-ferrous metals manufacture. The company believes the economic impact from the implementation of new techniques will amount…
DetailsThe RusHydro board of directors has preliminary approved of the results of its participation in the construction of the Taishet Aluminum Smelter together with Rusal. RusHydro has estimated the cost of a 50% stake in the project at $388 million (22.5 billion rubles). Another aspect of the company participation in construction is Rusal confirmation of…
DetailsRusolovo, the only tin-mining company in Russia, in January-August produced 511 tons of tin concentrate, up by 70% from the historical maximum of 300 tons, reached by the company in 2015. “The considerable increase of the tin output is the result of the consecutive investments into restoration and development of capacities”, the company CEO Evgeniy…
DetailsNLMK is planning to start a road show with dollar-nominated eurobonds in USA and Europe on September 6. Meetings with investors will be held in London, Zurich, New York and Boston. J.P. Morgan, SG CIB, ING and UniCredit will act as organizers. Depending on the market situation NLMK intends to offer mid-term bonds to investors.…
DetailsThe European Bank fro Reconstruction and Development intends to lend ArcelorMittal Kriviy Rih 200 million euro.
The total amount of the loan could reach 350 million euro, with 150 million provided with the help of other institutions.
The loan will be used to support the AMKR investment program valued at $1.1 billion. (Ukrainian metal)
In January-August Ukraine produced 13.826 million tons of steel, down by 16% YoY. Rolled metal output decreased by 18%, to 11.806 million tons, pig iron – by 20%, to 12.772 million tons. At the same time pipe manufacture grew by 28%, to 691 thousand tons, while that of coke dropped by 21%, to 6.859 million…
DetailsThe Ministry of energy and coal industry will find financial resources – some 1 billion UAH – to pay salary to miners and clear 2017 debts. According to the miners union, the primary goal of the ministry and the government is to pay salary to miners in full, as well as clear all the debts…
DetailsThe Russian Environment Surveillance Service in Magadan region wants to annul the license to use subsoil resources given to Reserv LLC to operate at the Utinskoye deposits. According to the service the company has not started constructing infrastructure objects, nor has it prepared the mining object to be put into operation. The company director Victor…
DetailsZaporozhye Aluminum Works has recalled its employees from the forced vacation, which started on August 17-18. Still the company is not producing aluminum wire rod because of the absence of raw materials (primary aluminum). “We were not producing wire rod in Q2 and Q3 because of two reasons: there were still products at the warehouse,…
DetailsA subsidiary of the state concern Rosgeologia – Dalnevostochnoye PGO – is prospecting at the Arminskaya field in Primorsky region. The work is being financed from the federal budget under the state contract, the company being a subcontractor. The site with the size of 5706 square meters is situated on the territory of 3 administrative…
DetailsBeringpromugol LLC intends to have increased coal mining at the Fandyushkinskoye Pole deposits in Chukotka to 2 million tons per year by 2024. In 2020 a new processing factory with the capacity of 1 million tons per year will be put into operation. According to the company CEO Denis Kurochkin, until the end of the…
DetailsThe “Hovering Bridge” in Moscow is being constructed using the rebar threads supplied by Severstal-Metiz. For the construction of the bridge the company has already supplied over 170 tons of rebar threads. They were used as rebars in ferroconcrete structures. Now the bridge is ready for operation. The “Hovering Bridge” is a V-type structure. Its…
DetailsIn August Dneprovsky Iron and Steel Combine underproduced 10 thousand tons of rolled metal because of the forced idle time of the 400/200 mill. According to the acting director of the rolling shop on 400/200 mill Igor Chuyko, when the works resumed operation the mill did not operate in normal order because of the lengthy…
DetailsIn August Zaporizhstal produced 353.4 thousand tons of steel, up by 9.6% YoY. According to the company statement, pig iron output increased by 28.4%, to 381.8 thousand tons, and rolled metal – by 3.7%, to 2.175 million tons. In January-August Zaporizhstal produced 2.58 million tons of steel, 2.358 million tons of pig iron and 2.175…
Details