Two companies – Kintero Limited and Belismo Limited (both from the Seychelles islands) have become owners of 19.3% shares of Nikopol South Pipe Works each. In particular, Kintero Limited increased its stake from 0% to 19.338041%, while Belismo Limited – from 0% to 19.337861%. The Transportno-investitsionniye technologii LLC (Kiev) has sold its 38.675721% of NTPZ…Details
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The total volume of investments by Kolmar into mining and processing complexes of Ingalinsky and Denisovsky in Yakutia is estimated at 28.4 billion rubles. This is envisaged in the agreements, signed by the Corporation of the Far East Development with Ingalinsky GOK and Denisovsky GOK on March 14. The companies are involved in the construction…Details
The deputy chairman of the Russian government Dmitry Kozak suggested the major industrial groups to supply iron ore to the militants of the so-called Donetsk and Lugansk People’s Republics. In particular, Alisher Usmanov’s Metalloinvest and Alexei Mordashov’s Severstal representatives attended the meeting with Kozak. According to a source, the issue of iron ore deliveries to…Details
The Severniy Mining and Processing Works has stopped half of its pelletizing machines because of the railroad blockade of the occupied territories. “Ukrainian metal industry has dropped to the 5-year minimum, the companies have started shutting down. Dneprovsky Iron and Steel Works operates only one blast furnace, the employees have received 25% of the January…Details
The state power-generating company Centrenergo plans to import 2.5 million tons of coal through seaports starting in May. In particular, through the Yuzhny seaport it will import 1.5 million tons of coal, through Transinvest-service terminal and Chernomorsk port – 500 thousand tons each. The expected cost of the transportation services is 646 million UAH. (Ukrainian…Details
The ChTPZ group has made a trial delivery of large diameter pipes (LDP) to Africa. The company has supplied over 2 thousand meters of LDP for the Ain Sukhna Product Hub liquefied gas transportation and storing project in Egypt. The pipes with the diameter of 711.2 mm and the wall thickness of 12.7 mm made…Details
In 2016 Severstal supplied over 22 thousand tons of metal to Russian shipbuilding companies, up by 34% YoY. According to the company statement, Severstal products are used both in civil, and military shipbuilding. The company produces all the range of shipbuilding steels. Last year Severstal started producing PC F500 W strength plate with 70 mm…Details
The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, saw the replacement of 4 magnetic separators. “The output of the new equipment is 100-160 tons per hour. Last year we replaced 6 separators and plan to replace 4 more this year”, the factory director Dmitry Oler said. (Ukrainian metal)Details
The self-proclaimed Donetsk People’s Republic (DPR) has sent the first, ‘trial’, consignment of its coal to Russia. “Today first 95 wagons of coal departed. This is a trial consignment,” DPR leader Alexander Zakharchenko said. Zakharchenko did not elaborate on any specific characteristics of the coal supplied. (Interfax-Ukraine/Ukrainian metal)Details
In 2017 the Ministry of energy and coal industry expects the uranium concentrate output to increase by 21.5% YoY, or by 215.9 tons, to 1.221 thousand tons. According to the ministry statement, the forecast for 2018 is 1.501 thousand tons (up by 22.9% YoY), for 2019 – 2.48 thousand tons (up by 65.2%), and for…Details
In 2016 VSMPO-Avisma, the leader of the Russian titanium industry and the largest taxpayer of the Sverdlov region, increased net profits 1.8-fold YoY, from 14.8 billion rubles to 26.6 billion rubles. The revenues totaled 76.2 billion rubles, up by 4.9% YoY. The net profits were influenced by the growth of the dollar exchange rate resulting…Details
Yuzhny Kuzbass, a part of Mechel, has purchased a pump for coal concentrate water separation before drying valued at some 6 million rubles for its Siberia central processing factory. The new pump boasts better productivity, as it creates up to 300 cubic meters of air environment per minute, and can also decrease electricity expenses. The…Details
Evraz has paid some of its loans to a number of banks in Kazakhstan in advance. According to the group statement, it has cleared $120 million of its pre-export financing loan of $500 million, $81 million of the $125 million loan from Unicredit, and $87 of $100 million from Nordea. The Kazakhstan Bank on Development…Details