The Pechersk district court of Kiev has arrested the assets of the largest ferroalloy producer Nikopol Ferroalloy Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works under the Privatbank embezzlement case. The General Prosecutor’s Office is investigating the embezzlement of 19 billion UAH provided to Privatbank in 2008-2016 by the National Bank…Details
Sibcable has started producing the HoldMine mine cable, which corresponds to the new requirements of Rostechnadzor.
The new requirements dictate using mine cables with improved characteristics.
The first batches of new cable have already been supplied to Kuzbass coal companies. (Ukrainian metal)
Two new hydraulic drilling mills with DML LP diesel engine have joined the drilling fleet of Krasnobrodsky and Kaltansky pits, parts of Kuzbassrazrezugol. They will be used to drill shafts when carrying out explosion works. The planned output of DML LP is 22 thousand meters of shafts per month. The company has been modernizing its…Details
Kamensk-Uralsk Non-Ferrous Metals Processing Works has increased sales to Russian machine-building companies.
In January-August sales grew by 1.5 thousand tons, or by 71% YoY.
Rolled brass and copper account for 90% of sales, rolled bronze share is 8%.
Machine-builders demand rods (53%), sections and plates (21%) and rectangular wire (11%). (Ukrainian metal)
Lebedinsky Mining and Processing Works has produced the 700-millionth ton of iron ore concentrate. The first ton of the concentrate was received in November 1972. At that time the capacity of the works was 7.5 million tons of ore per year. Now its capacities are much higher – to produce 100 million tons of concentrate…Details
MMK is preparing to purchase Lysva Iron and Steel Works. According to a source, the parties have signed preliminary documents and MMK has applied to the Federal Antimonopoly Service. The Service confirmed the receipt of the documents on August 17, but prolonged their reviewing to study the competition environment. MMK says it is regularly monitoring…Details
Astana is ready to hold consultations with Kiev regarding antidumping duties on certain types of steel pipes imported from Ukraine in the Eurasian Economic Union (EAEU). “Kazakhstan is ready to hold consultations with its Ukrainian colleagues. The possible timeframes of the consultations are being discussed,” a source at the National Economy Ministry of Kazakhstan reported.…Details
In September the Dobropolye Central Processing Factory reached the 3-million ton processing milestone since the start of the year. This happened 20 days earlier than last year. The factory with the project capacity of 2.5 million tons is steadily on its way to process 4 million tons of coal. In 8 months DTEK investments into…Details
The Kharkiv Works of Lifting and Transport Machinery (KhZPTO) has produced and shipped a crane with the capacity of 16 tons to ArcelorMittal Kriviy Rih. This is the second law crane produced by KhZPTO for AMKR. The experience from the previous order allowed the company to meet the customer’s requirements to the full extent. (Ukrainian…Details
The Lugansk region prosecutors have found out that Alchevsk Iron and Steel Works officials have evaded paying taxes in large amounts. In particular, in February AMK imported 19 thousand tons of coal and concentrate valued at almost 100 million UAH from Russia. The company submitted additional customs declarations with new data on foreign trade, and…Details
Eurasian Economic Committee has fined two Russian companies for 217 million rubles. NLMK and VIZ-Stal LLC were found guilty of taking actions affecting the competition on the border markets of two or more EAEU countries. From January 1, 2005 till June 30, 2016 the companies, being a sole market participant in Belarus, Kazakhstan and Russia,…Details
In January-July Russia imported 107 thousand tons of steel pipe products from Germany, up 24-fold. June showed the record volumes – 53.7 thousand tons in the history of imports from Germany. In May and July imports were also considerable (some 25.5 thousand tons). Large diameter pipes account for around 95% of the imports. And they…Details
Belarus Iron and Steel Works is expanding the range of its exports. This year two new countries were added to the company destination. For the first time in its history BMZ has sent metal to Benin and Togo. In January-August BMZ exported to 51 countries. The largest importers were Russia, the Netherlands, Israel, Lithuania, Poland,…Details
In August Russia produced 4.9 million tons of pig iron, down by 5.9% YoY (4.915 million tons in July). In January-July Russia produced 40.001 million tons, down by 3% YoY. Ukraine in August decreased pig iron output by 8.8% YoY, to 1.79 million tons (as in July), and by 17.2% YoY in January-August, to 13.238…Details
Since its commissioning in 2003 Rosterminalugol has exported 140 million tons of coal.
The 130-millionth ton was exported on May 15, on the port’s birthday.
The anniversary 140-millionth ton was loaded onto Rixta Oldendorf bulker (Post-Panamax), which took onboard over 111.3 thousand tons of coal. (Ukrainian metal)
Because of the limitation of steel coils supplies from metal works, Korolevsky Pipe Works intends to shut down its manufacture from October 15.
In October the company will produce 15 thousand tons of pipes. The decrease will affect all pipes sizes, produced at the works. (Ukrainian metal)
In January-July Russia imported 17.1 thousand tons of stainless steel rods, up by 25.6% YoY, valued at $4.5 million, up by 39.4%. According to the customs statistics, nickel contents mostly do not exceed 2.5%. Ukraine accounts for around 60% of all the volume, up by 8.2%. In July the average price was $2414 per ton.…Details
In July Metinvest EBITDA increased by 8.84% MoM, or by $13 million, to $160 million, with revenue up by 1.67%, or by $12 million, to $732 million. According to the group statement, in July it sold 265 thousand tons of semi-finished products valued at $101 million. In particular, it sold 154 thousand tons of pig…Details
In August the global pig iron output increased by 2.6% YoY, to 102,472 million tons. According to World Steel Association, China is leading with 62.608 million tons, up by 4% YoY. Ukraine is on the 9th position with 1.79 million tons, followed by Taiwan with 1.25 million tons and preceded by the USA with 1.86…Details
Moody’s has improved from Stable to Positive the outlook for Rusal. The company corporate rating remained on Ba3 level. “Our decision to change the Rusal outlook is connected with the decrease of borrowed money early in the year on the background of the profit increase as the prices for aluminum improved”, the agency said. In…Details
SMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau.
The company will also supervise the assembly and commissioning of the new complex.
The cost of the machinery is not disclosed.
The new furnace will be put into operation in Q2 2018. (Ukrainian metal)
Russian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg. Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part…Details
Exploration and development company Chaarat Gold is planning to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country. “The improving climate in the country for mining companies has been demonstrated not only by the recent license agreement signed by the Kyrgyz…Details
In August Russia produced 5.6 million tons of steel, down by 5% YoY (5.585 million tons in July). In 8 months steel output totaled 46.535 million tons, down by 1% YoY. Ukraine in August decreased steel output by 5.5% YoY, to 1.8 million tons (1.81 million tons in July), with 14.114 million tons produced in…Details
Uzbekistan signed a contract on supply of uranium to the United States. The contract is designed for 7 years and its cost exceeds $300 million. “It is a long-term contract. This is very important and significant. The total value of the contract exceeds $300 million,” said Elyor Ganiev the Minister of Foreign Trade of Uzbekistan.…Details
The arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…Details