Russia: ZAL gets new price

The temporary manager of the Aluminum Castings Works (Altai region) Sergey Pupkov has put on sale assets of the company. The starting price of all lots is 215 million rubles. Machinery and mills are being sold as one lot for 120 million rubles. The offers are accepted by June 11. This is the fourth time…

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Ukraine: coal consumption down in March 2017

In March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM.

According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)

Russia needs no coal from occupied Donbass

Deputy economy minister Sergey Nazarov declared that Russia needed no coal from the Donetsk and Lugansk regions, occupied by the militants. “Each month we supply some 1 million tons of coal to Ukraine. But we only deliver coking coal, not power-generating coal”, he added. Nazarov also noted that there were no coal deliveries from the…

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Kazakhstan: Kazzinc to invest 1.2 billion tenge in Zhairem settlement development

Kazzinc, JSC Zhairem Mining and Processing Integrated Works and administration of Karaganda region have signed a memorandum of mutual cooperation for 2017. In order to settle the key problems outlined by the president in the country’s program documents, Kazzinc has allocated 1,265,076,000 tenge for the implementation of social projects in Zhairem urban-type settlement of Karaganda…

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Kyrgyzstan: only one company exporting gold ore

Only one company – Vertex Gold – exports gold ore from Kyrgyzstan, Head of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliyev stated at the meeting of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament of Kyrgyzstan. According to him, the export of ore issue…

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Ukraine: Metinvest pays $9 million premiums for support of Eurobond restructuring

Metinvest mining and metallurgical group on April 24, paid bonuses for supporting Eurobond restructuring, the group said on the website of the Irish Stock Exchange (ISE). The press service of Metinvest reported that the amount of payment was about $9 million. In late May 2016, Metinvest and the creditors’ committee agreed Eurobond restructuring and PXF…

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Russia: EEC launches new antidumping investigation of Chinese pipes

The Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has launched a second antidumping investigation of imports of cold-rolled stainless seamless pipes from China, the commission said in a statement. The investigation was launched on request from Chelyabinsk Pipe Works (ChelPipe), Pervouralsk New Pipe Plant, and TMK-INOX, a subsidiary of…

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Ukraine: coal output down in Q1 2017

In January-March Ukraine mined 6.7 million tons of coal, down by 11.3% YoY. According to the State Statistics Service, in March coal output dropped by 17.7% YoY, to 2 million tons. In January-February coal output increased by 11.3% YoY, or by 750.8 thousand tons, to 7367.9 thousand tons. Coking coal output dropped by 24.2%, or…

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