Novosibirsk Refining Works (NAZ) has been sold at an auction for 880 million rubles. The winner of the auction was the Center of real estate management, which bought 100% of the state shares at the initial price. “NAZ is underloaded and needs modernization. We are sure that the new owner will be able to solve…Details
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In January-May Ukraine exported 368.84 thousand tons of ferroalloys valued at $430.828 million, up by 4% and by 57.2% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (25.87%), Italy (14.42%) and the Netherlands (10.04%). In 5 months Ukraine imported 24.447 thousand tons of ferroalloys valued at $53.017 million, up 2.1-fold…Details
In January-May Ukraine exported 15.722 million tons of iron ore raw materials valued at $1.166 billion, down by 10.9% and up by 72.7% YoY respectively. According to the State Fiscal Service, the main importers were China (28.65%), the Czech Republic (10.71%) and Poland (10.67%). In 5 months Ukraine imported 201.825 thousand tons of iron ore…Details
The board of directors of the Russian metals and mining group Mechel has recommended paying no dividends on common shares and 10.28 rubles per preferred share, or a total of 1.426 billion rubles, in dividends for 2016, the company said in a statement on June 8. The record date for the dividends is July 11.…Details
In January-May Ukraine decreased imports of hot-briquetted iron from Russia by 97.8% YoY, to 980 tons. HBI is the scrap substitute in metal making. According to the customs statistics of the State Fiscal Service, in money terms imports dropped by 96.1%, to $262 thousand. All the imports came from Russia. (Ukrainian metal)Details
Zaporizhstal has increased wages of its employees by 20% since June 1. According to the company statement, its wages are among the highest in the Ukrainian mining and metal industry. Within the program of improving working conditions Zaporizhstal will invest some 4 million UAH in installing climate control systems all over the place. (Ukrainian metal)Details
Separatists from the so-called Donetsk and Lugansk People’s Republics are trying to sell coal from DTEK mines at half-price. “We’re negotiating with our prospective customers who could buy our coal – Turkey, Spain. We consider it our coal, but stolen. When we left there were some 450 thousand tons of coal at Sverdlovantrazit and Rovenkiantrazit”,…Details
Chepets Mechanical Works, a part of TVEL, has started producing large ingots of heat-resistant alloys on the basis of VIT-1 and VTI-4 titanium intermetallides. The company can now produce large ingots with the diameter of 450 mm and the weight of 1480 kg for aviation industry. In 5 years ChMZ started producing ingots and semi-finished…Details
Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate. In May the works produced 125 thousand tons. The company management expects it to reach its target capacity in summer. (Ukrainian metal)Details
In January-May Kamensk-Uralsky Iron and Steel Works produced 47 thousand tons of aluminum, up by 4 thousand tons YoY. At present the company is constructing a new rolling complex, which produced 2 thousand tons of aluminum in May. This year will see the construction of the second stage of the hot-rolling mill. The first products…Details
Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…Details
Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial director Dmitry Spatar, the situation when Ukrzaliznytsia is not renewing trains threatens the transportation process. Companies can invest in trains in case…Details
The Ministry of energy and coal industry reports that in April the prime cost of coal at state mines increased by 13.8% MoM, or by 384.1 UAH per ton, to 3159.67 UAH per ton. The prime cost of coal is 45.7%, or 1443.17 UAH per ton, more than its average sale price (1716.5 UAH per…Details