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In 2016 enterprises of the Yuzhuralzoloto Mining Company yielded 15 tons of gold, up by 9.5% YoY. Svetlinsky Mining and Processing Works mined 8 million tons of ore and plans to mine as much this year. Bereznyakovsky Mining and Processing Works is expected to mine 1 million tons of ore in 2017. In 2018 UGK…
DetailsAccording to the ruling of the court Titanium Investments, the company of Dmitry Firtash representing Crimean Titanium Works in Russia, had to pay 18 million rubles of the environment tax. According to the prosecutor’s office of the Russia-occupied Crimea, the Armyansk town prosecutors found out the company hadn’t paid 49 million rubles to the budget…
DetailsIn 2016 Magnitogorsk Iron and Steel Works 2000 hot-rolled mill produced 5948 thousand tons of hot-rolled metal, which is an annual record in the whole history of the mill operation. Records have been marked for the third year in a row. In 2014 the mill produced 5930 thousand tons, in 2015 – 5935 thousand tons.…
DetailsIn 2016 SUEK enterprises mined 105.4 million tons of coal, up by 8% YoY. Sales increased by 2% YoY, to 103.1 million tons. Russian consumers received 51.2 million tons of coal, with 39.5 million tons supplied to power companies. Decrease of supplies to the local market totaled 6% due to the drop in coal consumption…
DetailsSeverstal has announced that its subsidiary, Severstal-Metiz, Severstal’s international metal ware manufacturer, has entered into a definitive agreement with Teufelberger Wirerope, a leading international metal wire ropes producer based in Austria, for the sale of Severstal’s subsidiary company Redaelli Tecna (Redaelli Tecna, part of Severstal-Metiz). Redaelli Tecna is based in Italy and is a global…
DetailsRusal is pondering the options of selling 2 of its Sverdlov region companies. In particular, these are Kremniy-Ural in Kamensk-Uralsky and Polevsky Cryolite Works, that was stopped in 2013. According to Rusal, it has improved techniques at its silicon works the products of which are used in aluminum alloys manufacture, in order not to buy…
DetailsEnergomashspetsstal has concluded an agreement with Evraz NTMK to supply work rolls for 1300 hot-rolling mills. According to the contract, EMSS will produce 12 rolls with the total weight of 570 tons for NTMK. The weight of each roll ranges from 40.6 to 61 tons. The company will completely treat the rolls and deliver them…
DetailsYakutia needs 4.5 billion rubles to start mining tin in the Arctic. The mining should start in 2018. The region houses 37% of all prospected tin reserves in the country (630 thousands tons), with Russia mining just 10% (around 500 tons per year), and importing 90%. The main tin suppliers are China, Bolivia and Portugal.…
DetailsSeverstal Distribution has opened a new metal warehouse north of Moscow in the town of Lobna. The first shipments from the warehouse occurred in December 2016. “We have opened the second warehouse in the Moscow region, as our sales there are growing”, the company said. The new site comprises of the closed premises (800 square…
DetailsIn 2016 exporters of steel pipes, in particular Russia, Austria and Poland, used 87% of their quota. Russia used 100% of its quota having supplied 14 thousand tons of pipes to Ukraine. Austria supplied 2.7 thousand tons of pipes, or 95% of the quota, while Poland used only 34% of the quota and delivered 442…
DetailsArcelorMittal Kriviy Rih gradually replaces natural gas with bio-fuel when producing lime, a raw material used in making pig iron and steel. The refractory-lime shop has always been one of the largest gas consumers at the works. In addition to gas burners at rotating furnaces No. 4 and 5 the company has assembled bio-fuel burners…
DetailsChelyabinsk Pipe Plant (ChelPipe) has announced early payment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016. The new loans have been acquired on more favorable terms, which helped the company cut its…
DetailsIn 2016, Zaporizhstal paid a record UAH 3.2 billion in taxes (up by 28% YoY) to the national budget of Ukraine. In 2015, the company paid UAH 2.5 billion in taxes. Tax payments of Zaporizhstal to local budgets increased by 66% (by UAH 255 million), to UAH 640 million in 2016 against UAH 385 million…
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