PJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…Details
The state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…Details
Last year Kazakhstan increased ferrous metals output by 37.8% YoY, to 1.55 trillion tenge. Karaganda region (42.3%), Pavlodar region (31.5%) and Aktyubinsk region (19.1%) accounted for the most part of the output. Flat rolled metal output grew by 2.2% YoY, ferroalloys – by 7.2%, raw steel – by 9.4%, alloyed steel rods – by 26.2%,…Details
In 2017 Kazakhstan mined 242.7 billion tenge worth of iron ore, up by 25.9% YoY. Kostanay region accounted for over 88% of the total volume (214.4 billion tenge, up by 23.4%), Karaganda region – 10.3% and Akmola region – 1.1%. ArcelorMittal Temirtau (Orken LLC) operates in the main “iron ore” regions – it is the…Details
Far Eastern Natural Resources LLC (FENR), a daughter company of the Indian power group Tata Power, has won the auction to develop the Krutogorovskoye deposits of coal in Kamchatka. The company offered the highest price – 264.88 million rubles. The deposit was discovered in 1934. Its reserves are estimated at 300 million tons of coal.…Details
This year Vysochaishiy (a part of GV Gold) intends to reach gold output of 300 thousand ounces (9 tons). According to GV Gold chairman Sergey Dokuchaev, Taryn GOK in the Republic of Sakha and Ugakhan GOK in the Irkutsk region will contribute the most to this growth. Taryn GOK was put into operation in September…Details
In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons.
According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)
The management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…Details
Rosterminalugol, the largest dedicated coal terminal in the European part of Russia with state-of-the-art coal handling technology (a part of coal holding Port Management Company) celebrated yet another coal transshipment milestone. Since 2003 the terminal has exported 150 million tons of coal, the terminal operator said in a press release. The 150-millionth ton was loaded…Details
Dzholdoshbek Dzhunushev was appointed General Director of the State Enterprise Kyrgyzkomur, press service of the State Committee for Industry, Energy and Subsoil Use reported. According to its information, the new head was introduced to the staff by the Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Ulanbek Ryskulov…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…Details
The Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…Details
Karelsky Okatysh has started modernizing its drum pelletizers. The rubber lining is glued to the inside of the pelletizers to protect the surface from vibration and concentrate pickup. “This will allow us increasing the maximum capacity of the pelletizing lines and retaining qualitative parameters of pellets”, the company noted. 3 drum pelletizers have been modernized…Details
Electrozinc has commissioned the new gas blower in the compressor department of the sulfur acid shop.
The machinery valued at almost 500 thousand euro was put into operation by the supplier – Piller, Germany.
The gas blower was assembled in September 2017 to replace the outdated blower, which had been operating since 1981. (Ukrainian metal)
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…Details
Zonoville Investments Limited, a consortium comprising multi-industry holding Renova Group of the businessman Viktor Vekselberg and Access Industries of Leonard Blavatnik, intends to acquire a 6% stake in Russian aluminum giant UC RUSAL from Onexim Group of tycoon Mikhail Prokhorov. After the deal in closed, Zonoville and its associate Sual Partners Limited will jointly control…Details
The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…Details
In January Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 8.7% YoY and amounted to 5,978 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the production of raw silver and semi-processed silver, or in powder form, was equal to 59,644…Details
The state mines in Donbas have received 365 million UAH transferred to partially clear salary debts.
Vice-prime-minister Vladimir Kistion thanked the ministries involved for quick solving of the problem.
Still, miners are striking at all the four mines of the state enterprise Selidovugol. They demand clearing their January salary debt. (Ukrainian metal)
A new shop to produce metal wares valued at 3.2 billion rubles will be created in the Abinsk district of Krasnoyarsk region. The shop will produce some 200 thousand tons of wire and rebars and will provide 400 jobs. “Output-wise Abinsky Electrometallurgical Works is already among the global leaders, and its products are well known…Details
Within the Industrialization map the South-Kazakhstan region will carry out 20 projects valued at 40 billion tenge. As the result, some 1500 jobs will be created, and the volume of industrial output will reach 920 billion tenge. In particular, according to the region governor Zhanseit Tuymebayev, a metal works will be constructed. Investments will total…Details
KAZ Minerals is pondering the acquisition of the Baimskoye copper-gold deposits in Russia from Roman Abramovich. The Baimskoye reserves are estimated at 9.6 million tons of copper with average contents of 0.43% and 16.5 million ounces of gold (0.23 g per ton). Investments in the deposit could reach $1.8 billion. The project envisages the construction…Details
In January KMZ shipped 2 railroad cars (120 tons) of ferromanganese to Mongolia.
The shipping of 2 more cars to Darkhan Metallurgia Ltd is planned for February.
Following the successful negotiations with Divatsogt, KMZ will supply ferromanganese to Mongolia on constant basis. (Ukrainian metal)
Polymetal International plc has concluded an agreement on increasing its share in the Prognoz silver deposits to 50% by acquiring 45% for $72 million to be paid in Polymetal shares. Prognoz is the largest undeveloped deposit of primary silver in Eurasia. Its resources are estimated at 292 million ounces of silver with the content of…Details
Evraz and the Russia Railways have concluded a new long-term agreement on the delivery of rails. The document will be valid for 5 years. According to the agreement, Evraz will supply 3.2 million tons of products valued at 111.7 billion rubles to RZhD. The contract stipulates the gradual increase of 100-meter rails deliveries to 360…Details
Ukrvtorchermet has applied for debt restructuring procedure.
The volume of the debt is not disclosed.
Ukrvtorchermet procures and processes ferrous metals scrap and waste.
Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)