Vostochny Mining and Processing Works has accepted the offer of the trading company Ingus for the delivery of 2900 kg of lubricating oils valued at 261.11 thousand UAH. 4 companies took part in the tender: Smart oil, Ingus, Agro-centr and Eco-service. Smart oil’s offer was the lowest – 210.93 thousand UAH, but it was rejected.…Details
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The Samarskaya mine of the DTEK Ternovskoye Mine Group has put a new long face (No. 184) into operation. The face length is 250 meters. It will be in operation until May 2017. Investments into the long face totaled 50 million UAH. By the year-end the miners plan to put another long face into operation.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 37 44 31 36 October 37 44 33 39 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Prosecutors of Dnepropetrovsk region have initiated criminal proceedings against Evraz Sukhaya Balka for illegal mining of iron ore at the Yubileynaya mine. According to the prosecutors, the company has been illegally mining ore without corresponding documents since September. Sources say, Evraz Sukhaya Balka was officially idle in September and October because of the absence of…Details
In January-September Russia produced 86637 tons of stainless steel, up by 3.3% YoY. Flat hot-rolled metal output went up by 6.7%, that of bars – by 47.5%, and of electric-welded pipes – by 19.1%, all YoY. At the same time cold-rolled flat metal output dropped by 13.5%, of round billets – by 41.2%, of wire…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max September 426 780 387 453 390 400 380 400 October 426 780 436 501 410 430 400 430…Details
Novolipetsk Iron and Steel Works could increase its capacities by 1-2 million tons per year. At present the Lipetsk site is capable of producing 16 million tons of steel each year. The program will be carried out in 2-3 years. The basic development plan doesn’t presuppose large investments, according to the company. (Ukrainian metal)Details
The independent primary union organization of ArcelorMittal Kriviy Rih reports multimillion thefts at the company involving AMKR employees. The organization sent a corresponding letter to the departments on human resources and security. According to the letter, the organization found out and prevented the theft of 200 tons of pig iron on November 27. They say,…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 442 685 343 420 October 456 685 366 434 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Companies of the businessman Musa Bazhayev suggest correcting the agreement on selling Amur Zoloto to Petropavlovsk and receiving 20% in Petropavlovsk instead of 30.3%. In April Petropavlovsk signed an agreement to buy Amur Zoloto for $144 million from Alliance Mining Group and Lexor Group, controlled by Bazhayev. According to the agreement, his companies had to…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 374 583 318 421 October 423 571 343 387 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In January-October industrial output in Armenia decreased by 6.2% YoY. In 2015 it saw a rise of 5.5%. According to the National Statistics Service, ferromolybdenum output reached 5262 tons, up by 11.4% YoY, with 648 tons produced in October, down by 9.7% MoM. Molybdenum production totaled 8885 tons, up by 1.1% YoY, with 915 tons…Details
The company’s Let’s Go major volunteer marathon ended with a large-scale environmental event in Moscow’s Losiny Ostrov National Park. Thousands of Nornickel employees under the Company of Good charity program took part in the environmental event. The key goal of environmental volunteers was to inculcate the company’s employees with care of the areas where they…Details