In 2016 thermal power plants and steam power plants increased coal consumption by 9.4% YoY, or by 2.7 million tons, to 31.338 million tons. According to the Ministry of energy and coal industry, in December 2016 coal consumption increased by 22.3% YoY, or by 575.1 thousand tons, to 3.151 million tons. In 2015 TPPs and…Details
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S&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…Details
In 2017 Seligdar intends to produce over 830 tons of tin, up 1.5 times YoY. “In 2016 we mined 618 tons of tin, up by 7% YoY. In autumn 2016 we put the Solnechnaya processing factory into operation, which would allow us to increase output 1.5 times. We have also started the reconstruction of the…Details
Investments into the Jerui project will reach 32.6 billion soms in 20 years. In May 2015 the Russian Vostok-geoldobycha won the tender to develop the deposits. In early 2016 the Kyrgyz government said the construction of the gold-mining factory would start in autumn. But the year has passed, and the company was still discussing the…Details
In January the Makmalzoloto mine yielded 27 kg of gold. According to Kyrgyzaltyn information, this is up by 4.7% from the target. The increase is explained by the partial replacement of machinery at Makmalzoloto. At present the mine has over 1 thousand employees. Makmalzoloto is the largest asset of Kyrgyzaltyn. The deposits grew low 10…Details
The State Property Fund of Ukraine plans to put the 68.0095% stake of Zaporozhye Aluminum Works up for an auction in September. The privatization of the company will be carried out on the competition basis with open offers. The decision to return 68% of ZALK to the state was taken in May 2011 by the…Details
In January Ukraine produced 2.1 million tons of steel, up by 9% YoY. According to Ukrmetallurgprom, rolled metal output increased by 10%, to 1.86 million tons, of pig iron – remained on January 2016 level – 1.91 million tons. Coke production dropped by 7%, to 1 million tons. In 2016 Ukraine produced 24.2 million tons…Details
Avdiivka Coke and Chemical Works is preparing to put its second furnace into operation. As of early February 7, water supplies were stable in the town of Avdiivka. At the same time, the works still uses only one electricity line out of four. (Ukrainian metal)Details
In January Ukraine increased pig iron exports by 50.6% YoY, to 241 thousand tons, valued at $68.4 million, up 2.6 times YoY. According to the State Fiscal Service, pig iron was mostly exported to the US (58.8%), Turkey (19.3%) and Mexico (10.3%). At the same time, in January Ukraine imported 140 tons of pig iron…Details
In January Ukraine exported 10.106 thousand tons of ferrous scrap, up 6.6 times YoY, but down MoM, as in December 2016 it exported 20.485 thousand tons. According to the State Fiscal Service, the exports increased 6.2 times, to $2.097 million. Imports in January went up 4.3 times YoY, to 1.882 thousand tons. Turkey (92.3% and…Details
In January Yuzhniy Mining and Processing Works produced 1.047 million tons of iron ore concentrate, up by 12.9% YoY. According to the company statement, sinter output went up by 37.8% YoY, to 203.9 thousand tons. In 2016 UGOK produced 11282.3 thousand tons of concentrate and 2085.09 thousand tons of sinter. (Ukrainian metal)Details
In 2017 UMMC investments into the capital construction of the Gaysky Mining and Processing Works will reach 2.3 billion rubles (on the last year level). “The major part (1,7 billion rubles) will be spent on the development of the underground mine, which will enable us to yield 7.5 million tons of ore”, the GGOK reconstruction…Details
The Aluminum Association has initiated the organization of the large-scale long section manufacture of aluminum alloys at Russian enterprises. The issue was discussed during the meeting of the association with the leading local aluminum manufacturers and consumers. “Russia does not produce large-scale long sections of aluminum alloys at present and has to import them. The…Details