Olenegorsk Mining and Processing Works, a part of Severstal, intends to spend 60 million rubles in 2017 on environment measures, up almost 2-fold YoY. “Our priority is to decrease the impact on air and water. Most of the money will be spent on those projects”, the acting CEO Alexei Scherbakov said. The largest environment project…
DetailsThe prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…
DetailsThe first deputy Prime Minister Askar Mamin suggests increasing coal exports to China. “China has increased its coal imports to 200 million tons. We have to see if we can increase our exports there. This is a large market. We have to see if we can supply from bordering regions”, he said. The prime minister…
DetailsThe Belarus Universal Commodity Exchange (BUCE) has concluded the largest deal in its history – the purchase of 120 thousand tons of coal at the price of $8.64 million. 9 sellers and 4 buyers participated in the trade, and as the result of just one trade section the company was able to cover half of…
DetailsIn 2016 Ukraine exported 39.2 million tons of iron ore raw materials, down by 6.5 million tons YoY. “Iron ore raw materials exports in December 2016 dropped by 22 thousand tons, to 3223 thousand tons”, the state enterprise Ukrpromvneshexpertisa expert Dmitry Zheltyakov said. Last year Japan increased imports by 535 thousand tons YoY, Serbia –…
DetailsThe state enterprise Selidovugol has ordered Trialtrade LLC the delivery of helmet lamps valued at 4.98 million UAH. This year the company has to supply 2.5 thousand explosion-proof lamps at 1990 UAH apiece. In May 2016 Selidovugol purchased the same lamps from another supplier at 1080 UAH apiece. (Ukrainian metal)
DetailsThe gold-processing works of Kyrgyzaltyn received 132.5 million soms of net profit in 2016, up by 84.1 million soms YoY. In 2012-2015 the average profit of the works was around 80 million soms. Output at the works increased last year by 25.4% YoY. (Ukrainian metal)
DetailsIn January-November 2016 Russia imported 4.04 million tons of rolled steel and pipes valued at $3120 million, down by 5.5% and by 4.8% YoY respectively. Ukraine remains the largest supplier (almost one third of total imports). Still its exports dropped by 9.5% YoY. Kazakhstan came second (21.6%), having increased its deliveries by 14.6% YoY, followed…
DetailsMMK Group’s total crude steel output in 2016 reached 12,544 thousand tons, up by 2.5% YoY. Overall steelmaking capacity utilization at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015). MMK Group’s total finished steel product shipments in 2016 (excluding intra-group sales) amounted to 11,570 thousand tons, up…
DetailsIn 2016 refined gold production at Nord Gold totaled 868.8 thousand gold equivalent ounces, in line with the full year production guidance range of 840-880 thousand ounces. Doré production was 870.4 thousand ounces, down by 6% YoY (924.1 thousand ounces), mainly due to the discontinuation of production at Aprelkovo, and limited access in H2 2016…
DetailsPrices of industrial manufacturers in December 2016 increased by 0.6%, according to Rosstat. In 2016 prices went up by 7.4% YoY. Metal companies demonstrated the highest increase in prices – by 3.6% in December, or by 18.1% in 2016. (Ukrainian metal)
DetailsIn 2016 the Cherepovets Iron and Steel Works carried out around 140 capital repairs of machinery. Investments into the project totaled 17 billion rubles. According to Severstal Russian steel repairs division director Sergey Dobrodey, the program presupposed basic repairs, as well as energy efficiency, safety and product quality improvement. 4 blast furnaces, 2 sintering machines,…
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