In January-October output of refined copper dropped by 0.7% YoY. According to the Federal Service of State Statistics, copper foil output dropped by 13.7%, of wire – by 17%, while that of plates, sheets, strips and bars went up by 5.5%, of rods and sections – by 19.6%, all YoY. (Ukrainian metal)Details
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The government will provide guarantees for 1 billion UAH to finance mines. This will allow clearing salary debts to miners, amounting to 100 million UAH. Some money will be given to the development of mines. For example, Lisichanskugol has drafted a development program, envisaging financing of two mines. In the nearest future 350 million UAH…Details
The mine named after Stashkov has put a new face into operation. Its reserves are estimated at 460 thousand tons of coal. The average daily output is expected at 2 thousand tons. Miners have enough work until August 2017. DTEK investments into the capital repair of equipment and the long face development exceeded 21.3 million…Details
In January-September Kazakhstan exported 51.6 thousand tons of steel pipes to Russia, up by 90% YoY, and by 41% compared with the total 2015 volume. Kazakhstan occupies the second position in Russia’s imports after China. 96% of the pipes exported to Russia are up to 406.4 mm diameter pipes for oil and gas pipelines, as…Details
In January-October Central Mining and Processing Works, a part of Metinvest, produced 1.983 million tons of pellets, on the 2015 level. According to a company representative, iron ore concentrate output dropped by 15.2% YoY, to 4.389 million tons. In October CGOK produced 209 thousand tons of pellets and 407 thousand tons of concentrate. In 2015…Details
In January 2017 the hot-rolling mill-2000 at Magnitogorsk Iron and Steel Works will be halted for capital repairs for 9 days. At present the preliminary works are being carried out at the mill. The overhaul will increase capacity by 150 thousand tons of metal per year. The works will be carried out by the specialists…Details
Izhstal, a part of Mechel, has received the certificate of quality correspondence from one of the major aviation machinery producers in Russia – Aviastar-SP. Izhstal supplies commercial steel to Aviastar-SP: cold-drawn, calibrated, structural and structural nickel-containing steel. The certificate is valid for 3 years. (Ukrainian metal)Details
In January-September Russia exported 160 thousand tons of transformer steel valued at $227 million, down by 14% and by 22.5% YoY respectively. These are the lowest results in 3 years. Some 22% was exported to India, down by 2% YoY. Turkey occupies the second position with 19%, down by 30% YoY, while last year it…Details
The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19. The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)Details
The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…Details
Russian uncut diamond mining giant Alrosa and metals holding Norilsk Nickel have asked the natural resources minister to simplify the procedures needed to expand licensed fields. The licenses for the older deposits of the companies were given in the Soviet times or the early 1990s, when the depth and the area of drilling were severely…Details
Russia’s United Metallurgical Company (OMK) is seeking to sell or send to Russia the capacities of the Texas-based subsidiary OMK Tube and is in talks with South Korea’s SeAH Steel as a potential investor. The negotiations are not exclusive but other contenders for the asset have not been disclosed. OMK bought Tubular Solutions, a firm…Details