The board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…Details
The increased antidumping duties on railroad wheels made in Ukraine are in effect on the territory of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan) from April 5. Previously the duty was 4.75%, now it is 34.22%. The decision was made on February 28. The previous duty was set in 2016, but it…Details
In January-March Ukraine exported 9.487 million tons of iron ore raw materials valued at $700.842 million, up by 6.6% and by 4.5% YoY respectively. According to the State Fiscal Service, exports mostly went to Slovakia (15.81%), China (15.93%) and Poland (14.55%). At the same time Ukraine imported 9.006 thousand tons of iron ore raw materials…Details
In Q1 Ferrexpo produced 2.585 million tons of iron ore pellets, down by 1.5% YoY. According to the group statement, it produced 149.9 thousand tons of pellets of 62% iron contents ore and 2.435 million tons of 65% ore. Manufacture of pellets of its own ore dropped by 1.6%, to 2.571 million tons, while of…Details
DTEK Dobropolye Central Processing Factory has completed the second project on lighting system replacement. 130 LED-lamps have been installed at the conveyer site, with 3.5 km of cable replaced. The company intends to reach 85% of savings on lighting there. This will allow it saving some 500 thousand kW-h, or 840 thousand UAH per year.…Details
Teams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…Details
Ukraine’s Cabinet of Ministers has obliged state-owned coalmines, which have accumulated significant wage debts owed to coalminers, to funnel 70% of proceeds from coal sales into the repayment of the delayed wages. The relevant decision was made at a government meeting on April 4. “It is proposed to adopt a protocol decision, which stipulates that…Details
According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…Details
In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles.
Revenue exceeded 78.73 billion rubles, up by 37% YoY.
Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)
Neryungry-Metallik LLC, a part of Nordgold, in 2017 extracted 2.084 tons of gold (67 thousand ounces). Ore mining exceeded 5 million tons, while processing, taking into account stocks, – 6 million tons. Since last year the company has been mining ore at three deposits in Yakutia – Tabornoye (since 2002), Temnoye and Gross. In August…Details
Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons.
According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)
Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company.
The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters.
Investments in the project totaled 230 million rubles. (Ukrainian metal)
Andrey Chernomaz, director of the Abayskaya mine, has been appointed the director of the ArcelorMittal Temirtau coal department. He started working in his new office on April 2. Chernomaz’s tasks will be to reach output targets and improve the coal and coal concentrate quality, as well as increase the efficiency of labor safety, etc. Parshant…Details
The Basmanniy Court of Moscow has prolonged for 3 months the arrest of the Industrial Union of Donbass CEO Oleg Mkrtchan accused of embezzlement.
Mkrtchan will be under arrest until July 5.
The case against him is connected with embezzlement of funds given to ISD by Russian banks several years ago. (Ukrainian metal)
The Ministry of Energy and Coal Industry has increased the price of coal, mined by state enterprises, by 4.54%, or by 110 UAH, to 2535 UAH per ton (without VAT and transportation expenses) from April 2. The energy minister Igor Nasalik noted that coal witnessed the price increase from December 2017 through March 2018, and…Details
A decree No. 8226 has been registered in the Verkhovnaya Rada. According to one of the authors of the document, the chairman of the Parliament Committee on industrial policy Victor Galasyuk, the decree suggests prolonging the so-called metal law and increasing the export duty on scrap to 42 euro per ton. “This is equal to…Details
In 2017 Asha Iron and Steel Works received 387.3 million rubles of net loss as calculated under Russian Accounting Standards, as opposed to the net profit of 98.51 million rubles in 2016. In Q4 2017 AMZ received 759 million rubles of losses, as opposed to 19 million rubles of net profit in Q3. Revenue in…Details
Chelyabinsk Zinc Works plans to finish 2018 without losses, CEO Pavel Izbrekht declared on April 4. “Concerning profit of the plant in 2018, it is too early to say, everything depends on prices on the London Metal Exchange, but we plan to work without losses,” Izbrekht said. The plant’s net profit in 2017 amounted to…Details
The state enterprise Mirnogradugol has concluded an agreement with the Mirnogradskaya Central Processing Factory for the services of coal processing valued at 116.12 million UAH. The auction has been cancelled two times, as there has been only one participant. By April 2019 the company will have processed 800800 tons of coal at 145 UAH per…Details
The government of Mexico has announced the implementation of the antidumping duties on the import of carbon steel pipes from Ukraine, South Korea, Spain and India.
The investigation was carried out at the request of a local company and covered the trade operations from April 2013 through March 2016. (Ukrainian metal)
In 2017 Electrozinc received 197.7 million rubles of profits, down by 38% YoY. At the same time, in 2015 the company saw losses of 9 million rubles, and in 2014 – 895 million rubles. Last year the company revenue dropped by 7% YoY, to 4.91 billion rubles. Sales profits totaled 739 million rubles, down by…Details
In 2017 Ufaleinickel received 3.02 billion rubles of losses, down 3-fold YoY. In 2016 and 2015 the company losses totaled 11 billion and 2.3 billion rubles respectively. Ufaleinickel saw profit only in 2014 – 186 million rubles. Revenue in 2017 totaled 785 million rubles as opposed to 6.3 billion rubles in 2016. Sales losses last…Details
Lermontovsky Mining and Processing Works intends to resume operation on April 25, when the new machinery has been tested. Since the start of the year, the company has already shipped 51 tons of tungsten. Last year Lermontovsky GOK received a subsidy from the state (250 million rubles) to resume activities. The company purchased new machinery,…Details
In 10 years Sredneuralsky Copper Works has processed over a quarter (26%) of metal slag, accumulated during 78 years of operation. According to the SUMZ chief environment engineer Marina Sycheva, each year the processing factory produces over 60 thousand tons of copper concentrate, which the works uses in its manufacture. Another product of slag processing…Details
In 2017 Russian Copper Company enterprises paid over 3 billion rubles to the budget of the Chelyabinsk region, up by 50% YoY. Budgets of all levels received 5.6 billion rubles, up by 40% YoY. In 5 years the tax payments of RCC companies to the Chelyabinsk region budget increased 4-fold. Last year the enterprises invested…Details
The supervisory boards of Azovstal, Mariupol Ilyich Iron and Steel Works, Zaporozhogneupor and Zaporozhkoks, all parts of Metinvest, have extended the offices of their CEO – Enver Tskitishvili, Taras Shevchenko, Sergey Gorman and Vitaly Litovka respectively – for one more year. The decisions were taken on April 2. The offices have been prolonged from April…Details