The minister of energy and coal industry Igor Nasalik plans to increase uranium mining by attracting private investments and foreign companies into the industry. This will make Ukraine more energy-independent. Westinghouse and some other companies are interested in mining Ukrainian uranium, according to the minister. At present Ukraine provides its NPPs with only 30-35% of…Details
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For the past 6 years electricity debts of Tajikistan Aluminum Company valued at 261.6 million somoni have been written off. Even though the company receives electricity at low tariffs. Because of the untimely payment for electricity in H1 TALCO’s debts reached 468.4 million somoni. The company consumes some 30% of Tajikistan-produced electricity every year. In…Details
Ukraine should have a strong position in the issue of its own uranium mining. Taking into account the strong place of Russia in the industry and its friendship with Kazakhstan, all the matters of cooperation with Kazakh companies should be thought over. According to the Ministry of energy and coal industry strategic planning and European…Details
In January-September Stoylensky Mining and Processing Works (a part of NLMK) produced 11.79 million tons of iron ore concentrate, up by 5.1% YoY. This was the result of high-pressure roll presses assembly in two sections of the factory. SGOK also produced 1.18 million tons of sinter ore. The works sold over 13 million tons of…Details
In Q3 Severstal received $429 million of net profits, without non-monetary factors net profits totaled $449 million. In January-September Severstal’s net profits almost doubled to 1.3 billion rubles. EBITDA increased in Q3 by 11% QoQ, to $584 million. Revenues in Q3 dropped by 0.5% to $1.58 billion. In January-September revenues decreased by 14.7% YoY, to…Details
Moldova Iron and Steel Works has resumed steel smelting. According to the technical director Oleg Kucherenko, this month the company plans to produce 12 thousand tons of billets. “We have received enough scrap”, he added. The Tiraspol works has been idle since August. The MMZ management has signed an agreement with scrap suppliers and now…Details
Severstal has increased purchases from small and medium-sized companies of Vologda region by over 1 billion rubles YoY. In January-September Severstal bought 8.7 billion rubles worth of goods and services, up by 17% YoY. “We’re actively cooperating with suppliers from Vologda region, who can provide good quality of equipment and materials on the level of…Details
In January-September ferrous metals throughput in the Novorossiysk Sea Trade Port reached 10.03 million tons, up by 12.2% YoY. Iron ore raw materials throughput increased by 40.2%, to 2.14 million tons. Non-ferrous metals throughput dropped by 4.8% YoY, to 0.81 million tons. (Ukrainian metal)Details
Russian tycoon Viktor Vekselberg expects that acquisition of a stake in aluminum giant UC RUSAL from Mikhail Prokhorov’s Onexim Group will be closed soon. At present, Sual Partners, controlled by Vekselberg and partners, holds 15.8% in RUSAL, while Onexim owns 17%, and businessman Oleg Deripaska’s En+ Group has 48.13%. “I hope it will be closed…Details
In January-September Donetsk region (without the Antiterrorist operation zone) increased industrial output by 5.9% YoY. In September output decreased by 6.2% MoM and by 1.4% YoY. Metal wares production went up by 7.1%, coke – by 22.5% and mining – by 8.7%. In September coke output dropped by 1.7% MoM, metal wares – by 3.1%,…Details
In October Makeevugol mined 97.9% of the plan. It still needs to mine 1080 tons this month. According to the company statement, Kholodnaya Balka mined 117.5% of the plan, Kalinovskaya-Vostochnaya – 100.8%, named after Kirov – 100%, Yasinovatskaya-Glubokaya – 76.2%, Severnaya – 84.9%. (Ukrainian metal)Details
In January-September TALKO produced 103 thousand tons of aluminum, up by 3.1% YoY. In H1 primary aluminum output production increased by 13.5% YoY. Only some 5.4 thousand tons of Tajik aluminum has been processed locally this year. TALKO plans to decrease output this year from 158 thousand tons to 150 thousand tons because of the…Details