The government of the Republic of Bashkortostan and the Bashkirskaya Med have signed an agreement on state support of the mine construction at the Yubileynoye deposits. The construction has been included into the list of priority investment objects of the republic. The government will grant tax preferences, while the company will invest 40.4 billion rubles…Details
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In January-September Bauxite Timana (a part of Rusal) mined 2.39 million tons of bauxites, up by 4.9% YoY. In Q3 the company mined 911 thousand tons, up by 13.6% QoQ. (Ukrainian metal)Details
In January-September Rusal received $534 million of net profits, down by 35.3% YoY. Rusal’s revenues dropped by 12.7% YoY, to $5.95 billion. EBITDA went down by 37% YoY, to $1.07 billion. Sales increased by 4.9% YoY, to 2.89 million tons. (Ukrainian metal)Details
In 2016-2017 Vostochny Mining and Processing Works intends to keep the last year levels of uranium concentrate output – 1 thousand tons. “We don’t have decreases in output, nor, unfortunately, increases. We’re keeping it flat and the expected volumes this year are around 1 thousand tons”, the company CEO Alexander Sorokin said. An increase in…Details
Kharkiv Works of Materials-Handling Equipment has supplied a claw crane to ArcelorMittal Kriviy Rih warehouse. According to the company, the crane lifting capacity is 16 tons. “Such a crane is a very expensive machinery, but it is necessary to ensure timely delivery of metal”, AMKR reconstruction and development department deputy director Sergey Nevroda said. (Ukrainian…Details
In October Zaporozhogneupor increased molded refractories output by 20% YoY and non-molded – by 37%. According to the company statement, chamotte wares production went up by 10%, that of magnesia wares – by 16%, of high-aluminous wares – by 117% and of refractory concretes and masses – by 90%. In particular, in October Zaporozhogneupor produced…Details
Ukrzaliznytsia has finished reconstruction of the railroad route Kamysh-Zarya – Volnovakha. Now 23 pairs of cargo trains and 4 passenger trains will use it every day. This will allow Mariupol metal companies to increase output. According to Metinvest, Ukraine was losing some $1 billion of revenues per year because of the damaged railroad infrastructure. (Ukrainian…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 507 507 September 507 507 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
According to recently released data by the Russian Trade Statistics, pig iron exports by Russia during the month of July this year dropped significantly when compared with the exports during same month a year before. Also, the exports were down sharply when matched with the month before. Russia’s pig iron exports totaled 230,000 tons in…Details
Russian metals holding Metalloinvest plans to make an initial public offering (IPO) and is waiting for a good market environment, a spokesman for the company reported. “Metalloinvest is procedurally ready for the IPO in many respects and the degree of readiness will be even higher after the completion of the shareholder capital reorganization. The iron…Details
The key investment project of NLMK Group’s Strategy 2017 – the construction of a pelletizing plant at Stoilensky, – has been recognized as the 2016 Event of the Year in the Russian steel industry. Experts announced their findings at the Metal-Expo’2016 international exhibition. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, received the winner’s diploma…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 581 652 September 559 635 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company. The parties have not yet reached any agreement on the matter. The stake is estimated at about $3.3 billion. Earlier PGIL was…Details