In 2017 Vysochaishy (GV Gold) intends to sell 5 tons of gold to Lanta-Bank. According to the company statement, it has concluded 2 agreements with the bank to sell 4.32 tons and 680 kg of gold ingots (99.99). The gold has to be delivered by December 31. The deal is evaluated at 11.4 billion rubles.…Details
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In 2017 Asha Iron and Steel Works will go on with its program to modernize its industrial capacities. In particular, the company plans to start producing a new type of rolled metal and complete the construction of the steel thermal treatment furnace, which began in December 2016. “Our other goal is to get the loan…Details
Within the antidumping investigations the European Commission has started registering hot-rolled steel from Russia and Brazil. The suppliers could be hit with retroactive duties of 20-50%. The final decision will be made in October. The registration procedure is explained by the imports from the countries under question having grown since the investigation started, and only…Details
Firefighters have extinguished the fire at one of Kvazar’s shops. The fire started, most probably, because of the explosion in the furnace to grow silicon micro crystals. Two employees received burns. (Ukrainian metal)Details
As of January 12, Ukrainian mining and metal companies are holding 38 cargo trains (2092 cars). “The cars are being held because the companies are unable to unload or load them”, Ukrzaliznytsia press-service reported. “In the first 10 days of January Ukrzaliznytsia supplied 47.8 thousand railroad cars for iron ore raw materials, while the companies…Details
In 2016 miners of the Amur region yielded over 3.4 million tons of energy-generating coal, up by 100 thousand tons YoY. Amur coal is mined at Yerkovetsky and Severo-Vostochny open-pit mines and is supplied to Blagoveschensk thermal power plant, Raichikhinsk state district power plant and a number of housing enterprises. It was in Amur region…Details
In 2016 miners of the Stepnoy open-pit mine, a part of Russky Ugol (Russian Coal), yielded over 4.2 million tons of coal, up by 4% YoY. Last year the processing factory at Stepnoy processed 3.4 million tons of coal. In 2017 the factory will be reconstructed to increase capacity. (Ukrainian metal)Details
The commission of public hearings recommends the mayor of Ryazan to approve of changing the green zone to the industrial zone for the construction of the sheet-rolling shop. The public hearings on the issue were held on December 27, 2016. They were initiated by Ryazan Pipe Works. According to the company representative, the territory under…Details
In 2016 Zaporozhogneupor increased its output of unmolded refractories by 27% YoY, to 7601 tons, including 2087 tons of refractory concretes and 5514 tons of insulating and slag-generating mixes. “The Zaporozhogneupor strategy aimed at the increase of unmolded refractories output became the drive of the company development. Our plans for 2017 include the increase of…Details
The minister of energy and coal industry Igor Nasalik acknowledged that the so-called Rotterdam+ formula didn’t resolve the issue of the energy-generating coal deliveries. Earlier energy expert Andrei Gerus said that the formula didn’t live to its expectations. “Deliveries from LDPR haven’t ceased, we are still dependent on them. The heating season is again under…Details
On January 10, the state enterprise Vostochny Mining and Processing Works announced the trading house Eco-Service the winner of the tender to supply 63.98 million UAH worth of sulfur. By October the company will have supplied 16 thousand tons of 99.98% granulated sulfur at 3999 UAH per ton. In March 2016 the works bought this…Details
On January 11, the town of Avdiivka was again shelled; one of the two remaining electricity lines was damaged. According to Avdiivka Coke and Chemical Works CEO Musa Magomedov, the company halted on December 8, 2016. The next day the works started receiving electricity from 2 lines. (Ukrainian metal)Details
Debts of the bankrupt Zlatoust Iron and Steel Works are being sold with a record-high discount. The right to demand debts of Metallurg-Resurs to ZMZ valued at 1069 million rubles is offered for 690 thousand rubles. Another lot valued at 120 thousand tons is for the right to demand debts at 152 million rubles. Metallurg-Resurs…Details