The Individual Deposit Guarantee Fund will hold a second auction to sell the assets and land of the Ivano-Frankovsk Fittings Works. The starting price has been decreased by 8 million UAH. The assets, land, a sanatorium and a resort in the Carpathian Mountains have been loaned to the Brokbiznesbank. The debt of the works to…
DetailsThe State Committee on industry, energy and land believes that the ban to export precious metals ore stimulates mining companies to build gold-mining factories in Kyrgyzstan. The Ministry of economy wants to impose an export duty on precious metals ores. But according to the deputy minister Bakkeldi Tyumenbayev, when the country entered the Eurasian Economic…
DetailsIn January ferrous scrap deliveries via railroad to Russian metal and pipe works totaled 0.73 million tons, down by 30.8% MoM. At the same time deliveries increased by 55.4% YoY, to the maximum for the last 7 years. (Ukrainian metal)
DetailsIn 2016 Zaporozhye Iron Ore Complex produced 4512.2 thousand tons of ore, down by 4.03% YoY, or by 189.3 thousand tons. According to the company statement, in 2016 it shipped 4494.5 thousand tons of iron ore raw materials. Investment project in 2017 will reach 800 million UAH. In 2015 ZZhRK received 232.085 million UAH of…
DetailsIn January Ukrainian mining companies exported 2.542 million tons of iron ore raw materials (IORM) valued at $189.171 million, down by 28.1% but up by 76.3% YoY respectively. According to the State Fiscal Service, China was the largest importer of IORM (18.74%), followed by Poland (13.39%) and Austria (12.72%). IORM imports in January totaled 72.299…
DetailsIn 2016 Olenegorsk Mining and Processing Works, a part of Severstal produced 4.1 million tons of concentrate and shipped it to the Cherepovets Iron and Steel Works. “For the first time in our history we were able to considerably improve the quality of our products. In particular we have increased the Fe contents in the…
DetailsIn 2016 Russia produced 10.065 million tons of pipes, down by 11.5% YoY. According to the Federal Service of State Statistics, seamless pipes output dropped by 2.6% YoY, to 3.327 million tons, small and medium-diameter electric-welded pipes – by 3.6%, to 3.658 million tons, LDP – by 27.2%, to 2857 million tons. All other welded…
DetailsRusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…
DetailsThe prosecutors suspect the managers of the state enterprise Selidovugol and Techprom LLC in the abuse of office that could have lead to the purchase of used and broken machinery and equipment. Selidovugol ordered Techprom the delivery of 17 mechanical fasteners valued at 1.99 million UAH for Kurakhovskaya mine in 2016. In late 2016 Techprom…
DetailsThe key Ukrainian pipe enterprises cut ferrous pipe production by 0.5% in 2016, to 848,000 tons. A total of 67,000 tons was made in December 2016. The Ukrtruboprom association reported that the association’s enterprises cut pipe output by 10% in 2016, to 552,300 tons, making 44,700 tons in December 2016 alone. Ukrtruboprom said that Khartsyzsk…
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