The United Mining and Chemical Company will invest 36 million UAH in its Volnogorsk Iron and Steel Works. According to the company statement, in October VGMK completed the replacement of 2 km of slurry pipeline valued at 5.2 million UAH. The company intends to go on with the project. Investments have been estimated on the…
DetailsIn January-September the republic of Buryatia produced 266 tons of tungsten. The only tungsten manufacturer in the region is the Zakamensk company. Last year Zakamensk produced 569 tons of tungsten. In August the project of modernization of the processing machine with the capacity of 1 thousand tons of concentrate per year was approved. Investments since…
DetailsMetalloinvest and KAMAZ have signed a 3-year memorandum of cooperation in the sphere of high quality rolled metal (SBQ) deliveries. The metal will be produced at OEMK. According to the agreement KAMAZ has to place 80% of orders at OEMK. The price will be fixed each quarter. The parties will also discuss the creation of…
DetailsMetinvest-Resource LLC and Interpipe NTZ have won in two auctions on metal scrap sales held by Ukrzaliznytsia. In particular, Metinvest-Resource won the auction on the sale of 17.2 thousand tons of bulk scrap, having offered 109.871 million UAH, or 6387 UAH per ton. The starting price was 102.684 million UAH, or 5970 UAH per ton.…
DetailsIran has exported alumina to Azerbaijan for the first time, Touraj Zare, managing director of Iran Alumina Company, said. Previously, Tajikistan was the only costumer of Iran’s alumina, but beginning from the current fiscal year (March 2017) Azerbaijan also has started the imports, Zare said, the press office of Iranian Mines and Mining Industries Development…
DetailsLisichanskugol has ordered the Komsomolskaya Central Processing Factory the services of coal processing valued at 24.75 million UAH. According to the contract Lisichanskugol will be sending to the factory the DG-grade coal with the ash content of 43-51%, sulfur of 2.9-3.5%, moisture of 11.5-13.9% and the volatile matter of 42.3%. The coal concentrate after processing…
DetailsIn January-October Severniy Mining and Processing Works produced 6.128 million tons of pellets, down by 17.6% YoY. Concentrate output dropped by 6%, to 9.372 million tons. In October SevGOK produced 562 thousand tons of pellets, 948 thousand tons of concentrate as opposed to 738 thousand tons of pellets and 905 thousand tons of concentrate in…
DetailsIn January-October Beloretsk Iron and Steel Works increased sales of metal wares with high-added value. In particular, sales of stainless products for aviation, oil and gas, machine-building and automobile industries increased 2-fold. Sales of steel high-strength wire for ferroconcrete structures manufacture increased by 14% YoY, rebars threads for the construction of bridges and high-rise buildings…
DetailsMechel-Service has supplied 1.5 thousand tons of beams for the construction of the covered hockey stadium “Yenisei” in Krasnoyarsk. The company also supplies metal for another major sports arena in Siberia – the fencing center in Novosibirsk. “The sale of beams at the Novosibirsk branch in January-October increased by 66% YoY. The Mechel metal is…
DetailsOn November 12 Vostsibugol completed its annual export schedule. So far this year the company has exported over 1.1 million tons of coal. The increase in the export share began in 2008. Since then coal exports reached 5 million tons. Next year the company intends to start exporting coal from its new sites in Khakasia.…
DetailsIn Q3 the net profit of Uralelectromed decreased 5-fold YoY, to 588.9 million rubles. In Q3 2016 the company net profit was 2.97 billion rubles. UEM revenue increased from 21.4 billion rubles to 26.2 billion rubles, while sales prime cost grew from 16.4 billion to 21.6 billion rubles. In 2016 Uralelectromed decreased net profit from…
DetailsIn early November ArcelorMittal Kirviy Rih appointed 3 new deputy general managers. Thus, Vladimir Tesluyk has been appointed the deputy CEO on mining department manufacture. He will be responsible for the open-pit and underground mining operation, mining department technical service and CAPEX realization. Igor Romanyuk has been appointed the acting deputy CEO on metallurgical and…
DetailsRussia’s Natural Resources and Environment Ministry has suggested cutting the mineral extraction tax (MET) for rare metals to 4.8% from 8% in order to simulate production, the ministry said in a statement on November 13. The ministry is now preparing an amendment to the Tax Code for submission to the government. The amendment will also…
DetailsIn January-September the actual prime cost of 1 ton of coal reached 2745.3 UAH, down by 84.5 UAH from the planned cost, but up by 32.3% YoY. According to the Ministry of energy and coal industry, coalmining companies expenses reached 6.196 billion UAH, down by 1.642 billion UAH from the planned ones, but up by…
DetailsPolymetal Int has estimated the primary ore reserves of the Nezhdaninskoye deposits at 1.9 million ounces of gold and 10 million ounces of silver. In particular, ore reserves for open-pit mining are estimated at 15.5 million tons of ore with the average gold content of 4 g per ton. Additional mineral resources are estimated at…
DetailsIn 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…
DetailsIn January-September Kinross Gold produced 13.535 tons of precious metals (435.15 thousand troy ounces in gold equivalent), down by 21.5% YoY. In particular, in Q3 output decreased by 18%, to 4.534 tons (145.76 thousand ounces), which was explained by the scheduled drop of gold contents in ore. In January-September the company sold 13.545 tons of…
DetailsDaltransugol, a part of SUEK, is pondering the possibility of expanding the capacity of its coal-handling terminal to 40 million tons per year. The company is looking for the contractor to prepare the feasibility study. Daltransugol will pay 15 million rubles for this work. The current capacity of the terminal is 24 million tons of…
DetailsIn January-September Beloretsk Iron and Steel Works supplied some 30 thousand tons of spring wire to the manufacturers of furniture. Around 1.6 million mattresses could be made out of it. BMK supplies the 1.4-2.2 mm diameter wire to over 80 local companies. “At present BMK covers some 70% of the local market demand for spring…
DetailsAccording to Sergey Alekseyev, the TMK marketing director, steel pipes consumption (except for large diameter pipes) will grow in Russia in 2017 by 8% YoY.
TMK retains its positions of the leading world manufacturer of pipes with 2798 thousand tons of pipes produced in January-September. (Ukrainian metal)
In 2017 exports of rolled metal changed. According to Ukrmetallurgprom, the share of semi-finished products fell from 44% to 40%. Flat rolled metal share increase from 28.9% to 35%, while that of long rolled metal dropped from 27% in 2016 to 24.5%. In January-October Ukraine exported 78.3% of the rolled metal produced – 11.86 million…
DetailsIn January-October metal consumption in Ukraine increased by 18% YoY, to 4.37 million tons. According to Ukrmetallurgprom, 1.08 million tons (24.7%) were imported, up by 23.4%. Imports structure changed this year. The flat rolled metal dominates the imports with the share of 58.4% against 64%, while the share of long rolled metal increased from 34.3%…
DetailsThe state enterprise Mirnogradugol has ordered the scientific-manufacturing company Mining Machines the delivery of a conveyer valued at 82.26 million UAH. By autumn 2018 within 3 months of the full prepayment the company has to supply the conveyer with the full set of spare parts and equipment. The manufacturer of the conveyer is the Kharkiv…
DetailsThe third batch of 80,000 tons of coal from the United States was delivered by the MG Explorer vessel to the state-run Yuzhny (“Southern”) Sea Commercial Port in Odessa region for Ukraine’s major power generating company PJSC Centrenergo, according to the port’s press service. “There is 80,000 tons of coal on board the bulk carrier.…
DetailsIn January-September the net profit of Rusal according to the International standards increased by 46.4% YoY, to $782 million. Corrected net profit increased 2.9-fold, to $727 million, EBITDA – by 42,4%, to $1.534 billion, revenue – by 21.3%, to $7.224 billion. The company net debt as of September 30 was $7.592 billion as opposed to…
DetailsEnergy and Coal Industry Minister Ihor Nasalyk has said that the National Coal Company plays a key role in the process of reforming the coal industry of Ukraine. “The establishment of the National Coal Company is the only key to reform the coal industry in our country. The government of Groysman came to power when…
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