Russian steelmaker Severstal has temporarily shut down the Severnaya coal mine in the Komi Republic due to risks of new accidents, the company said in a statement. In February, Severnaya collapsed at the depth of 748 meters, followed by more than five explosions in several days. Out of 110 miners who were working at the…Details
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In January-August Ukraine exported 27.25 million tons of iron ore and concentrate valued at $1.13 billion. According to the State Fiscal Service, the largest importers of Ukrainian iron ore were China ($435.44 million, or 38.51% of the total volume), Czech Republic ($119.34 million, 10.55%) and Poland ($109.35 million, 9.67%). Iron ore share in the total…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 125 146 146 155 July 125 139 150 165 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Polar Construction Company LLC (Nornickel subsidiary) has opened a new training ground for practicing work at height with fall-arresting harnesses, and work on scaffolds. “Underground group workers, as well as tiers and drifters and surface construction workers will train at the facility. Each of them has jobs assignments to be performed at height”, said the…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR67.05* min max June 60 186 July 60 158 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH. Thus the cost of the subsidiary assets has increased two-fold since 2014. “The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a…Details
Kola MMC, the Nornickel subsidiary, added innovative rolling stock to its rented tank car fleet for sulfuric acid transportation. The company received 73 tanks of higher capacity. Railcars with increased bogie axial load up to 25 tons per axis (compared to 23 tons for conventional railcars) are an innovative rolling stock. Loading capacity of the…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max June 535 750 521 571 422 569 July 535 750 521 571 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to…Details
In January-August Central Mining and Processing Works produced 1.57 million tons of pellets, up by 0.2% YoY. According to a company representative, CGOK iron ore concentrate dropped by 15.4% YoY, to 3.55 million tons. In August the company produced 213 thousand tons of pellets and 455 thousand tons of concentrate. (Ukrainian metal)Details
In August Electrometallurgical works Dneprospetsstal named after A. Kuzmin produced 19835 tons of steel and 13911 tons of rolled metal, down by 5% and up by 5.5% MoM respectively. The total cost of the commodity output was 152693 UAH (in established prices), down by 8,4% MoM. In H1 2016 the company produced 132858 tons of…Details
In January-August Poltava Mining and Processing Works exported 7.68 million tons of iron ore pellets. PGOK pellets mostly went to Europe and Near East, as well as Japan, Korea and China. Central Mining and Processing Works exported 1.41 million tons of pellets. At the same time PGOK produced 7.52 million tons of iron ore pellets,…Details
In August Ukraine produced 6141 thousand tons of iron ore and concentrate, down by 0.3% MoM, or by 16 thousand tons. In particular, iron ore output went up by 10.8% MoM, or by 118 thousand tons, to 1211 thousand tons, while that of iron ore concentrate dropped by 2.6%, or by 134 thousand tons, to…Details