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Russian tycoon Viktor Vekselberg expects that acquisition of a stake in aluminum giant UC RUSAL from Mikhail Prokhorov’s Onexim Group will be closed soon. At present, Sual Partners, controlled by Vekselberg and partners, holds 15.8% in RUSAL, while Onexim owns 17%, and businessman Oleg Deripaska’s En+ Group has 48.13%. “I hope it will be closed…
DetailsIn January-September Donetsk region (without the Antiterrorist operation zone) increased industrial output by 5.9% YoY. In September output decreased by 6.2% MoM and by 1.4% YoY. Metal wares production went up by 7.1%, coke – by 22.5% and mining – by 8.7%. In September coke output dropped by 1.7% MoM, metal wares – by 3.1%,…
DetailsIn October Makeevugol mined 97.9% of the plan. It still needs to mine 1080 tons this month. According to the company statement, Kholodnaya Balka mined 117.5% of the plan, Kalinovskaya-Vostochnaya – 100.8%, named after Kirov – 100%, Yasinovatskaya-Glubokaya – 76.2%, Severnaya – 84.9%. (Ukrainian metal)
DetailsIn January-September TALKO produced 103 thousand tons of aluminum, up by 3.1% YoY. In H1 primary aluminum output production increased by 13.5% YoY. Only some 5.4 thousand tons of Tajik aluminum has been processed locally this year. TALKO plans to decrease output this year from 158 thousand tons to 150 thousand tons because of the…
DetailsThe smelting shop of Kola Mining and Metallurgical Company (a part of Norilsk Nickel) saw the completion of the converter No. 6 overhaul. The company used some 200 tons of refractory bricks in repairs. The smelting shop operates 5 converters. (Ukrainian metal)
DetailsIn January-September Russia increased raw magnesium production by 1.6% YoY, while magnesium alloys output dropped by 0.5%. According to the Federal Service of State Statistics, in September raw magnesium output remained on the August level, but increased by 4.9% YoY. Magnesium alloys production increased by 14.9% MoM and by 16.5% YoY. (Ukrainian metal)
DetailsIn January-September Russia increased raw cobalt output by 66.6% YoY. According to the Federal Service of State Statistics, in September raw cobalt output went up by 24.7% YoY, but dropped by 40.6% MoM. (Ukrainian metal)
DetailsThe mine named after Kirov has mined 5 million tons of coal since the year started. The mine was put into operation in 1935. At present it mines coal as deep as 480 meters and the length of its mining is over 150 km. Since its opening the mine yielded more than 200 million tons…
DetailsNext year Raspadskaya Coal Company plans to start working on a new layer, which will provide coal for mining for 15 years. On October 1, the company increased wages by 4%. And this year it plans to increase salary by 10%. Raspadskaya also plans to expand its coking coal sales, as China has closed a…
DetailsIt took the enterprise 57 years to reach this target. “100 million tons of non-ferrous ore is a huge figure. Imagine 15 and a half Great pyramids or 10 thousand Eiffel Towers – that’s how much we mined”, said the open-pit mine director Alexander Fomin. This year Gaysky GOK intends to mine 2.6 million tons…
DetailsThe Krasnodarsky Krai Court of Arbitration has declared the Armavir Iron and Steel Works bankrupt. The supervision procedure is being implemented. The next court session following the results of procedure will be held on February 27, 2017. Armavir Iron and Steel Works is the mini-mill project in Armavir. Its capacities should have reached 750 thousand…
DetailsSeverstal – Balkanovo has started producing screw dire-rolling section No. 22. Such sections could be connected with nuts and are used in construction. The first 120 tons of screw bars will be shipped to consumers this month. (Ukrainian metal)
DetailsInterpipe has appointed Fadi Hraibe its new CEO. According to the company statement, Hraibe will start working on his new position from November 1. Oleg Rosenberg, who has been heading Interpipe since 2013, has finished his cooperation with the company. Hraibe has been working at Interpipe for over 5 years. (Ukrainian metal)
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