Ukraine: Valki-Ilmenit banned from apatite-ilmenite deposits

The Zhitomir District Administrative Court has cancelled the order of the Korosten regional state administration chairman on the approving of the detailed plan of territory for the mining and processing works at the Stermigorod apatite-ilmenite deposits. In October 2013, the administration chairman granted Valki-Ilmenit the right to develop the detailed plan of the territory. In…

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Ukraine: Fitch upgrades Ferrexpo Plc to ‘B-‘

Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…

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Ukraine: Lugansk terrorists get hold of 3 Akhmetov’s companies

The so-called Council of ministers of the Lugansk People’s Republic has implemented outer administration at three companies of Rinat Akhmetov.

The corresponding “document” has been published on the separatists’ portal.

Temporal administration is implemented in Krasnodonugol, DTEK Rovenkiantrazit and DTEK Sverdlovantrazit.

The separatists could expand the list of “nationalized” companies. (Ukrainian metal)

Russia: Nornickel not to become green

At present there are no technologies in the world that can make metal industry green, Norilsk Nickel vice-president Elena Bezdenezhnykh believes. “We are constantly improving the ecological conditions. By 2023 the company will have invested 250 billion rubles into environmental projects. But, unfortunately, there is no technology that can make metallurgy green. At best it…

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Russia: Gydrometallurg enters new development stage

The minister on North Caucasus Lev Kuznetsov together with the chairman of the Kabardino-Balkaria government Aliy Musukov visited the Gydrometallurg works in Nalchik. The company CEO Igor Morozov demonstrated technological processes and new machinery to the guests. “In addition to the construction of the new production complex at Gydrometallurg, the government of the republic settles…

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Russia: copper output up in January 2017

In January Russia increased raw copper output by 5.6% YoY.

According to the Federal Service of State Statistics, copper alloys manufacture went up by 50.4%, that of powders and flakes dropped by 3.9%, of rods and shapes – by 58.9%. Copper wire output increased by 6%, that of foil – 2.1-fold. (Ukrainian metal)

Russia: nickel exports down in 2016

In 2016 Russia exported 185.7 thousand tons of raw nickel to the world market, down by 18% YoY.

According to the Federal Customs Service, exports to far foreign countries dropped by 18%, to 185.3 thousand tons, but to CIS-countries – doubled to 0.4 thousand tons. (Ukrainian metal)

Russia: Amurmetal back in action

On February 28, Amurmetal resumes operation after an almost monthly stand still. The company will be working at night under cheaper energy tariffs. So far 9 thousand tons of scrap have been accumulated. In late January Amurmetal was purchased by Torex (Khabarovsk) for 2.46 billion rubles. The purchase agreement has not been signed yet, though…

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