The Tajik government intends to purchase the Sozidaniye Business Center and the Hyatt Regency Hotel that are located in Dushanbe from Russian aluminum giant, United Company Russian Aluminum (Rusal). The sides have reached an agreement and the Tajik Aluminum Company (TALCO) will pay Rusal around $150 million over a 10-year period. Meanwhile, a source familiar…
DetailsUkraine’s National Security and Defense Council (NSDC) has instructed the country’s government to urgently take exhaustive measures to neutralize the threats to Ukraine’s energy security. The relevant NSDC decision, dated February 16, was enacted by the presidential decree No. 37/2017 published on the Ukrainian president’s official site. “The Ukrainian Cabinet of Ministers is forthwith to…
DetailsCoal Energy S.A. (Luxembourg) with assets in Ukraine in January reduced coal production by 28.6% (by 11,633 tons) as compared to the same period of 2016, to 29,035 tons, the press service of the company has said. Compared with December 2016 the fall was even more significant – 43.7% (by 22,502 tons). Coal Energy includes…
DetailsIn 2016 Rusal produced 3.685 million tons of aluminum, up by 1.1% YoY, and sold 3.818 million tons, up by 4.9%. Aluminum produced at Boguchansk Aluminum Works saw the highest increase in sales. Bauxite extraction went up by 0.6% YoY, to 12.187 million tons, nepheline ores – by 7.8%, to 4.432 million tons, alumina –…
DetailsIn 2016 Russia exported 3.481 million tons of raw aluminum, up by 0.6% YoY. According to the Federal Customs Service, exports to far foreign countries increased by 0.2% YoY, to 3.414 million tons, to CIS-countries – by 38.2%, to 67 thousand tons. Aluminum exports revenue totaled $4.988 billion, down by 17.9% YoY, including $4.875 billion…
DetailsIn 2016 Russia exported 3.16 tons of corrosion-resistant steel rods valued at $9.8 million, up by 54% and by 29% YoY respectively. Almost half of the rods were supplied to Ukraine. Deliveries there increased 2.85 times as compared with 2015. In December 2016 the price of rods was $1731 per ton FOB. Belarus imported some…
DetailsIn 2016 Korshunovsky Mining and Processing Works shipped around 6 thousand tons of scrap. Ferrous and non-ferrous metals scrap is created as the result of the industrial activity of the enterprise. To transport this volume of scrap the company used 94 railroad cars. Ferrous scrap is sent for processing to the main consumer – Chelyabinsk…
DetailsUkraine has blocked the exports of anthracite coal for the period of the emergency state in the energy system. According to the Prime Minister of Ukraine Vladimir Groysman, the decision has been taken following the blockade of railroad transportation to and from the temporarily occupied regions, where the anthracite coal is mined. The emergency state…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 1 billion rubles in development of the Yesaulskaya coal pit in the Kemerovo region, the company said in a statement. Under the investment project, the 29a coal bed with booked reserves of more than 10 million tons of gas-fat coking coal will be…
DetailsIn 2000-2015 Russian metal companies invested a lot into their own development to increase competitiveness and satisfy the local demand in metal products both in quality and in volume. Russian Steel enterprises investments into ferrous metallurgy in 2000-2015 totaled 1.868 trillion rubles, with annual investments growing from 23 billion in 2000 to 135 billion in…
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