Russia: Rashnikov sells 3% in MMK

Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…

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Ukraine lacking gas coal

The minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…

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Ukraine: Zaporizhstal remechanizing loco fleet

Zaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…

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Ukraine: pellets exports in January-July 2017

In January-July Ferrexpo exported 5.87 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 4.705 million tons of pellets, while Yeristovo GOK – 1.165 million tons. At the same time Karelsky Okatysh exported 2.875 million tons of pellets, Mikhailovsky GOK – 2.148 million tons, Lebedinsky GOK (all three – Russia)…

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Russia: Rusal starts supplying aluminum to the new segment of the local market

Rusal announces the manufacture of the first in Russia high-voltage power transformer with aluminum winding. The project was carried out by the Engineering-Construction division in 2016-2017 within the program to improve the stability of electric equipment operation at Rusal aluminum plants. The first transformer has already arrived at the Bratsk Aluminum Works. Rusal plans to…

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Ukraine: occupied Makeevka mine flooded

At the Horizon mine in the pro-Russia terrorist-occupied Makeevka following the accident at least two miners perished. The accident happened on September 1, when the mine was flooded. The body of a miner – the Makeevka citizen (born 1987) – was recovered. Soon after that the body of another miner was found – also Makeevka…

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Kazakhstan: energy minister lambasts repairs at ArcelorMittal Temirtau’s TPP

The Minister of Energy of the Republic of Kazakhstan, Kanat Bozumbayev, has dubbed the troubled facilities in terms of the preparation for the upcoming heating season. “In a number of regions, there are outstanding issues that require additional measures to ensure the stability of the upcoming heating season,” Kanat Bozumbayev said at a government session.…

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Ukraine: Lviv against uniting mines

The Lviv region state administration is against uniting all the state mines into one company, the administration fuel and energy saving department director Mikhail Melnik reported. “We don’t like the idea of turning separate enterprises into manufacturing subdivisions. We want money invested into each mine, we want them modernized. The country is carrying out the…

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