Mechel will participate in the largest international transport exhibition InnoTrans 2018 on September 18-21 in Berlin, Germany. At the event Mechel will showcase the products of the rail and beam mill of Chelyabinsk Iron and Steel Works. The company has mastered the manufacture of the main types of rails according to European and Russian standards,…
DetailsKarelsky Okatysh has started developing the fuel peat deposits Zarechnoye. The opening of the deposits was held on September 10. The peat will be used in the company boiler rooms to decrease the use of fuel oil. The deposits comprise 9 sites on the area of 272 ha, with combined peat reserves of 718 thousand…
DetailsThe largest shareholder of Petropavlovsk, Kenes Rakishev (22%) commented on the lowering of the company credit rating. “The decrease of the gold-extracting company Petropavlovsk credit rating by Fitch from B- to CCC should not be dramatized. The results of the first half of the year led to this. We had a corporate conflict at the…
DetailsIn August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons.
This is the lowest level since July 2017.
In January-August sales grew by 5.3% YoY, to 5.45 million tons.
Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)
NLMK Group, an international steel company, is pleased to announce that RAEX (Expert RA) has assigned it the highest credit rating of ruAAA with a stable outlook, making NLMK Group the first metals and mining company to be awarded the highest rating by the agency. The rating acknowledges the company’s high creditworthiness and financial reliability,…
DetailsIn January-June Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) transferred 1.3 billion UAH worth of taxes to budgets of all levels. In particular, PGOK transferred over 1.1 billion UAH, EGOK – 189.9 million UAH and BGOK – 5.3 million UAH. Poltava GOK paid 110 million UAH to the local budget, 141 million…
DetailsThe land in Shyrokivskiy district of Dnipropetrovsk region for construction of tailing pond is in state ownership and possession was delivered to PJSC ArcelorMittal Kriviy Rih legitimately, explained Yuriy Martynyuk, General Legal Counsel of Legal Administration of the company. – Not all people are aware of this issue. Please explain, what was in the beginning?…
DetailsIn August NLMK-Ural metal sales via railroad totaled 130 thousand tons, up by 13.4% YoY.
In January-August sales grew by 13.3% YoY, to 900 thousand tons.
Sales to Russian customers totaled 621.2 thousand tons, up by 26.1%, while exports dropped by 7.7%, to 278.8 thousand tons. (Ukrainian metal)
In August NLMK-Kaluga received 112.2 thousand tons of ferrous scrap via railroad.
According to the railroad statistics, this is up by 2.8% YoY.
In January-August scrap deliveries totaled 886.2 thousand tons, up by 9.1% YoY. (Ukrainian metal)
Polymetal has started processing raw materials from Latin America at its Amur Hydrometallurgical Works. “Amur HMW is operating like a hub. Since the second half of 2017 we have been processing concentrates of other companies. These are concentrates from the Far East, Siberia and even Kazakhstan. We have also processed a small batch from Latin…
DetailsIn August direct scrap deliveries to NLMK-Ural totaled 176 thousand tons.
According to the railroad statistics, this is up by 4.1% YoY.
In 8 months ferrous scrap deliveries reached 1.11 million tons, up by 2.3% YoY. (Ukrainian metal)
In August NLMK-Kaluga increased sales of metal via railroad by 2% YoY, to 91.8 thousand tons.
In January-August the company sold 752.2 thousand tons of metal, up by 5.2% YoY.
Sales to Russian customers accounted for 306.3 thousand tons, down by 1.8%, while exports grew by 10.5%, to 446 thousand tons. (Ukrainian metal)
The shares of Rusal at the opening of trade at Hong Kong stock exchanged fell by 6%. Rusal is preparing to decrease output because of the US sanctions. The term of business operations with Rusal expires on October 23. Deripaska’s representatives are in constant contact with the Department of Finances, but there is no evidence…
DetailsUkrainian journalists tracked down former employees of the Crimean Titanium plant, who explained why a chemical disaster occurred. The reason lays in grave violations of the technology process to dispose of hazardous substances – leftovers of titanium production. “For three years, hydrolysis acid has been drained into settling reservoirs in full violation of technology,” ex-worker…
DetailsThe prices of precious metals increased in Azerbaijan on September 11, according to the data published by the Central Bank. The price of gold grew by 1.4535 manats, to 2,029.7575 manats per ounce on September 11, compared to the price on September 10. The price of silver went up by 0.0665 manats, to 24.0502 manats…
DetailsRussian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said.
The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)
Russia’s Economic Development Ministry expects aluminum producer UC RUSAL to finish registration in a special administrative region in October, Minister Maxim Oreshkin declared on the sidelines of the Eastern Economic Forum on September 11. “The law will come into force soon, now all bylaws are being prepared, there will be some adjustments including legislative adjustments.…
DetailsChina Minmetals Corporation subsidiary has asked the Arbitrary court of Chelyabinsk region to recover the debt from Chelyabinsk Iron and Steel Works under the contract to construct the rail and beam mill. The Chinese company is claiming $16.69 million and interest. At the same time ChMK has filed a counter claim because of the bad…
DetailsKyshtym Electrolytic Copper Plant has assembled the main equipment of the LUHR gas filter.
It is used to purify gases of the main copper-smelting machine of the company – the MAERZ furnace.
The filter is expected to be commissioned this year.
The cost of the project is 200 million rubles. (Ukrainian metal)
President of Nornickel Vladimir Potanin has visited the deepest mine of the company, which is also the deepest in Eurasia, – the Skalisty Mine at the depth of 2056 meters. The Skalisty project is estimated at 134 billion rubles. Last year the mine yielded 1.9 million tons of ore, and this year 2.2 million tons…
DetailsOn September 7 Electrozinc shut down its zinc manufacture to carry out annual repairs. Until the end of the month all the machinery will be checked, cleaned and repaired. Some 1 thousand employees are participating in the work, both contractors and shop workers. The main object of the repair is the sulfur acid shop. The…
DetailsAlexander Popov has been appointed the CEO of Bystrinskoye Mining and Processing Works effective as of September 3.
He has previously worked in Kuzbassugol, Vorkutaugok, Olkon and Krasniy Kotelschik.
The ex-CEO of BGOK Vladimir Nakivayko has been working at Nornickel enterprises for 25 years. (Ukrainian metal)
The Titanium Investments LLC subsidiary in the town of Armyansk, in the north of the Russia-occupied Crimea, the manufacturer of titanium dioxide, has shut down all of its 8 furnaces. “The last furnace was shut down on September 9”, the company deputy CEO Andrei Dogadov said. According to him, the water used in the manufacture…
DetailsRushydro has taken a pause in entering the Taishet Aluminum Project of Rusal. “There is a pause, not only on our behalf, but also on behalf of our colleagues, the banks. They have to settle the project financing based on their own vision of what’s going on”, Rushydro chairman Nikolay Shulginov said. “Taking all the…
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