The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…Details
A gas blowout occurred at the Centralnaya mine in the city of Toretsk resulting in the death of a miner. According to the commissioner of human rights in Donetsk and Lugansk regions Pavel Lisyanskiy, the accident happened late on October 11. There was a gas kick in the shaft and the cave-in of coal. One…Details
In October the state enterprise Vostochniy Mining and Processing Works will put into operation a sulfuric acid warehouse with the capacity of 5 thousand tons. This will increase the stocked volumes of the acid and the terms of uninterrupted operation of the sulfuric acid machine. In 2017 VostGOK decreased uranium concentrate output by 16.8% YoY,…Details
In September railroad deliveries of metal from NLMK totaled 1.1 million tons, up by 14.8% YoY.
In 9 months sales reached 9.6 million tons, up by 2.5% YoY.
Deliveries to Russian customers increased by 0.6%, to 3.2 million tons, while exports grew by 3.5%, to 6.4 million tons. (Ukrainian metal)
In September railroad sales of steel from Amurstal totaled 55.1 thousand tons, up 2.6-fold YoY.
In January-September sales grew 5.2-fold, to 406.5 thousand tons.
This year Russian customers received 138.2 thousand tons, while 268.3 thousand tons were exported. (Ukrainian metal)
RM-Steel, specializing in the metal structures for the construction of ships, plans to double its output next year. “For this we intend to buy another heating furnace, which will allow us increasing output from 11 thousand tons to 22 thousand tons. The cost of the new machinery is around 90 million rubles”, the company owner…Details
In January-September Russian ports handled 604.2 million tons of cargo, up by 4% YoY. According to the Association of the Sea Trade Ports, in particular the throughput of coal totaled 121.9 million tons, up by 5.4%. The throughput of ferrous metals grew by 8.5%, to 22.6 million tons, of scrap – by 13.6%, to 3.2…Details
The subsidiary of the state concern Rosgeologia has completed its prospecting works for Q3 at the Karymshinskoe field. There the enterprise is looking for ore gold according to the state contract signed in 2017. The field is situated in the southeastern part of the Kamchatka peninsula. The completion of the contract is scheduled for late…Details
Since the start of the year Amur region has mined 2.5 million tons of power-generating coal, up by 5% YoY.
In the region coal is mined at the Erkovetsky and Severo-Vostochniy pits.
To further increase Erkovetsky capacities, Amur Coal will by new machines – a hydraulic excavator and bulldozers. (Ukrainian metal)
A new MMK sintering factory will have two unique sinter machines with no analogues in Russia. At present the company is assembling metal structures for the main premises and the buildings of the factory as well as machinery. The new machines will have a sintering area of 300 square meters at each sinter belt, with…Details
Russia: Metalloinvest and ChelPipe Group discuss ways to boost OEMK steel supply for pipe production
Metalloinvest and ChelPipe Group have held a Coordination Committee meeting at OEMK (a part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (a part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant,…Details
The Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…Details
Prices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…Details
In 2003 Solway Investment Group (Sweden) purchased Pobuzhye Ferronickel Plant in Kirovograd region, and since then has invested some $200 million. According to Dan Bronstein, chairman of the board, investments went not only in the manufacture, but also in the educational and cultural spheres of the Pobugskoye town. “Now PFK is one of the most…Details
Chelyabinskgeosyemka, a part of the state concern Rosgeologia, has fulfilled the prospecting works at the Oktyabrskaya field scheduled for Q3. The field is situated in the Chelyabinsk region. The reserves of the Karakulsko-Podovinnaya copper ore zone are 930 thousand tons of copper and 210 thousand tons of zinc. The resources of the Troitskiy molybdenum-tungsten ore…Details
In January-September Rusolovo produced 958.9 tons of tin concentrate, up 1.5-fold.
In three quarters the company has produced 631.3 tons of tin.
The increase has to do with the growth of the company capacities.
By the end of the year Rusolovo intends to have produced 1600 tons of tin concentrate. (Ukrainian metal)
The pilot subdivisions of Cherepovets Iron and Steel Works have started selectively collecting waste. In early September containers for waste were put at some points of the manufacturing site. They are used to collect paper, cardboard and the plastic mix. In just one month the company has been able to submit for processing 6290 kg…Details
The investment program of Russia’s Siberian Coal Energy Company (SUEK) will amount to 150-200 billion rubles through 2021, CEO Vladimir Rashevsky declared. “The investment program is constantly updated, and estimating very roughly 150-200 billion rubles is the amount of investment that we plan to make in the coming three years,” he said. About 70 billion…Details
In January-September DTEK Energo increased gas coal output by 4.6% YoY, to 17.7 million tons. According to the group statement, DTEK Pavlogradugol mined 14.8 million tons of coal, up by 1.1%, while the output of DTEK Dobropolyeugol grew by 27%, to 2.9 million tons. “In the remaining three months of the year we intend to…Details
In September Energomashspetsstal finished producing and shipped a batch of bulk wares for the manufacture of press machinery to Italy. The delivery was performed under the contract concluded with Presezzi Extrusion s.p.a. The batch included 8 columns for the press with the total weight of 74 tons. The companies have been cooperating for over 13…Details
In September direct railroad deliveries of ferrous metals to the major Russian manufacturers of tractors, combines and other agricultural machines totaled 24.1 thousand tons.
According to the railroad statistics, this is up by 22.2% YoY.
In 9 months deliveries grew by 0.9% YoY, to 189 thousand tons. (Ukrainian metal)
In September direct railroad deliveries of rolled steel to Russian car manufacturers (AvtoVAZ, KamAZ, GAZ, AMO Zil, Sollers, OAT, etc.) totaled 99.2 thousand tons.
According to the railroad statistics, this is down by 10.7% YoY.
In 9 months deliveries reached 812.65 thousand tons, up by 6.41% YoY. (Ukrainian metal)
In September direct railroad deliveries of rolled steel, pipes and semi-finished products to the major shipbuilding and repairing enterprises totaled 8.1 thousand tons.
According to the railroad statistics, this is down by 41.4% YoY.
In 9 months deliveries dropped by 21.8% YoY, to 85.5 thousand tons. (Ukrainian metal)
The manufacture of rolled copper by Russian works is based on domestic consumption and almost does not depend on external factors (LME cathode prices, world industry growth rates, etc.). According to the Institute Tsvetmetobrabotka CEO Yuri Raikov, in 2014-2017 copper exports dropped 2-fold, while imports – by 35-40%. The share of the competitive products in…Details