Naftogaz Ukrainy has asked the Commercial court of Donetsk region to open a case on the bankruptcy of Energomashspetsstal. The suit was filed on August 3 by the Naftogaz daughter company – Gaz Ukrainy. As of August 1 EMSS is the fourth largest debtor of Naftogaz as to gas among industrial consumers with its debt…
DetailsThe shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…
DetailsIn January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…
DetailsSince the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…
DetailsChelyabinsk Zinc Works has completed the transition to using large size cathodes in the zinc electrolysis shop. The investment program presupposed the modernization of all the necessary capacities all over the works. And the cathode replacement is one of the most important steps of the program. The shop baths contain 16,320 cathodes. The size of…
DetailsMechel-Service has supplied 2.2 thousand tons of rolled metal for the construction of the Platov international airport in Rostov-on-Don. Chelyabinsk Iron and Steel Works rebars account for most of the metal supplied. The company also delivered construction mesh, beams and sheets. Platov is designed to become the main air haven of the South of Russia.…
DetailsIn January-June Altai-Koks produced 2.04 million tons of coke, up by 5% YoY.
The company capacities were 98% loaded.
Altai-Koks sold some 82% of coke domestically, including 76% within the NLMK Group. The rest was exported to Uzbekistan, Kazakhstan, German, Belgium and Finland. (Ukrainian metal)
Russian coal exports in January-July increased by 9.5% YoY, to 106.3 million tons, the Ministry of Energy of Russia statistics showed.
In July the commodity exports totaled 15,855,000 tons.
Coal mining in the seven-month period reached 231,389,000 tons, with 201,519,000 tons shipped. (Portnews/Ukrainian metal)
Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…
DetailsChervonograd city council has addressed the president, the prime minister and the minister of energy and coal industry informing them on the difficult situation of miners at the state enterprise Lvivugol and the salary payment problems. “The Lvivugol miners are facing a very difficult situation because of the unstable payment of salary. This situation has…
DetailsAvdiivka Coke and Chemical Works is modernizing the railroad station.
Investments into the project total 24 million UAH.
At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)
Dneprovsky Iron and Steel Combine has put its blast furnace No. 12 into operation. Thus the blast furnace shop now operates BFs No. 1M, 9 and 12. 4 sintering machines are now providing the shop with sinter. The converter shop continues manufacturing square billets. BF No. 9 was put into operation on August 1. (Ukrainian…
DetailsCorum Druzhkovka Machine-Buidling Works has produced an AM8D locomotive for KazChrome. According to the company statement, the machine will be operating at the chrome ore long face. This is the first delivery of such machinery to Kazakhstan in 3 years. “Kazakh mines, including those of chrome, need such locomotives. So our plan is to make…
DetailsMetalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 million tons of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (a part of Metalloinvest) will have supplied Evraz with 1.6 million tons of pellets and 1.8 million tons of iron ore concentrate by June 30, 2018. Nazim Efendiev, First…
DetailsVSMPO-Avisma Corporation has signed several long-term agreements with Rolls-Royce for the period up to 2026. Terms and conditions of all agreements differ from each other. According to the terms of new agreements VSMPO-Avisma shall deliver rings, blisks and fan disks to Rolls-Royce for new jet engines. The expected revenue from the agreements will potentially exceed…
DetailsIn January-July Ukraine imported 9.457 million tons of coal valued at $1.472 billion, up by 5.1% and by 85.9% YoY respectively, including $213.64 million in July. According to the State Fiscal Service, Russia supplied $762.006 million worth of coal (51.76%), USA – $378.469 million (25.71%), Canada – $116.185 million (7.89%) and other countries – $215.491…
DetailsRusal has stopped supplying aluminum to the largest manufacturer of cast wheel disks in Russia – Kik LLC. According to the K&K Group of Companies CEO Sergey Kuklin, having purchased the Skad LLC, Rusal got an opportunity to enter the car disk market, the world volume of which is estimated at 300 million pieces a…
DetailsThe Industrial Union of Donbass Corporation is still controlling the Alchevsk Iron and Steel Works, situated on the Russia-supported terrorist-occupied territory of Lugansk region. According to a source, after the cargo stopped crossing the demarcation line, the militants of the so-called Lugansk People’s Republic did not make any attempts to take over the enterprise. At…
DetailsIn July Yuzhniy Mining and Processing Works produced 1.052 million tons of concentrate, up by 13.8% YoY. According to the company statement, its sinter output dropped by 33.3%, to 152.8 thousand tons. In January-July UGOK produced 7.133 million tons of concentrate and 1.046 million tons of sinter, up by 12.6% YoY and down by 8.9%…
DetailsIn January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.
According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.
In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)
Stoilensky Mining and Processing Works (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tons of concentrate per year. Twenty…
DetailsChZPSN-Profnastil has increased its manufacturing capacities of light steel thin-walled structures used in construction. In addition to a Samesor line (sections with the thickness of 1-4 mm), the company has put into operation a Zeman line (1.2-4 mm thick sections with the height of 100-400 mm). The company can now produce S- and Z-sections. (Ukrainian…
DetailsLosses of the state enterprise Donetsk regional railroads (DZhD), a part of the state enterprise Ukrzaliznytsia, will soon grow to 6-65 million UAH per month because the railway authorities cannot provide for the full-scale cargo connection with the city of Mariupol. “I’ve read somewhere that in July DZhD did not receive 42 million UAH of…
DetailsSome private Ukrainian companies are buying power coal in Russia at $78-82 per ton. But, according to the minister of energy and coal industry Igor Nasalik, these deliveries could be stopped at any moment by a decision of a single person. “I can not say that Russian coal is cheap, but some companies do buy…
DetailsAccording to the Federal Customs Service, in January-June Russia exported 20.713 million tons of ferrous metals, down by 3.5% YoY. In particular, exports to far foreign countries amounted to 17.75 million tons, up by 6.3%, valued at $7.4 billion, while exports to the CIS countries increased by 18.2%, to 2.96 million tons ($1.5 billion). Steel…
DetailsBy the end of 2017 Kimkano-Sutarsky Mining and Processing Works will have reached its full capacity of 3.5 million tons. “Each day the works sends out some 100 railroad cars with 6 thousand tons of ore. The iron ore concentrate mostly goes to the South-East Asian”, the company CEO Yuri Makarov said. KSGOK intends to…
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