Interpipe has supplied 3 thousand railroad wheels to the Saudi Railways Organization. According to the company statement, the total number of the KLW brand wheels to be delivered is 14 thousand units. Interpipe will produce and supply 3 types of wheels for railroad cars and locomotives with 838, 920 and 1046 mm diameter. The company…Details
Metinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…Details
Energomashspetsstal will produce a batch of rolls for Evraz-DMZ. The contract for delivery was concluded in January. According to the agreement EMSS will produce 14 working rolls with the total weight of 175.3 tons. The rolls will be used at the rolling mill of Dneprovsky Iron and Steel Works. After mechanical and thermal treatment rolls…Details
In January one of the leading gold-miners of Irkutsk region – Druza – mined 56.3 kg of gold. At present gold is mined only at the Nevskoye deposits. Operation at other deposits will commence in March. In 2017 the company plans to keep the last year levels of output. In 2016 Druza mined 1130 kg…Details
VSMPO-Avisma has put a new homogenizing furnace into operation.
This is the fifth machine to be constructed in shop No. 1.
The furnace was designed, constructed, assembled and put into operation by the company specialists.
The homogenizing or the artificial ageing improves the metal structure. (Ukrainian metal)
Ukraine has enough resources to stop using the anthracite coal delivered from Donbass in case the corresponding political decision is taken. “If a political decision is taken and on the governmental level we are told to block and not exchange goods anymore, Ukraine has enough resources to completely stop buying the anthracite coal”, energy and…Details
In 2017 Koks-Mining enterprises intend to increase coal output by 23%, to 2.7 million tons from 2.2 million tons in 2015. According to the company CEO Victor Shevtsov, output could grow even more – to 2.9-3 million tons, as this spring the company plans to greatly increase its mining capacities by putting into operation the…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, has finished the scheduled capital repairs of its quality and stainless steel producing complex. The repairs cost around 20 million rubles. All the three mills of the complex were repaired. The main mill – the continuous cast machine No. 2 – saw the largest volume of…Details
In 2017 the Kimkano-Sutar Mining and Processing Works will bring around 300 million rubles of taxes to the budget of the Jewish Autonomous District, the regional governor Alexander Levintal announced. By mid-2017 it is planned to put the works to full operation. According to the company CEO Yuri Makarov, in December 2016 the works produced…Details
The management of the United Mining and Chemical Company was prepared to privatize the company in its favor. “The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”,…Details
On February 5-8, the anthracite coal stocks at Ukraine’s thermal power plants increased by 18 thousand tons, or by 2%, to 876 thousand tons. According to the national power-generating company Ukrenergo, as of late February 5, there was 1609 thousand tons of coal at the warehouses, including 858 thousand tons of anthracite, with 186 thousand…Details
Russian aluminum giant UC Rusal is considering selling up to 20% of new shares in London, Bloomberg reported citing two sources familiar with the situation. The company sees good possibilities for the sale of new shares in London after the price of its shares increased and is currently holding talks with several banks, the sources…Details
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, may acquire global depositary receipts (GDRs) from minority shareholders for $118 million with own funds in the framework of a planned delisting from the London Stock Exchange (LSE), CEO Nikolai Zelensky said. Earlier Nordgold confirmed its LSE delisting plans and said it had offered to…Details
Transnet Engineering LTD from the South African Republic is interested in buying steel in Ukraine. “According to the Ukrainian embassy in SAR, the company is looking for suppliers of steel to be used in the manufacture of 3200 containers for the coal transportation”, the Ministry of economic development and trade reported. It should be noted…Details
In 2016 Ukraine exported 37.7 million tons of iron ore raw materials, down by 7.8 million tons YoY. According to the state enterprise Ukrpromvneshexpertisa, the largest drop in exports was to China – by 9.6 million tons. This market is the farthest and the less competitive for Ukrainian suppliers. On the other hand, Serbia and…Details
In January Yenakievo Iron and Steel Works, a part of Metinvest, produced 173 thousand tons of rolled metal, down by 1.1% YoY. Steel output increased by 15.2%, to 189 thousand tons, of pig iron – by 9%, to 173 thousand tons. In December 2016 the company produced 160 thousand tons of rolled metal, 154 thousand…Details
Novolipetsk Iron and Steel Works has started testing three dust extraction systems in its sinter shop, which produces 15 million tons of raw materials for pig iron manufacture annually. The project will decrease dust emission by the sintering factory by 3.3% and will enable the company to use the dust in the manufacturing process. Dust…Details
Chelyabinsk Pipe Plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program. The exchange-traded bonds are structured according to the classical scheme with a 182-day coupon period and bullet repayment at the…Details
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announces that the English court has sanctioned the scheme of arrangement to implement its financial restructuring. Following a court hearing on January 17, the English court ordered that separate meetings of (i) the holders of certain notes issued by the…Details
On February 8, Lvivugol received 12.9 million UAH to buy equipment and modernize its mines. The major part of money will be invested in the modernization of Vidrodzhennya, Lisova and Stepova mines modernization to increase coalmining. This year Lvivugol announced it planned to increase coal output by 2.2% YoY, to 1440 thousand tons. As of…Details
In 2016 Izhstal, a part of Mechel, increased stainless steel output 2-fold YoY. Stainless steel production totaled 16.5 thousand tons. Continuous cast billet accounted for 19% of all steel produced, its output having increased 3-fold YoY. Stainless ingots manufacture went up 1.8-fold. At present the company is capable of producing 250 nickel-containing stainless steels and…Details
In 2016 Yakutia mined 23.653 tons of gold.
The annual target was 23.5 tons of gold. The decrease of the target is explained with the planned indexes of local gold-miners.
This year Yakutia expects to mine 22-23 tons of gold. (Ukrainian metal)
In 2016 Kazakhstan produced 74.6 tons of unwrought and semi-wrought gold, down by 17.1% YoY. The share of fine gold made more than half (37.7 tons) of the produced precious metals. Kazakhstan has observed intensification of gold production in recent years. In 2013 annual growth made 6.6%, in 2014 – 18% and in 2015 –…Details
Miners on the Ukraine-uncontrolled territories of Donbass receive salary via the bankcards of the state Oschadbank. “The anthracite coal, supplied from the ATO zone, is mined at Ukrainian enterprises, registered on Ukrainian territory, and from the ground, belonging to Ukraine. All of the miners there – around 50 thousands of them – are also registered…Details
The decision to stop buying coal from the uncontrolled territories of Donbass will lead to the necessity to buy it directly from the actual aggressor – Russia, at the price far exceeding local. “The needed 9-10 million tons of anthracite is a minus of $0.9-1 billion to the foreign trade. But what is more important…Details
The Individual Deposit Guarantee Fund will hold a second auction to sell the assets and land of the Ivano-Frankovsk Fittings Works. The starting price has been decreased by 8 million UAH. The assets, land, a sanatorium and a resort in the Carpathian Mountains have been loaned to the Brokbiznesbank. The debt of the works to…Details