The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…Details
In 2016 the Kamchatka Krai registered an increase in precious metals mining. “The precious metals mining is one of the most prosperous mining activities in the region. The active development of the industry allowed us to mine 373 kg of platinum, 6.329 tons of gold and 11.794 tons of silver in 2016”, the regional natural…Details
The Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop.
This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole.
Investments into the project totaled 61 million rubles. (Ukrainian metal)
In 2016 the Federal Cargo Company transported 15.6 million tons of ore, up by 30% YoY. The largest volumes were carried from KMAruda to Tulachermet, and then exported through Russian and Baltic ports. The increase in ore transportation was noted at the Krasnoyarsk (by 146% YoY), Sverdlovsk (by 117%), Zabaikalsk (by 107%), Northern (by 76%),…Details
The ArcelorMittal CIS CEO Paramjit Kahlon has presented new top-managers of ArcelorMittal Temirtau. In particular the team was joined by Ashok Sontalia, the financial director, Vadim Basin, the repairs director, Andrei Berg, the steel department director, Yevgeny Romashin, the coal department director, Maurilio Botelo, Orken LLC director, Anna Adom, HR director, Serik Bekembayev, legal director,…Details
In 2016 industrial output in Donbass (without the Anti-terrorist operation zone) increased by 6%, with December 2016 indexes up by 12.2% YoY and by 3.8% MoM. Mining and quarry industry increased output by 7.8% YoY, metal – by 8.7%, coke – by 15.3%. Coal mining in 2016 went up by 9.3% YoY, to 14.3 million…Details
The minister of energy and coal industry Igor Nasalik has created a working group to check the purchases of equipment by state mines. By January 31, the group will have checked products, services, operations as well as correspondence to the current legislation of purchases of mining equipment valued at 300 million UAH. Directors of coalmining…Details
The Tomsk Polytechnic University and the scientific-manufacturing enterprise Redkiye Metally Sibiri (Rare metals of Siberia) have completed the first stage of beryllium manufacture creation. The start of the first stage is Krasnokamensk (Zabaikalsky krai) using the technology developed in the university is scheduled for late 2018 – early 2019. At present only two countries mine…Details
Detectives of the National Anticorruption Bureau have detained the acting chairman of the board of the United Mining and Chemical Company suspected of damaging the enterprise to the amount of 300 million UAH. According to the State Registry, the UMCC acting chairman is Ruslan Zhurylo. UMCC started operating in August 2014, when the government transferred…Details
The exclusive size of Uraltrubprom shaped tubes enjoys stable demand. Recently the works has exported yet another batch of shaped tubes with the size of 400x400x20 mm in accordance with EN 10219 made of S355J2H coil steel. Uraltrubprom is the only producer of thick-walled square and rectangular large diameter pipes of coil steel in Russia…Details
Zaporozhye Nuclear Power Plant has ordered the Manufacturing enterprise Oscar the delivery of stainless pipes valued at 2.08 million UAH. ZNPP ordered two types of stainless pipes of 08X18H10T. Some of the pipes should be made according to GOST 9940-81, they will not be used in systems that affect the NPP operation. The rest will…Details
Volnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, in December 2016 ordered soft PP containers valued at 32.5 million UAH from Delis-Prof LLC. This year the company has to supply 168 thousand various containers and 2 thousand PP inserts. The price of most products exceeds those of last year…Details
In 2016 raw copper output in Russia increased by 0.7% YoY.
According to the Federal Service of State Statistics, copper rods and sections output went up by 18.8% YoY, plates, sheets, and strips – by 3.9%, while that of wire decreased by 11.8%, and of foil – by 8.3%. (Ukrainian metal)
In 2016 coal stocks in Ukraine decreased by 34.6% YoY, to 4.183 million tons.
According to the State Statistics Service, this does not take into account the temporarily occupied territories of Crimea and the Antiterrorist operation zone. (Ukrainian metal)
Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size $600 million, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing the company’s current indebtedness. Vladislav Soloviev, Rusal’s CEO said: “We are delighted to win overwhelming support for our debut Eurobond…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, produced 1 million tons of rolled metal at its rail and structural mill since it was put into operation. The 1 millionth-ton was the rail for the Russian Railroads. ChMK started supplying 100-meter rails to RZhD in January 2016. Last year the works delivered around 304…Details
In 2016 the Tuapse Sea Trade Port transshipped 14.1 thousand tons of cargo, down by 4% YoY. According to the port press service, ferrous metals transshipment increased by 8.1% YoY, to 2.25 million tons. A slight decrease in slab exports (by 2.3%) was compensated for by the new cargo for the Tuapse port, in particular…Details
In 2016 Cherepovets Iron and Steel Works, a part of Severstal Russian Steel, produced 1 thousand tons of two-ply steel. “This is a record volume of the rolled bi-metal produced at CherMK for the past 5 years. Because of the high characteristics it could substitute the foreign analogues on the Russian market”, the Severstal Russian…Details
In 2016 Yakutugol, a part of Mechel, mined 9.9 million tons of coal, up by 8% YoY. Neryugrinsky pit yielded 9.3 million tons, up by 10% YoY. This is a record for the enterprise since 2008. Kangalassky pit also demonstrated a considerable growth in mining. Last year it yielded 170 thousand tons of coal, up…Details
Zaporizhstal has commenced SKD assembly of blast furnace No. 3 right on the BF reconstruction site. All metal structures to be assembled on the new foundation weigh about 5,000 tons. To date, the plant has installed one of the six furnace shell blocks previously put together on a preparation site. Specialists have built a new…Details
SL Zoloto, a joint venture of state industrial corporation Rostec and gold producer Polyus, has won an auction to develop the Sukhoi Log gold deposit in the Irkutsk region having paid 9.4 billion rubles, Natural Resources and Environment Minister Sergei Donskoi reported. “SL Zoloto has become a winner of the auction for the largest gold…Details
Olenegorsk Mining and Processing Works, a part of Severstal, intends to spend 60 million rubles in 2017 on environment measures, up almost 2-fold YoY. “Our priority is to decrease the impact on air and water. Most of the money will be spent on those projects”, the acting CEO Alexei Scherbakov said. The largest environment project…Details
The prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…Details
The first deputy Prime Minister Askar Mamin suggests increasing coal exports to China. “China has increased its coal imports to 200 million tons. We have to see if we can increase our exports there. This is a large market. We have to see if we can supply from bordering regions”, he said. The prime minister…Details
The Belarus Universal Commodity Exchange (BUCE) has concluded the largest deal in its history – the purchase of 120 thousand tons of coal at the price of $8.64 million. 9 sellers and 4 buyers participated in the trade, and as the result of just one trade section the company was able to cover half of…Details
In 2016 Ukraine exported 39.2 million tons of iron ore raw materials, down by 6.5 million tons YoY. “Iron ore raw materials exports in December 2016 dropped by 22 thousand tons, to 3223 thousand tons”, the state enterprise Ukrpromvneshexpertisa expert Dmitry Zheltyakov said. Last year Japan increased imports by 535 thousand tons YoY, Serbia –…Details