Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, plans annual capital expenditures on coal assets at around $100 million until 2025, Sergei Stepanov, senior vice president and head of the coal division, reported on September 21. “Historically, the division spends around $100 million per year on capex on maintenance, without construction of new mines.…Details
Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…Details
Interpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…Details
According to some sources the debts of the Donetskstal Group to the banks could reach $1 billion.
Creditors have doubts as to the company financial reports.
Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)
Interpipe Steel is pondering the possibility of importing scrap from the USA. According to the company CEO Fadi Khraibe, scrap situation in Ukraine is complex, with a negative forecast. “At present the market is balanced. In November it will change. In Q1 2018 there will be a shortage of scrap and we will have to…Details
In January-August raw copper output totaled 0.279 million ton, up by 5.5% YoY. In August copper manufacture increased by 4.1% YoY, but dropped by 7.1% MoM, to 0.033 million tons. Zinc production decreased by 0.3% YoY in January-August, to 0.217 million tons, with 0.028 million tons produced in August, up by 5.8% MoM and by…Details
Khakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…Details
In August Dneprospetsstal produced 23251 tons of steel and 14376 tons of rolled metal, up by 10% and by 3.7% MoM respectively. The total cost of the products manufactured in August dropped by 8.4% MoM, to 611643 thousand UAH. In January-August DSS produced 172138 tons of steel and 112875 tons of rolled metal, valued at…Details
Despite being situated in the military activity zone, Avdiivka Coke and Chemical Works is modernizing its capacities. In particular, the company is constructing the crude benzol storage and a new tube-type furnace, modernizing the railroad network and the coke shop No. 4. This year the company intends to start a new environment project to stop…Details
The commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…Details
Shareholders of Yuzhniy Mining and Processing Works decided to pay 16.163 billion UAH of dividends (10.16 UAH per share). According to the company statement, the payment of dividends will start on September 25 and will end in 6 months. In 2016 UGOK received 5.904 billion UAH of profit, up 1.7-fold YoY, having increased its net…Details
In October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…Details
MMK has developed and implemented a new technique to produce rolled sheet with the Arc index to be used in the Arctic region. The metal will be used in constructing ships to sail in the North, as well as engineering machines to be used there. MMK metal can be used at the temperature of –70…Details
Olenegorsk Mining and Processing Works has purchased 4 new Caterpillar 136-ton dump trucks. “The investment project valued at over 400 million rubles will allow the company to reach its business plan of 18.8 million cubic meters of rock. Taking into account new machines, by the end of the year we will have 30 dump trucks…Details
The Dobropolye Central Processing Factory has set an absolute record of monthly output in its 65-year history. In August the factory processed 377 thousand tons of coal. This year the enterprise intends to process over 4 million tons of coal. “This record has been made possible by the operation of all the employees as well…Details
The Donetsk Works of Aluminum Sections, situated in the Russia-supported terrorist-occupied territory, has started producing aluminum wire rod. “The works main customers are machine-building, trade and construction companies”, the so-called acting minister of industry and trade Alexei Granovsky declared. At present the company is the largest producer of aluminum sections with coating in the area.…Details
The Volynskoye Mine Group of the state enterprise Torezantrazit in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, has put into operation a new horizon. The reserves of the first horizon are running low. The second has the reserves of 10 million tons of anthracite, which will be enough for…Details
In January-August Russia increased raw and powder gold output by 8.7% YoY.
According to Rosstat, in August output increased by 8.2% YoY and by 11.4% MoM. (Ukrainian metal)
In October prices of low-carbon steel metal wares are expected to increase by 1-2 thousand rubles per ton.
In particular, price of bolts and nuts will increase by 10%, sheet-metal screws of Russian and Belarus make – by 2-3%.
Chinese fasteners, expected in November-December, will be 10-15% more expensive. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has put into operation a site to produce welded beams. The organization of the new manufacture will increase the company product range for construction. The first batch of products will be shipped to customers in late September. With the new site put into operation, ChMK becomes the only company in…Details
The new-generation electrometallurgical plant NLMK-Kaluga has produced the 3-millionth ton of rolled metal.
The company capacity is 1.5 million tons of steel and 0.9 million tons of rolled metal per year.
In just half a year after being put into operation the plant reached its maximum capacity. (Ukrainian metal)
Severstal will supply 8 thousand tons of bridge steel to Borisovka Works of Bridge Metal Structures. The metal will be used in the construction of a bridge on the Karamyshevskaya Naberezhnaya Street in Moscow. The hot-rolled sheets will be produced at the 2800 mill of Cherepovets Iron and Steel Works and shipped via railroad by…Details
Evraz intends to increase coking coal output at its Raspadskaya-Koksovaya mine. In 2-3 years output is expected to grow 1.5-fold, from 0.65 million tons planned for this year to 1 million tons. The goal of the company is to completely cover the need of its metal works in raw materials. As of September 19, output…Details
Energomashspetsstal has produced and shipped 8 support rolls with the total weight of 239.85 tons to ArcelorMittal Temirtau (Kazakhstan). The rolls will be used in 1700 hot-rolling mill, as well as 1400 and 1700 cold-rolling mills. 2 more support rolls with the total weight of 49.09 tons have been sent to AM Liege. ArcelorMittal Belval…Details
The state enterprise Selidovugol has signed 2 agreements with Universal Invest-Stroy LLC for the delivery of 386 thousand UAH worth of pit props. The company will have to supply 71 cubic meters of props of coniferous wood with the diameter of 10-20 cm and length of 2-4 meters, as well as 66 cubic meters of…Details