Severnoye Olovo, controlled by tycoon Roman Abramovich’s Millhouse, has returned a license for the development of Russia’s largest tin deposit Pyrkakai to the government for it has decided not to develop the deposit. The Pyrkakai deposit, located in the Chukotka Autonomous District, is the fourth largest tin deposit in the world with reserves amounting to…
DetailsThe Federal Antimonopoly Service of the Russian Federation has denied the claim of Seligdar to purchase up to 75.01% of the voting shares in the tin-mining company Rusolovo. Seligdar applied to the service in October 2016, stating that as the result of the deal it would own 100% in Rusolovo. But the FAS declined the…
DetailsThe Cabinet of Ministers of Ukraine has simplified the procedure of scrap export registration and canceled the decree on the registration. This will liberalize foreign trade and eliminate old obstacles. “The decision cancels the red-tape procedure of contract registration, opening the free scrap exports, improving the business climate in Ukraine and decreasing corruption risks”, the…
DetailsThe Pipe Metal Company, one of the world’s largest pipe producers, has sold TMK-Chermet for 6.2 billion rubles. “This sale has decreased our net debt”, the company said in a statement. The deal will not result in the change of the supply system. “TMK will still receive scrap under competitive market conditions”, the statement reads.…
DetailsBoard of directors of Shubarcol komir appointed Kemal Usmanov the president of the company. Since 2003 Usmanov has been the deputy director of Kazmarganets Ore Group, and then till 2012 its director. From 2012 till January 2013 he has served as the director of the Don Mining and Processing Works. In October 2016 he has…
DetailsIn 2016 Ukrainian metal companies increased electricity consumption by 0.02% YoY, to 28.76 billion kW-h.
According to the Ministry of energy and coal industry, machine-building companies increased electricity consumption by 0.2%, to 3.676 billion kW-h, while chemical companies consumed 2.968 billion kW-h of electricity, down by 3.8%. (Ukrainian metal)
Metinvest Group’s iron and steel works launched production of 49 new products last year. The rolled plate segment accounts for most of new 18 product items, and the rolled coil segment for 16 products. Furthermore, production of 15 new sizes of rolled long products and sections came on line in 2016. Metinvest’s enterprises produced new…
DetailsIn 2016 Magadan region mined 27.9 tons of gold instead of 27.5 tons of the project target. “We have around 28 tons of gold, and this greatly increases our target indices. This will allow us to improve economic situation in the region and make our social support and sports construction programs more real”, the region…
DetailsIn 2016 TMK shipped a total of 3,440 thousand tons of tubular products, down by 11.2% YoY. The decline was mainly due to lower welded pipe sales. Seamless pipe shipments remained almost flat YoY at 2,399 thousand tons. Welded pipe shipments were 1,042 thousand tons, down by 28.7% YoY, mainly due to lower output across…
DetailsIn January-December 2016 Russian seaports handled 721.7 million tons of cargo (up by 6.7% YoY), says the press center of Association of Commercial Sea Ports. Transshipment of dry bulk cargo totaled 335.8 million tons (+7.5%) including 136.3 million tons of coal (+10.5%), 28.2 million tons of ferrous metals (+7.8%), 8.7 million tons of ore (+29.6%),…
DetailsRussia’s Vnesheconombank (VEB) plans to use about $100 million of the National Wealth Fund’s money in 2017 to finance pre-front end engineering and design (pre-FEED) works at the Udokan copper field, VEB CEO Sergei Gorkov reported. “The supervisory board has approved it, it was done rather a long time ago. This is not a large…
DetailsUkrainian Prime Minister Volodymyr Groysman has proposed not to run lower than the current coal stocks at warehouses of thermal power plants (TPPs), in the amount of 1.9-2 million tons, the government’s press service has reported. “I want that each person has guaranteed quality of power supplies in their houses. 1.9-2 million tons is the…
DetailsZaporizhstal has completed the disassembly at the blast furnace No. 3 reconstruction site. The total weight of the structures disassembled exceeded 12 thousand tons. “In 60 days we have completely disassembled the structures of the old furnace and freed the site to start construction”, Zaporizhstal CEO Rostislav Shurma said. Investments in the project amounted to…
DetailsIn 2016 Kemerovo region mined 227.4 million tons of coal, up by 5.4% YoY, including 145.1 million tons from open-pit mines. Coking coal amounted to 65 million tons, up by 3.3% YoY. SUEK-Kuzbass increased coal mining by 7.7 million tons, Kiyzassky mine – by 3.9 million tons, Novokuznetsk site of the Raspadskaya Coal Company –…
DetailsIn 2016 Ukraine imported 3.992 million tons of aluminum ore and concentrate valued at $155.15 million. According to the State Fiscal Service, the major suppliers of aluminum ore were Guinea – $94.9 million, or 61.17% of the total volumes, Guyana – $40.21 million, or 25.92%, and Brazil – $10.33 million, 6.6%. Other countries supplied $9.7…
DetailsIn 2017 Vysochaishy (GV Gold) intends to sell 5 tons of gold to Lanta-Bank. According to the company statement, it has concluded 2 agreements with the bank to sell 4.32 tons and 680 kg of gold ingots (99.99). The gold has to be delivered by December 31. The deal is evaluated at 11.4 billion rubles.…
DetailsIn 2017 Asha Iron and Steel Works will go on with its program to modernize its industrial capacities. In particular, the company plans to start producing a new type of rolled metal and complete the construction of the steel thermal treatment furnace, which began in December 2016. “Our other goal is to get the loan…
DetailsWithin the antidumping investigations the European Commission has started registering hot-rolled steel from Russia and Brazil. The suppliers could be hit with retroactive duties of 20-50%. The final decision will be made in October. The registration procedure is explained by the imports from the countries under question having grown since the investigation started, and only…
DetailsFirefighters have extinguished the fire at one of Kvazar’s shops.
The fire started, most probably, because of the explosion in the furnace to grow silicon micro crystals. Two employees received burns. (Ukrainian metal)
As of January 12, Ukrainian mining and metal companies are holding 38 cargo trains (2092 cars). “The cars are being held because the companies are unable to unload or load them”, Ukrzaliznytsia press-service reported. “In the first 10 days of January Ukrzaliznytsia supplied 47.8 thousand railroad cars for iron ore raw materials, while the companies…
DetailsIn 2016 miners of the Amur region yielded over 3.4 million tons of energy-generating coal, up by 100 thousand tons YoY. Amur coal is mined at Yerkovetsky and Severo-Vostochny open-pit mines and is supplied to Blagoveschensk thermal power plant, Raichikhinsk state district power plant and a number of housing enterprises. It was in Amur region…
DetailsIn 2016 miners of the Stepnoy open-pit mine, a part of Russky Ugol (Russian Coal), yielded over 4.2 million tons of coal, up by 4% YoY.
Last year the processing factory at Stepnoy processed 3.4 million tons of coal. In 2017 the factory will be reconstructed to increase capacity. (Ukrainian metal)