Separatists from the so-called Donetsk and Lugansk People’s Republics are trying to sell coal from DTEK mines at half-price. “We’re negotiating with our prospective customers who could buy our coal – Turkey, Spain. We consider it our coal, but stolen. When we left there were some 450 thousand tons of coal at Sverdlovantrazit and Rovenkiantrazit”,…Details
Chepets Mechanical Works, a part of TVEL, has started producing large ingots of heat-resistant alloys on the basis of VIT-1 and VTI-4 titanium intermetallides. The company can now produce large ingots with the diameter of 450 mm and the weight of 1480 kg for aviation industry. In 5 years ChMZ started producing ingots and semi-finished…Details
Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate.
In May the works produced 125 thousand tons.
The company management expects it to reach its target capacity in summer. (Ukrainian metal)
In January-May Kamensk-Uralsky Iron and Steel Works produced 47 thousand tons of aluminum, up by 4 thousand tons YoY. At present the company is constructing a new rolling complex, which produced 2 thousand tons of aluminum in May. This year will see the construction of the second stage of the hot-rolling mill. The first products…Details
Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…Details
Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial director Dmitry Spatar, the situation when Ukrzaliznytsia is not renewing trains threatens the transportation process. Companies can invest in trains in case…Details
The Ministry of energy and coal industry reports that in April the prime cost of coal at state mines increased by 13.8% MoM, or by 384.1 UAH per ton, to 3159.67 UAH per ton. The prime cost of coal is 45.7%, or 1443.17 UAH per ton, more than its average sale price (1716.5 UAH per…Details
DTEK Mine Group named after Space Heroes has put a new 1120 long face into operation. Its reserves are estimated at 226 thousand tons of gas-coal. This coal is used by the thermal power plants. The reserves will be enough till September. This is the second long face put into operation by DTEK Space Heroes…Details
The Lenzoloto board of directors, a part of Polyus, suggests its shareholders to spend 11.884 million rubles to pay dividends for 2016. It is suggested to pay 34.18 rubles per premium share and pay nothing for ordinary shares. The registry of shareholders entitled to dividends will be closed on July 11. The final decision on…Details
In 2016 Zhayrem Mining and Processing Works received 6.1 billion tenge of net profits, down 1.9-fold YoY. The company EBITDA dropped by 27.3%, to 7.28 billion tenge, while gross profit increased 6.4-fold, to 11.2 billion tenge. Its assets increased by 7.7%, to 30.7 billion tenge, while liabilities dropped by 29%, to 6.3 billion tenge. Zhayrem…Details
Rechitsa Iron and Steel Works has been providing hot-galvanizing services for over 6 years. The company is able to cover metal structures (12500x1500x2500 mm) and pipes (4000-8200 mm long, with ½-4” diameter) with 40-250 micron coating. The works also galvanizes its own products. “Our galvanized bolts have been spotted on German machinery. Now we export…Details
In 2016 the share of stainless steel imports decreased to 40.3% from the record of 86.5% in 2007, while the seamless stainless pipes imports dropped to 33.5% from its highest in 2010 (63.8%). According to the Pipe industry development fund director Igor Malyshev, the decrease of imports resulted in the creation of pipe capacities in…Details
Even if the scrap export duty is prolonged, Ukraine will still suffer from the raw material shortage. “There will be a shortage anyway. But there is a difference: 200 thousand tons of shortage at 30 euro per ton duty and 800 thousand tons of shortage if the duty is not prolonged”, Ukrmetallurgprom president Alexander Kalenkov…Details
Evraz and the Russian Railways have signed a memorandum on cooperation. According to the document Evraz will increase output of 100-meter rails. An additional manufacturing line will be assembled at Evraz ZMSK. And railroads will provide rolling stock to take all the rails produced. The memorandum creates the basis for the signing of a new…Details
In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…Details
The price of coal, delivered from DTEK mines in Russia, is $95 per ton, while that from the South-African Republic is $100 per ton. According to the acting CEO of DTEK Energo Dmitry Sakharuk, in April the company received 35 thousand tons of coal from Russia, with 85 thousand tons in May. In June DTEK…Details
The Ministry of Trade and industry of Egypt has imposed temporary duties on the imports of rebars from Ukraine, China and Turkey for 4 months. According to the ministry, the duty for Ukraine is 15-27%. “The decision was taken after an investigation at the request of the local manufacturers who could not compete with the…Details
The court has denied the request of the State Geology Service to cancel the Carpathian Ore Company license for the Muzhievskoye gold deposits in Zakarpatye region. The company received the license to mine gold in 2012. In 2014 the prosecutors found violations in the operation of the company and the service stopped the license and…Details
In January-May railroads transported 11.86 million tons of ferrous metals, down by 0.3% YoY, including 11.57 million tons for export, down by 2.1%, and 287.84 thousand tons for import, up 3.9-fold. Export transportation to the port of Novorossiysk totaled 4.59 million tons, down by 7.6% YoY, to St. Petersburg port – 2.4 million tons, up…Details
Severstal will supply 17.7 thousand tons of rolled metal to the shipbuilding works Zvezda: steel sheet with the width of 3 meters and the length of 12 meters. The tender was won by Severstal Distribution. The company already has experience of supplying metal via railroad to the Far East. All the metal will be produced…Details
The ChTPZ group will supply a batch of seamless stainless pipes for Belenergomash-BZEM. The pipes will be produced at Chelyabinsk Pipe Works and intended for pipelines of Kudankulam nuclear power plant in India. The products will be shipped in Q3. Under the contract ChTPZ will supply 80 thousand tons of 325-426 mm diameter and 12-16…Details
In January-May Mariupol Ilyich Iron and Steel Works produced 1.102 million tons of rolled metal, up by 1.2% YoY. According to the company statement, steel output went up by 0.7%, to 1.231 million tons, while that of pig iron dropped by 1.1%, to 1.5 million tons. In May the works produced 232 thousand tons of…Details
In January-May Azovstal Iron and Steel Works produced 1.592 million tons of rolled metal, up by 22.6% YoY. According to a company representative, steel output increased by 22.7%, to 1.807 million tons, pig iron – by 25.3%, to 1.58 million tons. In May the company produced 330 thousand tons of rolled metal, 374 thousand tons…Details
Ukrzaliznytsia failed to provide the necessary throughput of the repaired Kamysh-Zarya – Volnovakha route for the stable operation of the Mariupol companies. On June 2-6 the daily throughput of the route was 16 cargo trains, far below the 24 trains promised by Ukrzaliznytsia. Thus Metinvest group had to look for alternative, and more expensive ways…Details
Talnakh Concentrator of Nornickel’s Polar Division has reached the project design parameters and capacity in line with the targets set by the modernization project. The plant’s total throughput capacity has increased by 30%, from 7.6 to 10.2 million tons of ore per year, metal losses in tailings have been reduced, while target nickel and copper…Details
SUEK has put a new long face No. 70-10 at the Taldinskaya-Zapadnaya 2 mine into operation.
The expected output is 500 thousand tons of coal per month. The reserves of the face will be enough till the end of the year.
SUEK invested over 2.3 billion rubles into the project. (Ukrainian metal)