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In Q3 Metalloinvest produced 10 million tons of iron ore concentrate and sinter ore, down by 0.9% QoQ, mostly because of scheduled repairs. Pellets output totaled 6.3 million tons, up by 0.9% QoQ. HBI manufacture dropped by 4.8% QoQ, to 1.7 million tons, because of the repair of HBI complexes Nos. 1 and 2 at…
DetailsRussian metals giant Norilsk Nickel is ready to return to the development of the Bugdainskoye deposit in the Zabaikalsky region if molybdenum prices grow significantly, Sergei Dyachenko, first vice president and chief operating officer, declared. “We have done almost everything we could on the Bugdainskoye deposit. We have a project, a positive conclusion of the…
DetailsUkraine’s coal industry can cover only 71% of the country needs, thus in 2016 Ukraine had to import 17 million tons of coal. Ukraine is an energy dependent country. The coal shortage is compensated for by imports at 27%, gas – 33%, oil and condensate – 19%, oil products – 77%, and nuclear fuel –…
DetailsMetinvest B.V. has started reselling a part of metal manufactured by Dneprovsky Iron and Steel Combine, which it receives as payment for raw materials, supplied previously and being supplied still. According to Maxim Zavgorodniy, the executive director of ISD, the owner of DMK, the works supplies only a part of its products to clear debts.…
DetailsBlack Iron intends to use loans, including from EBRD, to construct Shimanovskoye Mining and Processing Works. “Recently the bank has decided to invest $350 million into ArcelorMittal Kirviy Rih, which is close to our deposits”, the company said. The first stage of construction presupposes the GOK capacity of 4 million tons per year, and the…
DetailsIn January-September Chelyabinsk Pipe Rolling Works received 825.92 million rubles of net losses as opposed to 3.529 billion rubles of net profit in 9 months of 2016. According to the company statement, its earnings increased by 7.4%, to 78.686 billion rubles, sales profits dropped from 9.784 billion rubles to 4.75 billion rubles, gross profit –…
DetailsThe new owner of Dneprometiz is now its previous owner, TAS Group owner and ex-vice-prime minister Sergey Tigipko. After the sale by Severstal of its 100% on Dealzone Holding Ltd, owning 98.6% in Dneprometiz, there have been changes in the board of directors. Andrei Ryzhov and Vitaly Palabugin, representing Severstal, resigned. Instead of two more…
DetailsA resident of Min-Kush village died in an old mine in Dzhumgal district of Naryn region, the Ministry of Emergency Situations of Kyrgyzstan reported. According to it, a 61-year-old villager illegally mined coal in the old mine near Ak-Ulak field. The tunnel of the mine collapsed. Rescuers of the Ministry lifted the body from a…
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