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The State Property Fund of Ukraine intends to sell 68.01% of shares of Zaporozhye Aluminum Works in early 2018. ZALK is Ukraine’s only primary aluminum manufacturer. SUAL became the owner of the works in 2004. In 2007 Rusal took over the control. After long trials the court cancelled the sale-purchase agreements and returned 68.01% of…
DetailsRussia’s gross domestic product (GDP) growth, domestic demand recovery, higher steel prices and the stabilization in consumer confidence will help strengthen the country’s steel industry in 2017-2018, Moody’s said in a report on October 25. “We expect that steel demand in Russia will remain healthy on the back of the continuing GDP recovery, while average…
DetailsIn January-September Kazakhmys produced 169.4 thousand tons of copper cathodes, up by 3.7% YoY. Average copper contents in ore were 0.99%, up from 0.95% in January-September 2016 and by 8.1% from the target. Factories processed 21.8 million tons of ore. In 2016 Kazakhmys produced 225.657 thousand tons of ore, up by 2.5% YoY. (Ukrainian metal)
DetailsSteel consumption in Russia in 2017 will grow by 5-7% YoY, to 40 million tons, Severstal believes. According to the group corporate strategy director Anton Laptev, the main driver will be investments in the local GDP. At present their share is below 20%, but has to be at least 25%. Steel consumption was at its…
DetailsThe state enterprise Mirnogradugol has ordered the Zakhystprom trade LLC the delivery of self-rescuers and regenerative charges valued at 27.1 million UAH. In particular the company has to supply 2500 self-rescuers and 1 thousand charges. According to the agreement, self-rescuers cost 9.5 thousand UAH apiece, and charges – 3.34 thousand UAH. At the same time…
DetailsThe general manager of Nikolaev Alumina Works Dmitry Mirny has informed the employees of the change of the owner: the Swiss Glencore buys the plant from Rusal. “We expect a visit of Glencore specialists soon. According to our information, Rusal is negotiating retaining alumina supplies with Glencore”, he said. “All the rights of the employees…
DetailsIn January-September Zagorsky Pipe Works shipped 83 thousand tons of large diameter pipes to its customers, with half of this volume supplied in Q3. Pipe sales in 9 months increased 5-fold YoY. In July the company shipped 7 thousand tons of pipes, in August – over 13 thousand and in September – more than 26…
DetailsTwo gold deposits are put up for auction in Kyrgyzstan, the State Committee of Industry, Energy and Subsoil Use reported. Forecast resources of Kyzyl-Tash deposit in Jalal-Abad region of Ala-Buka district of P1 category are 3.2 tons with a gold content of 5.04 grams per ton. The starting price is $62,200. Ishakulidinskoye field in Jalal-Abad…
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