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The deposits of rare-earth metals Kutessai-II and Kalesai were repeatedly put up for tender, the website of the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the tender commission has established the amount of payment for the right to use the subsoil of the object of the tender in the…
DetailsNornickel 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…
DetailsU.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.…
DetailsProduction 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…
DetailsInterpipe 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…
DetailsAccording 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)
DetailsInterpipe 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…
DetailsIn 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…
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