Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, may acquire global depositary receipts (GDRs) from minority shareholders for $118 million with own funds in the framework of a planned delisting from the London Stock Exchange (LSE), CEO Nikolai Zelensky said. Earlier Nordgold confirmed its LSE delisting plans and said it had offered to…Details
Transnet Engineering LTD from the South African Republic is interested in buying steel in Ukraine. “According to the Ukrainian embassy in SAR, the company is looking for suppliers of steel to be used in the manufacture of 3200 containers for the coal transportation”, the Ministry of economic development and trade reported. It should be noted…Details
In 2016 Ukraine exported 37.7 million tons of iron ore raw materials, down by 7.8 million tons YoY. According to the state enterprise Ukrpromvneshexpertisa, the largest drop in exports was to China – by 9.6 million tons. This market is the farthest and the less competitive for Ukrainian suppliers. On the other hand, Serbia and…Details
In January Yenakievo Iron and Steel Works, a part of Metinvest, produced 173 thousand tons of rolled metal, down by 1.1% YoY. Steel output increased by 15.2%, to 189 thousand tons, of pig iron – by 9%, to 173 thousand tons. In December 2016 the company produced 160 thousand tons of rolled metal, 154 thousand…Details
Novolipetsk Iron and Steel Works has started testing three dust extraction systems in its sinter shop, which produces 15 million tons of raw materials for pig iron manufacture annually. The project will decrease dust emission by the sintering factory by 3.3% and will enable the company to use the dust in the manufacturing process. Dust…Details
Chelyabinsk Pipe Plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program. The exchange-traded bonds are structured according to the classical scheme with a 182-day coupon period and bullet repayment at the…Details
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announces that the English court has sanctioned the scheme of arrangement to implement its financial restructuring. Following a court hearing on January 17, the English court ordered that separate meetings of (i) the holders of certain notes issued by the…Details
On February 8, Lvivugol received 12.9 million UAH to buy equipment and modernize its mines. The major part of money will be invested in the modernization of Vidrodzhennya, Lisova and Stepova mines modernization to increase coalmining. This year Lvivugol announced it planned to increase coal output by 2.2% YoY, to 1440 thousand tons. As of…Details
In 2016 Izhstal, a part of Mechel, increased stainless steel output 2-fold YoY. Stainless steel production totaled 16.5 thousand tons. Continuous cast billet accounted for 19% of all steel produced, its output having increased 3-fold YoY. Stainless ingots manufacture went up 1.8-fold. At present the company is capable of producing 250 nickel-containing stainless steels and…Details
In 2016 Yakutia mined 23.653 tons of gold.
The annual target was 23.5 tons of gold. The decrease of the target is explained with the planned indexes of local gold-miners.
This year Yakutia expects to mine 22-23 tons of gold. (Ukrainian metal)
In 2016 Kazakhstan produced 74.6 tons of unwrought and semi-wrought gold, down by 17.1% YoY. The share of fine gold made more than half (37.7 tons) of the produced precious metals. Kazakhstan has observed intensification of gold production in recent years. In 2013 annual growth made 6.6%, in 2014 – 18% and in 2015 –…Details
Miners on the Ukraine-uncontrolled territories of Donbass receive salary via the bankcards of the state Oschadbank. “The anthracite coal, supplied from the ATO zone, is mined at Ukrainian enterprises, registered on Ukrainian territory, and from the ground, belonging to Ukraine. All of the miners there – around 50 thousands of them – are also registered…Details
The decision to stop buying coal from the uncontrolled territories of Donbass will lead to the necessity to buy it directly from the actual aggressor – Russia, at the price far exceeding local. “The needed 9-10 million tons of anthracite is a minus of $0.9-1 billion to the foreign trade. But what is more important…Details
The Individual Deposit Guarantee Fund will hold a second auction to sell the assets and land of the Ivano-Frankovsk Fittings Works. The starting price has been decreased by 8 million UAH. The assets, land, a sanatorium and a resort in the Carpathian Mountains have been loaned to the Brokbiznesbank. The debt of the works to…Details
The State Committee on industry, energy and land believes that the ban to export precious metals ore stimulates mining companies to build gold-mining factories in Kyrgyzstan. The Ministry of economy wants to impose an export duty on precious metals ores. But according to the deputy minister Bakkeldi Tyumenbayev, when the country entered the Eurasian Economic…Details
In January ferrous scrap deliveries via railroad to Russian metal and pipe works totaled 0.73 million tons, down by 30.8% MoM.
At the same time deliveries increased by 55.4% YoY, to the maximum for the last 7 years. (Ukrainian metal)
In 2016 Zaporozhye Iron Ore Complex produced 4512.2 thousand tons of ore, down by 4.03% YoY, or by 189.3 thousand tons. According to the company statement, in 2016 it shipped 4494.5 thousand tons of iron ore raw materials. Investment project in 2017 will reach 800 million UAH. In 2015 ZZhRK received 232.085 million UAH of…Details
In January Ukrainian mining companies exported 2.542 million tons of iron ore raw materials (IORM) valued at $189.171 million, down by 28.1% but up by 76.3% YoY respectively. According to the State Fiscal Service, China was the largest importer of IORM (18.74%), followed by Poland (13.39%) and Austria (12.72%). IORM imports in January totaled 72.299…Details
In 2016 Olenegorsk Mining and Processing Works, a part of Severstal produced 4.1 million tons of concentrate and shipped it to the Cherepovets Iron and Steel Works. “For the first time in our history we were able to considerably improve the quality of our products. In particular we have increased the Fe contents in the…Details
In 2016 Russia produced 10.065 million tons of pipes, down by 11.5% YoY. According to the Federal Service of State Statistics, seamless pipes output dropped by 2.6% YoY, to 3.327 million tons, small and medium-diameter electric-welded pipes – by 3.6%, to 3.658 million tons, LDP – by 27.2%, to 2857 million tons. All other welded…Details
Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…Details
The prosecutors suspect the managers of the state enterprise Selidovugol and Techprom LLC in the abuse of office that could have lead to the purchase of used and broken machinery and equipment. Selidovugol ordered Techprom the delivery of 17 mechanical fasteners valued at 1.99 million UAH for Kurakhovskaya mine in 2016. In late 2016 Techprom…Details
The key Ukrainian pipe enterprises cut ferrous pipe production by 0.5% in 2016, to 848,000 tons. A total of 67,000 tons was made in December 2016. The Ukrtruboprom association reported that the association’s enterprises cut pipe output by 10% in 2016, to 552,300 tons, making 44,700 tons in December 2016 alone. Ukrtruboprom said that Khartsyzsk…Details
Railroad transportation of coal in January increased by 20.7% YoY, to 12.99 million tons, with exports up by 20.8%, to 12.99 million tons, and imports down by 75%, to 2.85 thousand tons. Export deliveries to the port of Vostochny via railroad in January totaled 2.75 million tons, up by 12.5% YoY. Port of Vanino received…Details
In 2016 Metinvest enterprises produced 29.64 million tons of iron ore concentrate, down by 8% YoY.
Pellets output decreased by 8% YoY, to 6147 thousand tons, because of the increase of local consumption. (Ukrainian metal)
Th European Commission decided not to prolong the antidumping duty on the import of steel ropes originating from Ukraine and Moldova that has been in effect since 1999.
In January 2016 EU decreased the duty for Stalkanat-Silur ropes from 51.8% to 10.5%. (Ukrainian metal)