Russia: Norilsk Nickel to decide on participation in Baimsky project 2017

Mining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…

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Ukraine: ferrous metals export-import in January-August 2017

In January-August Ukraine increased ferrous metals export revenue by 16.2% YoY, to $5.48 billion. According to the State Fiscal Service, ferrous metals accounted for 19.93% of the total exports, down from 20.76% in January-August 2016. In August Ukraine exported $732.55 million worth of ferrous metals, up from $667.7 million in July. In 8 months Ukraine…

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Russia: Rashnikov sells 3% in MMK

Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…

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Ukraine lacking gas coal

The minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…

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Ukraine: Zaporizhstal remechanizing loco fleet

Zaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…

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Ukraine: pellets exports in January-July 2017

In January-July Ferrexpo exported 5.87 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 4.705 million tons of pellets, while Yeristovo GOK – 1.165 million tons. At the same time Karelsky Okatysh exported 2.875 million tons of pellets, Mikhailovsky GOK – 2.148 million tons, Lebedinsky GOK (all three – Russia)…

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