Russian oil and gas pipe producer TMK will place $500 million of 7-year dollar-denominated Eurobonds at a yield of 4.3%, a financial source reported. Demand for the Eurobonds exceeds $1.6 billion, the source said earlier. The initial yield guidance stood at 4.75% and was lowered to 4.3-4.35% during bookbuilding. On January 31 – February 4,…Details
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In 2020 Vorkutaugol investments will amount to 6.7 billion rubles, up by 20% YoY. Some 2.8 billion rubles will be spent to modernize the fleet of mining and coal-processing machinery. Preparation of rock excavation will receive 1.3 billion rubles. Projects in the sphere of industrial safety will see over 640 million rubles of investments. IT-projects…Details
In February two 240-ton BelAZ dump trucks will start operating at the Stoilensky Mining and Processing Works quarry. The new machines have been purchased under a program to increase ore mining and processing to 43 million tons per year. They will be able to do the amount of work of three 136-ron trucks. Average daily…Details
Poland’s state companies will no longer buy coal in Russia, State Asset Minister Jacek Sasin declared on February 6. “I can say that I have completed negotiations with the executives of state companies on the issue and they will no longer import coal. I can say that this is not only about Russian coal. It…Details
The Eurasian Economic Committee has decided to extend the 26% antidumping duty on Ukrainian steel rolls for metal-rolling mills till February 28, 2022. The protection measures are aimed at the imports of Novokramatorsk Machine-Building Works products. This is the fourth time the duty has been extended. It was initially introduced in December 2011. (Ukrainian metal)Details
At the demand of the supplier – the power company Ukrenergougol – the electricity supplies to the state enterprise Yuznodonbasskoye Mine Group No. 1 will be completely halted. This will happen on February 13. “The complete cut off grid of the state enterprise will result in flooding of the mines and grave consequences”, DTEK, the…Details
The authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, acknowledged there were delays in paying salary, especially in mining and metal industries, in late 2019 and early January. According to them, the main reason is that the world does not recognize the “republic”. Moreover, the ongoing military activity,…Details
The Cabinet of Ministers has sent 169 million UAH to clear salary debts to Lisichanskugol and Pervomaiskugol. In December 2019, the Prime Minister Alexei Honcharuk acknowledged salary debts to miners. As of December 12, 2019 they reached 1.072 billion UAH. This year the state budget envisions 3.5 billion UAH to support the coal industry. (Ukrainian…Details
The centrifugal casting shop of Krasniy Octyabr was commissioned in 1970. On February 2,1970 the furnace No. 3 made the first smelting. The electric arc furnace No. 3 is the only furnace at Krasniy Octyabr producing centrifugal castings and forging ingots. The shop employs some 70 people. (Ukrainian metal)Details
In January Lebedinsky Mining and Processing Works produced the 750-millonth ton of iron ore concentrate with the iron content of 69.5%. The first ton was produced in November 1972, when the first stage of the processing factory was commissioned. At that time its capacity was 7.5 million tons of ore per year. The 700-millionth ton…Details
In 2020 Rusal will spend 5.2 billion rubles to modernize Sayanogorsk and Khakassk Aluminum Plants. The HAZ foundry department and SAZ electrode manufacture will see the largest projects. In particular, a raw aluminum purification system will be installed in the 10-ton ladles at HAZ. SAZ will modernize its anode pelletizing furnaces. The program will be…Details
In January Zaporizhstal produced 399.9 thousand tons of pig iron, 338.3 thousand tons of steel and 292.3 thousand tons of rolled metal. Pig iron manufacture grew by 8.1% YoY. At the same time steel and rolled metal output decreased by 4.5% and by 1.2% respectively. (Ukrainian metal)Details
In November 2019 Russia exported 2.5 thousand tons of titanium, up by 4% MoM and by 7% YoY. Deliveries to the US grew from 703 to 715 tons, while to Germany dropped from 613 to 605 tons. In 11 months of 2019 exports totaled 25.8 thousand tons, down by 1% YoY. In monetary terms exports…Details