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On March 1, 2017, the occupational authorities of the self-proclaimed Lugansk and Donetsk People’s Republics, terrorist organizations created and supported by Russia, decided to transfer all the companies on the territory controlled by them to the so-called external management. As a result, Donetsk Iron and Steel Works (DMZ), Donetskstal Iron and Steel Works, parts of…
DetailsIn 2019, 5 gold deposits were discovered in the Republic of Sakha (Yakutia) in 2019. The deposit at the Tuora-Tas Brook holds the largest reserves – over 1.3 tons. The license to develop it belongs to Vostoc LLC. Dokhsun LLC estimated the reserves of the deposit at the Kener-Sala Brook at 370 kg. Three more…
DetailsElkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka…
DetailsIn 2019, Russia produced 207 thousand tons of zinc, while the consumption was 260-280 thousand tons. Thus, zinc shortage reaches 50-70 thousand tons. Kazakhstan supplies 14.84% of zinc and Uzbekistan – 2.8%. Under such conditions Chelyabinsk Zinc Works intends to increase zinc and alloy capacities. This year it is planned to produce 214 thousand tons…
DetailsNLMK-Kaluga Electrometallurgical Works has produced 5 million tons of rolled metal. The company produces some 20 types and sizes of bars and shapes. The main customers are construction companies, mostly from Moscow and Moscow region. At present NLMK-Kaluga produces steel angles (25×4 mm, 40×4.5, 50×4-5, 63×5-6, 75×5-9, 90×6-8 and 100×7-8 mm) and channels (50, 65,…
DetailsIn January-February, Interpipe Steel increased steel output by 4.8% YoY, to 138.2 thousand tons. In February, the company produced 72.9 thousand tons of steel, up by 11.6% MoM. Last year Interpipe Steel increased steel output by 4.2% YoY, to 854.5 thousand tons. (Ukrainian metal)
DetailsMechel is mulling the sale of Elga coal complex as a part of planned debt restructure. The company has been negotiating with a potential buyer since January. So far, no legally binding agreements have been concluded. In late January, it was reported that Yota wanted to buy the Elga coal deposit from Mechel and Gazprombank.…
DetailsDue to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24 in the format of…
DetailsThe net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…
DetailsImposition of a duty on Russian coal will have a positive impact on the Ukrainian coal industry, Acting Minister of Energy of Ukraine Vitaliy Shubin has said. “The government is taking steps to resolve the situation in the energy market. In particular, the Cabinet of Ministers adopted a resolution on the introduction of a special…
DetailsIn January-February, Ukraine increased steel output by 0.4% YoY, to 3.553 million tons. Rolled metal output grew by 7.3%, to 1.68 million tons, but that of pig iron dropped by 4.6%, to 3.14 million tons. Iron ore concentrate manufacture increased by 3.4%, to 10.547 million tons, but that of sinter fell by 0.3%, to 5.137…
DetailsIn January-February, by-product coke plants imported 1.31 million tons of coking coals and coal concentrate, down by 30% YoY. Deliveries of Ukrainian coal to domestic metal companies totaled 700 thousand tons, up by 53% YoY. By-product coke plants received 2.01 million tons of coal, down by 14%. The share of imported coal was 65.2%, down…
DetailsThe Nordgold SE board of directors decided to sell the Zun-Kholba deposit in the Republic of Buryatia. The sale is expected to take place until the end of the year, and the company has already carried out negotiations with some buyers. As of December 31, 2019 the balance cost of the deposit was $25.1 million.…
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