Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week. With estimated refined production capacity of 10,000 tonnes per year, the company plans to develop its newly-acquired…
DetailsBusiness Line reported that Enforcement Directorate has attached assets worth INR92 crore of SPS Steel Rolling Mills and others under Prevention of Money Laundering Act, 2002 in a bank fraud case. The attached assets consist of shares of an entity owning five-star hotel, three luxurious apartments, an office building and 0.33 acres of land. ED…
DetailsShipments at zero duty from FTA countries have shot up by 67% in April-July 2019 against a 58% increase in the same period last year (April-July 2018). KOLKATA: A sharp increase in steel imports from partner countries under Free Trade Agreements (FTA) last month has sent alarm bells ringing, with local mills approaching New Delhi…
DetailsIn August pipe exports from Ukraine decreased by 33.5% MoM, to 46 thousand tons valued at $44.9 million, down by 36.8%. According to the State Fiscal Service, USA imported the most of seamless pipes – 30.32%. At the same time the country share in January-August decreased almost by half, from 66.2%. In January-August Ukraine exported…
DetailsUntil the end of the year Sibir Coal Power Company (SUEK) intends to export over 50 million tons of coal. “The launch of the Sila Sibiri gas pipeline will not affect our exports to China. Coal consumption is growing all over the Asian-Pacific Region, and China is not the main player. It’s one of the…
DetailsAmong the hotly debated topics at Fastmarkets’ seventh annual Asian Nickel Conference in Jakarta, Indonesia, this week was whether or not increased nickel ore shipments from the Philippines would be able to offset the supply gap that will arise once Indonesia halts exports of the material from next year. The majority of conference delegates were…
DetailsNadezhdinsky Iron and Steel Works has started exporting steel to be used in the manufacture of pressure cylinders to European plants. In Q2 exports exceeded 2 thousand tons. “A trial batch of 66 tons was shipped in April. The customer carried out tests, saw the quality and started placing orders. In September-October we have to…
DetailsCherepovets Iron and Steel Works has started constructing a plate-straightening machine No. 4. The cost of the investment project exceeds 1 billion rubles. The company plans to increase high-quality steel output to 10 thousand tons per year. The new machine is expected to reach its design capacity in Q1 2020. (Ukrainian metal)
DetailsElectrostal Tyumeni has mastered the manufacture of new metal products – angles No. 4 with flanges of 5, 4 and 3 mm made of carbon steel. A trial batch has already been shipped to the customer. The company continues mastering new products. In particular, in September-October it plans to start producing equal angles Nos. 3…
DetailsThe Verkhovna Rada of Ukraine has approved a draft decree to implement licensing of uranium mining by the State Inspection of Nuclear Regulation. The draft decree has been backed by 293 members of the parliament. Now only processing and transportation of uranium ores are licensed. (Ukrainian metal)
DetailsMariupol Ilyich Iron and Steel Works and Azovstal have successfully passed the SASO certification audits necessary to continue exporting metal to Saudi Arabia. The audit showed that the companies were controlling the quality when fulfilling orders. The SGS Ukraine representatives inspected the steel manufacture, as well as documents to produce metal and make samples. Metinvest…
DetailsAgency of the Far East on attracting investments and export support and Ozernaya Mining Company LLC have agreed to construct until 2023 an enterprise to mine and process lead and zinc ores and produce zinc and lead-silver concentrate in the north of the Republic of Buryatia. On the basis of the polymetalic ores deposit of…
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