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The minister of energy and coal industry Igor Nasalik acknowledged that the so-called Rotterdam+ formula didn’t resolve the issue of the energy-generating coal deliveries. Earlier energy expert Andrei Gerus said that the formula didn’t live to its expectations. “Deliveries from LDPR haven’t ceased, we are still dependent on them. The heating season is again under…
DetailsOn January 10, the state enterprise Vostochny Mining and Processing Works announced the trading house Eco-Service the winner of the tender to supply 63.98 million UAH worth of sulfur. By October the company will have supplied 16 thousand tons of 99.98% granulated sulfur at 3999 UAH per ton. In March 2016 the works bought this…
DetailsOn January 11, the town of Avdiivka was again shelled; one of the two remaining electricity lines was damaged. According to Avdiivka Coke and Chemical Works CEO Musa Magomedov, the company halted on December 8, 2016. The next day the works started receiving electricity from 2 lines. (Ukrainian metal)
DetailsDebts of the bankrupt Zlatoust Iron and Steel Works are being sold with a record-high discount. The right to demand debts of Metallurg-Resurs to ZMZ valued at 1069 million rubles is offered for 690 thousand rubles. Another lot valued at 120 thousand tons is for the right to demand debts at 152 million rubles. Metallurg-Resurs…
DetailsIn 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased iron ore pellets sales by 3.5% YoY, to a record of 11.7 million tons, while output dropped by 4% YoY, to 11.2 million tons. According to the company statement, the annual production of 65% Fe content pellets also hit a record, increasing by…
DetailsShareholders of the Severniy Mining and Processing Works intend to allot the net profit received in 2014 and a part of retained earnings from the previous years. This will be the issue of the meeting scheduled for January 30. The shareholders will also discuss dividend issues. In 2014 SevGOK received 1545.665 million UAH of net…
DetailsA batch of ferrous rolled metal produced at Magnitogorsk Iron and Steel Works has been successfully shipped from the Aktau Sea North Terminal (Kazakhstan). The first lot to Iran was shipped by KTZ Express. “The multi-modal transportation development project, that has connected railroad, sea transportation and logistics, will increase the transit-transport potential of Kazakhstan, as…
DetailsAzerbaijan is closing down its Steel Production Complex. Azerbaijani Steel Production Complex was created in April 2013 to design, construct and manage the steel-manufacturing works. The complex had to deal with ore mining through steel-smelting. By 2018 Azerbaijan also planned to have created several works and shops to be managed by the complex, in particular…
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