Nikopol Ferroalloy Plant has fulfilled its duties to the National bank of Ukraine under an amicable agreement by clearing the PrivatBank debts on the refinancing loan. In May 2018 the NBU filed a claim to the Commercial Court of Dniepropetrovsk region to recover NZF assets pledged to PrivatBank to receive the refinancing loan. On August…
DetailsStoilensky, a part of NLMK Group, a global steel company, has began construction of a new stage (Stage 3) of its thickening unit, a hydrotechnical facility that dewaters the slurry, and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process. This project will enable…
DetailsUnder an investment project to reconstruct Tashtagol mine the first self-propelled machines have reached the enterprise. A drilling rig, a boring machine and a loading machine have been commissioned at the depth of 280 meters. Until the end of the year the mine will receive three more machines. Until 2021 Evraz intends to have 20…
DetailsPrime Minister Nikol Pashinyan said the operation of the Amulsar gold mine might start in Q4 2020 at the earliest, but that the most likely time frame was the first quarter of 2021. Pashinyan in a live Facebook address urged the residents of nearby settlements to unblock the roads leading to the mine. The Prime…
DetailsIn January-August Ukraine exported 4.871 million tons of carbon steel semi-finished products, up by 9.9% YoY, valued at $2.044 billion, down by 3.6% YoY. According to the State Fiscal Service, the main buyers were Italy (31.02%), Egypt (15.06%) and Turkey (7.86%). In 8 months Ukraine imported 34.471 thousand tons of semis, up by 20.7% YoY,…
DetailsKolmar could start regular sales of coking coal to India in summer 2020. “We have signed spot contracts with Indian partners. The sales could start in the first quarter of 2020 with the launch of the Vanino port. I believe, next year the exports will become regularly”, Kolmar Group board of directors’ chairwoman Anna Tsivileva…
DetailsIn June Russia imported 536 tons of tantalum, including scrap, down by 49.6% MoM and by 66% YoY. After a considerable increase in supplies China has decreased them 4-fold, to 51 tons, and Kazakhstan – by 37%, to 485 tons. In 6 months tantalum imports totaled 4.1 thousand tons, down by 41.8% YoY. In monetary…
DetailsIn January-July the Republic of Buryatia extracted 4.456 million tons of coal, up by 29% YoY. Razrez Tugnuisky contributed the most coal – 2.836 million tons, up by 58%. This year the republic intends to extract 6.2 million tons of coal. (Ukrainian metal)
DetailsIn January-August Almalyk Mining and Processing Works manufactured 11.2 trillion sums worth of products, up by 8.1% from the target. Exports reached $578.4 million. With the help of a development program the company plans to increase its ore output more than 3-fold, to 100 million tons. Non-ferrous and precious metals output will grow 2-fold, and…
DetailsUntil 2024 Norilsk Nickel will invest 700 billion rubles in the development of manufacture in the Norilsk industrial district in Krasnoyarsk region. The Sulfur project will receive some 200 billion rubles. The rest will be invested in the modernization of mines and processing factories. The Sulfur project is the project to recycle sulfur dioxide at…
DetailsAmurstal hosted a meeting with the delegation of Posco Deawoo. In 2018 a contract was signed for the delivery of 300 thousand tons of steel billets. “The Torex group of companies is selling the billets via two major companies – Samsung and Posco Deawoo. With them we have contracts. In the past two years Amurstal…
DetailsArcelorMittal Kriviy Rih intends to spend 10.8 billion UAH to pay dividends. This amount corresponds to 2.81 UAH per ordinary share. The dividends will be paid via the Ukraine’s depositary system. AMKR is the largest manufacturer of rolled steel in Ukraine. Mittal Steel bought 93.02% of Krivorozhstal in 2005 for 24.2 billion UAH. (Ukrainian metal)
DetailsIndian Express reported that Delhi police, a month after Steel Authority of India Limited chairman Mr Anil Kumar Chaudhary was assaulted by armed men, have established that it was a premeditated attack over a deal not going through. The special task force of the Crime Branch has arrested a 62-year old private contractor, Ashok Kumar…
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