The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…Details
In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY.
The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016.
The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)
TMK Chermet has successfully passed the qualification audit as an independent supplier of scrap and ferrous metals wastes to the enterprises of the Pipe Metallurgical Company. The audit has been carried out by the Russian research institute of pipe industry. Following the check the company has been entered into the list of TMK approved suppliers.…Details
Izhstal specialists have capitally repaired the bar-wire mill 250. The repair was carried according to the schedule. This mill is important for the company, as it produces around 45% of the total output. In 2017 the 250 mill produced 222 thousand tons of rolled metal of structure, stainless, bearing, tool and speed steels, up by…Details
Russian gold producer Mangazeya Zoloto plans to raise production by 95%, to 1.5 tons in 2018, CEO and owner Sergei Yanchukov declared. The company will nearly triple geological exploration spending to 350 million rubles this year to increase the Baikal region reserves of the group to over 100 tons, he said. Production of the Savkino…Details
In January-November 2017 the share of Russian exports of metal and wares to far foreign countries reached 10.1%, up from 9.9% in 2016. The monetary volume of exports grew by 28%, while physical volume dropped by 3.2%. Pig iron exports decreased by 13.1%, aluminum – by 6%, ferroalloys – by 5.8%, and semi-finished products of…Details
Deputy Prime Minister of Ukraine Volodymyr Kistion says Ukraine in 2017 almost halved consumption of anthracite coal whose stocks in Ukraine are insufficient, having used 4.8 million tons of anthracite at its thermal power plants. “In 2017 Ukraine consumed slightly more than half of anthracite coal compared to 2016. If in 2016 we burnt 8.9…Details
In 2017 Ukrainian metal works purchased 2.83 million tons of scrap, down by 12.7% YoY. Scrap covered only 90% of the need. The average usage of purchased scrap was 133 kg per 1 ton of steel. At the same time exports of scrap in 2017 increased by 78.5% YoY, to 486.5 thousand tons. The major…Details
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…Details
S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…Details
AzerGold is looking for a company to provide transportation and precious metals ingots delivery services. The company will be chosen at the open tender. The cost of participation is 250 manats. All the offers are accepted through February 26. The tender will be held on February 27. AzerGold was created by the decree of the…Details
In 2017 Magadan region obtained almost 33 tons of gold, up by 5 tons YoY. Pavlik developing the deposits of the same name mined 6.5 tons of gold. Susumanzoloto is still the best alluvial gold extractor – 4 tons. This year the region intends to increase output. In particular, the new mine named after Matrosov…Details
Mikhailovsky Mining and Processing Works has put two new locomotive units in operation. The new machinery has been purchased under the investment program of Metalloinvest to improve efficiency of manufacture. The locomotive units have increased power, which enables to use 11 dump cars in one train instead of 10. The machinery will transport ore from…Details
Rusal and Energoprom have signed a 5-year contract for the delivery of cathode blocks at the volume of 21.5 thousand tons per year. According to the agreement, in 2018-2022 Energoprom will cover up to 70% of Rusal aluminum works needs in carbon-graphite raw materials. The products will be supplied from Novosibirsk Electrode Works. “This is…Details
Severstal has concluded a contract for the delivery of equipment for vertical and horizontal stands and the modernization of the laminar machine of the 2000 hot-rolling mill at the Cherepovets Iron and Steel Works. Investments in modernization total 2 billion rubles. The machinery will be supplied by Primetals Technologies (Austria). The project is to be…Details
Export of Russian coal in 2017 increased by 4% YoY, to 185.136 million tons, the Ministry of Energy said.
The commodity exports volume in December 2017 reached 15.082 million tons.
Coal mining in December 2017 amounted to 36.097 million tons, of which 32.821 million tons were delivered. (PortNews/Ukrainian metal)
Insolvency administrator to the bankrupt KVV Liepājas metalurgs Guntars Koris has decided to sell property owned by the company at an auction, as confirmed by the administrator’s representative Dzintars Hmieļevskis. This decision was made because none of the contenders to purchase KVV Liepājas metalurgs had complied with conditions put up by creditors and had not…Details
The joint Tajik-Chinese precious metals manufacturer Zeravshan is undergoing a reconstruction. “At present we are renewing the production line, thus mining has been suspended”, the company reported. Zeravshan is the largest precious metals miner in Tajikistan with the share of 70%. It was founded in 1994 on the basis of the gold-extracting factory, which began…Details
In 2017 the Russkiy Ugol Company mined 14.1 million tons of power-generating coal, up by 4% YoY. Krasnoyarsk region pits provided 6.5 million tons of coal, Republic of Khakasia – 4.2 million tons, and Amur region – 3.4 million tons. Pereyaslavsky pit in Krasnoyarsk region increased output by 8% YoY, to 5.6 million tons, while…Details
In 2017 Russian Railroads purchased 1 million 56.3 thousand tons of rails. In particular, Evraz sold 719.8 thousand tons and Mechel – 329 thousand tons. Some 7.5 thousand tons were purchased from Aktyubinsk Rail and Beam Works (Kazakhstan). RZhD uses rails both for new construction and for repair. In 2016 RZhD purchased 947.7 thousand tons…Details
Beloretsk Iron and Steel Works and the government of the Bashkortostan Republic have concluded an investment agreement on tax preferences for the development of the investment project on the manufacture of multi-thread steel ropes at BMK. The preferences will be provided from 2019 till 2021. And the volume of funds freed from taxes is over…Details
Tulachermet-Steel has commenced the commissioning works at the 9501 rolling mill. The assembly of the equipment started in August 2017. At present the assembly is 97% complete. The construction of the integrated foundry-rolling complex using the converter technology began in 2013. The first stage presupposes the manufacture of 1.7 million tons of sections and bars…Details
Residents of Oruktu village oppose development of Solomo gold deposit. According to them, in 2015 the company KGM Ltd. received a license to develop the field. At the same time, it pledged to pay 300,000 soms a month as a social package. However, the payments ceased after eight months. As of today, the company owes…Details
The activist of the newly created Independent Primary Union Organization of Pavlogradugol Andrei Karpenko, who has recently gone on a hungry strike, happened to be a fugitive from the uncontrolled territory of Lugansk region. According to the law-enforcing services, prior to moving to Pavlograd he has been working at a mine, now seized by the…Details