In January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…Details
During the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…Details
The Energy and Coal Industry Ministry of Ukraine should seek financial resources to boost coal production and ensure the proper activity of the industry, Ukrainian Prime Minister Volodymyr Groysman said, commenting on results of the government meeting with participation of the leadership of the Energy and Coal Industry Ministry and the Finance Ministry. “Until September…Details
In January-June the Dalpolymetal Mining and Metallurgical Complex produced 9.54 thousand tons of zinc concentrate and 5.57 thousand tons of lead concentrate, up by 61% and by 45% YoY respectively. Last year the enterprise lifting machine broke down. This year the machine has been repaired. In 2018 Dalpolymetal intends to produce 15 thousand tons of…Details
In January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…Details
In January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY.
In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons.
This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)
In January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…Details
The net profit of Russian aluminum giant UC RUSAL doubled YoY, to $952 million in January-June from $470 million in the same period of 2017, the company said in a report on August 6. Adjusted net profit went up by 15%, to $535 million, while the recurring net profit gained 41.5%, to $971 million. Adjusted…Details
Prices of precious metals except for palladium changed over to increase in Azerbaijan on August 6, according to the data published by the Central Bank. The price of gold increased by 13.5235 manats, to 2066.01 manats per ounce compared to the price on August 3. The price of silver increased by 0.2476 manats, to 26.2594…Details
In July DTEK Dneprovskoye Mine Group put 3 long faces into operation. On July 31 the mine named after Stashkov commissioned another face. DTEK investments totaled 39.9 million UAH. The long face will yield 500 thousand tons of power-generating coal. By the end of the year DTEK Dneprovskoye Mine Group intends to have commissioned 4…Details
The speaker of the Verkhovna Rada Andrei Parubiy has signed the decree on state coal industry financing.
The decree has been sent to the president Petro Poroshenko.
261 members of the parliament voted in favor of the decree.
The decree aims to clear salary debts to state miners. (Ukrainian metal)
In January-June Dalnegorsk Mining and Processing Works mined 469.5 thousand tons of datolite ore, down by 8% YoY. From August 3 all the machinery at the works is gradually shut down for 25-30 days for repair. The works will be resumed in September. As of January 1, 2017 the datolite ore reserves at the Dalnegorskoye…Details
Mechel has prolonged the contract to supply coal to Baosteel Resources, a part of China Baowu Steel. The new agreement is valid till June 2019. Within this period Mechel will ship 700 thousand tons of premium grade coking coal to China – up to 40 thousand tons each month. The price will be set on…Details
In January-June Primorye region extracted 104 kg of gold, including 70.5 kg of ore gold and 33.5 kg of alluvial gold, down by 18% YoY. The main extractor of ore gold in the region is Primorksiy Mining and Processing Works operating at the Vostoc-2 deposits. Silver output dropped by 20%, to 16.9 tons. Last year…Details
Energomashspetsstal is developing cooperation with the customers. In February the company obtained a qualification order from AM/NS Calvert to produce 3 supporting rolls for hot-rolling mills. One of the rolls weighing 19.7 tons has already been shipped to the customer. Two more rolls with the weight of 48.8 tons each are on the final stage…Details
NTZ TEM-PO has reached the annual capacity of 840 thousand tons of pipes (6 manufacturing lines). The company also has the capacities to coat pipes (10 thousand tons per month). On August 3 NTZ TEM-PO commissioned the line to produce large diameter pipes (from 530 to 720 mm, with the wall thickness of 6 to…Details
On August 2 a contractor employee perished at the Mariupol Ilyich Iron and Steel Works. The man fell from on high. The accident happened because of the safety rules violations. This is the third lethal accident at the works since the beginning of the year. In March a person fell into the ventilation shaft of…Details
According to Turkish Statistical Institute (TUIK), in January-June Turkey increased scrap imports by 15.8% YoY, to 10.77 million tons.
In particular, Russia increased deliveries by 60%, to 1.33 million tons.
In June scrap imports from Russia grew by 66.1%, to 299.165 thousand tons. (Ukrainian metal)
Metinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine.
Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH).
At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)
The representatives of several state coal enterprises have started a meeting near the Ministry of energy and coal industry demanding their salary debts to be cleared and the coal industry reanimated. According to them, the document signed by the energy minister Igor Nasalik on the clearing of the 1.5-billion UAH debt to state miners is…Details
The price of one ounce of gold decreased by 21.896 manats, or by 1.06% last week, to 2,070.5099 manats per ounce. Last week, the price of one ounce of silver decreased by 0.2008 manats, or by 0.77%, to 26.21038 manats. The price of one ounce of platinum increased by 0.442 manats, or by 0.03%, to…Details
The quota imposed by EU in response to the 25% US duty has been on average 2% fulfilled by Ukraine. As of August 2, the quota for the delivery of cold-rolled flat metal of alloyed and unalloyed steel was fulfilled the least – by 0.51% (6.765 thousand tons out of 1.318 million tons). At the…Details
ArcelorMittal Kriviy Rih was reimbursed the most VAT in July – 1.074 billion UAH. According to the State Treasury Service, Azovstal received 707.6 million UAH, up from 533.3 million UAH in June. Mariupol Ilyich Iron and Steel Works lost its leader status, having received 493.6 million UAH, down from 620.7 million UAH in June. Zaporizhstal…Details
Karelsky Okatysh Mining and Processing Works has purchased a new locomotive.
The machine, manufactured by Bryansk Machine-Building Works, will be able to save fuel expenses by 10% due to a special diesel engine.
The investment program of the company presupposes further purchases of such locomotives to replace old ones. (Ukrainian metal)
On July 24-26 the auditors of the certification association Russian Registry carried out a scheduled integrated check of the Kirov Non-Ferrous Metals Processing Works management system. In particular, the experts checked the correspondence of the labor protection management system to the BS OHSAS 18001:2007, environment management system to ISO 14001:2015 and quality management system to…Details
Prices of precious metals, except for platinum, dropped in Azerbaijan on August 3, according to the data published by the Central Bank. The price of gold decreased by 19.3885 manats, to 2052.4865 manats per ounce compared to the price on August 2. The price of silver decreased by 0.1873 manats, to 26.0118 manats per ounce,…Details