In 2016 Kosogorsky Iron and Steel Works received 83.8 million rubles of net losses as opposed to 391.4 million rubles of profits in 2015. According to the company statement, revenue decreased by 17.6% YoY, to 8.96 billion rubles. The company explains the decrease in revenue with the coke and raw material price growth as well…Details
The largest coke producer in Europe – Avdiivka Coke and Chemical Works – has been shut down for 1 hour as the result of shelling. “We had a complete shutdown because of the damage to the cable, but within an hour we were able to resume operation thanks to the 2.5 MW generator. We’re alive…Details
Because of the Donbass blockade Dneprovsky Iron and Steel Works is operating with only one blast furnace. According to the co-chairman of the Opposition block in the parliament Alexander Vilkul, the furnace makes only 6 smeltings per day. If the works is shut down, local budget will lose taxes. The city works are industrially linked…Details
By 2020 NLMK might increase steel smelting at its Lipetsk site by 2.2 million tons. The development strategy till 2022 presupposes the increase of steel smelting at the main site to over 15 million tons per year. By 2019 NLMK will produce 14 million tons of steel. The investments into the project are estimated at…Details
The probable shutdown of the largest coke producer in Europe – Avdiivka Coke and Chemical Works – could negatively affect the economy of the whole country. According to the director of the Institute of economy and forecast of the National Academy of Sciences Valeriy Geyets, the blockade of coke, produced on the uncontrolled territories, as…Details
In February throughput of the Sverdlovsk railroad totaled 10.6 million tons, up by 3.2% YoY. The average daily throughput increased by 377 thousand tons. In January-February throughput increased by 1.6% YoY, to 21.4 million tons. In particular, the railroad transshipped 1.5 million tons of ferrous metals, up by 2.7% YoY, 320 thousand tons of ferrous…Details
In January raw lead output in Russia dropped by 22.3% YoY and by 23.7% MoM.
According to the Federal Service of State Statistics, in 2016 raw lead production in Russia dropped by 8.6% YoY. (Ukrainian metal)
At a meeting held on March 3, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, approved of a new membership of the Management Board. The new Management Board now consists of: Oleg Bagrin, NLMK Group CEO, Chairman, Grigory Fedorishin, Senior Vice President, Deputy Chairman (a newly…Details
The state commission on the Stepnaya mine explosion will work for 1 month, with each Monday hosting a meeting. After the investigation the commission will present not only the information on the reasons, results and people responsible for the emergency situation, but will also recommend the Ministry of energy and coal industry how to avoid…Details
The selection of consulting companies that will help Kyrgyzstan sell Kara-Keche coal deposit has begun. Applications for consulting services were received from Beyond Investment Group LLC, Deloitte & Touche, Mark Audit Bishkek, Industriel Electric Maden, Standard Development Consult, KPMG Tax and Advisory, and Ernst & Young. The technical part of the proposals was revealed. After…Details
The State Property Fund has announced a competition to select an evaluator of the state shares of the only primary aluminum producer in Ukraine – Zaporzhye Aluminum Works. The state has 68.01% stake (423.515 million shares). The evaluation of the company should be done as of February 28. The competition will take place on March…Details
In January-February Ukraine mined 7367.9 thousand tons of coal, up by 11.3% YoY, or by 750.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.2%, or by 338.3 thousand tons, to 1058.5 thousand tons, while that of power-generating coal went up by 16.5%, or by 891.3 thousand…Details
The construction of the ball-rolling mill has started in the rail-beam shop of Nizhny Tagil Iron and Steel Works, a part of Evraz. According to the group statement, the site for the equipment is being prepared. The new machinery will produce 60-120 mm diameter balls of the special V group of hardness. At present Russia…Details
Mashprom (Yekaterinburg) is supplying and assembling machinery for titanium plates to the sheet-rolling complex of VSMPO-Avisma.
The line is expected to be put into operation in the nearest future. Delivery and assembly of the equipment are carried out in full accordance with the schedule.
VSMPO-Avisma should start operating the new line in August. (Ukrainian metal)
In January Russia increased lead concentrate output by 45.3% YoY.
According to the Federal Service of State Statistics, the results are below December 2016 by 1.8%.
The Federal Service does not inform of lead concentrate output in 2016. (Ukrainian metal)
Artem Gold-Ore Company has officially put the new gold producing machine into operation. The machinery allows producing 287 kg of gold per year. The project created 120 jobs. Artem Company invested 400 million rubles to resume the work on the project: it bought all the necessary equipment, finished construction of the buildings and purchased materials…Details
Miners at Yerunakovskaya-VIII have started extracting coal from the new 48-5 long face. Its reserves are estimated at 3 million tons of coking coal. The operation of the long face is expected to end in Q1 2018. The Yerunakovskaya-VIII mine extracts GZh grade coal from the depth of 470 meters. After it is processed at…Details
The public joint stock company Ukrgazvydobuvannya intends to order steel pipes valued at 1.15 billion UAH from Interpipe. The total expected cost of the purchase was 1.17 billion UAH, thus the company would save 1.7%. According to the first contract, by summer Interpipe will have supplied 2510 seamless and arc-welded pipes valued at 107.93 million…Details
Zaporozhye Titanium and Magnesium Works has ordered Volnogorsk Mining and Processing Works, a part of the United Mining and Chemical Company, the delivery of ilmenite valued at 118.91 million UAH. By the end of the year the company will have supplied 28764 tons of ilmenite concentrate with 64-65% TiO2 contents at 4134 UAH per ton…Details
The minister of energy and coal industry Igor Nasalik declared that the state enterprise “State Coal Company” came to terms with Ukrgazbank to attract a loan of 300 million UAH into coalmine modernization. The State Coal Company was created in September 2014 to sell coal of state miners. The 2017 state budget will provide 870…Details
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has postponed delisting from the London Stock Exchange (LSE) to March 16, from Thursday to synchronize the delisting with closing of a buyback offering, the company said in a statement. Nordgold may acquire global depositary receipts (GDRs) from minority shareholders for $118 million, or $3.45…Details
At present Azovstal Iron and Steel Works is operating at 50-55% capacity, but it could drop to 40% in case the railroad blockade is not stopped. According to the company CEO Enver Tskitishvili, the works is not receiving coking coals of the necessary quality, while coke from Russia is expensive – $360 per ton. “Altaikoks…Details
Central Mining and Processing Works, a part of Metinvest, plans to start supplying pellets to the Western Europe and Japan. “Having completed the second stage of the pelletizing factory modernization we can now produce such pellets that will be in demand on every market, including in Western Europe and Japan,” the company CEO Dmitry Shevchik…Details
The Ministry of energy and coal industry has not included anthracite coal into the forecast structure of TPPs fuel for March. The ministry expects anthracite deliveries only to Lugansk TPP. In particular DTEK will supply 100 thousand tons of anthracite. In March TPPs on controlled territory are expected to consume 403.1 thousand tons of anthracite.…Details
Investments into the project of oxidized quartzite processing at Mikhailovsky Mining and Processing Works in Kursk region could reach 65 billion rubles, according to the regional governor Alexander Mikhailov. The project is expected to be realized by 2019. Mikhailovsky GOK is the largest iron ore mining and processing enterprise in Russia with reserves of 10.3…Details
Gold output in Russia has been growing for 7 years in a row. In 2016 it increased by 1.2% YoY, to 297.4 tons. This year it is planned to mine 304-405 tons. Several regions provided for the growth of the output: Krasnoyarsk Krai increased gold production by 5%, to 52 tons, Magadan region – by…Details