Belarus: investors to be involved in platinum exploration and development

Belarus has plans to sign a concession agreement for the development of a precious metals deposit which contains platinum group metals among others, Sergei Mamchik, the director of the geology department at the Ministry of Natural Resources and Environment Protection, said. The specialist explained that one of the deposits discovered in Belarus contained precious metals,…

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Ukraine: Avdiivka Coke to restore production levels in 3-4 days after electricity supply repairs

Avdiivka Coke and Chemical Works will restore levels of production in three to four days after electricity transmission lines to the town of Avdiivka are repaired, the company CEO Musa Mahomedov said. “How quickly will we be able to restore production? Usually this takes 3-4 days following a shut-down,” he said. Mahomedov said currently two…

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Russia: TMK to hold SPO roadshow

Russian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…

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Russia: BAZ increases alumina capacities

Bogoslovsky Aluminum Works, a part of Rusal, has put the decomposing battery No. 1 into operation. The volume of the battery is 2.2 thousand cubic meters; the construction lasted for 1.5 years. Investments into the project totaled 147 million rubles. The new machine will process aluminum solution and increase alumina manufacture by 87 thousand tons…

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Russia: Izhstal output up in 2016

In 2016 Izhstal, a part of Mechel, increased output by 50% YoY. Output volume totaled 378 thousand tons; sales volume reached 375 thousand tons. Steel manufacture increased by 32% YoY, to 261 thousand tons; that of rolled metal – by 33%, to 343 thousand tons. The highest growth was achieved in stainless and alloyed steel…

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Georgia: steel pipes imports up in 2016

According to the National Statistic Service of Georgia, in 2016 the trade turnover with Turkey, the second largest trade partner of Georgia, reached $1.52 billion, with exports at $173.56 million, down by 7.1% YoY, and imports at $1.35 billion, up by 1.8% YoY. In 2016 Georgia imported 63588 tons of steel pipes from Turkey valued…

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Ukraine: Firtas’ titanium business working positive in 2016

In 2016 the two mining and processing works of Group DF (Mezhdurechensky GOK and Valki-Ilmenit) produced 170.2 thousand tons of 42% ilmenite concentrate (Ti2o). The maximum capacity of Mezhdurechensky GOK is 200 thousand tons of ilmenite concentrate per year, that of Valki-Ilmenit – 65 thousand tons. Group DF investments into the development of the two…

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Ukraine: shareholders of Severniy GOK to pay dividends for 2014 and previous years

Shareholders of the private joint-stock company Severniy Mining and Processing Works, a part of Metinvest Group, have sent UAH 11.546 billion to pay dividends for 2014 and previous years. “At a general meeting of shareholders on January 30, it was decided to pay dividends implementing the draft decision,” the company reported. Some UA 1.545 billion…

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Russia: Polymetal buys out Tarutinskoye Copper

Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…

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