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As part of the investment project between Uzbekistan’s State Committee for Geology and French Orano Group, it is envisaged to attract foreign direct investment at the initial stage of up to $20 million and about $150 million if a commercial field is discovered, representative of Orano Group reported. Orano have decided to create a joint…
DetailsFollowing the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…
DetailsIn September Yuzhniy Mining and Processing Works decreased sinter output by 59.3% YoY, to 68.4 thousand tons. In 9 months UGOK produced 945.8 thousand tons of sinter, down by 22.7%. Iron ore concentrate output in January-September grew by 2.5%, to 9336.4 thousand tons. But in September concentrate output remained unchanged at 970.6 thousand tons. (Ukrainian…
DetailsIn July Russia imported 36.6 tons of molybdenum including scrap, up by 30.4% MoM, but down by 4.7% YoY. Deliveries from China grew 2-fold, to 24 tons, while from Germany dropped by 16%, to 12 tons. In 7 months imports totaled 193.6 tons, up by 1% YoY. In monetary terms since the start of the…
DetailsMetinvest has issued 10-year eurobonds for $500 million at 7.95% and 5-year eurobonds for EUR 300 million at 5.75%. The combined demand for the two tranches exceeded $1.1 billion. Metinvest held meetings with investors in US, UK and continental Europe on September 18-27. (Ukrainian metal)
DetailsNLMK Lipetsk, NLMK Group’s flagship site, has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tons (+2%), reduce energy consumption by 50% and almost halve air emissions. The new walking beam reheat furnace has replaced…
DetailsThe polar division of Russian metals producer Norilsk Nickel will spend 2.5 billion rubles on the purchase of mining equipment, the company said. The company expects that 42 units of equipment produced by Sandvik and Epiroc will be shipped to the mines of the polar division in 2020. (Prime/Ukrainian metal)
DetailsThe new owner of the Tkibuli mines, Steel International Trade Company, has fully paid the salaries of miners formerly on strike demanding back pay, announced Georgian Economy Minister Natia Turnava. Turnava noted that she personally was in communication with miners and the new company. She also said that reopening the coalmines and building a thermal…
DetailsNew strategic agreement between the government of Kyrgyzstan and Centerra Gold Inc. “completely justifies itself in terms of ensuring a more efficient and stable operation of the enterprise”, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev stated during a visit to Kumtor mine in Issyk-Kul region. According to the Information Support Department of the Government’s Office,…
DetailsIn 2019 coal output could grow by 1.1%, to 445 million tons, according to a forecast of social-economic development for 2020 and 2021-2022. In 2024 the expected output could be 510 million tons and in 2022 – 483 million tons. In 2018 Russia exported 196.8 million tons of coal, including 23 million tons of coking…
DetailsIn July Russia imported 11.1 tons of tungsten, including scrap, up by 44.3% MoM, but down by 13.4% YoY. China supplied 10 tons of tungsten, up by 40% MoM. In 7 months imports totaled 75.4 tons, down by 32% YoY. In monetary terms since the start of the year the imports have decreased by 15.7%.…
DetailsIn January-August Sakhalin region mined 8.5 million tons of coal, up by 19.7% YoY. This year the region plans to have extracted 11.4 million tons of coal. 96.5%, or 8.2 million tons of coal mined was exported to the Asian Pacific region countries, including 3.5 million tons to China, 3.4 million tons to the South…
DetailsIn September Ukraine produced 1.759 million tons of steel, down by 9.2% MoM. Pig iron manufacture decreased by 4.6%, to 1.744 million tons, while that of rolled metal grew by 3%, to 1.583 million tons. In 9 months Ukraine produced 16.41 million tons of steel, 15.47 million tons of pig iron and 14.1 million tons…
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