Vorkutaugol, one of the major coalmining companies in Russia, has processed a record of 135 thousand tons of coking coal in a month.
In order to hit a record, the company Pechorskaya central processing factory carried out all the necessary preparation works in H1. (Ukrainian metal)
In January-August Uralelectromed produced 31 thousand tons of copper sulfate, up 1.6-fold YoY.
The output increase has to do with the favorable market situation, flexible marketing policy of the company and the constant replacement of equipment.
Some 70% of its copper sulfate the company exports to Europe. (Ukrainian metal)
The Supreme Commercial Court has confirmed the ruling to recover 6 million UAH from the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works for the illegal use of the city land. Without any contracts and agreements ZALK has been using the territory of the city with the total size of 50 ha, thus…
DetailsPAO Severstal announces the repayment of $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by Holdgrove Limited and guaranteed by PAO Severstal. Holdgrove Limited (the “Issuer”), a wholly-owned subsidiary of PAO Severstal incorporated under the laws of the Republic of Cyprus, has fully repaid the $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by the…
DetailsThe Belarus Iron and Steel Works has been granted the strategic supplier status by the top Russian tire manufacturer Cordiant, BMZ Press Secretary Alexander Olesik reported. The relevant certificate was presented to BMZ representatives during the Supplier’s Day conference in the Russian city of Yaroslavl when the 15th anniversary since the tire maker was established…
DetailsThe situation at the state enterprise Volynugol has been discussed at the region state administration. According to the administration chairman Vladimir Gunchik, the Volynugol results are by far not the best among coal industry enterprises. “Coal mining has dropped by 57 thousand tons”, he said. The miners haven’t been paid salary for 1.5 months. “That’s…
DetailsThe mining division of ArcelorMittal Kriviy Rih has received 5 new BelAZs.
Their capacity is 130 tons, and length – 17 meters.
The ceremony of putting the trucks into operation was held with the participation of AMKR CEO Paramjit Kahlon, the BelAZ managers and the company employees. (Ukrainian metal)
According to the minister of energy and coal industry Igor Nasalik, Lviv region provides 50% of all Ukrainian coal. “As Lvivugol covers 50% of energy needs daily, the matter of its development is of utmost importance both for the region and the power of the whole country”, he said. This year the state enterprise will…
DetailsUkhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions.
The company has been fined for 918 thousand rubles.
Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)
In January-August Kemerovo region mined 159.5 million tons of coal, up by 7.6% YoY.
In August output dropped by 1.5% YoY, to 20.3 million tons.
Coking coal accounts for 26.3% of 8-months output, or 41.9 million tons.
Coal sales totaled 136.5 million tons, including 92.9 million tons shipped for export. (Ukrainian metal)
The auction to sell the assets of the Armavir Electrometallurgical Works valued at 276 million rubles has not taken place. There were no participants. The company assets were auctioned in August. They included a land plot of 85 hectares for the construction of a metal works, 2 power lines, a complex to produce forgings and…
DetailsOn October 11, Evraz Sukhaya Balka will hold an extraordinary meeting of shareholders, at which it is planned to rename the company into Sukhaya Balka. “This year our enterprise turns 121. In the matter of renaming the company it was decided to retain the legendary name of Sukhaya Balka”, the company CEO Vitaly Bash commented.…
DetailsThe Vorkutaugol Zapolyarnaya mine site No. 7 has fulfilled its year plan of coalmining in advance. Since the year start the miners have yielded 720 thousand tons of coal. “For the past 7 years the site has 4 times fulfilled its plan in advance”, the mine deputy director Alexander Bondar noted. In Q4 the mine…
DetailsSince the beginning of the year Raspadskaya mine has extracted 2 million tons of coal at its site No. 1. This volume has been obtained from the long face 4-10-29, equipped with the modern Bucyrus shearer. After being processed at the Raspadskaya factory the concentrate is supplied to metal and coke works of Russia, Ukraine…
DetailsCherepovets Iron and Steel Works has finished the capital repairs of its blast furnace No. 1.
The cost of the repairs was some 1.8 billion rubles. The work has been carried out 9 days earlier.
The repair lasted for 33 days. The work prolonged the BF1 operation by at least 7 years. (Ukrainian metal)
Shareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares. The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share. The funds received from the placement of…
DetailsIn August Ukraine produced 939 thousand tons of steel, not counting continuous-cast semi-finished products, up by 0.5% YoY, but down by 3.7% MoM. According to the State Statistics Service, the temporarily occupied territory of Crimea and a part of the Antiterrorist operation zone are not taken into account. Steel output in 8 months decreased by…
DetailsIn January-August the Zapadnaya Coal Company mined 390.6 thousand tons of coal at the Krutoyarsky site of the Konstantinovskoye deposits, up 2.5-fold YoY.
This year the company intends to yield 450 thousand tons of coal. Thus, so far the target has been 87% complete. (Ukrainian metal)
In January-August Sakhalin region mined 4.7 million tons of coal, up 1.4-fold YoY.
At present 10 enterprises mine for coal in the region, with two companies – Solntsevskiy coal pit LLC and Gornyak LLC – accounting for 65%. (Ukrainian metal)
Metalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…
DetailsIn January-July Russia exported 8.17 million tons of steel semi-finished products, down by 3.8% YoY, valued at $3.227 billion, up by 39.3%. In July exports totaled 1.08 million tons, down by 1.5% MoM. Taiwan was the main importer of semi-finished products (21%), at the average price of $345 per ton FOB Russian border. Turkey’s share…
DetailsIndia intends to purchase uranium from Uzbekistan to replenish its strategic reserves. The parties are currently negotiating the matter. The first meetings of the delegations took place two months after the meeting between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev on the sidelines of the Shanghai Cooperation Organization summit in Astana. The…
DetailsRussia’s United Metallurgical Company (OMK) expects revenue to grow on the year in 2017, while EBIDTA may remain flat, core owner and the board of directors’ Chairman Anatoly Sedykh reported. In 2016, OMK’s revenue fell by 13% YoY, to 140 billion rubles and EBITDA decreased by 1%, to 34.9 billion rubles. “I think that the…
DetailsInterpipe has initiated a revision of the size of the antidumping duty on some types of seamless pipes originating from Ukraine. “We have initiated the revision, as 13% do not correspond to the current situation”, the company finances and economy director Denis Morozov noted. The current duty of 13% will be valid till July 2018.…
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