In January-June Anglo Asian Mining was selling gold mined in Azerbaijan at the average price of $1.238 thousand per ounce. “The price increase witnessed in 2016, continued in H1 2017 as well. In January-June we were selling gold on average for $1.238 thousand per ton as against $1.23 thousand in 2016”, the company stated. The…
DetailsIn July, according to the customs statistics, Russia exported 548 thousand tons of ferrous scrap, down by 7.7% MoM and by 3% YoY. In June scrap exports grew by 39.9% and by 6%, while in May they dropped by 13% and by 29% respectively. In January-July Russia exported 2.7 million tons of scrap, down by…
DetailsIn July Russia exported 308.6 thousand tons of pig iron, down by 43% MoM, but up by 35.7% YoY. In June pig iron exports increased by 38% MoM, but decreased by 14.7% YoY, while in May they were up by 183% and down by 12.1% respectively. In January-July exports totaled 2.56 million tons, down by…
DetailsIn August Vostsibugol LLC mined 887.9 thousand tons of coal at its three pits in Irkutsk region, up by 18% YoY. In particular, the Cheremkhovsky and Golovinsky sites of the Cheremkhovugol pit yielded 283.7 thousand tons, Tulunugol pit – 543.2 thousand tons, and the youngest pit of the company – Zheronsky – 60.9 thousand tons.…
DetailsThe authorities of Nizniy Novgorod region intend to provide Vyksa Iron and Steel Works with preferences of almost 8 billion rubles on the project to create casing, oil-and-gas and compressor pipes manufacture. VMZ could get a regional support of profit and assets tax exemption if it carries out the project. Investments total 41 billion rubles.…
DetailsIn January-July Mechel-Service increased metal sales from warehouses by 2% YoY. “In 7 months of 2016 we shipped 852 thousand tons of products, this year – 871 thousand tons. Our sales network has expanded: we have opened a site in Biysk. Soon our subsidiaries will appear in Izhevsk and Volgograd”, the company CEO Leonid Polyansky…
DetailsAccording to the Mariupol city council member Maksim Borodin, Azovstal had another chemical attack on the city. “A strong east wind carries Azovstal pollutions to the Ilyanskaya and Slobodka (city districts). I reported to the contact-center. They promised to send a mobile lab”, he posted on his Facebook page. Local citizens in their comments to…
DetailsAzovstal Iron and Steel Works has started experiencing shortage of scrap. “The situation on the scrap market is worsening, we see the shortage”, the company CEO Enver Tskitishvili said. According to him, the company has been better provided with scrap in a more complex period (June-July) because of Ukrzaliznytsia selling its stocks. “As far as…
DetailsAvdiivka Coke and Chemical Works had to decrease output because of the untimely delivery of coking coals from seaports via railroad. “We are fighting for our competitiveness. We had sleepless nights to reach pre-war output levels last month – 270 thousand tons. But no we have to decrease output because Ukrzaliznytsia has not brought coal…
DetailsAccording to the State Statistics Committee, in January-July the country imported 162.8 thousand tons of rolled metal, up by 7.3% YoY, valued at $100.52 million. Ferrous rods imports reached 66.38 thousand tons, up by 23.8%, valued at $33.39 million, angles – 22.255 thousand tons, up by 35.6%, valued at $15.9 million. At the same time…
DetailsOEMK (a part of Metalloinvest) has successfully completed major repair works at DRI Plant 2. This has enabled the plant to increase production from 88 to 110 tons per hour. The increased productivity at DRI Plant 2 will enable OEMK to boost direct reduced iron (DRI) production by nearly 200,000 tons per year. OEMK operates…
DetailsThe further fall of the world prices for iron ore threaten the operation of Ukrainian mining and processing works. According to the Federation of Ukrainian Metallurgists chairman Sergey Belenkiy, in just a week the prices have fallen by 15%, from $78 to $66 per ton. “If ore is cheaper than $60 per ton, some enterprises…
DetailsThe state enterprise Ukrpromvneshexpertisa believes that in September delivery of ferrous scrap to metal companies will grow by 9.8-13.7% MoM, or by 25-35 thousand tons, to 280-290 thousand tons. “In August deliveries totaled 255 thousand tons. We expect that in September they will be on the level of 280-290 thousand tons”, the company deputy director…
DetailsOn September 20 Ruspolymet put into operation a new radial forging shop. The new Austrian radial-forging mill operating together with two heating furnaces, two heat-treating furnaces, a mobile manipulator and three mills will provide for the manufacture of the high-quality rods for aviation, power, machine-building, chemical and oil-and-gas industries. The new machine will allow Ruspolymet…
DetailsOn September 25 the capital repairs of the Karabashmed chemical and metal works will start. The scheduled repairs will be carried out in three shops: metal, sulfur acid and power shop. The repairs are expected to last for 25 days. The metal shop will get two new Kumera converters with the volume of 150 tons…
DetailsIn August Ukraine ascended one more step in the 67-country Worldsteel rating, to the 11th position. Ukraine produced 1.8 million tons of steel, down by 5.5% YoY. China is still No. 1 in the world with 74.594 million tons of steel, up by 8.7% in August. To get back to the top-10, Ukraine has to…
DetailsNLMK, the largest steel producer in Russia and a leading international steel company, announces the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018…
DetailsUkraine has launched a complaint against Kazakhstan’s use of antidumping duties on certain types of steel pipes imported from Ukraine, the World Trade Organization said. Ukraine has formally “requested consultations” with Kazakhstan, the first step in a trade dispute, which opens a 60-day window for Kazakhstan to settle the matter or face potential litigation. The…
DetailsThe deposits of rare-earth metals Kutessai-II and Kalesai were repeatedly put up for tender, the website of the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the tender commission has established the amount of payment for the right to use the subsoil of the object of the tender in the…
DetailsNornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, plans annual capital expenditures on coal assets at around $100 million until 2025, Sergei Stepanov, senior vice president and head of the coal division, reported on September 21. “Historically, the division spends around $100 million per year on capex on maintenance, without construction of new mines.…
DetailsProduction of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…
DetailsInterpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…
DetailsAccording to some sources the debts of the Donetskstal Group to the banks could reach $1 billion.
Creditors have doubts as to the company financial reports.
Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)