Russia’s Natural Resources and Environment Ministry has suggested cutting the mineral extraction tax (MET) for rare metals to 4.8% from 8% in order to simulate production, the ministry said in a statement on November 13. The ministry is now preparing an amendment to the Tax Code for submission to the government. The amendment will also…Details
In January-September the actual prime cost of 1 ton of coal reached 2745.3 UAH, down by 84.5 UAH from the planned cost, but up by 32.3% YoY. According to the Ministry of energy and coal industry, coalmining companies expenses reached 6.196 billion UAH, down by 1.642 billion UAH from the planned ones, but up by…Details
Polymetal Int has estimated the primary ore reserves of the Nezhdaninskoye deposits at 1.9 million ounces of gold and 10 million ounces of silver. In particular, ore reserves for open-pit mining are estimated at 15.5 million tons of ore with the average gold content of 4 g per ton. Additional mineral resources are estimated at…Details
In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…Details
In January-September Kinross Gold produced 13.535 tons of precious metals (435.15 thousand troy ounces in gold equivalent), down by 21.5% YoY. In particular, in Q3 output decreased by 18%, to 4.534 tons (145.76 thousand ounces), which was explained by the scheduled drop of gold contents in ore. In January-September the company sold 13.545 tons of…Details
Daltransugol, a part of SUEK, is pondering the possibility of expanding the capacity of its coal-handling terminal to 40 million tons per year. The company is looking for the contractor to prepare the feasibility study. Daltransugol will pay 15 million rubles for this work. The current capacity of the terminal is 24 million tons of…Details
In January-September Beloretsk Iron and Steel Works supplied some 30 thousand tons of spring wire to the manufacturers of furniture. Around 1.6 million mattresses could be made out of it. BMK supplies the 1.4-2.2 mm diameter wire to over 80 local companies. “At present BMK covers some 70% of the local market demand for spring…Details
According to Sergey Alekseyev, the TMK marketing director, steel pipes consumption (except for large diameter pipes) will grow in Russia in 2017 by 8% YoY.
TMK retains its positions of the leading world manufacturer of pipes with 2798 thousand tons of pipes produced in January-September. (Ukrainian metal)
In 2017 exports of rolled metal changed. According to Ukrmetallurgprom, the share of semi-finished products fell from 44% to 40%. Flat rolled metal share increase from 28.9% to 35%, while that of long rolled metal dropped from 27% in 2016 to 24.5%. In January-October Ukraine exported 78.3% of the rolled metal produced – 11.86 million…Details
In January-October metal consumption in Ukraine increased by 18% YoY, to 4.37 million tons. According to Ukrmetallurgprom, 1.08 million tons (24.7%) were imported, up by 23.4%. Imports structure changed this year. The flat rolled metal dominates the imports with the share of 58.4% against 64%, while the share of long rolled metal increased from 34.3%…Details
The state enterprise Mirnogradugol has ordered the scientific-manufacturing company Mining Machines the delivery of a conveyer valued at 82.26 million UAH. By autumn 2018 within 3 months of the full prepayment the company has to supply the conveyer with the full set of spare parts and equipment. The manufacturer of the conveyer is the Kharkiv…Details
The third batch of 80,000 tons of coal from the United States was delivered by the MG Explorer vessel to the state-run Yuzhny (“Southern”) Sea Commercial Port in Odessa region for Ukraine’s major power generating company PJSC Centrenergo, according to the port’s press service. “There is 80,000 tons of coal on board the bulk carrier.…Details
In January-September the net profit of Rusal according to the International standards increased by 46.4% YoY, to $782 million. Corrected net profit increased 2.9-fold, to $727 million, EBITDA – by 42,4%, to $1.534 billion, revenue – by 21.3%, to $7.224 billion. The company net debt as of September 30 was $7.592 billion as opposed to…Details
Energy and Coal Industry Minister Ihor Nasalyk has said that the National Coal Company plays a key role in the process of reforming the coal industry of Ukraine. “The establishment of the National Coal Company is the only key to reform the coal industry in our country. The government of Groysman came to power when…Details
The reform of the state coalmines, enshrined in the national energy strategy, is aimed at modernizing the coal mines and providing the state with its own coal, Ukrainian Prime Minister Volodymyr Groysman said during an hour of questions to the government at the Verkhovna Rada. “We are the country that must provide itself with all…Details
According to the State Property Fund of Ukraine, the starting price of the enterprise is 538.98 million UAH. The lot also includes over 85 thousand pieces of equipment not put into operation. The fund has been trying to sell the works for a couple of times now. In 1995 Zaporozhye Aluminum Works received a $76.45…Details
The coal-preparing shop No. 2 of Avdiivka Coke and Chemical Works decreased electricity consumption by 90 thousand kW this year. The shop operates two powerful magnets, which remove metal particles from the charge. They are hung on the cranes over the conveyer belt and constantly consume electricity. The works has developed the scheme to switch…Details
In October Zaporozhogneupor increased output of molded, chamotte and magnesia rerfactories.
According to the company statement, it produced 9200.82 tons of molded and 371.14 tons of chamotte refractories.
In January-October Zaporozhogneupor produced 83197.42 tons of molded refractories, up by 103.65 YoY. (Ukrainian metal)
In October Russia transported 6.17 million tons of ferrous metals via railroad, up by 1% MoM and by 6.3% YoY. In September the results were up by 2.5% and by 10.1%, while in August up by 0.7% and by 2% respectively. In October deliveries to the local market totaled 3.55 million tons, down by 1%…Details
In January-October Magadan region produced 29.1 tons of gold, up by 16.5% YoY. In particular, 12.1 tons of ore gold and 17 tons of alluvial gold, up by 31% and by 8% YoY respectively. The main contributors in the region were Pavlik (5.2 tons of gold) and Susumanzoloto enterprises (5 tons). This year the region…Details
The capital repairs of the 750-billet mill in the rolling-shop of Zlatoust Electrometallurgical Works began on October 5, and on October 20 the renewed mill started producing metal again. The 750-mill produces rolled billets for additional rolling at the mills 400 and 280, as well as round bars with the diameter of 80-210 mm, square…Details
Klyuchevsky Ferroalloys Works has resumed operation after a major overhaul.
The repair has been carried out in the kiln No. 1.
As the company was bound by international contracts it could not halt operation during the national holidays, so it decided to carry out repairs during the additional days off. (Ukrainian metal)
Brazil has decided to postpone the imposition of antidumping duties on Russian and Chinese hot-rolled coils. The investigation begun in April 2016 confirmed the dumping deliveries and the damage to local manufacturers. But the rolled metal consumers have asked the government not to impose antidumping duties as they may increase the price of the end…Details
In January-September Chepets Mechanical Works received 1.73 billion rubles of net profit, up by 24% YoY.
Sales revenue reached 8.97 billion rubles, up by 2.5% YoY.
Since the start of the year the company has paid 1.52 billion rubles of taxes to the budgets of various levels. (Ukrainian metal)