The Stakhanov Ferroalloy Plant, which has been almost idle since 2014 because of the military activity on the Ukraine-uncontrolled territories, cannot be put back into operation at present. According to the Association of Ukrainian Ferroalloy Producers, the works is not operating and is not managed by Ukrainian authorities. “The enterprise is destroyed, it cannot be…
DetailsIn 2016 Metalloinvest sold a packet of Nornickel ADR valued at $342 million (1.4%). According to the group statement, as of December 31, 2015 it owned 3.2% of Nornickel shares, as of December 31, 2016 – 1.8%. Now the group has some 29.013 million ADR of the nickel company, having sold over 21.181 million. Nornickel’s…
DetailsIn 2016 Metalloinvest received $1.15 billion of net profits, up 5.3-fold YoY. The company revenues decreased by 3%, to $4.26 billion. EBITDA dropped by 12.2%, to $1.258 billion. The company debts decreased to $3.16 billion from $3.56 billion as of December 31, 2015. “In 2016 Metalloinvest reached record iron ore output volumes at Lebedinsky and…
DetailsThe State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan announced an auction for alluvial gold and silver deposits. The license for exploration of alluvial gold deposit Urmaral, located in Bakay-Ata district of Talas region, was estimated at $6,250. The forecast gold resources are 1,85 tons. Kumushtag ore field was also put up for…
DetailsFollowing an explosion at the Zaporozhkoks 4 employees have been killed. “There was an explosion of the gas tank without burning. A subcontracting organization was performing welding and repair works at the tank, which resulted in the explosion. 4 people perished”, the local police said. According to the works security director Vadim Advokatov, the explosion…
DetailsThe warehouses of Sverdlovantrazit, Rovenkiantrazit and Komsomolets of Donbass Mine, situated on the occupied territories and taken over by the militants, stock some 430 thousand tons of anthracite. DTEK reported that it would watch for the illegal transportation and sale of the anthracite and stop it. “Any attempt to sell this coal is a crime.…
DetailsIn January-February Kazakhstan mined 5.884 million tons of iron ore, up by 14.4% YoY.
According to the Statistics Committee of the Ministry of the national economy, copper ore output totaled 14.547 million tons, up by 54% YoY, and chrome concentrate – 668.3 thousand tons, up by 15%. (Ukrainian metal)
In 2016 the only primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – decreased its losses by 61% YoY, or by 1.256 billion UAH, to 787.635 million UAH. According to the company statement, the value of its assets at the end of 2016 totaled 241.651 million UAH, current liabilities – 6.3 billion UAH, fixed…
DetailsThe Ukrainian market of coated metal is reviving after a fall in 2014-2015 thanks to the rise in the construction. According to Metinvest marketing director Roman Kurashev, in 2016 galvanized steel consumption in Ukraine increased by 26% YoY, to 298 thousand tons, and this year it is expected to reach 307 thousand tons, almost on…
DetailsThe Pipe Metal Company has supplied the first batch of drill pipes with the premium interlock of the second generation – TMK UP EXD. The pipes have been shipped to Samotlorneftepromkhim. The new interlock is easier to assemble which decreases time and expenses for drilling. TMK UP EXD has been developed by TMK – Premium…
DetailsEnergy and Coal Industry Minister Ihor Nasalyk estimates Ukrainian thermal power plants’ demand for anthracite coal until the end of 2017 at 4.2 million tons. He announced the forecast at a Cabinet meeting on March 16. “We’re running four projects to minimize coal consumption. I’d like to tell you that we need only 4.2 million…
DetailsIn 2017 Severstal will increase its share on the Russian market of polymer-coated rolled metal. According to the company flat rolled metal sales director Kirill Kiryushkin, in 2016 its share was 20%. This year the company plans to increase it to 24%. In Q3 Severstal will put new galvanized and coated metal capacities in operation,…
DetailsGeologists of the Magadan region have discovered a gold field with resources amounting to several dozen tons, a regional division of geological exploration company Rosgeo, also known as Rusgeology, said in a report on March 16. The newly discovered Khulgannakhskaya block is located 102 kilometers off the Omchak village, where the nearest Matrosov mine is…
DetailsGold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has completed delisting of its global depositary receipts (GDRs) from the London Stock Exchange (LSE), the company said in a statement on March 16. Nordgold offered to buy the GDRs at $3.45 per security and said it could spent a total of up to $118…
DetailsRussian metals producer Norilsk Nickel is ready to consider participation in the development of the Udokan copper field, CEO and key shareholder Vladimir Potanin said on the sidelines of a meeting of the Russian Union of Industrialists and Entrepreneurs on March 16. “We have received no detailed proposals so far. We will negotiate once it…
DetailsPrime Minister of Kazakhstan Bakytzhan Sagintayev visited Ulba Metallurgical Plant as part of his working trip to East Kazakhstan region, PM’s press service reported. PM familiarized himself with the process of high capacitive tantalum powders production. UMP is one of the world’s recognized producers of uranium and tantalum. The enterprise is a part of the…
DetailsThe Mine Group Yuzhnodonbasskoye No. 1 (Ugledar, Donetsk region) has ordered Company Promtorg LLC the delivery of filtering equipment valued at 21.75 million UAH. By the end of 2018 the company would have supplied 2050 self-rescuers at 8326 UAH apiece, 1500 regenerative cartridges at 2781 UAH apiece and 6 respirators at 85587 UAH. On the…
DetailsThe supervisory board of Makeevkoks has stopped the office of the board (5 persons), including its chairman Alexander Kolomiychenko. The matter was discussed on March 14, because of the expiration of the office. None has been appointed to the board. The board consisted of Alexander Kolomiychenko, Igor Chebotarev, Irina Ukrepina, Ivan Zolotarev and Tatiana Yemelyanova.…
DetailsMetinvest has transferred 50% of the Central Mining and Processing Works shares from Metinvest B.V. to Metinvest Management B.V. (both registered in the Netherlands at the same address). The share of Metinvest B.V. decreased from 99.7481% to 49.7481%. At the same time the share of Metinvest Management B.V. increased from 0% to 50%. The press-service…
DetailsIn 2019 Tau-Ken Altyn plans to produce 25 tons of gold. According to the works financial director Zhanar Rakhimova, a part of gold from the Bakyrchik deposits with high arsenic content Polymetal will export to China for processing, and after that return it to Kazakhstan. Some gold with lower arsenic content will be turned into…
DetailsPower generating company RusHydro has postponed a decision on joint construction of the Boguchansky aluminum plant or the Taishetsky aluminum plant with Russian aluminum giant UC RUSAL to April, CEO Nikolai Shulginov told reporters on March 16. “We are making preparations. A meeting of the board of directors has been put off to April 1-10.…
DetailsIn 2017 ArcelorMittal Temirtau intends to increase coal concentrate output by 84% YoY, to 4.722 million tons. In February the Vostochnaya central processing factory started a pilot project on increasing concentrate output. With 210 thousand tons according to the business-plan, the shortest month in the year saw 225.1 thousand tons of concentrate produced. In January…
DetailsThe chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…
DetailsIn 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…
DetailsThe State Property Fund has announced the sale of the Aluminum Foil Works in Zaporozhye. The starting price is 966.43 million UAH, or 1.16 billion UAH with VAT. The fund accepts all offers by April 3. The company has not been operating since the date of its creation – in 2004. It employs the director,…
DetailsThe Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…
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