The Karazhyra board of directors approved of the address to Altyn Bank to borrow $7.5 million for 36 months. The company has pledged 1.3 billion tenge worth of material resources to the bank. In January-May the East-Kazakhstan region, where Karazhyra is situated, exported 14255 tons of coal valued at $321.4 thousand to Uzbekistan and 2022…Details
In January-June Mechel-Service increased earnings by 12% YoY, to 28 billion rubles. Beam sales increased by 15%, pipes by 18% and stainless sheet by 22%. Metal sales in volumes remained almost on the previous year level – 904 thousand tons. “We see the first half year results as quite positive. Against the drop in metal…Details
Dneprometiz has switched from public into private joint stock company. The decision was taken at the shareholders’ meeting on April 24. The change came in effect on July 18. On April 24 shareholders revoked the supervisory board of 4 persons, electing 5 instead, having reelected 3 from the previous board. In 2016 Dneprometiz received 34.73…Details
DTEK Trading LLC has for the first time put 14.5 million tons of gas coal on sale at an auction of the Ukrainian power exchange. All the volume is split into 29 lots of 50 thousand tons each. The initial price of each lot is 2580 UAH per ton with VAT. The coal will be…Details
Evraz Yuzhkoks, uniting Bagley and Kamenskoye (earlier – Dneprodzerzhinsk) coke plants, has started shipping products to Turkey. The export re-orientation has to do with the long idleness of Dneprovsky Iron and Steel Combine in Kamenskoye. In June-July coke deliveries to Turkey reached 16 thousand tons. According to Ukrkoks CEO Anatoly Starovoit, in near time coke…Details
The bill extending the increased duty on exports of scrap ferrous metal in the amount of EUR 30 per ton passed by Ukraine’s Verkhovna Rada would not apply to exports to the European Union member countries, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze has said. “As for the scrap metal…Details
Machinery and equipment of Aluminum Casting Works (Altai region) have been sold at an auction to Alexei Pyatkov (Barnaul) for 4.9 million rubles. The starting price of the lot (342 units of machinery and equipment) was 98.2 million rubles. Pyatkov bought another lot (60 units) at 9.7 million rubles from the initial price of 48.4…Details
In July Ferrum started producing heavy rebar mesh. The company is capable of producing 700 tons of mesh per month.
The mesh is manufactured according to GOST 23279-2012 of V500S f6-f9 and A500S f10-f12 rebars.
This heavy mesh is used in construction: foundation works, tunnel and bridge construction, foundation pit walls reinforcement, etc. (Ukrainian metal)
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, is upgrading hot-rolled steel production at the Lipetsk site: the plan is to install a new walking-beam reheating furnace to streamline the slab heating process. The new furnace will replace the outdated pusher-type furnaces currently operational at the facility.…Details
The European Union is planning to impose duties of up to 33% on hot-rolled steel imports from Ukraine, Brazil, Iran and Russia to counter what it sees as unfairly low prices, according to a document seen by Reuters. The EU has over 40 antidumping measures to aid European steel producers, mostly aimed at China, Reuters…Details
The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…Details
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19.
In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)
In June Chelyabinsk Iron and Steel Works shipped 256.5 thousand tons of metal to its customers via railroad, down by 4.5% MoM and by 5.2% YoY. Local deliveries accounted for 220 thousand tons, down by 8.7% MoM and by 4.7% YoY, while exports stood at 36.7 thousand tons, up by 32% MoM, but down by…Details
In January-June Russian seaports transshipped 384 million tons of cargo, up by 11.3% YoY.
According to the Association of sea trade ports, coal throughput increased by 16.2%, to 75.1 million tons, and of ferrous metals – by 0.1%, to 14.6 million tons. (Ukrainian metal)
In January-June the Russian Railroads transported 41.6 million tons of ferrous metals, up by 2.8% YoY.
Local transportation amounted to 21.8 million tons, up by 1.4% YoY.
International transportation increased by 4.3%, to 9.8 million tons. Imports accounted for 2.5 million tons, up by 60%, exports dropped by 0.5%, to 16.61 million tons. (Ukrainian metal)
In 2017 Tugnuysky Open-Pit Mine, a part of SUEK, intends to extract 13.5 million tons of coal, retaining the last year level. Nikolskoye deposits will provide 2 million tons of coal, the rest will be mined at Olon-Shibirskoye deposits. In 5 years reserves of the latter will be thinning out, while mining at Nikolskoye deposits…Details
The state enterprise Selidovugol (Donetsk region) has concluded an agreement with Energoopt LLC for the delivery of pick hammers valued at 193 thousand UAH. The company will buy 2B and 2K pick hammers with spare parts. The goods have to be delivered within 5 days of receiving the order. The cost of each pick hammer…Details
In January-June Zabaikalye region obtained 3756.7 kg of gold, in particular 1548 kg of ore gold and 2209 kg of alluvial gold. Novo-Shirokinsky Mine (HGM) mined over half of the ore gold. Aleksandrovsky Mine (Zapadnaya Mining Ltd) mined 20% and Mangazeya Mining LLC – 15%. Ksenyevsky Mine, Uryumkan LLC and Dauriya artel have exceeded 200…Details
Lisichanskugol is in the critical situation of non-payment of salary, which resulted in the miners’ strike. 55 miners have been striking at the mine named after Kapustin since July 15. At present the salary debt amounts to 135.4 million UAH (December 2015, December 2016 and this year). According to the minister of energy and power…Details
The Dneprovsky Iron and Steel Combine CEO Alexander Podkorytov held a meeting with the managers on the putting of the works into operation. At present DMK has received 16 gas analyzers for blast furnace shop and prepared them for operation. Electricity supplies to the works were renewed on July 13. At the same time the…Details
Over 10 years GeoProMining has invested some $504 million in Armenia. The group deals in gold, copper, molybdenum and antimony concentrate manufacture. Its main assets in Armenia are GPM Gold, operating at the Sotsky gold mine and Ararat gold-extracting factory, as well as Agarak Copper-Molybdenum Works (AMMK). Capital expenses on AMMK modernization totaled $30 million.…Details
In January-June the TALTEK enterprises mined 2.2 million tons of coal, up by 24.4% YoY. Sales increased by 25.5%, to 2.3 million tons. Local sales account for 40%, while exports – 60%. “Constant investments into optimization of manufacturing processes, modernization, decrease of expenses and the high level of labor motivation give us this considerable increase…Details
Zagorsky Pipe Works has started testing samples of the unique corrosion-resistant plating “Metalen PE-21” produced by Metaclay. This is the monolayer polyethylene coating made without adhesives. “Our long-term plans include the maximum increase of the range of pipe insulation materials suppliers. Soon we will start testing the Borealis materials”, the company CEO Denis Safin said.…Details