Russia’s Vnesheconombank (VEB) plans to use about $100 million of the National Wealth Fund’s money in 2017 to finance pre-front end engineering and design (pre-FEED) works at the Udokan copper field, VEB CEO Sergei Gorkov reported. “The supervisory board has approved it, it was done rather a long time ago. This is not a large…
DetailsUkrainian Prime Minister Volodymyr Groysman has proposed not to run lower than the current coal stocks at warehouses of thermal power plants (TPPs), in the amount of 1.9-2 million tons, the government’s press service has reported. “I want that each person has guaranteed quality of power supplies in their houses. 1.9-2 million tons is the…
DetailsZaporizhstal has completed the disassembly at the blast furnace No. 3 reconstruction site. The total weight of the structures disassembled exceeded 12 thousand tons. “In 60 days we have completely disassembled the structures of the old furnace and freed the site to start construction”, Zaporizhstal CEO Rostislav Shurma said. Investments in the project amounted to…
DetailsIn 2016 Kemerovo region mined 227.4 million tons of coal, up by 5.4% YoY, including 145.1 million tons from open-pit mines. Coking coal amounted to 65 million tons, up by 3.3% YoY. SUEK-Kuzbass increased coal mining by 7.7 million tons, Kiyzassky mine – by 3.9 million tons, Novokuznetsk site of the Raspadskaya Coal Company –…
DetailsIn 2016 Ukraine imported 3.992 million tons of aluminum ore and concentrate valued at $155.15 million. According to the State Fiscal Service, the major suppliers of aluminum ore were Guinea – $94.9 million, or 61.17% of the total volumes, Guyana – $40.21 million, or 25.92%, and Brazil – $10.33 million, 6.6%. Other countries supplied $9.7…
DetailsIn 2017 Vysochaishy (GV Gold) intends to sell 5 tons of gold to Lanta-Bank. According to the company statement, it has concluded 2 agreements with the bank to sell 4.32 tons and 680 kg of gold ingots (99.99). The gold has to be delivered by December 31. The deal is evaluated at 11.4 billion rubles.…
DetailsIn 2017 Asha Iron and Steel Works will go on with its program to modernize its industrial capacities. In particular, the company plans to start producing a new type of rolled metal and complete the construction of the steel thermal treatment furnace, which began in December 2016. “Our other goal is to get the loan…
DetailsWithin the antidumping investigations the European Commission has started registering hot-rolled steel from Russia and Brazil. The suppliers could be hit with retroactive duties of 20-50%. The final decision will be made in October. The registration procedure is explained by the imports from the countries under question having grown since the investigation started, and only…
DetailsFirefighters have extinguished the fire at one of Kvazar’s shops.
The fire started, most probably, because of the explosion in the furnace to grow silicon micro crystals. Two employees received burns. (Ukrainian metal)
As of January 12, Ukrainian mining and metal companies are holding 38 cargo trains (2092 cars). “The cars are being held because the companies are unable to unload or load them”, Ukrzaliznytsia press-service reported. “In the first 10 days of January Ukrzaliznytsia supplied 47.8 thousand railroad cars for iron ore raw materials, while the companies…
DetailsIn 2016 miners of the Amur region yielded over 3.4 million tons of energy-generating coal, up by 100 thousand tons YoY. Amur coal is mined at Yerkovetsky and Severo-Vostochny open-pit mines and is supplied to Blagoveschensk thermal power plant, Raichikhinsk state district power plant and a number of housing enterprises. It was in Amur region…
DetailsIn 2016 miners of the Stepnoy open-pit mine, a part of Russky Ugol (Russian Coal), yielded over 4.2 million tons of coal, up by 4% YoY.
Last year the processing factory at Stepnoy processed 3.4 million tons of coal. In 2017 the factory will be reconstructed to increase capacity. (Ukrainian metal)
The commission of public hearings recommends the mayor of Ryazan to approve of changing the green zone to the industrial zone for the construction of the sheet-rolling shop. The public hearings on the issue were held on December 27, 2016. They were initiated by Ryazan Pipe Works. According to the company representative, the territory under…
DetailsIn 2016 Zaporozhogneupor increased its output of unmolded refractories by 27% YoY, to 7601 tons, including 2087 tons of refractory concretes and 5514 tons of insulating and slag-generating mixes. “The Zaporozhogneupor strategy aimed at the increase of unmolded refractories output became the drive of the company development. Our plans for 2017 include the increase of…
DetailsThe minister of energy and coal industry Igor Nasalik acknowledged that the so-called Rotterdam+ formula didn’t resolve the issue of the energy-generating coal deliveries. Earlier energy expert Andrei Gerus said that the formula didn’t live to its expectations. “Deliveries from LDPR haven’t ceased, we are still dependent on them. The heating season is again under…
DetailsOn January 10, the state enterprise Vostochny Mining and Processing Works announced the trading house Eco-Service the winner of the tender to supply 63.98 million UAH worth of sulfur. By October the company will have supplied 16 thousand tons of 99.98% granulated sulfur at 3999 UAH per ton. In March 2016 the works bought this…
DetailsOn January 11, the town of Avdiivka was again shelled; one of the two remaining electricity lines was damaged.
According to Avdiivka Coke and Chemical Works CEO Musa Magomedov, the company halted on December 8, 2016. The next day the works started receiving electricity from 2 lines. (Ukrainian metal)
Debts of the bankrupt Zlatoust Iron and Steel Works are being sold with a record-high discount. The right to demand debts of Metallurg-Resurs to ZMZ valued at 1069 million rubles is offered for 690 thousand rubles. Another lot valued at 120 thousand tons is for the right to demand debts at 152 million rubles. Metallurg-Resurs…
DetailsIn 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased iron ore pellets sales by 3.5% YoY, to a record of 11.7 million tons, while output dropped by 4% YoY, to 11.2 million tons. According to the company statement, the annual production of 65% Fe content pellets also hit a record, increasing by…
DetailsShareholders of the Severniy Mining and Processing Works intend to allot the net profit received in 2014 and a part of retained earnings from the previous years. This will be the issue of the meeting scheduled for January 30. The shareholders will also discuss dividend issues. In 2014 SevGOK received 1545.665 million UAH of net…
DetailsA batch of ferrous rolled metal produced at Magnitogorsk Iron and Steel Works has been successfully shipped from the Aktau Sea North Terminal (Kazakhstan). The first lot to Iran was shipped by KTZ Express. “The multi-modal transportation development project, that has connected railroad, sea transportation and logistics, will increase the transit-transport potential of Kazakhstan, as…
DetailsAzerbaijan is closing down its Steel Production Complex. Azerbaijani Steel Production Complex was created in April 2013 to design, construct and manage the steel-manufacturing works. The complex had to deal with ore mining through steel-smelting. By 2018 Azerbaijan also planned to have created several works and shops to be managed by the complex, in particular…
DetailsNLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, announces the appointment of Cornelius Louwrens the CEO of NLMK Belgium Holdings plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate Division.…
DetailsThe Russian Industry and Trade Ministry expects steel output to grow by 60% to 16.4 million tons by 2030, the ministry said in a scenario of accelerated development. “Under the accelerated scenario, an increase of domestic consumption to historical highs is envisaged not only with the help of fulfillment of infrastructure projects, but also by…
DetailsAn individual, a major shareholder of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 19.7787% of shares and ceased being an owner of the company.
Kominmet specializes in the production of steel pipes and metal coating. (Ukrainian metal)
In 2016 Ukraine exported 39.2 million tons of iron ore and concentrate valued at $1.827 billion. According to the State Fiscal Service, China was the largest importer of iron ore – $627.32 million, or 34.33% of the total exports. Czech Republic purchased $194.87 million worth of iron ore (10.67%), Poland – $192.21 million (10.52%). Other…
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