NLMK Group, an international steel company with facilities in Russia, Europe and the USA, boosted its spending on environmental projects and initiatives by 12% in 2016, to RUB 7.05 billion. The majority of funds were used for projects and initiatives to improve air quality. For example, NLMK Lipetsk upgraded gas cleaning systems at the refractory…
DetailsCenterra Gold Inc. regrets to report a fatality at its Kumtor mine. On April 11, an individual, a vehicle mechanic, was fatally injured while inspecting a light vehicle pickup truck in the field. An internal investigation has commenced and Kumtor management is working with the Kyrgyz regulatory authorities. “Centerra and Kumtor are deeply saddened by…
DetailsIn January-March Kyshtym Electrolytic Copper Plant produced 31.9 thousand tons of cathodes, having reached a new record. In Q1 the copper-smelting shop was working at its maximum capacity, providing copper electrolysis shop with anodes and copper powder. 38.9 thousand tons of anodes were manufactured there. The copper electrolysis shop produced 31.91 thousand tons of copper…
DetailsZagorsky Pipe Works goes on diversifying the structure of suppliers of steel sheet, used in making pipes. To the major Russian suppliers, such as Severstal, MMK, etc., ZTZ has added a foreign manufacturer – Posco (South Korea). “The rolled sheet of Posco, which we bought in small batches last year, satisfied both our clients and…
DetailsMechel reports that its cooperation agreement with Baosteel Resources, which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tons of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s…
DetailsIn March Ukrainian metal companies consumed 140 million cubic meters of natural gas, down by 30 million cubic meters MoM. Average daily gas consumption dropped by 1.6 million cubic meters, to 4.5 million cubic meters. In Q1 metal companies consumed 510 million cubic meters of gas, up by 11% YoY. Average daily consumption increased from…
DetailsIn March Ukrainian metal companies received 265 thousand tons of scrap, up by 45 thousand tons MoM, and 85% of their total needs. In March their scrap stocks decreased by 10 thousand tons, to 95 thousand tons. As of January 1, their stocks totaled 190 thousand tons. In Q1 metal companies received 715 thousand tons…
DetailsThe general manager of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko hopes the Ukrzaliznytsia scrap tenders will be transparent and aiming at the interest of business. “Ukrzaliznytsia has finally announced the long-awaited tenders to sell scrap. We’ve been waiting for almost 2 years. We hope that local iron and steel works get this scrap,…
DetailsPrime Minister of Ukraine Volodymyr Groysman has supported the introduction of a temporary moratorium on the bankruptcy of coal mining enterprises. “The norm on the moratorium on bankruptcy should be temporary to conduct restructuring, because I believe that some people dishonestly exploit Ukrainian legislation to block the work of Ukrainian mines. I support, and I…
DetailsRussian Copper Company (RCC), the country’s third largest copper producer, may acquire 50% in the Udokan copper deposit, Alisher Usmanov, the founder of USM Holdings, which owns Baikal Mining Company, the operator of the Udokan deposit, said on April 12. “We are in active talks with banks and partners from Russian Copper Company on cooperation…
DetailsRussian hydropower giant RusHydro’s board of directors will consider participating in construction of aluminum giant UC RUSAL’s Taishet Aluminum Smelter on April 19, after a strategy committee has discussed it. The participation plan includes creation of a special purpose vehicle with RUSAL to raise $1.1 billion project financing, of which about $200 million will be…
DetailsThe Metinvest mining and metal group has warned individuals and legal entities that are both residents and nonresidents of Ukraine against the illegal use of its property remaining at the enterprises in the non-controlled territory (NCT) that have taken over by representatives of the so-called “Donetsk People’s Republic” (DPR) and “Luhansk People’s Republic” (LPR). The…
DetailsMakeevka Metal Works, seized by the militants of the terrorist organization DPR, has supplied the first batch of wire rod of 1 thousand tons to the Khartsyzsk steel wire and rope works Silur, also controlled by the militants. According to the press service of the so-called ministry of industry and trade of the DPR, the…
DetailsThe sinter shop is the first link in the manufacturing chain of the Nadezhdinsky Iron and Steel Works. To improve the quality of the semi-finished products the works will invest 57 million rubles into the shop modernization. The construction work will begin in late May – early June. The new screen and crusher will be…
DetailsVSMPO-Avisma is negotiating the prolongation of its contract with Airbus. The corporation currently has some 3 score long-term contracts, including some for 10 years. “The Airbus contract expires in 2020, and we have already started negotiations to prolong it. Contracts with Boeing have recently been prolonged to 2022 and 2025”, VSMPO-Avisma marketing and sales deputy…
DetailsUkrzaliznytsia has announced 2 tenders to sell ferrous scrap. According to the company statement, registration is open until April 21. The auctions will held on April 25. The first lot features 24 thousand tons of steel scrap valued at 122.76 million UAH. The second is 22 thousand tons of steel scrap No. 4 (wheels, beams,…
DetailsAs of April 10, average daily metal output decreased by 7-9% MoM. As of April 11, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 8 out of 9 open-hearth furnaces (89%) and 5 out of 16 electric arc furnaces (31%) were in operation. Average daily steel output in March totaled…
DetailsOn April 6, Dneprovsky Iron and Steel Works started blowing-in of its blast furnace No. 9, but on April 10, had to shut it down once more. The first time DMK had to shut down because of the lack of coke, used to be supplied by the Alchevsk Coke Plant from the uncontrolled territory. On…
DetailsIn January-March Ukraine decreased both exports and imports of iron ore raw materials. In particular Ukraine exported 9.8 million tons of raw materials, down by 4% YoY, with 4 million tons exported in March. Imports in Q1 dropped by 88% YoY, or by 660 thousand tons, to 90 thousand tons. In March Ukraine imported 12…
DetailsPJSC MMC Norilsk Nickel announces the closing of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.1%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering has attracted solid investors’ interest both domestically and internationally and the book was well oversubscribed. As a…
DetailsIn January-March Russian coal exports climbed by 7% YoY, to 43.591 million tons, the Ministry of Energy statistics said.
In March Russia exported 15,489,400 tons of coal.
Coal production in January-March totaled 99,352,200 tons including 91,272,200 tons supplied. (Portnews/Ukrainian metal)
Almalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…
DetailsDruzhkovka Metal Wares Works will pay 33.226 million UAH of dividends, or 0.5 UAH per 1 share, from its net profit of 35.888 million UAH in 2016. The company supervisory board announced the dividends would be paid from May 10 till September 28. Last year the works increased its net profits by 3.1% YoY, to…
DetailsIn 2016 Guryevsk Iron and Steel Works received 97 million rubles of net losses, down 4-fold YoY. In 2015 the company losses amounted to 382 million rubles, with 3.9 billion rubles in 2014. Last year revenue totaled 4.454 billion rubles, down by 15% YoY. Sales losses reached 70 million rubles as opposed to profit of…
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