On May 15 the government of India imposed final antidumping duties for 5 years on some types of cold-rolled metal originating from Ukraine, South Korea, China and Japan. The duty is the difference between the customs cost of the cold-rolled steel and $576 per ton. The investigation was started on the request of Steel Authority…Details
In January-April Russia exported 58.216 million tons of coal, up by 3% YoY.
According to the Ministry of energy, in April coal exports reached 14.9 million tons.
Coal output in January-April totaled 132.62 million tons. (Ukrainian metal)
The United Mining and Chemical Company will spend 50% of its 2016 net profits to pay dividends, having sent 338.849 million UAH to the state budget. The decree on the dividends payment was approved by the Ministry of economical development and trade on April 28, and UMCC received it on May 13. The dividends have…Details
The stocks of anthracite at thermal power plants increased by 10.9%, to 464 thousand tons, from May 10 through May 15. According to the Ministry of energy and coal industry, Centerenergo increased stocks of the Zmiev TPP from 49.3 thousand tons to 74.4 thousand tons. Tekhnova LLC increased anthracite stocks at Darnitsa and Cherkassy TPPs…Details
Silver and gold producer Polymetal International and UniCredit bank have agreed on terms of a 5-year $200 million loan to finance existing debt from May, the company said in a statement on May 15. Polymetal is also considering options to refinance its $400 million loan with Sberbank due in November 2018 and is in talks…Details
A consortium of China’s Fosun Group, Zhaojin Mining and Hainan Mining may get only 15% in Russian gold producer Polyus instead of 25% expected earlier. In April, the documents of the Russian-Chinese investment commission provided that Fosun agreed to acquire 20-25% of Polyus for up to $2 billion. A relevant agreement can be signed in…Details
In Q1 GeoProMining (GPM) spent $1.84 million to modernize the Agarak Copper-Molybdenum Works. According to the company statement, a Komatsu PC-400, 10 quarry dump-trucks and a Shtanui SD32 have been purchased for the works. In 2009-2012 AMMK and its deposit were completely modernized and reached the full capacity of 3.5 million tons of ore per…Details
The Cabinet of Ministers of Ukraine intends to provide 200 million UAH to increase labor safety at state mines. “The commission that checked safety at mines has presented results of its work. The situation is pretty bad. I don’t want to go into detail, but we have to start improving the safety of our miners…Details
Lvivugol has received 3.9 million UAH from the Ministry of energy and coal industry to put new long faces into operation and purchase equipment for mine modernization and development. From the year start the enterprise has received 49.3 million UAH. In the first half of the year three new long faces will be put into…Details
In January-April two coalmining enterprises of Lugansk region considerably decreased output.
According to the Ministry of energy and coal industry, Lisichanskugol output dropped by 29.4% YoY, to 67.5 thousand tons of coal, and Pervomayskugol – by 38.2%, to 78.3 thousand tons. (Ukrainian metal)
Interpipe intends to take part in the second auction of large scrap batches sales by Ukrzaliznytsia. But it does not have the task to win at any cost, the company CFO Denis Morozov said. “We plan to apply for participation, but we don’t have the goal to win. Our goal is for the Ukrainian scrap…Details
Evraz NTMK has produced a batch of R50 OT350 rails for Rusal to develop the infrastructure of bauxites deposits in Guinea – Compagnie des Bauxites de Kindia. According to the company statement, the rails will be used to repair railroad connecting the company to the Konakri seaport. Africa is one of the target regions for…Details
Severstal-Metiz has supplied high-strength rebar ropes in polyethylene coating for the repair of the Rostov Nuclear Power Plant first reactor framework.
The ropes have been manufactured in compliance with the Federal norms and safety rules in nuclear industry.
Previous suppliers of such ropes have been from Europe. (Ukrainian metal)
The mining and smelting enterprise based in Masalsky field in Akmola region, that is to be constructed, will create 7,000 new jobs. On May 14, representatives of LLP “Masalsky Mining and Processing Plant” signed agreements with China National Technical Import and Export Corporation (CNTIC) and Exim Bank of China for construction of the above plant.…Details
After Ukrgazdobycha attracted world operators of deep drilling the Ukrainian market of steel pipes for oil-and-gas extraction will see a sharp increase of demand. “Until then there will be no increase of demand on the local market”, Interpipe chief finance and economy officer Denis Morozov said. At the same time Ukrgazdobycha increased oil-and-gas pipes purchases.…Details
In January-April Ukrainian thermal and central heating power plants received 550.5 thousand tons of imported coal, including 137.2 thousand tons in April. All the April coal was supplied from Russia. According to the Ministry of energy and coal industry, Ukrainian power plants received 72.9 thousand tons of coal from the South African Republic, 358.8 thousand…Details
In January-April ArcelorMittal Temirtau produced 1.296 million tons of steel, up by 8.2% YoY and by 1.8% from the best result of the past 10 years, achieved in 2007. In January-April the works produced 1.222 million tons of pig iron, up by 8.4% YoY and by 2% from 2007. Pig iron manufacturing target was 105.3%…Details
In January-March Metalloinvest produced 10.07 million tons of iron ore, up by 0.4% YoY. Pellets output increased by 0.2%, to 5.98 million tons, hot-briquetted iron production dropped by 0.6% YoY, to 1.47 million tons. Pig iron manufacture decreased by 14.6% YoY, to 0.64 million tons, steel – went up by 12.6%, to 1.23 million tons.…Details
For the last year the Mariupol metal companies underreceived 6 million tons of raw materials. “That’s some 1 million tons of underproduced pig iron and 1 million tons of pig iron, produced with uncompetitive cost price due to time consuming supplies”, Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko wrote on his Facebook page.…Details
After three months of forced idleness Avdiivka Coke and Chemical Plant has put the second manufacturing wing into operation. 4 structural divisions of the enterprise renewed operation. This provided full-time labor for all the employees (around 4 thousand people). In late January because of the constant problems with electricity due to military activity the works…Details
The reduction of uranium mining in Kazakhstan facilitated price increase for the metal, the country’s Energy Minister Kanat Bozumbayev said at a government hour in Majilis. “Today, there is an increase in supply on the world uranium market. This trend arose after the Fukushima incident in 2011 and it continues. Last year, the price of…Details
Prime Minister of Kazakhstan was briefed on the process automation system at EvrazKaspianStal, which allowed increased production volume and ensured high quality. The metallurgical plant is an innovative project implemented jointly with Russian partners. Company’s technical equipment and level automation meet the requirements of the Fourth Industrial Revolution “Industrialization 4.0” concept. The plant processes and…Details
In the first three months of 2017, Kumtor Gold Company produced 127,400 ounces or 3962.59 kg of gold and contributed more than 2.2 billion soms in taxes and mandatory payments. Gold production for the first quarter of 2017 was 127,400 ounces compared to 86,444 ounces of gold in the comparative period of 2016. The increase…Details
The Opposition block deputy Natalia Korolevskaya has put on sale the Lviv Coal Company, owner of the Chervonograd Central Processing Factory. All the key market players received offers: DTEK, Donbasenergo and the unofficial curator of the state coal industry Vitaly Kropachev, who owns three processing factories. In March the privatization of the Chervonograd Factory was…Details