NGO Russian Railways (RZD) Logistics illegally shipped 76,300 tons of coal from the occupied areas in Donetsk region controlled by the self-proclaimed Donetsk People’s Republic (“DPR”) to Russia in May, according to Ukrainian NGO Sprotyv.info. The plan of shipments was approved by the Economic Development Ministry of the Russian Federation. Out of the 76,300 tons…Details
The prosecutor’s office of the Russia-occupied Crimea has stopped trading operations of Valki-Ilmenit LLC in Zhitomir region without the special license to use subsoil resources.
This has been reported by the General Prosecutor of Ukraine Yuri Lutsenko.
Valki-Ilmenit is the only quarry supplying raw materials to the occupied Crimean Titanium. (Ukrainian metal)
The scrap export limitation is the necessary means of regulation on behalf of the government. According to the state enterprise Ukrpromvneshexpertisa director Vladimir Vlasyuk, it is necessary to limit export of scrap, but not to completely prohibit it. “I understand the discussions between scrap procurers and consumers. But the current duty still allows traders to…Details
In January-May Kosogorsky Iron and Steel Works increased share of sales of pig iron both locally and abroad 1.7-fold, from 47% to 81%.
The company has also increased the output of high-quality pig iron, having supplied 20.6 thousand tons to local and foreign customers, or 70% of the total sales in May. (Ukrainian metal)
The only alluvial gold extractor in Sakhalin region – Vostok-2 – has as of June 23 obtained 13 kg of gold. The company started washing sand on May 17. The washing season will end in October. The target of this year is 75 kg of gold, up by 41% YoY, or by 22 kg. Vostok-2…Details
In July Ukraine will produce 1.7 million tons of steel.
According to Ukrmetallurgprom, pig iron output will total 1.6 million tons and rolled metal – 1.4 million tons.
For June Ukrmetallurgprom forecast steel output on the level of 1.6 million tons. (Ukrainian metal)
The state gas company Ukrgazdobycha has ordered Interpipe Ukraine LLC the delivery of 3439 tons of compressor-pump pipes valued at 174.99 million UAH. According to the agreement the pipes have to be supplied in June-August. In May Ukrgazdobycha bought 17 thousand tons of casing pipes valued at 839.2 million UAH from Interpipe. In 2016 Interpipe…Details
Ukrainian Prime Minister Vladimir Groysman claims that none of the state companies buys coal from Russia.
According to him, the Cabinet of Ministers does its best to diversify coal deliveries.
“We’re replacing coal with other fuel types, especially anthracite coal, which is now on Ukrainian mines, seized by Russia-supported militants”, he said. (Ukrainian metal)
In May industrial output in Ukraine increased by 1.2% YoY.
According to the State Statistics Service, quarrying production decreased by 4.6%.
Metal output dropped by 8%, coke – by 20.6%. (Ukrainian metal)
Peter Hambro has lost his bid to stop a major Russian investor from filleting the board of Petropavlovsk, the gold mining company he co-founded more than 20 years ago. Shareholders at the London-listed miner’s AGM voted 70% in favor of a resolution by Renova to oppose the reappointment of Hambro. They also voted down the…Details
This year scrap procurement will be lower than last year. “In 2016 Ukraine procured 3.471 million tons of scrap. It’s difficult to forecast anything for this year, but we believe that procurement will decrease”, Ukrmetallurgprom president Alexander Kalenkov said. Last year local market received 3.192 million tons of Ukrainian scrap. In January-May 2017 scrap deliveries…Details
The EBRD is deepening its efforts to promote economic inclusion in the energy sector and the extractive industries of Kazakhstan with a $ 140 million loan to Bakyrchik Mining Venture LLP for the development of the Kyzyl gold deposit. The investment will create hundreds of jobs in eastern Kazakhstan and bring the highest international standards…Details
Sulukta coal deposit was put up for auction, the State Committee of Industry, Energy and Subsoil Use of Kyrgyzstan reported. The starting price of plot No. 5 (mine shaft 2/8) is $3,800. According to the forecasts, coal reserves at the field are 381,190.5 tons. The local section Vostochniy (parts of mine shaft 6/18) was put…Details
Uzbek President Shavkat Mirziyoyev by his decree has approved a framework agreement with the European Bank for Reconstruction and Development (EBRD) for implementation of the uranium tailings remediation program of the Environmental Remediation Account for Central Asia (ERA). The framework agreement was signed on March 16 in Tashkent during the visit of the EBRD delegation,…Details
Attractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…Details
Severstal (one of the world’s leading vertically integrated steel and mining companies) and PJSC Power Machines have concluded a contract for technical upgrade of a cogeneration plant – steam blower station turbogenerator No. 5 of the Cherepovets Iron and Steel Works (a part of Severstal Russian Steel division). The cost of the contract is more…Details
Ukrmetallurgprom and UAVtormet have signed a memorandum of understanding and cooperation. The document was signed by Ukrmetallurgprom president Alexander Kalenkov and UAVtormet chairman Vladimir Bubley. “We and the scrap procurers have a lot of common issues that need to be solved”, Kalenkov said. According to him, the sides have a positive experience of cooperation. “Last…Details
In 2017-2018 Chukotka autonomous district expects a drop in gold output to 26 tons, by 11% YoY, while in 2019 it will increase by 10% to 2016, to 32 tons. Silver output is expected at 140-160 tons per year. Alluvial gold production will be on the level of 2 tons per year. In 2016 Chukotka…Details
The growing demand for galvanized rolled metal this year will be satisfied, in particular, because of the MMK putting into operation a new continuous hot-galvanizing machine. According to the company marketing specialist Igor Sapozhnikov, metal consumption in Russia this year will revive after a 3-years decrease. The main industries to support this growth will be…Details
Under the increasing demand and the shortage on the construction nails market Metiznaya Torgovaya Kompaniya (Metal Wares Trading Company) forecasts the increase in prices of manufacturers by 3-5% from July 1.
The company also supposes that prices for bridge fasteners will increase by 10%, and electrodes – by 5%. (Ukrainian metal)
Scrap export duties have to be restrictive. According to Interpipe-Vtormet director Valentin Makarenko, the company has to limit output because of the lack of scrap, which is its main raw material. “We cannot load all the capacities now, as we don’t have enough scrap. So we believe that only Ukrainian metal companies should use Ukrainian…Details
The authorities of the so-called Donetsk People’s Republic, the terrorist organization created and supported by Russia, could not resume operation at the Donetsk Iron and Steel Works, seized from Ukraine. “The works had to start operation in May, but due to a number of objective reasons, the launch has been rescheduled for late July”, the…Details
In May railroad deliveries of rolled steel from NLMK to Russian customers and abroad totaled 1.08 million tons, up by 6.4% MoM and by 5.1% YoY. In April the sales were down by 11.6% MoM and by 5.5% YoY respectively. In May local deliveries reached 342 thousand tons, up by 25.8% MoM, but down by…Details
Chelyabinsk Pipe-Rolling Works has placed BO-001R-04 bonds in the amount of 10 billion rubles.
The company intended to have 9-9.25% interest, but in the end it stood at 8.95%.
Rosbank, BCS Global Markets, Raiffeisenbank, Renaissance Capital and Sovkombank have been the organizers of the placement. (Ukrainian metal)