Silver and gold company Polymetal International is considering building a plant to refine refractory gold ore in the city of Sovetskaya Gavan in Russia’s Far East, according to a statement published by the regional government on November 7. “The Sovetskaya Gavan’s site has all the necessary infrastructure and suits the new facility perfectly: there is…Details
The board of directors of the gold-mining company Nordgold, controlled by Russian tycoon Alexei Mordashov, has approved paying $0.0318 per share, or a total of $10.8 million, in dividends for July-September, the company said in a statement on November 7. The record date for the dividends is November 10, and the payment will be done…Details
Ukrainian metal companies tentatively decreased coke production by 20% YoY in January-October, to 8.588 million tons, the Ukrmetallurgprom association (Dnipro) has reported. Pipe production grew by 25%, to 876,000 tons. In October alone, 93,600 tons of pipes and 901,000 tons of coke were made. According to the revised data, metal companies in January-October produced 15.179…Details
The Scythia Graeca bulker with 75,000 tons of anthracite from South Africa for thermal power plants (TPPs) of DTEK Energo arrived in the Chornomorsk seaport (Odessa region) on November 3, the company’s press service has reported. The unloading of the vessels has been started. Coal will be delivered to the warehouses of Kryvy Rih TPP,…Details
ArcelorMittal Kriviy Rih is finishing switching to grading salary.
In April the work to develop and implement the multi-level wage system began.
On May 1, salary increased by 35-70%. (Ukrainian metal)
The Obukhovskaya Mine Group (Rostov region), owned by DTEK, in May-September exported 27.193 thousand tons of anthracite to Egypt, Italy, the Czech Republic and Poland. At the same time Ukraine desperately needs this coal for heat generation. In particular, the mine group supplied 5.44 thousand tons of coal valued at $470.26 thousand to ArcelorMittal Ostrava…Details
The court allowed selling the property of the state enterprise Volynugol because of its debts, as it had not been paying land tax. According to the head of the State Fiscal Service department in Volyn region Svetlana Savchuk, despite the 4.5 billion UAH payments to the budgets of all levels in January-October, there is a…Details
German cartel office has granted Interpipe and Vallourec the right to create the joint venture in Europe. The decision was taken on October 26, and published on November 5. The companies appealed for the JV creation on October 4. In Germany Vallourec owns Rath, Reisholz, Milheim an der Ruhr and 20% in Huttenwerke Krupp Mannesmann.…Details
Vysochaishiy (GV Gold) has completed the deal on advance purchase of 5.26% of its shares from the European Bank for Reconstruction and Development. The shares were transferred to Sakha GoldMining. The final payment was $39 million. The total cost of the shares was $62 million. According to the agreement signed in December 2015, EBRD was…Details
Uchaly Mining and Processing Works is finishing the modernization of the electricity consumption automated monitoring system. This is the first stage to implement the automated system of energy resources usage monitoring. Over 300 new devices to control and monitor electricity consumption have been assembled in the shops. The company intends to decrease electricity consumption by…Details
In January-October Ukraine imported 15.082 million tons of coal valued at $2.151 billion. According to the State Fiscal Service, Russia supplied $1.198 billion worth of coal (55.7%), USA – $546.822 million (25.42%), Australia – $116.423 million (5.41%) and other countries – $289.782 million (13.47%). At the same time Ukraine exported $48.741 million worth of coal…Details
USA have imposed preliminary antidumping duties on the import of steel wire from Ukraine, as well as Italy, South Korea, South Africa, Spain, Turkey and UK. Preliminary duty is set from 2.8% to 142.26%. Final size of the duty will be announced on January 8, 2018. At the same time, the final decision on Turkey…Details
The main way of producing steel in October was oxygen-converter method, accounting for 71.7% (1.36 million tons out of 1.896 million tons). Then comes open-hearth furnace with 22.12% (419 thousand tons), followed by electric arc furnace (6.18%, 117 thousand tons). In January-October oxygen-converter shops produced 12.3 million tons of steel out of 17.7 million tons…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 9.8 million UAH. Until the end of the year the company will have transported 70 thousand tons of uranium ore from the Novokonstantinovskaya mine to Ingulskaya mine and 20 thousand tons of aggregate (inert materials) back.…Details
The new owner of Dneprometiz has not applied to the Antimonopoly Committee of Ukraine for the right to buy the controlling packet of shares.
“In case such an appeal is received, we will review it and make a corresponding decision according to the current legislation”, the committee said. (Ukrainian metal)
Revda Non-Ferrous Metals Processing Works has received a new crucible melting furnace. All the parts are still unpacked, as the engineers of the smelting shop No. 1 are studying the documents. The new furnace will, among other things, decrease air pollution. With the new machine it will be easier to produce multi-component aluminum alloys. Their…Details
Cherepovets Iron and Steel Works has completed the capital repairs of the converter complex No. 2. The cost of works totaled 70 million rubles. “The capital repair of the complex is carried out each 6 months. This time the repairmen were able to hit a record – they finished all the work 3 days earlier…Details
Management of Russian Aluminum Association has held negotiations with the management of Japan Aluminum Association in Tokyo. The Japan party was presented detailed information on technological parks being created in the cities of Krasnoyarsk and Volgograd as well as the Republic of Khakassia, ways to establish manufacture there, privileges, etc. The parties also discussed cooperation…Details
RUSAL announces the launch of its bespoke new low-carbon aluminum brand, ALLOW, which features a significantly lower carbon footprint – specific volume of greenhouse gas emissions – as compared to the industry average. As demand amongst consumers grows for more sustainable and environmentally friendly aluminum, RUSAL has seized on the opportunity to utilize its unique…Details
The Economic Court of Dnipropetrovsk region has decided to liquidate PJSC Nikopol Pipe Plant (Dnipropetrovsk region) during the year. According to the company’s official information, the court made the relevant decision on November 2. The term of the liquidation procedure is 12 months. In addition, it is reported that the value of the company’s net…Details
Vostochniy Mining and Processing Works has ordered the Eco-Service Trading House LLC the delivery of sulfur valued at 29.19 million UAH. This year the company will supply 7300 tons of granulated technical sulfur with the contents of the main material of 99.98% at 3999 UAH per ton. The payment will be carried out within half…Details
The miners of Rodinskaya mine (the state enterprise Mirnogradugol) refuse to return to the surface because of the 3-month salary debt. “14 miners remain underground demanding salary payment for 3 months. They threaten to go on a hunger strike”, Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. According…Details
Export of Russian coal in January-October increased by 13.7% YoY, to nearly 155,3 million tons, the Ministry of Energy said.
The commodity exports volume in October reached 16,458,000 tons.
Coal mining in January-October amounted to 336,2 million tons, of which 292,2 million tons were shipped. (PortNews/Ukrainian metal)
Belarus and Venezuela will be able to achieve the goals they set forth and strengthen the relations of cooperation and friendship, Belarus Industry Minister Vitaly Vovk said at the meeting with Venezuelan Minister for Basic, Strategic and Socialist Industries Juan Arias. The parties discussed bilateral cooperation, especially in iron and steel manufacturing. According to Vitaly…Details