Russia: UEM copper sulfate output up in January-August 2017

In January-August Uralelectromed produced 31 thousand tons of copper sulfate, up 1.6-fold YoY.

The output increase has to do with the favorable market situation, flexible marketing policy of the company and the constant replacement of equipment.

Some 70% of its copper sulfate the company exports to Europe. (Ukrainian metal)

Russia: Severstal repays guaranteed convertible bonds due 2017

PAO Severstal announces the repayment of $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by Holdgrove Limited and guaranteed by PAO Severstal. Holdgrove Limited (the “Issuer”), a wholly-owned subsidiary of PAO Severstal incorporated under the laws of the Republic of Cyprus, has fully repaid the $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by the…

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Belarus: BMZ gets strategic supplier status from top Russian tire maker

The Belarus Iron and Steel Works has been granted the strategic supplier status by the top Russian tire manufacturer Cordiant, BMZ Press Secretary Alexander Olesik reported. The relevant certificate was presented to BMZ representatives during the Supplier’s Day conference in the Russian city of Yaroslavl when the 15th anniversary since the tire maker was established…

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Ukraine: Volynugol coal output down

The situation at the state enterprise Volynugol has been discussed at the region state administration. According to the administration chairman Vladimir Gunchik, the Volynugol results are by far not the best among coal industry enterprises. “Coal mining has dropped by 57 thousand tons”, he said. The miners haven’t been paid salary for 1.5 months. “That’s…

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Ukraine: AMKR receives 5 BelAZs

The mining division of ArcelorMittal Kriviy Rih has received 5 new BelAZs.

Their capacity is 130 tons, and length – 17 meters.

The ceremony of putting the trucks into operation was held with the participation of AMKR CEO Paramjit Kahlon, the BelAZ managers and the company employees. (Ukrainian metal)

Russia: Ukhtageoservis suspends gold harvesting in Komi

Ukhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions.

The company has been fined for 918 thousand rubles.

Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)

Russia: Kuzbass coking coal output up in January-August 2017

In January-August Kemerovo region mined 159.5 million tons of coal, up by 7.6% YoY.

In August output dropped by 1.5% YoY, to 20.3 million tons.

Coking coal accounts for 26.3% of 8-months output, or 41.9 million tons.

Coal sales totaled 136.5 million tons, including 92.9 million tons shipped for export. (Ukrainian metal)

Russia: CherMK finishes BF1 repairs

Cherepovets Iron and Steel Works has finished the capital repairs of its blast furnace No. 1.

The cost of the repairs was some 1.8 billion rubles. The work has been carried out 9 days earlier.

The repair lasted for 33 days. The work prolonged the BF1 operation by at least 7 years. (Ukrainian metal)

Ukraine: metal output down in August 2017

In August Ukraine produced 939 thousand tons of steel, not counting continuous-cast semi-finished products, up by 0.5% YoY, but down by 3.7% MoM. According to the State Statistics Service, the temporarily occupied territory of Crimea and a part of the Antiterrorist operation zone are not taken into account. Steel output in 8 months decreased by…

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Russia: Zapadnaya Coal Company mines 390 thousand tons of coal

In January-August the Zapadnaya Coal Company mined 390.6 thousand tons of coal at the Krutoyarsky site of the Konstantinovskoye deposits, up 2.5-fold YoY.

This year the company intends to yield 450 thousand tons of coal. Thus, so far the target has been 87% complete. (Ukrainian metal)

Russia: Sakhalin mines 4.7 million tons of coal

In January-August Sakhalin region mined 4.7 million tons of coal, up 1.4-fold YoY.

At present 10 enterprises mine for coal in the region, with two companies – Solntsevskiy coal pit LLC and Gornyak LLC – accounting for 65%. (Ukrainian metal)

Russia: Metalloinvest shuffles board of directors

Metalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…

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