International rating agency Moody’s has improved its outlook of corporate ratings of Russian aluminum giant UC RUSAL to Positive from Stable, affirmed the corporate credit rating at Ba3 and the probability of default rating at Ba3-PD, the agency said in a research note late on September 26. Moody’s improved the outlook due to deleverage of…Details
Reclamation of the uranium-tailing dump near Min-Kush village in Naryn region of Kyrgyzstan has started, the Director of the Center for State Regulation of Environmental Protection and Ecological Safety under the State Agency for Environmental Protection and Forestry, Baigabyl Tolongutov, reported. According to him, the reclamation was started by Rosatom (Russia). It plans to spend…Details
Uzbekistan transferred the state share in the authorized capital of JSC “Uzmetkombinat” to the trust management of SFI Management Group. According to the agreement, all the deputies of the chairman of “Uzmetkombinat” will be appointed and dismissed from their positions by the supervisory board on the proposal of the SFI Management Group. The company will…Details
In January-July, according to the customs statistics, Russia imported 345.1 thousand tons of polymer-coated steel, up by 34.3% YoY, and by 3.3% from 2015, but much lower than in the previous 5 years. The main supplier was China (62%). The average price was $796.7 per ton. Deliveries went up by 85.4% YoY, and price –…Details
In July, according to the customs statistics, imports of rolled plate from Austria totaled 16.3 thousand tons, up by 24.4% MoM. In June exports dropped by 57%, but May saw the highest monthly result of 30.7 thousand tons since October 2016, when Russia started importing plates from Austria. In January-July Russia imported 146.7 thousand tons…Details
By the end of the year Central Asia Metals intends to have concluded the deal on buying 100% of Lynx Resources Limited, which owns zinc-lead-silver deposits SASA in Macedonia. The deal is estimated at $402.5 million. In H1 SASA yielded 391 thousand tons of ore, producing 10.7 thousand tons of zinc and 14.9 thousand tons…Details
Korshunovsky Mining and Processing Works has started supplying iron ore concentrate to the Elgaugol LLC Elga factory. So far the first batch of 190 tons has been shipped. By the end of the year KGOK will have supplied some 1140 tons of concentrate. In 2018 the Elga factory will be receiving 190 tons of concentrate…Details
The Zeyskaya Taiga LLC, which extracts alluvial gold in Amur region, has so far obtained 80 kg of gold, up from its target of 65 kg. According to the company statement, the season is expected to be completed in early October. In 2014 the company yielded 14.3 kg of gold, in 2015 – 32.2 kg,…Details
In 2017 zinc output at Chelyabinsk Zinc Works could grow by 5% YoY, to 183 thousand tons. According to the company CEO Pavel Izbrecht, indium output should total 4.5 tons. Favorable market situation allowed the company in 2016 to get the revenue of 28 billion rubles and the net profit of 3.2 billion rubles, investing…Details
By 2018 Sakha Sino Stal will have completed the construction of a plant to produce metal structures with the capacity of 500 tons per month near the city of Yakutsk. The structures will be made of steel used under low temperatures. Sakha Sino Stal was registered in September; its main activities are manufacture of metal…Details
Mechel-Service has shipped over 5 thousand tons of rebars for the housing construction in the city of Rostov-on-Don. The metal is used in the construction of a number of housing projects, in particular, Nikolayevsky, Yekaterininsky, and Arbat. All the rebars have been produced at Chelyabinsk Iron and Steel Works. “We have positive expectations of the…Details
In January-August industrial output in Donetsk region (not counting the antiterrorist operation zone) dropped by 12.6% YoY. In August metal output decreased by 16.9%, coke – by 17.5% YoY. In 8 months metal manufacture dropped by 7.5%, coke – by 23,7%. Coalmining totaled 7.2 million tons, down by 24.6% YoY, or by 2.3 million tons.…Details
DTEK intends to increase gas-coal output to 25 million tons per year to be able to fully cover Ukraine’s need in the fuel. “We have enough gas-coal stocks. But this is the matter of state policy, the issue of price creation and the market tools, which have to work. Coal industry needs constant investments”, the…Details
The restoration of the 10% tungsten ore and concentrates export duty, scheduled for September, has been postponed till the end of the year.
Thus the current 0% duty will be valid through December 31.
The export duty was imposed in 2013. In 2016 after requests from manufacturers it was temporarily cancelled. (Ukrainian metal)
Vorkutaugol, one of the major coalmining companies in Russia, has processed a record of 135 thousand tons of coking coal in a month.
In order to hit a record, the company Pechorskaya central processing factory carried out all the necessary preparation works in H1. (Ukrainian metal)
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)
The Supreme Commercial Court has confirmed the ruling to recover 6 million UAH from the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works for the illegal use of the city land. Without any contracts and agreements ZALK has been using the territory of the city with the total size of 50 ha, thus…Details
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…Details
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…Details
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…Details
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)
According to the minister of energy and coal industry Igor Nasalik, Lviv region provides 50% of all Ukrainian coal. “As Lvivugol covers 50% of energy needs daily, the matter of its development is of utmost importance both for the region and the power of the whole country”, he said. This year the state enterprise will…Details
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)
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)