At a meeting on December 23, members of the Board of Directors of NLMK Group approved of several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group’s Information Disclosure Policy. The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system, which…Details
Metinvest mining and steel group has appealed to the holders of its eurobonds and creditor banks, providing pre-export financing, with a proposal to convert all of the obligations into a single issue of eurobonds. The statement has been posted on the website of the Irish Stock Exchange (ISE). The company, in particular, proposes to combine…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 442 664 343 420 November 442 664 366 434 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…Details
A conveyor belt with coal on it has caught fire at a facility of Russia’s Magnitogorsk Iron and Steel Works (MMK) in the city of Chelyabinsk, the regional department of the Emergency Situations Ministry said in a statement. In total, 200 line meters of the conveyor belt between a coal beneficiation facility and an eighth…Details
Vorkutaugol has finished modernization of the Pechorskaya Central Processing Factory. The total cost of the investment project is 1.35 billion rubles. The program started in 2012, and the factory has been operating all the time. As the result, the factory capacity increased by 65%, from 7.5 million tons of coal to 11.5 million tons of…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports min max min max min max October 396 482 347 400 375 395 November 396 497 357 469 425 435 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16…Details
In 2016 Beloretsk Iron and Steel Works, a part of Mechel, started producing 12 new types of metal wares: wire, rope and bands for various industries. In particular, BMK started producing steel spring wire for automobiles, AiSi 304 stainless steel wire with high corrosion- and heat-resistant qualities for various industries. The works also supplied new…Details
In January-November Donetsk region (without the ATO zone) increased industrial output by 5.4% YoY. In November output went up by 10.2% YoY, but dropped by 1.5% MoM. Metal and metal wares output increased by 7.7%, mining and quarrying – by 7.9%, coke – by 16.7%. In November metal and metal wares output dropped by 6.7%…Details
In mid-December Corum Group shipped the second roadheader to ArcelorMittal Temirtau.
According to the company statement, the machine will operate at Kazakhstanskaya mine.
The total lot of the machinery ordered comprises 4 pieces. The first one was produced in October and shipped in November. The final shipment is scheduled for January 2017. (Ukrainian metal)
On December 21, Boeing and VSMPO-Avisma announced the decision to increase Ural Boeing Manufacturing works capacities.
The new site will process titanium formings for all the Boieng aircraft, including the new 737 MAX and 777X models.
The new site will open in Q1 2018. (Ukrainian metal)
Chelyabinsk Iron and Steel Works, a part of Mechel, is increasing the range and output volumes of its measuring bars. A new site has been created at the works with two-dozen specialized mills. The site will produce rods with 6-10 mm diameter. 70 new jobs will be created and the company will be able to…Details
In January-November raw nickel output in Russia decreased by 16.4% YoY.
According to the Federal Service of State Statistics, in November raw nickel output dropped by 28.5% YoY and by 0.5% MoM. (Ukrainian metal)
In January-November Poltava Mining and Processing Works, a part of Ferrexpo, exported 10.2million tons of iron ore pellets. The products were shipped to Europe and the Near East, as well as Japan, Korea and China. In the same period Central GOK exported 2 million tons of pellets, with Karelsky okatysh exporting 4.439 million tons, Mikhaylovsky…Details
The Ministry of energy and coal industry has set a goal to decrease the dependence on the anthracite coal, supplied from the ATO zone, by 30% per year. “In 3 years we have to be completely independent of this coal”, the minister Igor Nasalik said. According to him, on March 1, 2017 the second block…Details
Ukraine intends to clear its salary debts to the state miners by January 2017. According to the minister of energy coal industry Igor Nasalik, all the debts will be cleared by January 1, 2017. “The miners will be celebrating the New Year’s Day and the Christmas with enough money”, he said. In spring 2016 the…Details
KazElMash has opened a new works in Shymkent on the winding manufacture and the capital repairs of engines. The cost of the project is 75 million tenge, with 30 jobs created and the project capacity of 12 tons of rolled wire per year. This is the only works to produce winding in the South Kazakhstan…Details
In January-November raw copper output in Russia increased by 0.1%.
According to the Federal Service of State Statistics, copper plates, sheets, bars and bands output went up by 4.9% YoY, of rods and sections – by 19.2%, while that of wire dropped by 14.2% and of foil – by 9.4%. (Ukrainian metal)
Pervouralsk New Pipe Works, a part of ChTPZ, will supply 4 thousand tons of compressor-pump pipes to Canada. According to the contract, the company will supply 60.3 mm diameter and 4.8 mm wall thickness as well as 73 mm diameter and 5.51 mm wall thickness pipes with the length of 9.3-9.8 meters made of J55L80-1…Details
The Mine Group named after Space Heroes has fulfilled its annual target by mining 4.5 million tons of coal. This is the record-high result in the Mine Group history and the highest in Ukraine. In November Blagodatnaya mine was the first among DTEK enterprises to reach the annual target, with Space Heroes following in December.…Details
The Verkhovnaya Rada of Ukraine has provided for 150 million UAH in the state budget-2017 for the construction of Novovolynskaya mine No. 10 (Volynugol). 20 million UAH were expected to be given for construction, but then the amount was increased by 130 million UAH. The money will be provided by decreasing support to state mines.…Details
The production plan for 2016 at Dalur has been 100% fulfilled. By the end of the year the company plans to have mined 591 tons of uranium, on the 2015 level. “Next year we plan to start working at the Dobrovolskoye deposits in Kurgan region. Machinery to mine scandium is being assembled at our Central…Details
The coal from the territory of the so-called Lugansk and Donetsk People’s Republics could become useless. Ukraine was forced to buy coal from the occupied territories, but now could stop the purchases altogether. According to the first deputy chairman of the BPP fraction Igor Kononenko, Ukraine had to buy the separatist coal in order not…Details
Samarskaya mine has put long face No. 4202 into operation.
Its 569 thousand tons of coal will allow the miners to work for a year. The face length is 184 meters. The average daily output is expected to exceed 2 thousand tons of coal. (Ukrainian metal)
The Verkhovnaya Rada of Ukraine has provided for 870 million UAH in the state budget-2017 under the state coal companies support program by partially compensating for the coal extraction expenses.
Moreover, the construction of the Novovolynskaya No. 10 mine will get 150 million UAH, taking into account the previously given 20 million UAH. (Ukrainian metal)