Russia: Yakovlevsky mine resumes operation

After a 6-months idleness Metal-group has resumed iron ore extraction at its Yakovlevsky mine in Belgorod region.

By March almost all employees have to be engaged in the work. Annual ore output is expected to increase to 100 thousand tons.

Since February 1, the operation started in limited volume, with 55% employees working. (Ukrainian metal)

Russia: Chelyabinsk Zinc modernizes indium manufacture

Chelyabinsk Zinc Works, a part of UMMC, carries on its large-scale technical modernization of the indium manufacture. According to the company spokesperson Natalia Vasilyeva, the works is the largest manufacturer of IN-00 indium with 99.999% metal content in the CIS-countries. The reconstruction of the hydrometallurgical shop saw the assembly of the new filter-press of FIL-TEC.…


Russia: coalmining up in Sakhalin

In 2016 coalmining enterprises of the Sakhalin region yielded around 7 million tons of coal, up by 27% YoY. Vostochnaya Mining Company (VGK) mined the most – 4 million tons (3.7 million tons in 2015). 4.65 million tons of coal was exported to the Asian-Pacific countries, up by 16% YoY. South Korea imported 2 million…


Russia: NLMK improves sales structure

In 2016 Russia consumed 8.15 million tons of hot-rolled sheet, with NLMK share at 1.32 million tons. In cold-rolled segment Russia’s consumption was 2.97 million tons, and NLMK supplied 0.81 million tons, in galvanized rolled metal – 2.9 million tons and 0.58 million tons respectively, in metal with polymeric coating – 1.91 million and 0.45…


USA: NLMK refinances $250 million loan

NLMK USA, NLMK Group’s American Division, has refinanced a $250 million credit line acquired in 2011. The new revolving credit line has a maturity of 4 years and will be used to finance working capital and general corporate activities. The borrowers are NLMK Indiana, NLMK Pennsylvania, Sharon Coating, and NLMK North America Plate trading companies.…


Tajikistan: TALCO to purchase Sozidaniye Business Center and Hyatt Regency Hotel from Rusal

The Tajik government intends to purchase the Sozidaniye Business Center and the Hyatt Regency Hotel that are located in Dushanbe from Russian aluminum giant, United Company Russian Aluminum (Rusal). The sides have reached an agreement and the Tajik Aluminum Company (TALCO) will pay Rusal around $150 million over a 10-year period. Meanwhile, a source familiar…


Ukraine: government to diversify coal supplies and create coal reserve

Ukraine’s National Security and Defense Council (NSDC) has instructed the country’s government to urgently take exhaustive measures to neutralize the threats to Ukraine’s energy security. The relevant NSDC decision, dated February 16, was enacted by the presidential decree No. 37/2017 published on the Ukrainian president’s official site. “The Ukrainian Cabinet of Ministers is forthwith to…