It is necessary to introduce the state of emergency in the energy sector if anthracite coal supplies are not resumed in the near future, Ukrenergo Acting CEO Vsevolod Kovalchuk has stated this at a meeting of the anti-crisis energy staff. “There are 842 thousand tons of anthracite coal reserves in the storage facilities of all…Details
State Property Fund of Ukraine (SPFU) has confirmed the fulfillment of investment obligations by ArcelorMittal Duisburg Beteiligungsgesellschaft mbH (owner of 95.13% shares of ArcelorMittal Kriviy Rih) in 2016 according to Sale and Purchase Agreement. SPFU conducted the inspection at ArcelorMittal Kriviy Rih on February 7-10. This is the 18th inspection of SPFU conducted directly at…Details
Dimosenco Holdings, an affiliate of Russian billionaire Mikhail Prokhorov’s Onexim group, has started collecting bids for 2.5% in aluminum giant UC RUSAL at a price of $200 million, a banking source reported. The offer is in the form of accelerated bookbuilding, which indicates that Onexim may increase it, the source said. VTB Capital acts as…Details
Ukraine’s coal production is expected to increase by 60-80%, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has stated. “I look at the development of coal industry with optimism. We have set a task to increase coal production by almost 60-80%, and we will achieve this result by joint efforts,” Nasalyk said. According to him,…Details
The program to purchase all the necessary things for Selidovugol new long faces will not be financed. This has been reported by the energy and coal industry minister Igor Nasalik, who has thanked the ministry working group for all the claims to the prices that have allowed to decrease the ministry expenses. He said that…Details
VIZ-Stal, a part of NLMK, has completed the first stage of transformer rolled metal thermal treatment machinery modernization. In particular, 8 new stands of bell furnaces have replaced outdated machinery, improving the reliability of the furnaces and decreasing expenses. Within the first stage of the modernization program 7% of all the stands at VIZ-Stal have…Details
In 2016 Izhstal, a part of Mechel, increased deliveries to Belarusian MAZ by 71% YoY. Supplies to Spetsagro increased by 96%. Shipments to other major Belarusian companies also increased. In 2016 exports totaled 7.5% of Izhstal output. The company exported to 21 countries. Major importers were Belarus, Belgium, Kazakhstan, USA, Germany and France. Alloyed steel…Details
In 2016 Kyshtym Electrolytic Copper Plant, a part of Russian Copper Company, produced 122180.612 tons of copper cathodes, the record high result in the history of the company. The increase has been achieved thanks to the Karabashmed copper deliveries growth. The plant also produced 93729.629 tons of copper wire rods, or 21% of all the…Details
In 2017 coal companies of Russia plan to export 175 million tons of coal, up by 10 million tons YoY.
In 2016 Russia mined 385 million tons of coal, with Kuzbass region yielding 227.4 million tons. 165 million tons were exported. (Ukrainian metal)
The Russian aide on image to the head of the so-called Donetsk People’s Republic Alexander Kazakov said that Ukraine should pay for the coal received from the occupied territories of Donbass to the terrorist republics “budgets”. He said this following the comments of the Ukrainian Prime Minister Vladimir Groysman that Ukrainian power and metal industries…Details
Dneprovsky Iron and Steel Works has asked the President of Ukraine Petr Poroshenko to help break the railroad blockade near the Svetlanovo-Shpilovo stations route in Lugansk region. According to the company letter, DMZ, Alchevsk Iron and Steel Works, as well as Alchevsk Coke and Chemical Works pay taxes to the state budget. Last year they…Details
Metalloinvest announced the signing of an additional loan agreement with ING Bank. According to the terms of the agreement, the ING Bank has increased the limit of the company’s revolving credit line from $100 million to $150 million and extended the duration of the loan by two years. The bank has also improved the terms…Details
On February 6, the South-Western Railroads, a subsidiary of Ukrzaliznytsia, held its first scrap auctions with the total value of 4.2 million UAH. The trade was announced on January 25. Only 2 companies participated: Nizhin Research and Mechanical Plant (NDMZ) and Trading House Budkom. The initial price of the auction was 5935 UAH per ton.…Details
Novotroitsk Plant of Chromium Compounds has invested 868.1 million rubles in construction of a ferroalloy production facility in the city of Novotroitsk, the Orenburg region government said in a statement. The annual production capacity of the new facility is 240 tons of degassed aluminothermal chrome in the form of tablets, 7.1 tons of metallurgic chrome…Details
In 2016 Almalyk Mining and Processing Works manufactured an industrial machine to produce coal briquettes. The further works is underway.
In January the works produced and assembled 5 new machines. By May the company plans to have produced 61 units.
In January coalmining companies of the Siberian Coal and Power Company in Zabaikalsky Krai increased deliveries of coal by 11.6% YoY. The increase was the result of the grown demand from power companies, and miners even had to work during New Year holidays. In 2016 SUEK mined 4.4 million tons of coal, up by 208.8…Details
Almalyk Mining and Processing Works started manufacturing new product – copper wire.
The output at the shop will reach 5 thousand tons of copper wire per year with the diameter of 1-4.5 mm.
Raw materials – copper wire rod – will be supplied by Uzkabel.
The project allowed creating 23 new jobs. (Ukrainian metal)
The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…Details
Mikhail Spektor has been appointed the president of Black Iron to speed up the implementation of iron ore extraction and processing project in Ukraine. According to the company statement, up till September 2015, he has been the president of the VS Energy. Spektor will be responsible for obtaining all the necessary permits from the government…Details
Financial results of the Severstal Group cannot be considered satisfactory, Severstal CEO Alexander Shevelyov said. “If we analyze the results we will see that Severstal, unfortunately, has shown the worst dynamics among metal companies in Russia. We have increase profit from sales compared with 2015, but it is considerably low than that of NLMK or…Details
Magnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, as the date for the annual general meeting of shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 2, at the close…Details
Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…Details
The licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…Details
Mariupol Ilyich Iron and Steel Works decided to decrease output because of the blockade of the railroad to the uncontrolled territories. “The stable transport connection is part and parcel of the functioning of our enterprises. Our raw material stocks are dwindling. We even have to make a decision to decrease output. Without the operation of…Details