Russian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…Details
DTEK Komsomolets Donbassa mine, with assets on the occupied territory of Donetsk region, has to pay 13.8 million UAH to the Pension Fund. The company has long been not paying pensions to its employees and not reimbursing the Pension Fund, as the result its debt amounted to 13.8 million UAH. The Donetsk region prosecutors filed…Details
Uskovskaya mine is one of the best coal enterprises of Kuzbass as to output. 1 million tons of coal have been mined from two long faces – 50-10 and 50-08 (put into operation in May). The target was reached in 4 months. Each month the miners yield 250 thousand tons of coal. The first 1…Details
Cherepovets Iron and Steel Works has set a new manufacturing record making 75 smeltings on two converters in one shift.
The new schedule on smelting has been prepared with the help of manufacture and orders planning department.
Severstal-Vtorchermet supplied enough scrap.
The previous record was set in June 2015 – 70 smeltings. (Ukrainian metal)
Severstal has received the certificate that the V550V steel for concrete reinforcement with the diameter of 10-32 mm produced by Cherepovets Iron and Steel Works meets all requirements of the Latvian state standards LVS 191-1:2012 and LVS 191-1:2012/AS:2015.
Severstal became the first foreign supplier of rebars to be certified according to these standards. (Ukrainian metal)
On June 27 the Iron and Steel Works named after Komintern was on fire. “The roof of the manufacturing premises was in fire. The size of the fire was 250 square meters. There were no casualties”, the emergency service reported. According to the witnesses, the pipe shop was in flames. Kominmet produces steel pipes and…Details
The Zaporizhstal computer network has become a target of the virus attack. But the computer system has been saved, as the threat has been timely found. When the threat has been discovered, the decision has been taken to switch all computers off. At present all the metal manufacture at the works is operating in normal…Details
Evraz has reported that its information system has been attacked by hackers.
“There was a malfunction in the net. The main manufacture is operating. There is no threat to the employees and the enterprises. The specialists are dealing with the situation”, the group said. (Ukrainian metal)
Valki-Ilmenit, despite the cancellation of license, goes on mining raw materials in Zhytomir region for Crimean Titanium, connected with Dmitry Firtash. “On the territory of Zhytomir region there is Valki-Ilmenit LLC, a sole quarry which supplies raw materials to the occupied Crimea, to Crimean Titanium. On March 28, the State Geology Service cancelled its license…Details
Poland’s Weglokoks has no plans to import coal from Russia, the company said in a statement following a report by newspaper Rzeczpospolita that it plans to do so due to the lack of own production. “There are many possible directions of coal imports. They are currently being analyzed, but preliminary understanding of the markets already…Details
Employees of Georezerv TK CJSC are on an indefinite strike, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the workers completely stopped the work of Ak-Tyuz processing plant in connection with the non-fulfillment of the requirements for payment of wages, provision with overalls,…Details
On June 20 the state enterprise VostGOK Ingulskaya mine was allowed to develop a new zone of uranium ores within the range of the blocks-of-flats in Kropivnitsky. At the same time Smolinskaya mine employees intend to go on a strike. VostGOK has been allowed to work at the site for 10 years, and the company…Details
Russia and Ukraine plan to sign a new contract on supply of Ukrainian uranium to Russia in summer, International Uranium Enrichment Center General Director Gleb Yefremov said. “This year the agreement on creation of the IUEC was renewed for another 10-year period, but given the current inexplicable prices for uranium, for uranium fuel components, we…Details
Poland’s Weglokoks plans to import Russian coal. The company has already received consent from the government. Poland produces 80,000-110,000 tons of coal daily, but needs 150,000 tons. As a result, Poland can have an up to 5 million ton shortage in 2017. Weglokoks spokesman Pawel Cyz said that the company was considering various opportunities and…Details
Shareholders of Ordzhonikidze Mining and Processing Works decided to change the name of the company. At the first in three years meeting they renamed the company Pokrov Mining and Processing Works. They have also approved of the reports, reelected the supervisory board, revision commission and the board. In 2013 OGOK received the net loss of…Details
Plants of Russian aluminum producer UC RUSAL in the cities of Bratsk, Irkutsk and Krasnoyarsk have had power outages due to setbacks on the Boguchanskaya GES and Berezovskaya GRES power plant units, the Energy Ministry said in a statement on June 27.
The details are being clarified, the ministry said. (Prime/Ukrainian metal)
In May Russia produced 4.3 million tons of pig iron, down by 2% YoY. In 5 months pig iron output dropped by 0.6% YoY, to 21.634 million tons. Ukraine in May decreased pig iron manufacture by 31.8% YoY, to 1.53 million tons, with 8.058 million tons produced in January-May, down by 20.9% YoY. Kazakhstan pig…Details
In order to improve polymetallic ores processing at the Khandiza deposits, the processing factory has been reconstructed, adding 6 Ts-15 thickeners.
After that Almalyk Mining and Processing Works decided to construct another thickener. The construction is underway.
The new machinery will be put into operation in late August. (Ukrainian metal)
Uzbekistan Iron and Steel Works is reorganizing the manufacture of import-replacing metal products – fasteners for machine-building. The capacity of the new complex is 5 thousand tons of fasteners per year. The company will assemble a new Sytco A. G. equipment to produce hot-rolled metal with 16-36 mm diameter, Berkshire Establishment LLP line to produce…Details
The Pipe Metal Company starts beta testing of the TMK eTrade – the first in Russia Internet store to sell pipe products. The store is expected to start functioning in full in September. At present TMK eTrade has the following services: pipe cost calculator based on a number of parameters (type and form, material, diameter,…Details
On June 29 the employees of Dneprovsky Iron and Steel Combine intend to hold another meeting protesting against the shut down of the main manufacture. According to the meeting organizers, representatives of the owner and the city authorities have been invited. “We do and will do our best to put the works back into operation…Details
The Armenian government has freed Lydian Armenia, operating at Amulsar deposits, from paying customs duties on the import of equipment and raw materials. According to the minister of economical development and investments Suren Karayan, the company has already invested some 44 billion drams ($90 million). 180 billion drams more will be invested. The cost of…Details
Polymetal has resumed operation at Kutyn gold deposits in Khabarovsk krai. The company bought the deposits in 2011, but in September 2014 the operations were suspended. Prospecting has been complete only on two thirds of the site. The new round of prospecting will start in April 2018. As of 2015, the estimated gold reserves of…Details
VIZ-Stal has finished modernization of two machines to produce nitrogen, used in the process of the thermal treatment of metal. The project will increase energy efficiency. Within the project the company replaced two of the three air separation units. The capacity of each new unit is 8 thousand cubic meters of pure nitrogen per hour.…Details