A consortium of China Coal Technology & Engineering Group Corp. and China Railway Tunnel Group Co., Ltd. has started the main preparatory work within the project to modernize capacities of Uzbekistan’s Shargunkumir JSC, an official with the Uzbekcoal JSC reported. The project worth $94.5 million is expected to be implemented in the first quarter of…Details
Azerbaijan’s State Property Issues Committee and the Ministry of Economy prepared proposals for the improvement of Azeraluminium JSC. This was stated in a report on evaluation of the results of implementing the Strategic Road Map for the development of heavy industry and machinery in Azerbaijan. The prepared proposals also include the possibility of granting deferral…Details
A new increase in prices for raw materials and rolled metal on world markets will be a basis for Russian companies to increase sale prices for local market in October. MMK has already informed its customers on the price rise in October: by 10% for hot-rolled metal, including coils, by 5% for cold-rolled coils, by…Details
In January-August Chukotka Autonomous District mined 317.4 thousand tons of coal, up by 68% YoY. At present 2 companies develop coal sites – Shakhta Ugolnaya and Beringpromugol LLC. In 8 months Shakhta Ugolnaya shipped 153.5 thousand tons of coal, down by 19% YoY, while Beringpromugol mined 163.9 thousand tons at the Fandyushkinskoye deposits. This year…Details
The Northern Navy has finished packing metal scrap procured from the Kotelny Isle during the summer season. 83 twenty-feet containers have been packed, with the total weight of some 1 thousand tons. The cleaning of the isle began in 2015. Since then the navy has taken over 2 thousand tons of scrap from there. (Ukrainian…Details
As of September 10, the Susumanzoloto enterprises obtained 3966.8 kg of gold on the territory of Magadan region. In particular, Electrum plus yielded 357.8 kg of gold. Drazhnik LLC obtained 1278 kg of alluvial gold, Karyer Chelbanya LLC – 292.2 kg, Chay-Urya Gold LLC – 643.8 kg, Astra LLC – 346.3 kg, Gerba LLC –107.1…Details
In January-June Petropavlovsk received 1.4 billion rubles ($24.5 million) of net profits, up 2.7-fold. Revenue increased by 19.7%, to 17.38 billion rubles ($304 million). EBITDA grew by 30% YoY, to 6.52 billion rubles ($114 million), despite the strengthening of the ruble, which increases Russian gold miners’ expenses when converting to dollars. Gold output in H1…Details
Chelyabinsk Iron and Steel Works has won a tender to supply rails of the construction of the second belt of Moscow Subway. The cost of the contract is some 1.5 billion rubles. ChMK will produce rails for the southwestern site of the Moscow belt railroad. In particular, the company will supply around 35 thousand tons…Details
Zlatoustovsky Electrometallurgical Works will assemble new furnaces at the rolling shop No. 3 export site. Several heating furnaces produces by Bosio arrived at ZEMZ on August 18. The first 5 furnaces will be assembled and integrated in the manufacturing process in January 2018. This will decrease gas usage and expenses on transporting metal from one…Details
In 2017 Russian coal exports to the Asia-Pacific Region countries will exceed $5 billion. The share of coking coals will reach 25% against 18% in 2014. Coal transportation through Far Eastern ports in 2016 totaled 60%, up from 46% in 2009. 88% of Russian coalmining companies expect an increase in world coal prices in 2017.…Details
United Metal Company has announced its decision to shut down the open-hearth furnace shop at Vyksa Iron and Steel Works. The shop is expected to stop operating in Q1 2018. Most of the shop employees will work in other subdivisions. OMK will replace its own open-hearth steel with continuous cast billets produced by UralStal, a…Details
The state budget for the year 2018 does not provide for the subsidies to state coalmines. “Subsidies for mines are not stipulated in the 2018 budget project”, the minister of finances Alexander Danilyuk said. The chairman of the Donetsk military-civilian regional state administration Pavel Zhebrivsky in early June said that by autumn 2018 all the…Details
Gaz-Aliance Company LLC (Nizhny Novgorod), controlled by the fugitive Ukrainian entrepreneur Sergey Kurchenko, from the ex-president Victor Yanukovich gang, in July-August exported $70.6 million worth of pig iron and other metal products, produced by the metal companies, seized in February-March by the Russia-supported militants on the occupied areas of Lugansk and Donetsk regions. In late…Details
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has opened NLMK Turkey, its sales office in Turkey. As part of Strategy 2017, NLMK Group is focusing its sales on key markets, including Turkey, which accounts for up to 20% of the group’s export. The opening of NLMK Turkey will…Details
In August DTEK purchased 72 thousand tons of coal, mined in Lviv and Volyn regions, up by 37%. According to the company statement, DTEK combined heat and power plants are the main customers of Lvivugol and Volynugol. Purchasing volumes depend on the energy balance in the country and the demand for electricity. Since the beginning…Details
In August prices of industrial products increased by 0.4% MoM and by 23.6% YoY.
According to the State Statistics Service, iron ore prices increased by 6.6%, coal by 6%, in metal manufacture by 2.8%.
At the same time coke prices dropped by 1.5%. (Ukrainian metal)
Russian coal exports in January-August increased by 7.8% YoY, to 122.456 million tons, the Ministry of Energy of Russia statistics showed.
In August, the commodity exports totaled 15,605,000 tons.
Coal mining in the eight-month period reached 264,301,000 tons, with 230,404,000 tons supplied. (PortNews/Ukrainian metal)
Sudan has called on companies and investors from Russia to help its mining industry to develop, Mining Minister Hashim Ali Salim said. “Sudan has discovered reserves of 35 metals, but it produces only 13. We call on all companies to invest in other metals and in production and processing of them. The doors are open…Details
Kazatomprom National Atomic Company JSC and Emirates Nuclear Energy Corporation (ENEC, UAE) have inked a Memorandum of Understanding in Astana. The aim of the memorandum is to establish mutually beneficial cooperation between Kazakhstan and the United Arab Emirates in terms of peaceful atom and energy industry. In addition, the memorandum reflects the intentions to supply…Details
The government of Kyrgyzstan and Centerra signed a new agreement on Kumtor. The document was signed by the Prime Minister Sapar Isakov and Chief Executive Officer Scott Perry. As Scott Perry noted during the ceremony, taking into account that Kyrgyzstan was in fact the largest shareholder of Centerra, the agreement was of great importance. He…Details
In August direct supplies of rolled steel to housing-construction and ferroconcrete structures manufacturing companies totaled 19.2 thousand tons, up by 2.9% MoM, but down by 15.2% YoY. According to the railroad statistics, in July the indexes were +5.2% and –30% respectively, and in June –37.2% and –3.4%. In January-August construction companies received 180 thousand tons…Details
In January-August Ukraine exported 25.78 million tons of iron ore and concentrate valued at $1.744 billion. According to the State Fiscal Service, this constituted a 6.3% share in the total exports. The largest batches of ore were shipped to China ($496.279 million, or 28.4% of the total exports), Slovakia ($192.498 million, 11%) and Austria ($191.821…Details
In January-July Kazakhstan mined 144.1 billion tenge worth of ore, up by 57% YoY. Kostanay and Karaganda regions yielded the most – 128.1%, up by 54.7% YoY, or 88.9% of the total volume, and 14 million tenge, up by 78.4%, or 9.7% of the total respectively. ArcelorMittal Temirtau was the largest contributor in both regions.…Details
Kama-Trade Tatarstan LLC, one of the leading metal suppliers, will open a service metal-processing center on EPS cleaning of metal in the city of Naberezhniye Chelny. The company has received 228 million rubles from the Fund of mono-cities development for the project. Total investments will reach 570 million rubles. By 2019 the project will have…Details
Omolonskaya Gold-Mining Company (OZRK), a part of Polymetal, has received a license to prospect a new site of the Nadezhda Ore Group in the Magadan region. The license is valid for 7 years. The site is 45 km from the Kubakinskaya gold-processing factory, belonging to OZRK. The company will start drilling in 2018. If gold…Details
Stainless steel consumption in Russia is gaining pace. For example, in H1 demand for stainless rolled metal increased by 25.7%, and had to be satisfied with imported metal. This situation will persist, as only Mechel has plans to carry our investment project in the segment of stainless and special steels. Thus the dependence of Russian…Details