Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH. Thus the cost of the subsidiary assets has increased two-fold since 2014. “The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a…Details
Kola MMC, the Nornickel subsidiary, added innovative rolling stock to its rented tank car fleet for sulfuric acid transportation. The company received 73 tanks of higher capacity. Railcars with increased bogie axial load up to 25 tons per axis (compared to 23 tons for conventional railcars) are an innovative rolling stock. Loading capacity of the…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max June 535 750 521 571 422 569 July 535 750 521 571 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to…Details
In January-August Central Mining and Processing Works produced 1.57 million tons of pellets, up by 0.2% YoY.
According to a company representative, CGOK iron ore concentrate dropped by 15.4% YoY, to 3.55 million tons.
In August the company produced 213 thousand tons of pellets and 455 thousand tons of concentrate. (Ukrainian metal)
In August Electrometallurgical works Dneprospetsstal named after A. Kuzmin produced 19835 tons of steel and 13911 tons of rolled metal, down by 5% and up by 5.5% MoM respectively. The total cost of the commodity output was 152693 UAH (in established prices), down by 8,4% MoM. In H1 2016 the company produced 132858 tons of…Details
In January-August Poltava Mining and Processing Works exported 7.68 million tons of iron ore pellets. PGOK pellets mostly went to Europe and Near East, as well as Japan, Korea and China. Central Mining and Processing Works exported 1.41 million tons of pellets. At the same time PGOK produced 7.52 million tons of iron ore pellets,…Details
In August Ukraine produced 1903 thousand tons of steel, down by 7.6% MoM, or by 156 thousand tons.
In January-August steel output increased by 8.9% YoY, or by 1343 thousand tons, to 16379 thousand tons. (Ukrainian metal)
In August Ukraine produced 6141 thousand tons of iron ore and concentrate, down by 0.3% MoM, or by 16 thousand tons. In particular, iron ore output went up by 10.8% MoM, or by 118 thousand tons, to 1211 thousand tons, while that of iron ore concentrate dropped by 2.6%, or by 134 thousand tons, to…Details
In January-August Poltava Mining and Processing Works consumed 98.9 million cubic meters of gas, down by 22% YoY. According to the company statement, the decrease was the result of the move from the gas to the sunflower seed husks. On August 1, all the lines in the pellet shop switched to this fuel. In 8…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, DDP, $1/UAH24.798* min max min max June 700 920 760 1750 July 690 900 800 1750 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Gold mining company Nordgold, controlled by the Russian businessman Alexei Mordashov, has launched production at the Bouly deposit in Burkina Faso, the company said in a statement. The average daily gold production at the deposit is expected at 120,000 ounces during the 10-year development period with all-in sustaining costs of $730 per ounce. The project’s…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 414 632 413 470 July 433 659 360 430 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In January-August copper output in Russia dropped by 2.1% YoY.
According to the Federal Service of State Statistics, copper wire output dropped by 22.8%, foil – by 22.2%, but plate, sheet, bars and strips increased by 5.9%, of rods and sections – by 14.6%, all YoY. (Ukrainian metal)
Ukraine has increased its capacities of coal transshipment in ports to 700-720 thousand tons per month. “I am sure, even if we are blackmailed and don’t get coal from the ATO zone, we will cope with this. I have spoken with the ports; we can import 700-720 thousand tons per month. That’s enough to live…Details
CNBM International Corporation (China) is interested in privatizing the Novovolynskaya No. 10 mine. “I had a meeting with one of the largest Chinese companies, which was very interested in the privatization process of our mines, especially of Novovolynskaya No. 10 mine”, said the energy and coal industry minister Igor Nasalik. “They have some 10 billion…Details
In October-December Metinvest could decrease its steel smelting by 10% due to the overhaul at its Mariupol assets. “Q4 will not differ much from Q3. The main difference will be on the Mariupol site”, said the group CEO Yuri Ryzhenkov. The decrease will also be the result of Ukrzaliznytsia repairing some of its routes to…Details
DTEK plans to make a separate company of its Rostov mines by October. According to DTEK CEO Maxim Timchenko, the deal is in the final stages. This will allow DTEK to decrease its credit pressure by over $400 million. DTEK will retain management and operational control over the mines, and the new company will also…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 469 533 510 510 July 469 533 456 456 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In August Ukraine produced 1728 thousand tons of pig iron, down by 4.2% MoM, or by 76 thousand tons.
In January-August pig iron output increased by 8.9% YoY, or b 1180 thousand tons, to 14382 thousand tons. (Ukrainian metal)
European integration of Ukraine is very important for the local mining and metallurgical complex. “The Ukrainian metal sphere was among the first to choose the European way of development. Europe has been our main consumer for the last 15 years. And for over 10 years we’ve been considering Europe our home market. So the European…Details
In August Ukrainian metal companies consumed 130 cubic meters of gas, up by 1.6% MoM, or by 2 million cubic meters. Daily average gas consumption totaled 4.2 million cubic meters. In January-August metal companies consumed 1.1 billion cubic meters of gas, down by 19% YoY, with average daily consumption at 4.6 million as opposed to…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 438 2067 430 430 July 429 2067 430 430 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Nadezhda Metallurgical Plant (NMP) Hydrometallurgical Shop has fully transitioned to dumping tailings to the rebuilt dam via a newly installed tailings pipeline, operational as of September 15. The project is an element of the large-scale environmental enhancement program embarked on by Nornickel. The company is striving to identify the areas with the highest historical exposure…Details
Azovstal Iron and Steel Works has started producing KP100 type crane rails. The products will meet the requirements of standards DSTU 2484 and GOST 4121 and will be used for the construction of overhead crane rail tracks. The largest consumers of KP1-00 crane rails include seaports, industrial enterprises and construction companies. As compared to other…Details