In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…
DetailsAt present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…
DetailsIn October ArcelorMittal Kriviy Rih was reimbursed the most VAT among mining and metallurgical companies – 1.08 billion UAH. According to the State Treasury, Mariupol Ilyich Iron and Steel Works occupied the second position with 831.7 million tons, with Dneprovsky Iron and Steel Works the third (580.5 million UAH). They were followed by Azovstal (208.8…
DetailsPolyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…
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Month |
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* |
|
|
min |
max |
|
| August |
256 |
390 |
| September |
250 |
413 |
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In Q3 Norilsk Nickel produced 87 thousand tons of copper, down by 4% QoQ. Copper output of own raw materials dropped by 5%, to 82 thousand tons. The decrease is explained by the low copper content in the raw materials and the assembly works at the Talnakh Processing Factory. In January-September Nornickel produced 264 thousand…
DetailsThe Yuzny trade seaport has received the vessel with 79 thousand tons of anthracite from the South African Republic.
The delivery was timely. All the coal is intended for Pridneprovskaya thermal power plant.
Unloading will take 3 days. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 439 439 418 418 September 439 439 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Bratsk Aluminum Works produced 752 thousand tons of aluminum, almost flat YoY. The same situation was observed at Sayanogorsk Works, which produced 395 thousand tons. Irkutsk Aluminum Works increased output by 1.2% YoY, to 310 thousand tons, Krasnoyarsk Works – by 1.6%, to 768 thousand tons, Khakasskiy Works – by 1.6%, to 219…
DetailsOn November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…
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Month |
Russian market, $/t, FCA, without VAT, $1/RUR63.16* |
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|
min |
max |
|
| August |
63 |
174 |
| September |
63 |
188 |
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September ChTPZ exported some 5 thousand tons of pipes to Poland. The pipes will be used in mine construction or sold in regions. The company supplies 57-219 mm diameter seamless hot-rolled pipes with 4-16 mm wall thickness and 10-89 mm diameter cold-deformed pipes with 1-4 mm wall thickness. The company share in Russian exports…
DetailsIn January-October Yuzhniy Mining and Processing Works produced 9.25 million tons of concentrate, down by 3.6% YoY. According to the company statement, its sinter output went up by 26.5% YoY, to 1.73 million tons. In October UGOK produced 1.03 million tons of concentrate and 227.6 thousand tons of sinter, up by 17.3% and by 52.6%…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max August 534 732 449 458 410 410 410 415 September 533 731 425 474 430 440 440 460…
DetailsZaporizhstal has stopped its blast furnace No. 3 for a massive overhaul, which it plans to carry out in 150 days. Investments in the project total 1.5 billion UAH. For the past 5 years Zaporizhstal has invested some 5.6 billion UAH into environment modernization of its assets. In particular, the main projects are the new…
DetailsEvraz Dneprovsky Iron and Steel Works intends to equip its blast furnace No. 2 with the dust control unit. The company has announced an open tender for the design of the BF2 modernization. The offers are expected until November 23. According to the company statement, the goal of the project is to decrease pollution resulting…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 19 22 16 22 September 19 22 16 21 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn October the Russian Railways shipped 103.4 million tons of cargo, down by 3.3% YoY. Local shipping dropped by 6.8%, exports went up by 3.7%. Coal transportation totaled 28 million tons, down by 4.5%, iron and manganese ore – 8.9 million tons, down by 5.4%. At the same time ferrous scrap transportation went up by…
DetailsThe state will invest 250-300 million UAH into the construction of Novovolynskaya No. 10 mine in 2017, thus putting it into operation, energy and coal industry minister Igor Nasalik said. Novovolynskaya No. 10 mine is expected to produce 900 thousand tons of coal per year, its reserves are estimated at 37 million tons, thus it…
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Month |
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* |
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|
min |
max |
|
| August |
346 |
379 |
| September |
340 |
441 |
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Konstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine.
According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)
Energomashspetsstal will supply a large batch of rolls with mechanical treatment to Eurohuolinta Oy.
According to the company statement, the rolls weighing 490 tons will be shipped to Finland in January-February 2017. EMSS will produce 76 rolls. They will be used to produce electric machines.
The companies have been cooperating for 10 years. (Ukrainian metal)
In October the mines situated on the territory of Russia-supported terrorist organization Donetsk People’s Republic mined 1.03 million tons of coal. In particular, the DPR Ministry of coal and energy-controlled mines yielded 512.47 thousand tons of coal. Donbass Mine Group yielded 125.5 thousand tons of coal, Torezantrazit – 108 thousand tons, and Shakhterskantrazit – 95.2…
DetailsMagnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…
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