Kimkano-Sutarsky Mining and Processing Works has signed an agreement with Gazprombank on borrowing $240 million for 8 years. The funds will be spent to develop the Sutarskoye deposit in the Jewish Autonomous Region with the design capacity of 3.2 million tons of iron ore concentrate per year. KSGOK is developing two deposits with the consolidated…Details
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Mechel-Koks has commissioned the modernized coke-oven battery No. 7. The modernization will help decrease air pollution when producing coke by 9.1 tons per year. The cost of the project was 76 million rubles. Since 2006 Mechel has invested some 5 billion rubles in Mechel-Koks modernization, including 1.4 billion rubles in environment protection. (Ukrainian metal)Details
The state enterprise Ukrpromvneshexpertisa believes that in January 2019 scrap deliveries to metal companies will decrease by 3.85% MoM, to 250 thousand tons. In February 2019 deliveries will further drop to 185 thousand tons because of the considerable fall of demand for imported raw materials and the seasonal factor. For December Ukrpromvneshexpertisa forecast scrap deliveries…Details
Volumes of scrap procurement have been falling for the past 5 years. According to the Ukrainian Association of Secondary metals (UAVtormet), procurement fell from 4.6 million tons in 2013 to 3.7 million tons in 2017. In January-November Ukrainian enterprises collected 3.35 million tons of scrap, and in 2018 are expecting to gather 3.5 million tons.…Details
In January-November Russia produced 4.3 million tons of steel structures, down by 2.3% YoY. According to the Federal Service of State Statistics, November output was down by 2% YoY and by 12.3% from June. Aluminum structures manufacture totaled 58.3 thousand tons in 11 months, almost flat YoY. (Ukrainian metal)Details
In November Ukraine increased iron ore exports by 34.2% YoY, to $266.2 million, while imports dropped by 59.9%, to $1.805 million. According to the State Fiscal Service, China ordered the largest batches of ore ($64.751 million). In January-November iron ore exports grew by 10.1% YoY, to $2618.5 million, while imports fell by 68.5%, to $8.282…Details
The U.S. Department of the Treasury intends to lift sanctions from Russian power companies En+ Group and EuroSibEnergo, and aluminum giant UC RUSAL of businessman Oleg Deripaska in 30 days, but will retain sanctions against Deripaska personally, it said in a statement. The authority sanctioned these companies because of their ownership and control by Deripaska,…Details
Precious metal prices varied in Azerbaijan on December 20. The price of gold decreased by 10.9565 manats, to 2,116.16 manats per ounce on December 20 compared to the price on December 19. The price of silver dropped by 0.2086 manats, to 24.767 manats per ounce. The price of palladium grew by 2.7285 manats, to 2,140.4615…Details
Kazakhstan’s production of unwrought gold, semi-worked gold or gold in powder form reached 88,491 kg in January-November showing an increase of 14.1% as compared to the same period of 2017, the Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period production of unwrought silver, semi-worked silver or silver in powder…Details
EU has prolonged the safeguard investigation as to metal imports irrespective of the country of origin and export until February 1, 2019. In July the EU imposed preliminary measures on the import of metal for 200 days as quotes and 25% duties. As of December 18 (153 days of the measures) Ukraine has used its…Details
Goldregion LLC, developing alluvial gold deposits in Amur region, this year has extracted 64 kg of the precious metal, down by 20% from the target. This year the company has been traditionally washing gold-bearing sands at the Malaya Gelenka Brook. Due to the violations of the environment legislation the operation of the company was suspended…Details
Recently some media have circulated information that UGMK has decided to shut down Electrozinc in Vladikavkaz. Citizens of Chelyabinsk are worried that the capacity will be transferred to their town and Chelyabinsk Zinc Works will increase output by a third. But ChelZinc says it has not received any info on the need to increase output…Details
Mechel has prolonged the agreement to supply coal to Jidong Cement till the end of 2019. In 12 months the company will ship to China up to 2 million tons of power-generating coal mined by Elgaugol and Yakutugol enterprises. Monthly shipments will range between 100 thousand and 150 thousand tons of coal. “This is the…Details