The arbitrary court of Chelyabinsk region has received a claim from Zlatoust Electrometallurgical Works to Volgograd Iron and Steel Works Krasniy Octyabr. The volume of the claim is over 3 billion rubles. The details are not disclosed. (Ukrainian metal)Details
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The minority shareholders of Belon demand MMK, owning over 95% in the company, to buy coal assets and not reorganize them. They also estimate the company losses at 10.7 billion rubles ($160 million). The reorganization was carried out in 2015-2017. The minority shareholders, who have filed the claim, hold 1.3% in Belon. MMK entered the…Details
Vismut has postponed the construction of a mining and processing works at the gold-ore deposit of Zheleznyi Kryazh in Zabaikalye region to 2019. The company intended to start constructing the GOK in late 2018. The reasons of the delay are not disclosed. At the same time, the company retains the license and is not planning…Details
The arbitrary court of Saratov region will hear the case of the Balakovo Metal Structures Works. The claim came on May 22 from the Yaroslavl-based Remindustria. On November 23 the claim was declared valid. The court will sit on March 13, 2019. (Ukrainian metal)Details
Electrozinc has started shipping from its territory zinc concentrate, the unused raw materials because of the shut down of the enterprise due to the fire in the electrolysis shop on October 21. At the same time the company is also shipping clinker. The shipping is carried out from two warehouses of the roasting shop. Every…Details
Moscow Coke-Gas Works has shipped a trial batch of coke to India. The first batch of 20 thousand tons was shipped in late October. Mechel Carbon carried out the sale. As the customer was satisfied with the products, soon 2 more batches totaling 30-40 thousand tons would be shipped to India. (Ukrainian metal)Details
In January-October the share of metals and metal wares in the overall exports from Russia was 10% (10.2% last year), in exports to far foreign countries – 9.6% (9.9%) and to the CIS – 12.9% (12.5%). According to the Federal Customs Service, the exports grew by 11.6% YoY volume-wise and by 25.4% price-wise. In particular,…Details
Rustavi Iron and Steel Works is forced to halt operation because of the dumping prices on the market. According to an attorney David Erbalidze, who is representing the interest of the company owners, the first blast furnace will be shut down soon. “One of the main reasons is the rebars imported from Iran at dumping…Details
Russian metals giant Norilsk Nickel plans to invest over $12 billion in production development over the next five years, CEO Vladimir Potanin said. “We are now implementing quite an unprecedented investment program: we are investing over $12 billion in development of production over the next five years. And what is important for many years we…Details
On December 10 rating agency S&P Global Ratings assigned the PJSC Magnitogorsk Iron & Steel Works’ (MMK) “BBB-/A-3” long- and short-term issuer credit ratings with Stable Outlook. In a press release S&P notes that its assessment of MMK’s creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales,…Details
Sudan intends to allocate Belarus the second plot for gold mining near the Nile, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared ahead of the Belarusian-Sudanese summit talks in Minsk. “The site is located closer to the Nile River, and, according to the preliminary estimates, might be gold-bearing especially given the close proximity…Details
The state enterprise Selidovugol has ordered the Trading House Contract-Energo LLC a cutter-loader valued at 57.2 million UAH. Until September 2019 the company has to deliver an MV410 cutter-loader to the Kotlyarevskaya mine. The company will supply T Machinery A.S. (the Czech Republic) loader. The price of the agreement is 5% below the expected cost…Details
In January-November Ukraine increased revenue from the export of ferrous metals by 17% YoY, to $9.178 billion. Its share in the overall exports reached 21.22%. According to the State Fiscal Service, metal wares exports grew by 28%, to $1.024 billion (2.37%). At the same time Ukraine imported $1.3 billion worth of ferrous metals and $886.5…Details