The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…
DetailsIrkutsk Aluminum Works has started shipping the KEP-2 coke to produce baked anodes. The main customer is Sayanogorsk Aluminum Works (SAZ), which produces baked anodes for its own metal manufacture, as well as for other Rusal works. So far 38 railroad cars with KEP-2 weighing 2380 tons have been shipped to SAZ. IrkAZ was able…
DetailsInaglinsky GOK, 100% owned by Kolmar Group LLC, has purchased two sites with coal deposits in Neryungrinsky district of Yakutia for 182.4 million rubles. The auctions have been considered not taken place, as there was only one bid – from Inaglinsky GOK. According to the auction commission, the bid meets all the demands and the…
DetailsIn November Russia produced 6.025 million tons of steel, up by 1.4% YoY, but down from 6.225 million tons in October. In 11 months steel output totaled 66.453 million tons, up by 2.9% YoY. Ukraine decreased steel output in November by 4.9% YoY, to 1.85 million tons (1.91 million tons in October). In January-November Ukraine…
DetailsOrmet is finishing the construction of infrastructure at the Luchistoye quarry needed to start mining. The site has electricity, water supply system and lighting. The depth of the quarry is 20 meters. The first tons of ore will be extracted from below 30 meters. By the end of the year the company plans to have…
DetailsKazakh company Kazatomprom has delayed its delivery of uranium to Iran as it is seeking the permission of six world powers involved in the 2015 Iranian nuclear deal. Galymzhan Pirmatov, Kazatomprom’s chairman, was quoted by Financial Tribune daily as saying that the delivery of uranium concentrate to Iran could be possible only after obtaining permission…
DetailsThe head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…
DetailsRussian aluminum giant UC RUSAL has approved of all conditions that hydropower giant RusHydro has set for its participation in construction of the Taishet aluminum smelter, RusHydro CEO Nikolai Shulginov declared. “They’ve approved them. We are now to take them into account while developing necessary documents, and if we don’t, we will stop,” he said.…
DetailsIn 2018 Vysochaishiy (GV Gold) intends to produce up to 3 tons of gold at the Taryn Mining and Processing Works at the Drazhnoye deposits in Yakutia. The factory started operating in May and already reached project output. In 2017 it is expected to process 530 thousand tons of ore with the average gold content…
DetailsIn January-October Russia imported 130.7 thousand tons of steel pipes from Germany, up 11-fold YoY. June witnessed the record-high import volumes of 53.7 thousand tons. In May, July and September the deliveries were also considerable (22-25 thousand tons per months). But in October imports dropped (to 1.1 thousand tons). 95% of the imports are large…
DetailsIn 2017 Vostsibugol LLC, mining coal in Irkutsk region, increased output by 2.8% from the plan, having obtained 14.3 million tons. 1.3 million tons of coal were exported. Mining target for 2018 is 16.2 million tons. In December the company started developing the Nygdinskaya site with the reserves of 3.1 million tons of coal. In…
DetailsMechel has signed a memorandum on delivery of coke to HBIS Group Serbia Iron & Steel. According to the agreement, Moskoks will supply up to 120 thousand tons of coke products to Serbia, or 30 thousand tons each quarter. The delivery will be carried out from January till December 2018. The price will be determined…
DetailsAktogay Mining and Processing Works will be expanded. In October the works has reached its project capacity at the sulfide enrichment factory, and the board of directors decided to construct another factory, which would double sulfide ore processing from 25 to 50 million tons per year. The expansion is the low-risk project. Investments are expected…
DetailsRoseximbank has opened a loan of 3.35 billion rubles for 2.5 years.
The financing is carried out under the state program of supporting exports of highly technological products.
Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)
Severstal has approved of the program to develop the Yakovlevsky mine in Belgorod region, which presupposes the increase of iron ore mining within several years. In 2018 the mine output will increase by 50% YoY, from 872 thousand tons to 1.315 million tons. The main goal of increasing output is to improve the company provision…
DetailsAt the Extraordinary General Shareholder Meeting (EGM) held on December 22, NLMK shareholders approved payment of Q3 2017 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to dividends would be determined was set as January 9, 2018. January-September 2017 dividends will amount to RUB 10.68 per share. At the meeting,…
DetailsIrshansk Mining and Processing Works has ordered Energy Trade Group LLC the delivery of natural gas valued at 71 million UAH. In 2018 the company will supply 7.1 million cubic meters of gas at 10 thousand UAH per 1 thousand cubic meters. The price is 13% below the expected cost of the purchase (81.65 million…
DetailsThe supervisory board of Evraz Yuzhkoks has appointed Andrei Shabanov the CEO of the company. He is the ex-director of Donetskkoks and the scientific-manufacturing enterprise Inkor and Co, both part of Metinvest. The decision was taken at the board meeting on December 18. The previous CEO Denis Koshkarev has resigned. Shabanov has been hired for…
DetailsThe American International Trade Commission has confirmed the information on damages inflicted by Russian, Belarus and UAE suppliers of wire rod. At the same time it has not found any critical conditions during the Russian export of wire rod to the US. Thus, the antidumping duty of 463.8-756.93% will be imposed on Russian wire rod,…
DetailsKangalassky pit of Yakutugol has completed the annual mining program in advance. So far the output is exceeding the plan by 15%. And the miners intend to increase it even more. Most of the coal from the pit (some 70%) is sent to the housing and municipal enterprises of the central regions of the Republic…
DetailsIn 2017 the Ministry of energy and coal industry has shut down 5 profitless state mines. “If the reform is completely carried out, we will have no profitless mines. This year we have shut down 5 mines, which have been closing down since 1992. They were just eating up budget money”, the minister of energy…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, has commissioned four more high-pressure grinding roll (HPGR) units, boosting productivity of Stoilensky’s Beneficiation Plant by 0.8 million tons of iron ore concentrate, to 17.4 million tons per year. As a result, Stoilensky has now covered 100% of the…
DetailsFINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22.
The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)
U.K.-based mining giant Evraz, which operates mainly in Russia, has resumed operation of the Yesaulskaya coalmine in the Kemerovo region, which was suspended on December 20 after a rockslide, the Energy Ministry said in a statement on December 22. The rockslide occurred in the mine’s blind ventilation drift, and 97 out of 100 miners evacuated…
DetailsIn January-November gold output in Russia increased by 8.5% YoY. At the same time, according to Rosstat, silver output decreased by 0.1%. In November gold output went up by 9.7% YoY, but dropped by 17.4% MoM, while that of silver decreased by 23.7% YoY and by 18.1% MoM. Gold-containing ore mining in 11 months increased…
DetailsOn December 19 the terrorist organization of the Luhansk People’s Republic, created and supported by Russia, decided to appoint provisional administration at the Alchevsk Iron and Steel Works. “The decision has been taken due to the transport, power and economic blockade. The AMK idleness results in the negative influence on the machinery, the destruction of…
Details