Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has handled 11 million tons of coal since the beginning of the year. The 11-millionth ton was loaded onto the Miho Pracat. The 149th vessel since the start of the year is bound for India. Last year the 11-millionth ton was loaded on…Details
Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year.
The share of Mechel in the project is 51%, and Gazprombank – 49%.
Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)
Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…Details
Eurasian Economic Committee has started an antidumping investigation on the imports of galvanized metal from Ukraine. The investigation was started on the basis of the claim from MMK, NLMK and Severstal, which accounted for 50% of rolled metal manufactured in January 2014 – December 2017. The companies claimed that in 2017 rolled metal was supplied…Details
The price of one ounce of gold decreased by 26.792 manats or by 1.26% last week. Accordingly, the average price of one ounce of gold stood at 2,135.8099 manats. The price of one ounce of silver decreased by 0.4361 manats or by 1.59%, to 27.5367 manats. Last week the price of one ounce of platinum…Details
In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…Details
In April, according to the customs statistics, Russia exported 490 thousand tons of ferrous scrap to Turkey, up by 26.5% MoM and by 33% YoY. The average price on the Russian border was $280.5 per ton, up by 5.2% MoM and by 23.2% YoY. In January-April ferrous scrap exports totaled 1.6 million tons, up by…Details
In April Russia exported 172 thousand tons of raw aluminum, down by 43% MoM and by 19% YoY. According to the customs statistics, in January-April raw aluminum exports reached 1.01 million tons valued at $1952 million, up by 9.6% and by 31.5% YoY respectively. In April the average price was $1894.6 per ton FOB, down…Details
The Ministry of industry and trade is constantly monitoring the situation with Rusal and in the cities of its presence. At present “there is no danger”. The minister Denis Manturov believes that the creation of processing enterprises inside the country will be the best way to help both the industry and the company. “All the…Details
The current capacities of the domestic manufacturers of extrusion packing are able to cover the whole demand on the local market, which will greatly increase aluminum consumption. At present the consumption of aluminum cylinders, bottles and pipes is growing. Russian aluminum packaging is successfully used by cosmetics, pharmacological and food companies not only of Russia,…Details
In May Russia produced 4.465 million tons of pig iron, up by 3.9% YoY, with 4.32 million tons produced in April. In January-May pig iron production totaled 21.745 million tons, up by 0.5% YoY. Ukraine decreased pig iron output by 0.6% YoY, to 1.582 million tons (1.649 million tons in April), but increased by 7.7%…Details
Russian metals producer Mechel has retained 23 million tons of coal as a production target for 2018 but does not rule out underperforming, CEO Oleg Korzhov said at an annual general meeting. “The plan to produce 23 million tons of coal stands, but it will be hard to meet it as of today. We will…Details
Russia has sent a claim against additional U.S. import duties on steel and aluminum to the World Trade Organization (WTO), Economic Development Ministry said in a statement, citing Minister Maxim Oreshkin. “The reason for the claim is multiple WTO rule violations committed by the U.S. during the introduction of this measure. Besides Russia, China, India,…Details
The Pipeline Joint Taps Works, a part of ChTPZ, has mastered the manufacture of a new type of product for the nuclear energy. For the first time the works has produced hot-bent taps with the diameter of 219 mm and the wall thickness of 11 mm of stainless steel. The first batch of 18 taps,…Details
June 29 marked the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepajas metalurgs. On May 30 the company’s administrator Vita Dika announced three auctions. The total value of auctioned properties reached EUR 262,000. Auction prices were not applied with VAT. The enforcer was Citadele Bank and other…Details
In January-May Ukraine produced 7.72 million tons of rolled metal, up by 11% YoY. Some 6.43 million tons, or 83.2%, were exported. Domestic customers received 1841.8 thousand tons of rolled metal, including 545.8 thousand tons, or 29.6%, imported. In January-May 2017 the share of imported rolled metal was 27.3%. Semi-finished products accounted for 42.2% of…Details
The Stepnaya mine of the DTEK Pervomayskoye Mine Group has commissioned the long face No. 175.
Some 800 thousand tons of coal will be mined from the new long face in 10 months.
The cost of repair and purchase of new machinery reached 153 million UAH. (Ukrainian metal)
Norilsk Nickel shareholders at the annual meeting have set financial dividends for 2017 in the amount of 607.98 rubles per share, or 96.2 billion rubles total. Taking into account the interim dividends for H1 2017 ($600 million), the total amount will reach $2.162 billion. Last year the company net profit dropped by 16%, to $2.123…Details
Yakutia intends to create a priority development area on the territory of Ust-Tanskiy, Oimyakonsky and Tomponsky districts. The project will attract over 27 billion rubles of private investments and create some 1700 jobs. 4 anchor investors plan to mine and process tin ore, as well as precious metals ore and sands. The new PDA could…Details
Rise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…Details
Rotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule.
The commissioning of the power machinery is scheduled for late 2018.
The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years.
Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)
In May Russia produced 6.23 million tons of steel, up by 6% YoY (5.877 million tons), while in April the output totaled 6.03 million tons. In January-May steel output grew by 2% YoY, to 30.027 million tons. Ukraine increased steel manufacture by 2.9% YoY, to 1.695 million tons, while in April it produced 1.721 million…Details
Proizvodstvo polymetallov (Polymetal manufacture), the subsidiary of Uralelectromed, has commissioned the coke deck of the railroad shop after repair.
Its length is 113 meters and height – 8 meters.
The coke deck is an important transportation unit of the manufacture.
The cost of the project is 4 million rubles. (Ukrainian metal)
The miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year.
The company is operating at two deposits – Djalon and Djuvaskit.
This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)
Kyshtym Electrolytic Copper Plant has started assembling metal structures, which will later serve as the basis for the new Luhr Filter filtering machinery to purify gases of the Maerz furnace. The new machine will trap both solid and gaseous impurities. The gas-purification rate will reach 99.9%. The commissioning of the filter is scheduled for this…Details
NLMK has selected the supplier of machinery and started design work to replace the transfer table of the hot-rolling mill-2000. The project will increase the reliability of the machine and the quality of the products. The mill has been operating since 1977. The new machinery will be supplied by Novokramatorsk Machine-Building Works (Ukraine). Commissioning is…Details