Shareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…Details
The Ukrainian Association of Ferroalloy Producers (UkrFA) believes that the new Ukrzaliznytsia transportation tariffs could result in the shut down of some of the plants. In particular, the tariff for Nikopol Ferroalloy Plant will increase by 8.4 million UAH per month (with VAT), or by more than 100 million UAH per year. The increase of…Details
Kuzbassrazrezugol has put into operation a new electric substation Mokhovskaya at the Mokhovsky pit. It has replaced an older substation, the operation of which was impossible due to the development of underground work of the Baykaimskaya mine. The company has also constructed and commissioned the Iganinskaya substation to power mining operations at the new site…Details
This year Gerba LLC, a part of Susumanzoloto, extracted 91.7 kg of alluvial gold with the target at 150 kg. Last year the enterprise yielded 159.2 kg of gold, thus the output this year dropped by 42.4% YoY. The reason of such a decrease is not disclosed. Consolidated gold output at Susumanzoloto group in January-November…Details
The Uskovskaya mine has yielded 2 million tons of coal.
The coal was mined from two long faces – 50-06 of the East wing and 50-20 of the West wing.
The 1st million tons were mined in May.
Uskovskaya mine, a part of Raspadskaya Coal Company, extracts coking coal. (Ukrainian metal)
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
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)
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)
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
Precious metal prices varied in Azerbaijan on December 19,accortding to the Central Bank. The price of gold increased by 4.76 manats, to 2,127.1165 manats per ounce on December 19 compared to the price on December 18. The price of silver grew by 0.0036 manats, to 24.9756 manats per ounce. At the same time the price…Details
According to the people’s deputy Konstantin Zhevago, controlling Ferrexpo, the construction of the electrometallurgical plant Vorskla Steel near the town of Kremenchug has been postponed for 10 years. The reason is the economical inexpediency of the construction. “The government claimed the gas would be cheap. But now it’s expensive. There is no sense for us…Details
During the cave-in of rock at a mine in Toretsk (Donetsk region) one miner perished.
The cave-in occurred at the depth of over 1 thousand meters.
8 miners were in the shaft at the moment. One of them was killed. (Ukrainian metal)
Uralelectromed is finishing construction of the second stage of the steel structures manufacture. The commissioning of the manufacturing complex is scheduled for early 2019. The area of the second stage will be identical to the first, that is 8 thousand square meters. The cost of the new site is 400 million rubles. The second stage…Details
Mikheyevsky Mining and Processing Works has started testing a new pulp feed line node. It will enable quickly switching pulp feeding between the first and the second tail dumps. The capacity of the new node will exceed that of the previous equipment some 10-fold. The commissioning of the new node is scheduled for Q1 2019.…Details
In January-October the consolidated throughput of NMTP terminals totaled 116.946 million tons, down by 2.4% YoY.
Ferrous metals and pig iron accounted for 11.165 million tons, up by 11.3% YoY.
Non-ferrous metals throughput dropped by 13.3%, to 0.826 million tons, and of iron ore raw materials – by 4.8%, to 2.011 million tons. (Ukrainian metal)