Ukrvtorchermet has applied for debt restructuring procedure. The volume of the debt is not disclosed. Ukrvtorchermet procures and processes ferrous metals scrap and waste. Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)
DetailsIn January Dneprospetsstal produced 20591 tons of steel, down by 10.7% MoM. Rolled metal output dropped by 4.6%, to 13818 tons. The total cost of products manufactured in January was 780572 thousand UAH, down by 3.2% MoM. (Ukrainian metal)
DetailsIn January Russia produced 4.5 million tons of pig iron, down by 0.9% MoM, but up by 2.2% YoY. According to the Federal Service of State Statistics, rolled metal output increased by 3.5% YoY, but dropped by 5.8% MoM, to 5.1 million tons. Pipe manufacture reached 0.954 million tons, up by 14.9% YoY, but down…
DetailsIn January Zabaykalye region decreased lead output by 4% and zinc – by 3% YoY, while tungsten concentrate output dropped by 37%. As of February 1, the region yielded 87.8 tons of tungsten concentrate. Only Novoorlovsky GOK is mining for the concentrate at present. Lead and zinc output reached 4400 and 2580 tons respectively. Last…
DetailsStepps East LLC plans to carry out prospecting works at the Mutnovskoye gold, silver and polymetal deposits in order to construct a mining and processing works there. The deposits are situated 60 km south of the city of Petropavlovsk-Kamchatski. It is believed, that apart from gold and silver, the field contains considerable reserves of lead,…
DetailsAtomredmetzoloto intends to start mining for gold at the Severnoye deposits in Yakutia. The Severnoye uranium deposits are a part of the Elkon uranium ore district. The designing of the uranium works was put on hold in 2011 after world prices fell drastically following the Fukushima accident. In 2019-2020 the company will carry out prospecting…
DetailsEnergomashspetsstal has prepared another batch of 22 billets for the construction of the Akkuyu nuclear power plant in Turkey. EMSS is the main supplier of billets for the NPP key machinery. Under the contract, representatives of the customer visited the company to inspect the billets produced. The acceptance of the products was carried on February…
DetailsLaboratory of Innovative Technologies has become the first company on the territory of the ex-USSR to start processing rare-earth metals. Previously all concentrates have been processed abroad, and then returned back to Russia as oxides, metals and alloys. From now on Russia will be processing them itself. All the products manufactured will be sold on…
DetailsOn February 16 the state enterprise Lvivugol cleared its salary debts of 2017. In particular, the enterprise received 10 million UAH from the state company Coal of Ukraine. On January 4 Coal of Ukraine transferred 21 million UAH to pay salary to Lviv miners for November 2017. (Ukrainian metal)
DetailsThe U.S. Commerce Department has suggested Washington introduce prohibitive import duties on steel and aluminum from Russia, China, and other countries to boost local production and employment. The department suggested a 53% duty on steel imports from Russia, Brazil, China, Costa-Rica, Egypt, India, Malaysia, South Korea, South Africa, Thailand, Turkey, and Vietnam and a 24%…
DetailsThe Far Eastern Development Fund (FEDF) and China Gold intend to sign documents to establish a joint fund for gold mining investment, including the Klyuchevskoye field near Lake Baikal, head of FEDF Alexei Chekunkov declared. “We with the Chinese partners have agreed that with a high degree of probability this deal will become the first…
DetailsRussian tycoon Oleg Deripaska plans to resign from the president positions at aluminum giant UC RUSAL and multi-industry holding En+ Group. Deripaska will remain a non-executive director at boards of directors of the companies. Current CEO of En+ Maxim Sokov will become the president of the holding, while RUSAL CEO Vladislav Solovyov will become the…
DetailsThe government of Tajikistan has bought 5% of shares in the Zarafshon gold mining facility, a Tajik-Chinese joint venture, for $1, a source in the Tajik government said on February 15. The agreement with the Chinese side was signed by Farrukh Hamralizoda, head of the Tajik State Property Committee, on the instruction of Tajik President…
DetailsThe state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH. The works have to be carried within 3 months. The contractor has to provide a 12-months guarantee. (Ukrainian metal)
DetailsPJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…
DetailsThe Kremlin will not interfere in disagreements between shareholders of Norilsk Nickel, but hopes they will not hurt its operations, presidential spokesman Dmitry Peskov declared. Tycoon Vladimir Potanin’s Interros, the owner of 30.3% in Norilsk Nickel, offered to buy a 4.95% stake in the company from Crispian Investments Ltd, affiliated with Roman Abramovich and his…
DetailsOn February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…
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