The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…Details
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A gas blowout occurred at the Centralnaya mine in the city of Toretsk resulting in the death of a miner. According to the commissioner of human rights in Donetsk and Lugansk regions Pavel Lisyanskiy, the accident happened late on October 11. There was a gas kick in the shaft and the cave-in of coal. One…Details
In October the state enterprise Vostochniy Mining and Processing Works will put into operation a sulfuric acid warehouse with the capacity of 5 thousand tons. This will increase the stocked volumes of the acid and the terms of uninterrupted operation of the sulfuric acid machine. In 2017 VostGOK decreased uranium concentrate output by 16.8% YoY,…Details
In September railroad deliveries of metal from NLMK totaled 1.1 million tons, up by 14.8% YoY. In 9 months sales reached 9.6 million tons, up by 2.5% YoY. Deliveries to Russian customers increased by 0.6%, to 3.2 million tons, while exports grew by 3.5%, to 6.4 million tons. (Ukrainian metal)Details
In September railroad sales of steel from Amurstal totaled 55.1 thousand tons, up 2.6-fold YoY. In January-September sales grew 5.2-fold, to 406.5 thousand tons. This year Russian customers received 138.2 thousand tons, while 268.3 thousand tons were exported. (Ukrainian metal)Details
RM-Steel, specializing in the metal structures for the construction of ships, plans to double its output next year. “For this we intend to buy another heating furnace, which will allow us increasing output from 11 thousand tons to 22 thousand tons. The cost of the new machinery is around 90 million rubles”, the company owner…Details
In January-September Russian ports handled 604.2 million tons of cargo, up by 4% YoY. According to the Association of the Sea Trade Ports, in particular the throughput of coal totaled 121.9 million tons, up by 5.4%. The throughput of ferrous metals grew by 8.5%, to 22.6 million tons, of scrap – by 13.6%, to 3.2…Details
The subsidiary of the state concern Rosgeologia has completed its prospecting works for Q3 at the Karymshinskoe field. There the enterprise is looking for ore gold according to the state contract signed in 2017. The field is situated in the southeastern part of the Kamchatka peninsula. The completion of the contract is scheduled for late…Details
Since the start of the year Amur region has mined 2.5 million tons of power-generating coal, up by 5% YoY. In the region coal is mined at the Erkovetsky and Severo-Vostochniy pits. To further increase Erkovetsky capacities, Amur Coal will by new machines – a hydraulic excavator and bulldozers. (Ukrainian metal)Details
A new MMK sintering factory will have two unique sinter machines with no analogues in Russia. At present the company is assembling metal structures for the main premises and the buildings of the factory as well as machinery. The new machines will have a sintering area of 300 square meters at each sinter belt, with…Details
Russia: Metalloinvest and ChelPipe Group discuss ways to boost OEMK steel supply for pipe production
Metalloinvest and ChelPipe Group have held a Coordination Committee meeting at OEMK (a part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (a part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant,…Details
The Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…Details
Prices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…Details