International rating agency Fitch has improved its outlook on ratings of the Russian pig iron producer Koks Group to Stable from Negative as liquidity risks have shrunk after the placement of $500 million worth of 2022 bonds at 7.75%, the agency said. “At end-May the Fitch-calculated liquidity ratio improved to well above 2x, a level…Details
Azerbaijan’s AzerGold CJSC sold a batch of gold and silver on the world stock exchange, gaining profit worth $20.905 million (35.6 million manats). “72 gold-silver alloys extracted by AzerGold at the Chovdar mining complex processing gold-bearing ores in Azerbaijan’s Dashkesan district were sent for refining to the world-renowned Argor-Heraeus gold refinery in Switzerland,” AzerGold said…Details
Ak-Tyuz processing plant will resume its work on condition of payment of salaries to its employees, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev declared. According to him, the day before, negotiations with the management of Georezerv TK CJSC lasted till night. They promised to pay…Details
The state enterprise Lvivugol has received 4 million UAH to purchase equipment and modernize mines. According to the Lviv regional state administration press-service, the money in the first place will be used to modernize the Vozrozhdeniye, Lesnaya and Stepnaya mines. This will increase Lvivugol output and improve coal quality. This year the Ministry of energy…Details
In the second half of the year Ormet, a part of Russian Copper Company, will start mining for chalcopyrite ores at the Luchistoye deposits in the Orenburg region. The company has already started constructing the quarry with the capacity of 55 thousand tons of ore per year. The deposits reserves are estimated at 112 thousand…Details
ArcelorMittal Temirtau has put into operation its sintering machine No. 6 after an overhaul.
The company spent some 3 billion tenge on repairs.
The overhaul was carried out in 75 days.
Last year AMT repaired its sintering machine No. 7. Next year sintering machine No. 5 will be repaired. (Ukrainian metal)
Interpipe Ukraine LLC has won the tender of Ukrgazvydobuvannia to supply 18.71 thousand tons of casing pipes valued at 905.986 million UAH. According to the ProZorro system, other two lots for the delivery of 4.19 thousand tons of pipes valued at 205.9 million UAH were won by Bilis LLC. In the course of the auction…Details
In May average Ukrainian export price of iron ore decreased by 24% MoM, to $59.1 per ton, while exports grew by 4%, to 3.7 million tons. In January-May iron ore exports dropped by 11% YoY, to 15.7 million tons. Deliveries to local metal works in May increased by 1% MoM, to 2.694 million tons. In…Details
Zagorsky Pipe Works and POSCO have become strategic partners. According to ZTZ press-service, the companies have signed an agreement on the delivery of rolled sheet for the manufacture of large diameter pipes. The decision to become partners has been taken after POSCO supplied 10 thousand tons of X70 steel sheets in March-April. ZTZ specialists liked…Details
Metal companies have produced a half of pipes for the Nord Stream-2 pipeline.
Now the pipes are being covered with concrete.
According to the contract Russian companies will produce 1.3 million tons of pipes, or 60% of the total volume. (Ukrainian metal)
The Mariupol Ilyich Iron and Steel Works specialists have found a way to decrease the usage of the diesel fuel. “The idea was suggested by the diesel electric locomotive operators, who transported hot slag from blast furnaces to the slag processing shop. To decrease fuel consumption the operators have changed the algorithm of their usual…Details
In January-May Corum Group increased exports by 6% YoY. “We exported mostly drill-loading machines, transformer substations and trolleys. We shipped to Kazakhstan, Russia, Poland and Estonia”, the company said. In 2016 Corum exports increased by 34% YoY. “In 2016-2017 we supplied 4 tunneling machines to Kazakhstan, 2 drill-loading machines, 5 reloaders and scraper conveyors, 3…Details
According to World Steel Dynamics Inc., two Russian companies entered TOP-5 of the most competitive steel companies of the world.
37 companies participated in the research.
Severstal was placed second with 7.79 points, while NLMK, fifth last year, went up one position.
Posco heads the list with 8.31 points. (Ukrainian metal)
Uralelectromed has started assembling pipelines for electrolyte circulation under the second stage of the copper electrolysis shop construction. The total length of the pipelines will be 10 km. The pipelines will be used to prepare, distribute and circulate electrolyte from tanks to 448 electrolysis baths. The construction of the second stage began in July 2014.…Details
The Ministry of energy expects coal exports to grow by 6.3-9.4% YoY in 2017, to 175-180 million tons.
In 2016 Russia exported 164.6 million tons of coal, up by 8.7% YoY.
The ministry also expects coal output to reach 395 million tons this year, up by 2.4% YoY. (Ukrainian metal)
Uralskaya Kuznitsa has started producing rods of special steel grades and heat-resistant alloys for aviation engine building. The quality of the new products has been confirmed by the Aviation materials research institute. UralKuz manufactures new products together with Izhstal and Beloretsk Iron and Steel Works. UralKuz smelts steel and alloys and produces rods and billets…Details
Cherepovets Iron and Steel Works has started assembling the crane produced at the machine-building shop of SSM Tyazhmash. “The No. 42 crane is our largest project in 2017. Its lifting capacity is 70 tons, length – over 34 meters, and weight exceeds 248 tons”, Severstal Russian Steel repair division director Sergey Dobrodey said. The new…Details
Russia: BASF and Norilsk Nickel to cooperate on raw material supply for battery materials production in Europe
BASF and PJSC MMC Norilsk Nickel (Nornickel) announced that they had signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for lithium-ion batteries in Europe. BASF intends to invest up to 400 million euro in a first step to build industry-leading production…Details
Russian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…Details
DTEK Komsomolets Donbassa mine, with assets on the occupied territory of Donetsk region, has to pay 13.8 million UAH to the Pension Fund. The company has long been not paying pensions to its employees and not reimbursing the Pension Fund, as the result its debt amounted to 13.8 million UAH. The Donetsk region prosecutors filed…Details
Uskovskaya mine is one of the best coal enterprises of Kuzbass as to output. 1 million tons of coal have been mined from two long faces – 50-10 and 50-08 (put into operation in May). The target was reached in 4 months. Each month the miners yield 250 thousand tons of coal. The first 1…Details
Cherepovets Iron and Steel Works has set a new manufacturing record making 75 smeltings on two converters in one shift.
The new schedule on smelting has been prepared with the help of manufacture and orders planning department.
Severstal-Vtorchermet supplied enough scrap.
The previous record was set in June 2015 – 70 smeltings. (Ukrainian metal)