In January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…Details
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During the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…Details
The Energy and Coal Industry Ministry of Ukraine should seek financial resources to boost coal production and ensure the proper activity of the industry, Ukrainian Prime Minister Volodymyr Groysman said, commenting on results of the government meeting with participation of the leadership of the Energy and Coal Industry Ministry and the Finance Ministry. “Until September…Details
In January-June the Dalpolymetal Mining and Metallurgical Complex produced 9.54 thousand tons of zinc concentrate and 5.57 thousand tons of lead concentrate, up by 61% and by 45% YoY respectively. Last year the enterprise lifting machine broke down. This year the machine has been repaired. In 2018 Dalpolymetal intends to produce 15 thousand tons of…Details
In January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…Details
In January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY. In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons. This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)Details
In January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…Details
The net profit of Russian aluminum giant UC RUSAL doubled YoY, to $952 million in January-June from $470 million in the same period of 2017, the company said in a report on August 6. Adjusted net profit went up by 15%, to $535 million, while the recurring net profit gained 41.5%, to $971 million. Adjusted…Details
Prices of precious metals except for palladium changed over to increase in Azerbaijan on August 6, according to the data published by the Central Bank. The price of gold increased by 13.5235 manats, to 2066.01 manats per ounce compared to the price on August 3. The price of silver increased by 0.2476 manats, to 26.2594…Details
In July DTEK Dneprovskoye Mine Group put 3 long faces into operation. On July 31 the mine named after Stashkov commissioned another face. DTEK investments totaled 39.9 million UAH. The long face will yield 500 thousand tons of power-generating coal. By the end of the year DTEK Dneprovskoye Mine Group intends to have commissioned 4…Details
The speaker of the Verkhovna Rada Andrei Parubiy has signed the decree on state coal industry financing. The decree has been sent to the president Petro Poroshenko. 261 members of the parliament voted in favor of the decree. The decree aims to clear salary debts to state miners. (Ukrainian metal)Details
In January-June Dalnegorsk Mining and Processing Works mined 469.5 thousand tons of datolite ore, down by 8% YoY. From August 3 all the machinery at the works is gradually shut down for 25-30 days for repair. The works will be resumed in September. As of January 1, 2017 the datolite ore reserves at the Dalnegorskoye…Details
Mechel has prolonged the contract to supply coal to Baosteel Resources, a part of China Baowu Steel. The new agreement is valid till June 2019. Within this period Mechel will ship 700 thousand tons of premium grade coking coal to China – up to 40 thousand tons each month. The price will be set on…Details