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The U.S. can lift sanctions against Russian aluminum producer UC RUSAL if businessman Oleg Deripaska cedes the control, according to documents of the Office of Foreign Assets Control (OFAC). The Treasury Department also prolonged a term for U.S. citizens and companies to terminate all contracts and finish the cooperation with RUSAL until October 23 from…
DetailsFollowing the US sanctions, as early as in June Rusal could decrease the number of its employees at Bratsk and Irkutsk Aluminum Works by 10-15%. This will happen if the company fails to sell in China all the aluminum previously exported to other destinations. The main sales markets for Rusal are EU (45%), while US,…
DetailsIn 2017 Poltava Mining and Processing Works received the consolidated net profit of 4.27 billion UAH as opposed to the consolidated net loss of 40.44 million UAH in 2016. According to the company statement, its EBITDA last year grew 16-fold, to 6.04 billion UAH from 377.42 million UAH in 2016. The net income increased by…
DetailsThe government of Ukraine and Eurocommission have started negotiating the non-inclusion of Ukraine into the list of countries as to which the EU could impose limitations on metal products supplies. “We have spoken of the special protective investigation on the import of metal. That’s some 26 items”, deputy minister of economic development and trade, trade…
DetailsIn 2017 Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025 the company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the…
DetailsThe state enterprise Yuzhnodonbasskoye Mine Group No. 1 has cancelled the offers of Erlight LLC and Alfa NT LLC, having cancelled the purchase of conveyer belts with the expected value of 9.25 million UAH. On January 17 the Mine Group announced the purchase of 3 thousand meters of conveyer belts and 3 complexes to operate…
DetailsThe state enterprise Toretskugol has ordered Donenergoexport LLC the delivery of 160 tons of inert dust valued at 637.44 thousand UAH. The seller will supply dust on the basis of CPT. The cost of 1 ton of inert dust is 3984 UAH with VAT, up by 13% from the price of 3510 UAH per ton,…
DetailsEnergomashspetsstal will produce supporting rolls for three ArcelorMittal iron and steel works in France. The company has already started working on the order. In particular, EMSS will supply rolls to AM Atlantique et Lorraine Dunkerque, AМ Atlantique et Lorraine – Florange CSM and AМ Fos-sur-Mer. The combined weight of the order is 282 tons. The…
DetailsIn January-March Kamchatka obtained 1.73 thousand tons of nickel, down by 15% YoY. The only enterprise to mine for nickel in the region was the research company “Geotechologia”. It is developing the Shanuch copper-nickel deposits. This year it intends to mine some 9.5 thousand tons of nickel, up by 36% YoY. Last year the output…
DetailsIn January-March Serebro Magadana (a part of Polymetal) mined 381 kg of gold and 170 tons of silver. Omsuckchanskaya factory processing grew by 2%, to 484 thousand tons of ore. Gold output increased by 25% YoY, while that of silver remained on the previous year level. The growth of gold output has to do with…
DetailsIn January-March Buryatia obtained 0.86 tons of gold, up by 21.5% YoY, Zapadnaya artel LLC (Zapadnaya Mining) operated at the Kedrovoe deposits, and Buryatzoloto (a part of Nordgold) at the Irokinda and Kholbinsky mines. This year Buryatzoloto intends to invest 607 million rubles in drilling at its mines. Balance reserves of the deposits are estimated…
DetailsBystrinsky Mining and Processing Works has shipped the first batch of products – 1.5 thousand tons of copper concentrate – to China. By the end of the month 3 thousand tons more will be shipped. Bystrinsky GOK was constructed by Nornickel in 2017 in the hard-to-reach part of Zabaykalye region, and is now being commissioned.…
DetailsKola Iron and Steel Company has started constructing a gallery to transport coal from the site of its processing directly to the pelletizing department. At present the company transports this coal with the help of automobiles, which incurs some risks and demands considerable expenses. The length of the conveyer will be 150 meters. The project…
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