Rusal intends to attract the VEB financing to the project of the new manufacturing complex construction at Khakassk Aluminum Works. “We envision VEB financing at 70 by 30. The total cost of the project is 130 billion rubles, it will be constructed in stages”, Rusal CEO Vladislav Soloviev said. “We want KhAZ 2 to produce…Details
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Boguchansky Aluminum Works, a joint venture of Rusal and RusHydro, could double its capacities to 300 thousand tons per year in 2018. At the same time it is still uncertain whether RusHydro will participate in the construction of the second stage of BoAZ (to 600 thousand tons), nor in another Rusal project – Taishet Aluminum…Details
In March Karelsky Okatysh, a part of Severstal, sold 1 million tons of pellets, a record for March, and up by 52 thousand tons from the previous record of December 2016. “In the record month we shipped 460-520 wagons a day, but we could ship even more”, the company deputy commercial director on logistics Svetlana…Details
In January-March Ukraine mined 6.7 million tons of coal, down by 11.3% YoY. According to the State Statistics Service, in March coal output dropped by 17.7% YoY, to 2 million tons. In January-February coal output increased by 11.3% YoY, or by 750.8 thousand tons, to 7367.9 thousand tons. Coking coal output dropped by 24.2%, or…Details
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan denied Kyrgyzaltyn OJSC the licenses for the development of gold deposits. Kyrgyzaltyn OJSC received a refusal on placer gold deposits of Sary-Jel and Kumbel in Naryn region. In addition, Altyn Tash Company LLC (Pervenets) and ACC Tash (Verkhnekeminsky ore field area) also were denied…Details
Miners were rescued after almost two days in Jergalan, the sister of the miner Akbermet Dorgoeva reported. Information was also confirmed in the office of government’s permanent representative in the region. “Rescuers reached the miners and brought them to the surface, they are safe and sound. They spent almost two days under the rubble and…Details
The board of directors of Russia’s Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.242 rubles per share, or a total of about 13.879 billion rubles in dividends for 2016, the company said in a statement on April 24. The record date for dividends is set at June 6. The shareholders will discuss the…Details
Russia gold producer Polyus increased gold output by 17% YoY, to 450,000 ounces in January-March, the company said in a statement on April 24. Income from sales rose by 19% YoY, to $600 million, with an average sales price of $1,258 per ounce, 3% higher than the London Bullion Market Association (LBMA) spot price. (Prime/Ukrainian…Details
Volnogorsk Mining and Metallurgical Combine, a part of the United Mining and Chemical Company, has ordered the Imex Minerals LLC the development of the mined rock at 83.85 million UAH. This year the company will have to develop some 2.15 million cubic meters of rock with delivery to 2.5 km valued at 30 UAH per…Details
Lisichanskugol has ordered the Promtorg Company LLC the delivery of filtering equipment valued at 8.06 million UAH. This year the miners will receive 300 self-rescuers at 8326 UAH apiece and 2 thousand chargers to training self-rescuers at 2781 UAH apiece. In open sources the self-rescuers are almost twice cheaper. Last year Lisichanskugol bought the chargers…Details
The Lviv regional state administration reports the receipt of 5.69 million UAH by the state enterprise Lvivugol to open new long faces and buy equipment to modernize mines in 2017. At present three new long faces are being prepared to be put into operation. It is expected that they will start working in July, increasing…Details
In January-March RUSAL produced 910 thousand tons of aluminum, down by 2.1% QoQ. Sales reached 985 thousand tons, up by 6.8% QoQ. Value-added products amounted to 436 thousand tons in the total sales, up by 7.8%. The average price in Q1 increased by 8.3% QoQ, to $1949 per ton. Alumina output in January-March totaled 1889…Details
In January-March Chelyabinsk Iron and Steel Works, a part of Mechel, received 950.3 million rubles of net profits, up 2.3-fold YoY. The company revenue increased by 42% YoY, to 30.333 billion rubles. Sales reached 862 thousand tons, up by 1.6% YoY. (Ukrainian metal)Details
In 2016 VSMPO-Avisma received 25.4 billion rubles of profits, up by 9 billion rubles YoY. The corporation revenue totaled 89.4 billion rubles, up by 13.4% YoY. The net cash flow reached 35.7 billion rubles as opposed to 27.9 billion rubles in 2015. (Ukrainian metal)Details
Cherepovets Iron and Steel Works, a part of Severstal, has finished the first repair of the main machinery in the sheet-rolling shop scheduled for this year. In particular, the 5000 mill, inner pipelines and furnaces have been repaired. “All the repair works have been complete. They will allow us to provide for the faultless operation…Details
In 2017 Evraz will supply some 700 thousand tons of rails, including 240 thousand tons of 100-meter rails to the Russian Railroads. The delivery of longer rails will increase by 60% YoY. Rails at the order of the Russian Railways are produced at Evraz ZSMK and NTMK. In January-March they have already supplied the railways…Details
In 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles. Construction of industrial objects and the development of heat and electricity generation will see the most investments. The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)Details