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Russia: Brazil to impose duty on steel

Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…

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Russia: MMK starts modernizing section rolling mills

Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…

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Russia: Polyus gold output up in 2017

In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…

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Azerbaijan: Dashkesan Filizsaflashdirma 99% shares to be sold again

The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…

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Russia: Chukotka coal output up in 2017

In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY. The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016. The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)

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