In January-November 2017 the share of Russian exports of metal and wares to far foreign countries reached 10.1%, up from 9.9% in 2016. The monetary volume of exports grew by 28%, while physical volume dropped by 3.2%. Pig iron exports decreased by 13.1%, aluminum – by 6%, ferroalloys – by 5.8%, and semi-finished products of…Details
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Deputy Prime Minister of Ukraine Volodymyr Kistion says Ukraine in 2017 almost halved consumption of anthracite coal whose stocks in Ukraine are insufficient, having used 4.8 million tons of anthracite at its thermal power plants. “In 2017 Ukraine consumed slightly more than half of anthracite coal compared to 2016. If in 2016 we burnt 8.9…Details
In 2017 Ukrainian metal works purchased 2.83 million tons of scrap, down by 12.7% YoY. Scrap covered only 90% of the need. The average usage of purchased scrap was 133 kg per 1 ton of steel. At the same time exports of scrap in 2017 increased by 78.5% YoY, to 486.5 thousand tons. The major…Details
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…Details
S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…Details
AzerGold is looking for a company to provide transportation and precious metals ingots delivery services. The company will be chosen at the open tender. The cost of participation is 250 manats. All the offers are accepted through February 26. The tender will be held on February 27. AzerGold was created by the decree of the…Details
In 2017 Magadan region obtained almost 33 tons of gold, up by 5 tons YoY. Pavlik developing the deposits of the same name mined 6.5 tons of gold. Susumanzoloto is still the best alluvial gold extractor – 4 tons. This year the region intends to increase output. In particular, the new mine named after Matrosov…Details
Mikhailovsky Mining and Processing Works has put two new locomotive units in operation. The new machinery has been purchased under the investment program of Metalloinvest to improve efficiency of manufacture. The locomotive units have increased power, which enables to use 11 dump cars in one train instead of 10. The machinery will transport ore from…Details
Rusal and Energoprom have signed a 5-year contract for the delivery of cathode blocks at the volume of 21.5 thousand tons per year. According to the agreement, in 2018-2022 Energoprom will cover up to 70% of Rusal aluminum works needs in carbon-graphite raw materials. The products will be supplied from Novosibirsk Electrode Works. “This is…Details
Severstal has concluded a contract for the delivery of equipment for vertical and horizontal stands and the modernization of the laminar machine of the 2000 hot-rolling mill at the Cherepovets Iron and Steel Works. Investments in modernization total 2 billion rubles. The machinery will be supplied by Primetals Technologies (Austria). The project is to be…Details
Export of Russian coal in 2017 increased by 4% YoY, to 185.136 million tons, the Ministry of Energy said. The commodity exports volume in December 2017 reached 15.082 million tons. Coal mining in December 2017 amounted to 36.097 million tons, of which 32.821 million tons were delivered. (PortNews/Ukrainian metal)Details
Insolvency administrator to the bankrupt KVV Liepājas metalurgs Guntars Koris has decided to sell property owned by the company at an auction, as confirmed by the administrator’s representative Dzintars Hmieļevskis. This decision was made because none of the contenders to purchase KVV Liepājas metalurgs had complied with conditions put up by creditors and had not…Details
The joint Tajik-Chinese precious metals manufacturer Zeravshan is undergoing a reconstruction. “At present we are renewing the production line, thus mining has been suspended”, the company reported. Zeravshan is the largest precious metals miner in Tajikistan with the share of 70%. It was founded in 1994 on the basis of the gold-extracting factory, which began…Details