Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…Details
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This year Dalpolymetall intends to mine 841 thousand tons of polymetalic ore. In particular, the increase will result from the start of the Verkhniy quarry operations. At present Dalpolymetall deposits are united into two clusters – Nikolayevsky mine with Korolevsky site and the Verkhniy quarry. Since the start of the year the company has invested…Details
In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons. The combined output reached 54.96 thousand tons, up by 20% in three years. This year output is expected to grow by 5%. (Ukrainian metal)Details
In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…Details
There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol. According to the company statement, 175 employees were evacuated. The smoke arose as the cable caught fire. The fire was soon extinguished. There were no casualties. (Ukrainian metal)Details
In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…Details
Russian aluminum giant UC Rusal plans to launch $216-million production at the world’s largest bauxite field Dian-Dian in Guinea at the end of April, CEO Vladislav Solovyov declared on April 5. “We will launch the 3-million ton mine until the end of April. We have plans to expand capacity to 5 million tons, but it…Details
The Verkhovna Rada Committee on industrial policy and entrepreneurship has approved the draft decree No. 8226 on amendments to the decree “On amendments to some decrees of Ukraine on the decrease of ferrous metals scrap shortage on the domestic market”. “Ukrainian plants will have raw materials, army – weapon and machines, and Ukrainians – jobs…Details
In 2017 Mechel decreased coal output by 9% YoY, to 20.638 million tons. According to the company statement, its steel output grew by 1%, to 4.274 million tons, while pig iron manufacture dropped by 1%, to 4.029 million tons. Coalmining in Q4 2017 decreased by 8% QoQ, to 4.944 million tons, steel output grew by…Details
Metinvest has issued two Eurobond lots with maturity on April 23, 2023 for the amount of $825 million and with maturity on April 23, 2026 for the amount of $525 million. According to Bloomberg, the interest rate is 8%. The 5-year bonds have been issued at 98.986% of the nominal value. The 8-year bonds have…Details
In February pig iron output in the world dropped by 2.18% YoY, to 90.084 million tons. According to the World Steel Association, the first place is occupied by China (53.775 million tons, down by 3.2% YoY). Ukraine is on the ninth position with 1.625 million tons, slightly short of US’ 1.8 million tons, but far…Details
The board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…Details
The increased antidumping duties on railroad wheels made in Ukraine are in effect on the territory of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan) from April 5. Previously the duty was 4.75%, now it is 34.22%. The decision was made on February 28. The previous duty was set in 2016, but it…Details