Pearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…
DetailsPJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…
DetailsCherepovets Iron and Steel Works has obtained a Lithuanian certificate for B500B steel with the diameter of 10-32 mm for concrete reinforcing. According to the company statement, its rebars have been certified to LST EN 10080:2006. “Thanks to the certification Severstal will expand the geography of supplies and increase its efficiency with the help of…
DetailsIn January-October DTEK mines produced 18.8 million tons of G-grade coal, up by 9.2% YoY. According to the company statement, in October DTEK Pavlogradugol and DTEK Dobropoplyeugol increased output from 1.8 million tons in September to 1.9 million tons. In 9 months DTEK invested in the development of the manufacture some 3 billion UAH. (Ukrainian…
DetailsThe state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of mine sections valued at 17.89 million UAH. In particular the company has to supply 100 tons of SVP-27 sections at 37.5 thousand UAH per ton and 500 tons of SVP-33 sections at 28.29 thousand UAH per ton. At the same time these sections are…
DetailsThe Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…
DetailsThe pipe-rolling shop No. 1 of the Seversk Pipe Works has completed another stage of the flow line No. 5 modernization The project was carried out without stopping the manufacturing process. The new SMS Group presses assembled in the ship will be tested in December 2017 – January 2018. “The project of flow line No.…
DetailsIn 2018 coal output at the Sayano-Partizansky pit in Krasnoyarsk krai will increase by 30% YoY, to 1 million tons. According to Russian Coal, then output will reach 1.5 million tons and increase to 3 million tons per year. The pit is the only deposit of coal in Krasnoyarsk krai. 80% of coal mined there…
DetailsKarelsky Okatysh has put in operation the fourth EKG-20KM excavator. The first two excavators have been operating at the Central and South quarries for over a year already. The third excavator was put in operation in August. (Ukrainian metal)
DetailsNLMK-Kaluga has put into operation a steel-casting ladle with a new wall lining, which decreases refractory materials usage by 25%. The ladle transports liquid steel from the furnace. Earlier NLMK-Kaluga ladles have been lined with refractory bricks. The new technique uses liquid refractory concrete. “We intend to save some 29.1 million rubles a year with…
DetailsIn early November Donetsk Iron and Steel Works, situated in the temporarily occupied region, stopped operating because of the lack of funds. The money provided by the managing company Vneshtorgservice LLC was used to buy fuel, raw materials, machinery, etc. In June the works was shut down because of the absence of fuel. (Ukrainian metal)
DetailsIn January-October Ukraine imported 2.167 thousand tons of hot-briquetted iron, down by 95.2% YoY. According to the State Fiscal Service, imports decreased in monetary terms by 92.5%, to $580 thousand. Ukraine does not export or re-export HBI. The largest manufacturer of HBI in the CIS countries is Lebedinsky GOK (Russia). In 2016 because of the…
DetailsIn January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…
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