Mechel-Steel, a subsidiary of the Russian metals and mining company Mechel, and Kyrgyzstan’s state railway company Kyrgyz Temir Zholy have signed a letter of intent to expand cooperation, Mechel said in a statement. The letter stipulates that the companies will develop system-wide cooperation aimed at exchanges of information on products, and on supplies of rolled…
DetailsUkraine in January-November increased coal imports in monetary terms 1.87-fold YoY, to $2.431 billion, according to the State Fiscal Service of Ukraine. Russia remained the major supplier of coal over the period under review, accounting for 56.4% of total supplies worth $1.37 billion, the report said. It is followed by the United States (24.8%, $603.8…
DetailsOn the Near East market Interpipe’s main customers are the United Arab Emirates and Turkey. “We have strong connections with clients in the region, both in oil and gas and construction sectors. 58.5% of all our deliveries fall on oil and gas projects. UAE accounted for 25% of them, Turkey – 18% and Egypt –…
DetailsIn November Russia supplied some 280 thousand tons of coal illegally taken from the occupied Donetsk and Lugansk regions of Ukraine to Europe, up by 18.6% MoM, or by 44 thousand tons. The largest exporters of Donbass coal are companies, controlled to the fugitive Ukrainian businessman Sergey Kurchenko. In particular, in October his two companies…
DetailsAzerbaijan, one of the richest in precious metals deposits countries in Eurasia, has increased gold and silver mining. The country produced 5,669 kg of gold in January-November, up 3.2-fold YoY. The State Statistics Committee reported that the extraction of silver increased by 67.9%, amounting to 566.800 kg. The stocks of finished goods, as of December…
DetailsRussian oligarch Alisher Usmanov is interested in Alchevsk Iron and Steel Works, a Ukrainian enterprise earlier seized by Russia-backed militants in the occupied Donbas, according to a Ukrainian MP, coordinator of Information Resistance analytical group Dmytro Tymchuk. Leaders of the self-proclaimed Donetsk People’s Republic (“DPR”) are failing to revive operations of most of the “nationalized”…
DetailsIn 2018 Ukraine intends to invest 2.5 billion UAH in modernization of coal enterprises. “We’re switching to the management mode, when every mine is responsible for its efficiency. Restructuring the industry will let the country save some 1.5 billion UAH”, the minister of energy and coal industry Igor Nasalik said. Still until the document on…
DetailsMetinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…
DetailsThe Saranskaya, Abayskaya, named after Kuzembaeva and named after Kostenko mines have resumed operation. According to ArcelorMittal Temirtau press service, at present the company is evaluating the resumption of operation at other mines. AMT management offered miners to increase their salary by 30%. During the strike the coal for metallurgical operation was purchased from other…
DetailsEn+ Group, belonging of Oleg Deripaska and owning 48.13% of Rusal, has attracted VEB to two aluminum projects. In particular, VEB will invest 18.5 billion rubles in the construction of the first stage of TaAZ with the capacity of 420 thousand tons per year, and 7.7 billion rubles on the creating of aluminum plates manufacture…
DetailsMagnitogorsk Iron and Steel Works has been named one of the World Wildlife Fund’s Top Ten most environmentally responsible mining and metallurgic companies in Russia in 2017. MMK came eighth place in a list, the highest achievement for Russia’s iron and steel companies. The results of the study were presented at the UN office in…
DetailsThe mining site No. 1 of the Pershotravenskoye Mine Group of DTEK Pavlogradugol has mined 1 million tons of coal since the beginning of the year. It is planned that this and other sites will outperform their annual output target. “Some 10 years ago this was an unachievable result. At that time for all the…
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