Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…
DetailsThe prosecutors suspect the managers of the state enterprise Selidovugol and Techprom LLC in the abuse of office that could have lead to the purchase of used and broken machinery and equipment. Selidovugol ordered Techprom the delivery of 17 mechanical fasteners valued at 1.99 million UAH for Kurakhovskaya mine in 2016. In late 2016 Techprom…
DetailsThe key Ukrainian pipe enterprises cut ferrous pipe production by 0.5% in 2016, to 848,000 tons. A total of 67,000 tons was made in December 2016. The Ukrtruboprom association reported that the association’s enterprises cut pipe output by 10% in 2016, to 552,300 tons, making 44,700 tons in December 2016 alone. Ukrtruboprom said that Khartsyzsk…
DetailsRailroad transportation of coal in January increased by 20.7% YoY, to 12.99 million tons, with exports up by 20.8%, to 12.99 million tons, and imports down by 75%, to 2.85 thousand tons. Export deliveries to the port of Vostochny via railroad in January totaled 2.75 million tons, up by 12.5% YoY. Port of Vanino received…
DetailsIn 2016 Metinvest enterprises produced 29.64 million tons of iron ore concentrate, down by 8% YoY. Pellets output decreased by 8% YoY, to 6147 thousand tons, because of the increase of local consumption. (Ukrainian metal)
DetailsTh European Commission decided not to prolong the antidumping duty on the import of steel ropes originating from Ukraine and Moldova that has been in effect since 1999. In January 2016 EU decreased the duty for Stalkanat-Silur ropes from 51.8% to 10.5%. (Ukrainian metal)
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest”), announces its operational results for the fourth quarter and the 12 months of 2016. In Q4 2016 Metinvest’s overall hot metal output decreased by 5% QoQ, 2,211 thousand tons, as production dropped at Azovstal, Ilyich…
DetailsIn 2017 Tigers Realm Coal (Australia) intends to mine up to 400 thousand tons of coking coal at the Fandyushkinskoye pole deposits in Chukotka and export at least half of it through the port, which is under reconstruction at present. “Of course, this is the minimal, the initial plan, we will require some time to…
DetailsKarelsky Okatysh, a part of Severstal, is the largest producer of pellets in Russia, as it yields one third of all Russian pellets. In 2016 Uralmashzavod delivered 2 crushers to the works. The machinery has been put into operation and processes 571 tons of ore per hour on average each. Now the works has ordered…
DetailsFor the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume. In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%,…
DetailsIn 2016 thermal power plants and steam power plants increased coal consumption by 9.4% YoY, or by 2.7 million tons, to 31.338 million tons. According to the Ministry of energy and coal industry, in December 2016 coal consumption increased by 22.3% YoY, or by 575.1 thousand tons, to 3.151 million tons. In 2015 TPPs and…
DetailsS&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…
DetailsIn 2017 Seligdar intends to produce over 830 tons of tin, up 1.5 times YoY. “In 2016 we mined 618 tons of tin, up by 7% YoY. In autumn 2016 we put the Solnechnaya processing factory into operation, which would allow us to increase output 1.5 times. We have also started the reconstruction of the…
DetailsInvestments into the Jerui project will reach 32.6 billion soms in 20 years. In May 2015 the Russian Vostok-geoldobycha won the tender to develop the deposits. In early 2016 the Kyrgyz government said the construction of the gold-mining factory would start in autumn. But the year has passed, and the company was still discussing the…
DetailsIn January the Makmalzoloto mine yielded 27 kg of gold. According to Kyrgyzaltyn information, this is up by 4.7% from the target. The increase is explained by the partial replacement of machinery at Makmalzoloto. At present the mine has over 1 thousand employees. Makmalzoloto is the largest asset of Kyrgyzaltyn. The deposits grew low 10…
DetailsThe State Property Fund of Ukraine plans to put the 68.0095% stake of Zaporozhye Aluminum Works up for an auction in September. The privatization of the company will be carried out on the competition basis with open offers. The decision to return 68% of ZALK to the state was taken in May 2011 by the…
DetailsIn January Ukraine produced 2.1 million tons of steel, up by 9% YoY. According to Ukrmetallurgprom, rolled metal output increased by 10%, to 1.86 million tons, of pig iron – remained on January 2016 level – 1.91 million tons. Coke production dropped by 7%, to 1 million tons. In 2016 Ukraine produced 24.2 million tons…
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