In January-October Kazakhstan exported 23.4 million tons of coal, up by 13.6% YoY. Output totaled 86.6 million tons, up by 11.6% YoY, or by 9 million tons. 61.8 million tons were supplied to the local market, with 45.9 million tons delivered to combined heat power plants and state district power plants. (Ukrainian metal)
DetailsMikheyevsky Mining and Processing Works has completed repairs of the Superior MK 60-89 gyratory breaker with the capacity of 4 thousand tons of ore per hour. This is the largest breaker in Russia. The repairs were completed in just 36 hours instead of 120 as planned. (Ukrainian metal)
DetailsVIZ-Stal has started assembling new crane machinery to service its cold-rolling mills. The new crane with the boggy truck will replace the outdated lifting machine. The new crane lifting capacity is 22 tons against 20 tons of the old one, and this will result in the transportation growth of 10%. The new crane will be…
DetailsIn Q3 Asha Iron and Steel Works received 19 million rubles of net profits as opposed to the loss of 92 million rubles in Q2. According to the company statement, in Q3 2016 it received 435 million rubles of net profits. In January-September AMZ net profit totaled 372.2 million rubles, down by 57% YoY. In…
DetailsIn September Metinvest increased EBITDA by 69.5% YoY and by 38.2% MoM, to $217 million. According to the group statement, revenue grew by 47.3% YoY and by 11.7% MoM, to $832 million. In September Metinvest sold 1.286 million tons of metal, up by 18% YoY and by 8.9% MoM, valued at $701 million. Mining sales…
Details36 mines on Ukraine-uncontrolled territory can no longer be used because of the complete or partial flooding. “As the result of the military activities, coalmining enterprises have been cut off grid resulting in the break in the operation of water-pumping systems, which in some cases has led to complete flooding of mines”, the OSCE report…
DetailsCorum Group has finished the construction of the fan unit at the Expluatatsionnaya mine of the Zaporozhye Iron Ore Complex. The unit has already received the certificate allowing it to be commissioned. The fan will be providing the mine with ventilation for some 35 years. The new unit has replaced outdated centrifugal fans. (Ukrainian metal)
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, has shipped transformer (or grain-oriented steel, GO) steel to Ruselprom, one of Russia’s leading electric machinery manufacturers. NLMK steel was used to make energy equipment for the most powerful nuclear icebreaker in the world, the Ural. Steel for the…
DetailsIn January-September DTEK Group of Companies produced 21 million tons of coal, down by 5.8% YoY (out of which high-volatile steam coal grades accounted for 16.9 million tons, up by 10.5% YoY; anthracite and lean coal accounted for 4.1 million tons, down by 41.7%). “Ukraine will become energy independent,” says DTEK CEO Maxim Timchenko when…
DetailsRoof of the smelting shop No. 1 of Nadezhdinsky Iron and Steel Works in Norilsk has collapsed. According to emergency service, the roof was damaged on the space of 500 square meters. The roof collapsed following a very strong wind with the velocity of 30 meters per second. There were no casualties. At present the…
DetailsMore than half of creditors that issued a $1 billion syndicated loan to Russian metals and mining group Mechel supported its restructuring conditions, Mechel CEO Oleg Korzhov said in a conference call on November 28. Some of the banks have sold their shares in the loan. “Currently, we continue negotiations with the banks that have…
DetailsRussian metals producers UC RUSAL and Norilsk Nickel have abandoned an idea of a merger, key owner of Norilsk Nickel Vladimir Potanin said on November 29. “We have agreed with Oleg Deripaska, president and key beneficiary of RUSAL, that Norilsk Nickel and RUSAL are different companies and no synergy is visible. This is why they…
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