Mining and metallurgic company Norilsk Nickel plans to issue green Eurobonds until the end of 2018, Deputy Chairman of the Board Andrei Bugrov said at a central bank meeting. “There have been no green bond issues on the domestic market yet. Norilsk Nickel is discussing an option to issue the instrument to support a program…Details
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Under the first stage of the investment project Naberezhniye Chelny Pipe Works has purchased equipment and started producing casing pipes for oil and gas industry. The manufacture started on the leased territories at the Chelny industrial park. The annual capacity of 48 thousand tons of pipes is expected to be reached by early 2020. “We…Details
Since the beginning of the year Rusolovo has mined 1 thousand tons of tin concentrate, up by 60% YoY, and a historical record for the company. “This year has become a key one as to the development of our manufacturing base and reaching new producing heights. Not only have we carried out a large repair…Details
According to preliminary results, in 2017 Primorsky Mining and Processing Works will produce 2700 tons of tungsten concentrate and 1600 tons of copper concentrate. In 9 months output was down by 5% YoY. By the end of the year the difference will have decreased to 2%. Primorsky GOK is developing the Vostok-2 deposits. The company…Details
The United Pipe Company has for the fourth year in a row been named the best supplier of industrial products and goods for the oil and gas industry (pipes). “The TMK products are associated with quality and reliability in Russia, as well as abroad. The fourth award is yet another confirmation of this”, TMK deputy…Details
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…Details
Ukraine 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…Details
On 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 –…Details
In 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…Details
Azerbaijan, 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…Details
Russian 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”…Details
In 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…Details
Metinvest 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…Details