Russia: Polymetal exchanges Tarutinskoye deposits

Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…

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Russia: NLMK Board approves corporate documents

At a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…

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Ukraine: EMSS to supply 1 thousand tons of rolls to Mariupol Ilyich

Mariupol Ilyich Iron and Steel Works has signed an agreement with Energomashspetsstal on the delivery of 1 thousand tons of rolls for the sheet-rolling shop-1700.

The tenders took place in March and August.

EMSS will supply back up and vertical rolls for hot-rolling mill.

The rolls have to be supplied in H1 2019. (Ukrainian metal)

Russia: Uskovskaya mines 2 million tons of coal

The Uskovskaya mine has yielded 2 million tons of coal.

The coal was mined from two long faces – 50-06 of the East wing and 50-20 of the West wing.

The 1st million tons were mined in May.

Uskovskaya mine, a part of Raspadskaya Coal Company, extracts coking coal. (Ukrainian metal)

Russia: KSGOK borrows $240 million from Gazprombank

Kimkano-Sutarsky Mining and Processing Works has signed an agreement with Gazprombank on borrowing $240 million for 8 years. The funds will be spent to develop the Sutarskoye deposit in the Jewish Autonomous Region with the design capacity of 3.2 million tons of iron ore concentrate per year. KSGOK is developing two deposits with the consolidated…

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Russia: Mechel-Koks finishes coke-oven battery No. 7 modernization

Mechel-Koks has commissioned the modernized coke-oven battery No. 7.

The modernization will help decrease air pollution when producing coke by 9.1 tons per year.

The cost of the project was 76 million rubles.

Since 2006 Mechel has invested some 5 billion rubles in Mechel-Koks modernization, including 1.4 billion rubles in environment protection. (Ukrainian metal)

Ukraine: scrap deliveries to drop in early 2019

The state enterprise Ukrpromvneshexpertisa believes that in January 2019 scrap deliveries to metal companies will decrease by 3.85% MoM, to 250 thousand tons. In February 2019 deliveries will further drop to 185 thousand tons because of the considerable fall of demand for imported raw materials and the seasonal factor. For December Ukrpromvneshexpertisa forecast scrap deliveries…

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Russia: metal structures output down in January-November 2018

In January-November Russia produced 4.3 million tons of steel structures, down by 2.3% YoY.

According to the Federal Service of State Statistics, November output was down by 2% YoY and by 12.3% from June.

Aluminum structures manufacture totaled 58.3 thousand tons in 11 months, almost flat YoY. (Ukrainian metal)