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Russia: BMC proceeding with comprehensive environment impact assessment of Udokan Plant

Udokan Mining and Metallurgical PlantBy admin 29.01.2018 Leave a comment

These activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation…

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Ukraine: terrorists quarrel over coal

coalBy admin 29.01.2018 Leave a comment

There is a conflict growing between militants of the so-called Donetsk and Lugansk People’s Republics, terrorist organizations created and supported by Russia, because of the coal deliveries to Zuyevskaya Thermal Power Plant, which could result in the complete halt of the plant and bring about a power crisis on the Russia-seized territories. “The warehouses of…

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Belarus: BMZ profits up in 2017

Belarus Iron and Steel WorksBy admin 29.01.2018 Leave a comment

In 2017 Belarus Iron and Steel Works increased profit 5-fold, to $71 million. According to the company statement, sales revenue grew by 132%, to $1.166 billion. “Thanks to the stabilization of the situation on the raw materials market in September 2017, steel manufacture at BMZ reached 210 thousand tons per months. This provided for the…

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Ukraine: Yaroslavsky looking for partners to co-finance Sukha Balka

Sukhaya BalkaBy admin 29.01.2018 Leave a comment

Ukrainian businessman and owner of DCH Group Oleksandr Yaroslavsky held talks with U.S. and Chinese investors in Davos on the possibility of co-financing Sukha Balka mining with banks. He bought Sukha Balka in May of 2017 from Evraz. The businessman noted the prospects of this enterprise and the intention to attract co-financing for the implementation…

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Russia: Petropavlovsk leaving iron ore business

iron oreBy admin 29.01.2018 Leave a comment

The new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…

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Russia: Tata coal license to become top India investment in Far East

coalBy admin 29.01.2018 Leave a comment

Tata Power’s victory at an auction for a 25-year license for the Krutogorovsky coalfield in the Kamchatka region will become India’s biggest investment in Russia’s Far East, India’s Ambassador to Russia Pankaj Saran said. “Negotiations on the project began several years, ago and I am glad that the company has won a license to develop…

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Ukraine: lime for VostGOK getting cheaper

VostGOKBy admin 29.01.2018 Leave a comment

The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of lime valued at 34.34 million UAH. This year the company will deliver 15467 tons of construction lime of the second quality with 80-89% of active CaO+MgO at 2220 UAH per ton. In December 2017 the same company…

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Ukraine: ZTMK orders 88 million UAH worth of ilmenite

Zaporozhye Titanium and Magnesium WorksBy admin 29.01.2018 Leave a comment

Zaporozhye Titanium and Magnesium Works has ordered Khimvektor LLC the delivery of ilmenite valued at 88.68 million UAH. This year the company will supply 10 thousand tons of ilmenite concentrate with TiO2 contents of 57.5% at 5982 thousand UAH per ton and 5 thousand tons of concentrate with TiO2 of 55.5% at 5772 UAH per…

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Ukraine: EMSS fulfilling AM roll order

EnergomashspetsstalBy admin 26.01.2018 Leave a comment

Energomashspetsstal is fulfilling the order to supply rolls for ArcelorMittal. According to the contract, in December 2017 the company shipped 343 tons of rolls. The rolls went to ArcelorMittal plants situated in Kazakhstan, France and Ukraine. The supporting rolls will be used in hot- and cold-rolling mills. (Ukrainian metal)

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Belarus: BMZ pipes output up in 2017

Belarus Iron and Steel WorksBy admin 26.01.2018 Leave a comment

In 2017 Belarus Iron and Steel Works produced 141.8 thousand tons of hot-rolled seamless pipes, up by 170% YoY. This is the maximum output in 10 years. Pipes were shipped to 126 customers in 19 countries. The major importers of Belarus pipes are Russia, USA, Italy, Germany and Poland. (Ukrainian metal)

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