Three gold deposits in Naryn region of Kyrgyzstan were sold for $1.8 million, the State Committee of Industry, Energy and Subsoil Use reported. Following the auction on the Small Naryn field (placer gold, geological exploration), Egiz-Suu LLC, which offered $53,000, was declared the winner. The winner of the auction for the right to use the…Details
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Industrial Union of Donbas (ISD) Corporation is currently controlling its production assets in Alchevsk, Luhansk region, namely Alchevsk Iron and Steel Works, Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, located in the temporarily uncontrolled territory of Ukraine. “Due to different interpretations of ISD Corporation’s statement made on November 29, we believe it is necessary…Details
Russian aluminum giant UC RUSAL has agreed to acquire a majority stake in K&K, a Krasnoyarsk region-based light-alloy wheel disks facility, it said in a statement on November 30. The deal is currently under a due diligence procedure and will be sent to the Federal Antimonopoly Service for approval after its structure is defined, a…Details
Industrial Union of Donbas Corporation (ISD) has officially reported on a significant risk of losing effective managerial control over the production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the…Details
The government has imposed new export duties on tungsten scrap and waste. The duty of 7.5% has been imposed for a year. In 2014-2015 Russia exported 21 tons of tungsten scrap at $3.6 per kg, while in 2016 – 138 tons at $10.8 per kg and in 2017 it is expected that exports will reach…Details
Uraltrubprom has developed and put in operation a unique line to manufacture connections for casing pipes used in oil extraction. The peculiarity of the new line is its German robots, which have become a link between the typical mills in the manufacturing chain. “Our main task was to unite all the separate units of the…Details
In January-October Severstal supplied around 400 thousand tons of metal to Russian and CIS automobile manufacturers, up by 21% YoY. In particular, Russia-based plants received 300 thousand tons of metal, up by 7% YoY. “According to our estimates, the demand for steel in Russian automobile industry in 2017 will increased by 9-12% YoY, and next…Details
Germany may develop rare earth metals deposits jointly with Russia in the country, Deputy Prime Minister Arkady Dvorkovich declared on November 29. “The international energy markets are unstable today, we had a period of a significant fall of prices for almost all commodities, and this led to a decrease of investment in the energy sector…Details
Donskoy Antrazit, a part of DTEK, intends to increase coalmining from 0.93 million tons per year to 1.3 million tons. For this the company will invest around 4.2 billion rubles in 2018-2025. The output growth will be provided by merging the Dalnyaya mine with the closed down mine No. 410. In 2016 DTEK assets in…Details
The Volyn region governor Vladimir Gunchik has discussed with the deputy minister of energy and coal industry Galina Karp the problem of salary debts to miners. The deputy minister promised that the necessary money to clear debts would be transferred by December 8. On December 5, Gunchik will meet with miners and union representatives to…Details
While miners are not paid their wages, the state decided to recover over 70 million UAH from Volynugol for not meeting the coalmining plan. Volynugol had to mine 200 million UAH worth of coal for the customer, having received the 90% prepayment, but the miners failed to provide the required amounts of coal. “The miners…Details
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)Details
Mikheyevsky 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)Details