The selection of consulting companies that will help Kyrgyzstan sell Kara-Keche coal deposit has begun. Applications for consulting services were received from Beyond Investment Group LLC, Deloitte & Touche, Mark Audit Bishkek, Industriel Electric Maden, Standard Development Consult, KPMG Tax and Advisory, and Ernst & Young. The technical part of the proposals was revealed. After…
DetailsThe State Property Fund has announced a competition to select an evaluator of the state shares of the only primary aluminum producer in Ukraine – Zaporzhye Aluminum Works. The state has 68.01% stake (423.515 million shares). The evaluation of the company should be done as of February 28. The competition will take place on March…
DetailsIn January-February Ukraine mined 7367.9 thousand tons of coal, up by 11.3% YoY, or by 750.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.2%, or by 338.3 thousand tons, to 1058.5 thousand tons, while that of power-generating coal went up by 16.5%, or by 891.3 thousand…
DetailsThe construction of the ball-rolling mill has started in the rail-beam shop of Nizhny Tagil Iron and Steel Works, a part of Evraz. According to the group statement, the site for the equipment is being prepared. The new machinery will produce 60-120 mm diameter balls of the special V group of hardness. At present Russia…
DetailsMashprom (Yekaterinburg) is supplying and assembling machinery for titanium plates to the sheet-rolling complex of VSMPO-Avisma. The line is expected to be put into operation in the nearest future. Delivery and assembly of the equipment are carried out in full accordance with the schedule. VSMPO-Avisma should start operating the new line in August. (Ukrainian metal)
DetailsIn January Russia increased lead concentrate output by 45.3% YoY. According to the Federal Service of State Statistics, the results are below December 2016 by 1.8%. The Federal Service does not inform of lead concentrate output in 2016. (Ukrainian metal)
DetailsArtem Gold-Ore Company has officially put the new gold producing machine into operation. The machinery allows producing 287 kg of gold per year. The project created 120 jobs. Artem Company invested 400 million rubles to resume the work on the project: it bought all the necessary equipment, finished construction of the buildings and purchased materials…
DetailsMiners at Yerunakovskaya-VIII have started extracting coal from the new 48-5 long face. Its reserves are estimated at 3 million tons of coking coal. The operation of the long face is expected to end in Q1 2018. The Yerunakovskaya-VIII mine extracts GZh grade coal from the depth of 470 meters. After it is processed at…
DetailsThe public joint stock company Ukrgazvydobuvannya intends to order steel pipes valued at 1.15 billion UAH from Interpipe. The total expected cost of the purchase was 1.17 billion UAH, thus the company would save 1.7%. According to the first contract, by summer Interpipe will have supplied 2510 seamless and arc-welded pipes valued at 107.93 million…
DetailsZaporozhye Titanium and Magnesium Works has ordered Volnogorsk Mining and Processing Works, a part of the United Mining and Chemical Company, the delivery of ilmenite valued at 118.91 million UAH. By the end of the year the company will have supplied 28764 tons of ilmenite concentrate with 64-65% TiO2 contents at 4134 UAH per ton…
DetailsThe minister of energy and coal industry Igor Nasalik declared that the state enterprise “State Coal Company” came to terms with Ukrgazbank to attract a loan of 300 million UAH into coalmine modernization. The State Coal Company was created in September 2014 to sell coal of state miners. The 2017 state budget will provide 870…
DetailsGold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has postponed delisting from the London Stock Exchange (LSE) to March 16, from Thursday to synchronize the delisting with closing of a buyback offering, the company said in a statement. Nordgold may acquire global depositary receipts (GDRs) from minority shareholders for $118 million, or $3.45…
DetailsAt present Azovstal Iron and Steel Works is operating at 50-55% capacity, but it could drop to 40% in case the railroad blockade is not stopped. According to the company CEO Enver Tskitishvili, the works is not receiving coking coals of the necessary quality, while coke from Russia is expensive – $360 per ton. “Altaikoks…
DetailsCentral Mining and Processing Works, a part of Metinvest, plans to start supplying pellets to the Western Europe and Japan. “Having completed the second stage of the pelletizing factory modernization we can now produce such pellets that will be in demand on every market, including in Western Europe and Japan,” the company CEO Dmitry Shevchik…
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