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The EBRD is deepening its efforts to promote economic inclusion in the energy sector and the extractive industries of Kazakhstan with a $ 140 million loan to Bakyrchik Mining Venture LLP for the development of the Kyzyl gold deposit. The investment will create hundreds of jobs in eastern Kazakhstan and bring the highest international standards…
DetailsSulukta coal deposit was put up for auction, the State Committee of Industry, Energy and Subsoil Use of Kyrgyzstan reported. The starting price of plot No. 5 (mine shaft 2/8) is $3,800. According to the forecasts, coal reserves at the field are 381,190.5 tons. The local section Vostochniy (parts of mine shaft 6/18) was put…
DetailsUzbek President Shavkat Mirziyoyev by his decree has approved a framework agreement with the European Bank for Reconstruction and Development (EBRD) for implementation of the uranium tailings remediation program of the Environmental Remediation Account for Central Asia (ERA). The framework agreement was signed on March 16 in Tashkent during the visit of the EBRD delegation,…
DetailsAttractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…
DetailsSeverstal (one of the world’s leading vertically integrated steel and mining companies) and PJSC Power Machines have concluded a contract for technical upgrade of a cogeneration plant – steam blower station turbogenerator No. 5 of the Cherepovets Iron and Steel Works (a part of Severstal Russian Steel division). The cost of the contract is more…
DetailsUkrmetallurgprom and UAVtormet have signed a memorandum of understanding and cooperation. The document was signed by Ukrmetallurgprom president Alexander Kalenkov and UAVtormet chairman Vladimir Bubley. “We and the scrap procurers have a lot of common issues that need to be solved”, Kalenkov said. According to him, the sides have a positive experience of cooperation. “Last…
DetailsIn 2017-2018 Chukotka autonomous district expects a drop in gold output to 26 tons, by 11% YoY, while in 2019 it will increase by 10% to 2016, to 32 tons. Silver output is expected at 140-160 tons per year. Alluvial gold production will be on the level of 2 tons per year. In 2016 Chukotka…
DetailsThe growing demand for galvanized rolled metal this year will be satisfied, in particular, because of the MMK putting into operation a new continuous hot-galvanizing machine. According to the company marketing specialist Igor Sapozhnikov, metal consumption in Russia this year will revive after a 3-years decrease. The main industries to support this growth will be…
DetailsUnder the increasing demand and the shortage on the construction nails market Metiznaya Torgovaya Kompaniya (Metal Wares Trading Company) forecasts the increase in prices of manufacturers by 3-5% from July 1. The company also supposes that prices for bridge fasteners will increase by 10%, and electrodes – by 5%. (Ukrainian metal)
DetailsScrap export duties have to be restrictive. According to Interpipe-Vtormet director Valentin Makarenko, the company has to limit output because of the lack of scrap, which is its main raw material. “We cannot load all the capacities now, as we don’t have enough scrap. So we believe that only Ukrainian metal companies should use Ukrainian…
DetailsThe authorities of the so-called Donetsk People’s Republic, the terrorist organization created and supported by Russia, could not resume operation at the Donetsk Iron and Steel Works, seized from Ukraine. “The works had to start operation in May, but due to a number of objective reasons, the launch has been rescheduled for late July”, the…
DetailsIn May railroad deliveries of rolled steel from NLMK to Russian customers and abroad totaled 1.08 million tons, up by 6.4% MoM and by 5.1% YoY. In April the sales were down by 11.6% MoM and by 5.5% YoY respectively. In May local deliveries reached 342 thousand tons, up by 25.8% MoM, but down by…
DetailsChelyabinsk Pipe-Rolling Works has placed BO-001R-04 bonds in the amount of 10 billion rubles. The company intended to have 9-9.25% interest, but in the end it stood at 8.95%. Rosbank, BCS Global Markets, Raiffeisenbank, Renaissance Capital and Sovkombank have been the organizers of the placement. (Ukrainian metal)
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