Metals and mining

Production of non-ferrous metal concentrates increases in Trans-Baikal

The Ministry for Natural Resources and Ecology of Zabaikalye summarized the results of extraction of minerals in the first half of the year.

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NLMK is not about to increase debt ratio in 2013

NLMK Group of companies (OJSC “Novolipetsk Iron-and-Steel works” and its subsidiaries) is not planning to increase the debt level in 2013. The borrowings will be directed for further improvement of the currency and temporal structure of the credit portfolio. The press-service of NLMK, citing the vice-president for finances G.Fedorishin states.

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Kuzbass to build coal export port in the Primorye territory

There has been signed an agreement “On mutual cooperation on an implementation of a new specialized public port construction project on the Far Eastern coast of the Russian Federation in order to ease an approach of small and midsized coal producers to the port infrastructure” between the administration of the Primorye Territory and the holding company “Siberian Business Union” at a working meeting of the governor of the Primorye Territory. As they said to a reporter of IA REGNUM at the press-service of the company, the parties are interested in an efficient and mutually beneficial cooperation, aimed at social-economic development of the Primorye region and providing stable and efficient operation of coal producers of Kuzbass.

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Mining and smelting companies to be included into the special economic zones

V.Putin signed a draft amendment in terms of repeal of a ban on the operation of special economic zones of metallurgical enterprises and minerals and metal scrap processing plants.
So, mining and steel companies at these zones will get tax preferences. Besides, the companies will be exempted from such tax payment as transport, property and land, as well as from profit tax during the following 5-10 years.

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NLMK, Mechel and MMK to look better than the market

The information unit of Finam.ru (a part of the investment holding company FINAM) has held an online conference "Metallurgical Sector: it’s time to pick up the depreciating shares". Its participants don’t expect the quality improvement of the situation in the Russian metallurgic industry, predicted major steel producers will maintain weak financial rates in the current year. At the same time, analysts advise investors to pay attention to the shares of metallurgists that have a low debt burden.
The difficult conditions at world raw materials platforms negatively influences the market capitalization of Russian metallurgists – according to analysts, from the beginning of the year their shares became cheaper by 25-55% on the average. According to participants of the conference, the complicated situation in the metallurgy will be maintained in the last six months of the current year.

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Has crisis started in the lead industry?

In January-June of 2013, the production of green lead in Russia decreased by 36.1%, the Federal Statistics Service reports. The production of green zinc fell by 6.1%.

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Azovstal decreases loss by 18.2%

In January-June of 2013, the metallurgic plant Azovstal (Mariupol, the Donetsk region), a part of Metinvest, decreased its net loss under IAS by 18.2% as compared with the same period of 2012 to 1 022.095 million hryvnias.
According to the enterprise’s report, published in the information disclosure system of the securities and stock market state commission, in the first six months its pretax negative financial result fell by 18.9% to 1 195.554 million hryvnias.

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Donetskstal decreases net income

In the second quarter Donetskstal-metallurgic plant decreased its net income by 27.38% or by 1 454.14 million hryvnias to 3 856.447 million hryvnias as compared with the second quarter of 2012.

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Vladimir Putin prolongs licenses for geological exploration in regions, which are difficult of access

Russian President Vladimir Putin has signed amendments to the law “On subsoil”. In accordance with the document, published on Official Internet Portal of Legal Information, licenses for geological exploration at sites, located in Yakutia, Kamchatka, Chukotka, the Krasnoyarsk,  Khabarovsk, Irkutsk and Magadan regions, in Sakhalin, Nenets and Yamal-Nenetsk autonomous districts are prolonged from 5 to 7 years.

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In H1, Kazakhmys increase production of copper concentrate by 6.5% to 158.1 thousand tons

In the first six months of 2013, the Kazakh mining company Kazakhmys Plc increased the production of copper concentrate by 6.5% to 158.1 thousand tons and cathode copper by 6.3% to 144.7 thousand tons as compared with the same period of 2012, the company reports.
Besides, in January-June the company produced 50.8 thousand ounces of gold that is by 3.4% less than in the same period of the previous year. The silver production grew by 26.7% to 7.145 million ounces due to processing of more amount of ore and high recovery factor. The production of zinc concentrate decreased by 11.9% to 63.1 thousand tons.

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