Metals and mining

Russia decreased ferrous metal export by 6.2% to 5.5 million tons in Jan-Feb

In January-February 2013 the Russian enterprises reduced ferrous metal export by 6.2% to 5.5 million tons against the same period in 2012. The Federal Customs Service reports.
In monetary terms an export of ferrous metal is down by 14.1% to $3.047 billion.

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KZOTsM starts new investment program

Kirov fabricating works (KZOTsM, UGMK) started its new investment program at the amount of 900 million RUR.
As reported by senior engineer of the plant, Alexander Ryaposov, the technical and economic base of the new investment program lies in optimization of the production flows and intensification of metal processing before the finishing operations. Thus, the reconstruction and modernization of rolling and preparation facilities of the enterprise as well as the installation of the new finishing equipment units will be conducted.

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Alrosa to sell 51% shares of GMK “Timir” to Evraz

“ALROSA” and Evraz Plc. have signed an agreement on a sale of a controlling stake of OJSC “GMK “Timir” to Evraz. The deal is valued at 4.95 billion roubles (appr. $160 million). It will be paid out in multiple tranche. EVRAZ Plc. will own 51% shares of GMK “Timir”, while ALROSA – 49% minus 1 share, Vnesheconombank – 1 share. Earlier in September 2012, the deal has been approved by the Supervisory Board of “ALROSA”. “Represented by EVRAZ the project “Timir” got a strategic investor, which has an experience in iron ore production and processing. An appearance of a partner like EVRAZ will contribute to a development of GMK “Timir”. “ALROSA”, for its part, will keep participating at the project, in particular, investments into the development of the deposits in accordance with the share in the capital,” the president of ALROSA F.Andreev said.

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In the first three months, Alchevsk metallurgic plant increased steel production by 15.8%

In January-March, 2013, the Alchevsk metallurgic plant (the Lugansk region) increased the production of finished rolled metal by 18.3% as compared to the same period of 2012 to 1.002 million tons.
As the enterprise’s representative reported to the agency Interfax-Ukraina, in this period the metallurgic plant increased the steel output by 15.8% to 1.094 million tons, and cast iron – by 17.1% to 1.027 million tons.

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TMK has bought oil service assets in the USA

The American OFS International LLC, controlled by TMK has bought 100% in the assets for pipes service and accessories for oil and gas sector, that used to belong to ITS Tubular Services /Holdings/ Ltd (Aberdin, Scotland) and an affiliated group of shareholders, TMK reports. The cost of transaction is held in secret.

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From the beginning of the year, ArcelorMittal Krivoy Rog increased steel smelting by 10%

According to current data, in January-March of 2013, the Krivoy Rog’s mining-and-metallurgical integrated works ArcelorMittal Krivoy Rog (the Dnepropetrovsk region) increased the production of finished rolled metal by 11.2% as compared to the same period of 2012 to 1.419 million tons.
As the enterprise’s representative reported to the Interfax-Ukraine, from the beginning of the year the steel production grew by 10% to 1.617 million tons, and cast iron – by 9% to 1.405 million tons.

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Yanukovich won’t sell state coal mines

Ukrainian Cabinet Council moved corporatization of coal-mining state enterprises from 2013 to 2014. The corresponding changes were introduced to the governmental regulation #728 of September 19, 2012 by the regulation #198 of April 1.

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VSMPO-Avisma to improve the quality of titanium plates

One of the most large scale investment project of VSMPO-Avisma Corporation is close to a completion. A start-up operation of a German line of titanium plates flattering line started at a hot rolling department of the workshop No16 of VSMPO-Avisma. Construction work has been completed at the facility and electric power has been supplied.

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Tatprof is about to produce 120 thousand tons of aluminium extrusion

Tatprof (Tatarstan) keeps up the development of its production capacities, the top-managers said at a meeting with the key clients in Moscow. The launch of a new paint line of 700 thousand square meters capacity a month is planned in April. In May they plan to put in operation the 7th pressing complex. Besides, there will start operation in May on rendering services on physical treatment of  aluminium structural shapes and a manufacture of high-added value products.

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Renova will invest 15-20% of funds raised in sales of its shareholding in BP-TNK to KES-Holding

Renova Group will invest 15-20% of funds raised in sales of its shareholding in BP-TNK to KES-Holding, the co-owner of the Group V. Vekselberg says. He hopes that this investment will recoup itself within a sensible period of time. In his opinion, for the energy sector, the recoupment threshold of 6-8 years is quite sensible. He emphasizes that investment to the sector is compensated now at the expense of such an instrument as incremental capacity agreements. The program has been admitted in time and properly.

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