Metals and mining

The Ukraine is released from paying duties on OCTG pipes to the USA till 2017

Concurrently with the announcement of duties on OCTG pipes from 9 countries, the U.S. Ministry of Trade announced the signing of an agreement with the Ukraine on the suspension of duties on the importation of Ukrainian threaded pipes until July 2017. This was reported in the press centre of the steel company-producer of OCTG pipes, Interpipe.
Under the agreement, the Ukraine won’t have to place an anti-dumping deposit, and during the contracts validity anti-dumping duties won’t be charged. The U.S. Ministry of Trade will determine the minimum selling price of Interpipe’s threaded pipes on the U.S. market.

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During the anti-terrorist operation, Enakievsky metallurgical plant increased its net income by almost 30%

Despite the anti-terrorist operation in the eastern Ukraine, Enakievsky metallurgical plant (EMZ) of Rinat Akhmetov’s Metinvest has managed to increase its net income by 27.77% as compared to the same period of the previous peaceful year, the EMZ’s press centre reported.

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Russia has recalled certificates for the production of Kremenchug steel making plant

The Kremenchug steel making plant has had to shutdown its activity due to the absence of other sales markets for its production.
On July 23rd the Kremenchug steel making plant will shutdown its production process for an undetermined period of time due to the cancellation by Russia of the earlier issued certificates for its metal products.
The period of the shutdown is not determined as Russia is the only customer of this Ukrainian plant.
It was previously reported that RZD had complained about the quality of the Ukrainian cast products and in late February 2014 the Kremenchug steel making plant was shutdown due to the cancellation of its certificates and only in early July it restarted its activity.

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$1.46 billion of direct investments are allocated for production of crude oil and natural gas in Kazakhstan

In general, in the first quarter of 2014, direct investment of Kazakhstan made up $2.221 billion. The largest sectors of the economy, where money were invested, were the mining and quarrying sectors ($1.67 billion, 75.4% of all direct investments), $1. 46 billion of which were invested into production of crude oil and natural gas.

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Kuzbassrazrezugol increased coal shipment in Jan-June 2014

Kuzbassrazrezugol in H1 2014 shipped 21 mln tons of coal to its consumers, by 3.7% more than in H1 2013.
2.1 mln tons of coking coal were dispatched.
The company has significantly improved the coal shipment compared to 2013 when a sharp demand fall in the domestic market led to the accumulation of products at the stock houses.
Kuzbassrazrezugol plans to construct a coal port in the Murmansk region.

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Situation at Avdeyevka coke-chemical plant becomes stable

The Avdeyevka coke-chemical plant will take about two days to get back into a normal rhythm of work, general director of Mariupol metallurgical plant n.a. Ilyich Yuriy Zinchenko stated.
"The situation at Avdeyevka coke-chemical plant has stabilized, the plant operates, but it needs at least 1-2 days to cope with damage and get back into a normal rhythm. During this time, the blast furnace shop of the plant will run at a reduced load," - he writes on his page in Facebook.

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New CEO at Buryatzoloto

The Board of Directors of Buryatzoloto (in the structure of NordGold, holds the Kholbinsky and Irokinda mines) has terminated ahead of schedule the powers of the CEO, Y. Khegai from July 21st.
From July 22nd I. Shelukhin is appointed the CEO who will head the company for 2 years.
The reasons of these decisions are not anounced.

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Severstal improves system of customs declaration of goods inside the group

(Representatives) - the company is constantly expanding its list of assets, receiving services for customs declaration of goods inside the group. This work is a part of the standardization of business processes, increase of their efficiency and reduction of logistics costs.
Today, the customs declaration of goods is carried out at almost all enterprises of the division Severstal Russian Steel, like Kolpinsk assets of the company, Severstal TPZ Sheksna, engineering and other business units of the company.
The job of the customs representation office allows the company to reduce time of cargo execution and to ensure the timely delivery of rolled metal to a customer. All this is consistent with the company’s goals in the area of customer-oriented approach, improves business processes within the group, reduces prime costs of products by eliminating of external services.

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Pervouralsk New Pipe plant borrowed 2.93 bln roubles from ChTPZ

The Pervouralsk New Pipe plant has been issued a 2.93 bln roubles loan by “ChTPZ Group” CJSC.
The loan is issued until December 31st 2015.
The Pervouralsk New Pipe plant is in the structure of the ChTPZ industrial group which is one of the leading producers of rolled pipe products in Russia and has 20% of the market.

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Korshunovsky GOK receives special equipment for 323 million rubles from Gazprombank Leasing

Gazprombank Leasing has leased out special equipment to the amount of more than 322.9 million rubles, including VAT, to the Korshunovsky GOK, the financial company reported.
As it was specified, the supplied equipment included excavators Komatsu PC-4000, Liebherr R 9350 and Liebherr R 994-171, bulldozer Komatsu WD600-3, the pipe-laying crane TG-503K, crusher KMDT-2200, wheel milling machine KZH20TF1 and two dump trucks BelAZ-75131.

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