Metals and mining

Kuzbassrazrezugol starts to construct dressing plant with capacity of 3 million tons of coal per year

A new dressing plant to handle 3 million tons of coal per year will be constructed at the Kaltansky opencast coal mine, UGMK reports.
The new dressing plant Kaltanskaya-Energeticheskaya will be the 6th dressing plant of the company. In accordance with the program of dressing capacities development, 9 dressing plants will operate at Kuzbassrazrezugol by 2018.
“The dressing plant Kaltanskaya-Energeticheskaya is the first stage of the large-sale program of dressing capacities increase in 2014-2017. Three more new dressing plants are planned to be launched in this period – at the Taldinsky, Krasnobrodsky and Bachatsky opencast coal mines, one per year. As a result, Kuzbassrazrezugol will process and dress all available coal that is 90% of the total production volume,” – UGMK reports.

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Loading of Serov metallurgic plant doesn’t exceed 75%

In January of 2014, production at the Serov metallurgic plant was decreased by 20% as compared with 2013. This led to necessity to optimize costs. The enterprise reported that decision on reduction of 196 employees was made because of this. In January, the plant produced 21 thousand tons of commercial rolled metal and calibrated steel that is by 20% less than in the same period of the previous year.

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It’s necessary to think faster, to do faster, to drill more and to steal less

After a sharp drop in demand for precious metals Russian miners start to think about the price level at which production can stop. Some Russian companies have secured themselves against crisis selling unprofitable assets or cutback of expensive projects.
General Director of Polymetal Int (which unites assets of Polymetal) Vitaly Nesis explains to the Kommersant-Khabarovsk that he is not an optimist in relation to prices, but a realist; he also assures that he won’t close enterprises if gold’s price is above $1 000 / oz.
Question: "It is clear that we are not optimists, but realists in relation to prices" - Vitaly Natanovich, now metal prices is a central issue for the entire industry. However, Polymetal continued to increase production volumes; did this insure you from the recession?
Answer: Unfortunately, the prices declined too much to compensate this fall by the increase in production. In 2013, the average price of gold fell by 24% as compared with 2012, and the silver price by 38%. It is clear that no matter how we tried, we can’t make such growth rates.
As for the further price situation – I should say that I can predict here not as the general director of the company, but just as the average man, because I don’t have any special information. I don’t expect anything good with the prices for precious metals in 2014.

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Interview with Vitaly Nesis of Poymetal: It’s necessary to think faster, to do faster, to drill more and to steal less

After a sharp drop in demand for precious metals Russian miners start to think about the price level at which production can stop. Some Russian companies have secured themselves against crisis selling unprofitable assets or cutback of expensive projects.
General Director of Polymetal Int (which unites assets of Polymetal) Vitaly Nesis explains to the Kommersant-Khabarovsk that he is not an optimist in relation to prices, but a realist; he also assures that he won’t close enterprises if gold’s price is above $1 000 / oz.
Question: "It is clear that we are not optimists, but realists in relation to prices" - Vitaly Natanovich, now metal prices is a central issue for the entire industry. However, Polymetal continued to increase production volumes; did this insure you from the recession?
Answer: Unfortunately, the prices declined too much to compensate this fall by the increase in production. In 2013, the average price of gold fell by 24% as compared with 2012, and the silver price by 38%. It is clear that no matter how we tried, we can’t make such growth rates.
As for the further price situation – I should say that I can predict here not as the general director of the company, but just as the average man, because I don’t have any special information. I don’t expect anything good with the prices for precious metals in 2014. I guess that the recovery will happen only after the reduction of the world production of gold and silver.

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Arcelor Mittal Aktau to increase the production of pipes 3 times to 2018.

"ArcelorMittal Aktau" plans to increase production of steel pipes up to 60 000 tons in the next four years, CEO Jenis Utegenov stated. "Currently our production plan is 20,500 tons (of products) in 2014, but in the next four-year period we plan to increase the production to adjust to the maximum (number) - 60 thousand tons.
If necessary, we are ready to extend for the separate pipeline projects, the power may increase two or three times with a relatively small investment", - Utegenov stated during JSC "ArcelorMittal Temirtau" and "ArcelorMittal Aktau" roadshows in Astana.

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Raw idea on aluminium fund, A.Ulyukov

The Minister of Economic Development of Russia A.Ulyukaev named an idea of UC RusAl on the creation of a state-run aluminium fund raw. The corporation has suggested the state to buy 1 million tons of aluminium from UC RusAl overr 7 years and undertook an obligation to buy back at the price of the deal.
“We met with the spokesmen for UC RusAl, but their proposal was not well-thought-out. Then, when they guaranteed downside protection, the project became more interesting. But it is not enough, as the National Welfare Fund, which funds are supposed to be used, is to show  a hurdle rate. The metallurgists are not ready for it,” A.Ulyukaev said to RBK Daily.

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In January, enterprises of Russian steel increased production of rolled metal by 0.4%

In January of 2014, enterprises of uncommercial partnership Russian steel increased production of finished rolled metal by 0.4% as compared with January of 2013 to 4.59 million tons, Russian steel reports.

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In February, Rimera to dispatch 100 tons of bends for Transneft’s oil pipelines

In February, the Chelyabinsk plant SOT, a part of Rimera, will supply 115 hot bends (100 tons) for the construction and upgrade of the main oil pipelines of Transneft’s subsidiaries – Vostoknefteprovod and Sibnefteprovod, Rimera reports.
The most part of February dispatches for Transneft is hot bends with diameter of 720 mm and wall thickness of 12 mm. The products are intended for the construction of the main oil pipeline Kuyumba-Taishet. “In 2014, this is strategic project for Rimera in terms of supply of main pipeline equipment,” – the company notes. Besides, Rimera will supply hot bends with diameter of 1020 and wall thickness of 14 and 16 mm to Transneft.

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In 2013, Mechel’s net loss made up about 28 billion rubles

On February 25, Mechel stated that its net unconsolidated loss under RAS made up 27 800 million rubles in 2013. The loss was caused by devaluation of financial investments.

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The VSMPO-Avisma investment budget to exceed 9 billion roubles.

The VSMPO-Avisma corporation approved the investment program for 2014. "The consolidated investment budget is 9.673 billion roubles. More than 7.5 billion rubles will be developed at the facilities of VSMPO, a little over 2 billion rubles - is the Avisma investment program", - Mikhail Voevodin, CEO VSMPO, stated.
Most of the money at VSMPO will be spent on the completion of the major investment projects, such as the construction of the press, with the force of 4 tons in the forging complex enterprise (workshop number 22), skull furnaces are and the installation of the ring rolling mill.
"There is no workshop in VSMPO, where the new equipment will not appear or will not be upgraded from the old in 2014, but the most solid investments are planned in forging workshops number 21 and number 37", - Mikhail Voevodin stated.

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