Metals and mining

Mechel produces 1.3 million tons of steel in Q1, 2013

 
Mechel Plc. announces the production and sales results of Q1, 2013.
General Director of the company Yevgeniy Mikhel commented on the results of the company’s work in Q1, 2013, “In Q1 the expected reduction of coal mining compared o Q4, 2012 happened due to less favourable conditions of open mining during winter months. At the same time, the revival of metallurgical coals market in the beginning of the year and the company’s efforts aimed at expanding of the customer base made it possible to increase sales of coking coal, anthracites and PCI at the outer market (to APR, first of all) and the domestic market, including the deliveries to North American market from Mechel-Bluestone which resumed its operation in the beginning of the year. Totally, in Q1 sales of coking coal increased by 13% compared to Q4, 2012, sales of anthracites – by 19% and PCI coal – by 13%. Sales of energy coal increased as well – by 9% compared to Q4, 2012 – mainly due to increment of deliveries to energy enterprises of the group.

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Azerbaijan increases export of good of non-oil sector by 29%

In January-March of the current year, Azerbaijan had trade relations with 124 countries.
As 1 news.az was reported in the State Statistics Committee, export was carried out to 63 countries, and import – from 115 countries.

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Russian ferrous metals export in Q1, 2013

Russian export of ferrous metals went down by 9.4% to 8.857 million tons in January-March 2013 from 9.693 million tons. It goes from the materials of the Federal Customs Service.
The export of ferrous metals (except cast iron, ferroalloy, waste metal and scrap) made up 6.448 million tons. It is by 4.7% less than a year before (6.768 million tons).

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Norilsk Nickel expects palladium deficit growth by 25% in 2013

The world’s largest palladium producer “Norilsk Nickel” expects a growth of palladium deficit by 25% in 2013 due to a decrease of proposal, the deputy head of “Normetimpex”, an affiliate of Norilsk Nickel”, A. Berlin said.
“We expect a significant palladium deficit at about 1 million ounces,” Berlin said in a telephone interview. “The deficit made up about 0.8 million ounces last year,” he said.

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Senators have had a fling at coal – Sibuglemet has changed its owners

Conflict of shareholders of Sibuglemet, the largest independent coke coal producer in Russia, has completed with the sale of this holding company to structures of the Ingushetia’s senator Akhmet Palanjoev. The asset price might be up to $1.6 billion. The market’s participants say that the Dagestan’s senator Suleiman Kerimov, partner of the Sibuglemet’s ex-owner Anatoly Skurov, participates in the deal. Representatives of Suleiman Kerimov don’t confirm this, but the businessman has organized the sale of shares of companies, in which he is interested, to the third persons.
As the Kommersant has known, the largest Russian independent coke coal producer Sibuglemet, in which a shareholder conflict took place from 2010, has changed its owners. Sources, close to Sibuglemet, told that its co-owners Vladimir Melnichenko, Valentin Bukhtoyarov and Anatoly Skurov sold their shares to a group of investors, close to the Ingushetia’s senator Akhmet Palankoev. The other co-owner of the holding company Alexander Shukin, left it before the deal, the Kommersant’s interlocutors say.

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In the first 4 months of 2013, Yuzhny ore-dressing and processing enterprise increased production of agglomerate by 29%

In January-April of 2013, Yuzhny ore-dressing and processing enterprise increased the production of agglomerate by 29% as compared to the same period of 2012 to 937 thousand tons, the enterprise reports on Monday, on May 13. In this period, the enterprise decreased the production of iron-ore concentrate by 1% to 3.43 million tons.

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UC Rusal will produce first aluminum batch in Boguchany in November

UC Rusal will produce first aluminum batch at the Boguchany plant in November. Its total annual capacity is 600,000 tons of liquid aluminum, the CEO of UC Rusal O. Deripaska says. Construction of the plant is performed within 2 stages. The first starting complex with capacity of 296,000 tons will start operation in 2014. Mr. Deripaska claims production at the plant will be by 15% cheaper in comparison with others, as they have own hydro power plant.

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In Q1, Kazzinck decreased zinc production by 3.3% to 72.2 thousand tons

In January-March of 2013, the Kazakh mining and metallurgic corporation Kazzinc produced 72.2 thousand tons of zinc metal against 74.7 thousand tons in the same period of 2012, GlencoreXstrata, which controls Kazzinc, reports.

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TEPK elaborates the plan of Elegest development

The details of Ruslan Baisarov’s plan for the development of Elegest coal deposit have been specified. By 2016 Tuva Energy Industrial Corporation (TEPK) is going to increase its mining to 5 million tons of coal per year, then – to 15 million tons. The total investments taking into account the railroad, sea terminal and the power plant in Tuva will make up $9 billion. TEPK hopes for the credits of VEB and Sberbank and is going to finance up to 25% itself. Taking into account current coal prices, the recoupment period of the project can make up 20 years, though coal consumption in the RF falls and TEPK will depend on export markets.
Today Tuva Energy Industrial Corporation of Ruslan Baisarov will obtain the license for development of Elegest coal deposit with the reserves of coking coal making up about 1 billion tons (TEPK was the only pretender at the contest on April 26). As told by Baisarov, TEPK is going to mine more than 15 million tons of coal per year, this volume will be gradually reached from 2017 when construction of Elegest-Kyzyl-Kuragino railroad is completed. In compliance with the license, the designated capacity will be reached within 6.5 years, i.e. by November 2019.

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This year coal production on Don planned to be decreased

In January-March of 2013, coal companies of the Rostov region produced 1 251.1 thousand tons of coal that is by 13.2% less than in the first quarter of the last year. On the whole this year coal-producing enterprises of Don plan to produce 5.47 million tons of coal that is by 2.9% less than in 2012.
According to the Minister of Industry and Energy of the region Evgeny Prusov, “Decrease of the coal production in 2013 is caused by structural changes in the coal industry of Don, fall of demand at the coal market because of the world crisis and growing competition between coal-producing and processing companies”.

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