Russia Metals and Mining

MMK and ChTPZ tested by Power of Siberia

The largest Russian Energy Project - the Power of Siberia pipeline - has demanded a special cohesion from metallurgists and pipe manufacturers. The most important thing for MMK and ChTPZ is to provide high quality of sheet metal and large diameter pipes. Workflow participants "compared notes" at the site of the Chelyabinsk pipe rolling plant (ChTPZ).
MK supplies its products for almost all major pipeline projects in Russia and the CIS states. Technological capabilities of MMK to produce products for the oil and gas industry improved significantly since the launch of a modern complex for the production of hot rolled plate, which included mill 5000 with maximum capacity of up to 1.5 million tons per year, CC machine-6 and secondary steel treatment in 2009-2010. This allowed MMK to take part in such projects as the Sakhalin - Khabarovsk - Vladivostok, Bovanenkovo - Ukhta, Ukhta - Torzhok, Southern Corridor, Beineu - Bozoi - Shymkent, Central Asia - China pipelines, the Eastern Siberia - Pacific Ocean oil pipeline and the second stage of the Baltic Pipeline System pipeline.
The cooperation of metallurgists and pipe producers grow together with the scale of new projects - this year they were joined by Power of Siberia.

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Mechel’s net loss over the first 9 months 2014 made up $1.2 bln

Mechel’s revenue over 9 months 2014 made up $5.0 bln, EBITDA - $470 mln.
The net loss of Mechel OJSC on the results of 9 months 2014 fell 46% to $1.223 bln against the same period in 2013. The corrected operational profit of Mechel under IAS in Q3 2014 showed a significant growth by 2.5 times, anyway, on the results of Jan-September this is by 43% less than in Jan-September 2013.
As of September 30th 2014 Mechel’s net debt, not including the financial lease debts, made up $7.84 bln. In Q3 2014 the net debt fell 9% due to the partial settlement of bonds by the offers and a significant devaluation of a rouble.

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Severstal to sell Ukrainian Dneprometiz

Severstal, one of the  largest vertically integrated steel and mining companies in the world, has announced the sale of Ukrainian enterprise Dneprometiz to a private German company.

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Akhmerov diamonds to be put up for sale in 2015

According to the order of the Russian Prime Minister Dmitry Medvedev, in 2015, Rosnedra will hold an auction for geological study, exploration and production of diamonds and associated components at the Akhmerov site in Bashkiria.

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Evraz intends to prepay the Eurobonds for $ 750 million.

Evraz wants to prematurely buy the Eurobonds for $ 750 million: the company recently borrowed at a lower interest.
Evraz had offered the holders of Eurobonds to redeem the remaining outstanding bonds for $ 576 million maturing at the end of 2015, the company reported on the London Stock Exchange (LSE).
The Metallurgical Company is ready to pay 100.5% of the nominal value for its debt ($ 1,005 per bond) if the holders present the papers to maturity until December 17; after this period, the company will redeem the bonds at a discount - for 97.5%, the message of Evraz informs. Yesterday the papers quoted at 100.3%, according to the Bloomberg data.

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Donbass asks Russia not to ship coal of their marks to the Ukraine

The Donetsk and Lugansk National Republics have asked the Government of Russia not to ship coal of those marks to the Ukraine that are produced in Donbass, the heads of the republics, A. Purgin and A. Karyakin, said.
“The miners and all the people of Donbass address the miners and the Government of Russia. Do not ship to the Ukraine the coal of those marks which are present in Donbass and that the Ukraine used to purchase from us before the war. It is necessary to make Kiev eliminate the economic blockade, make them purchase coal from our mines, pay for our efforts. Otherwise hundreds of enterprises and millions of people will have to starve”, is said.

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Rosmorport to help Gazprom’s structure to design LNG-terminal in Vladivostok

Gazprom LNG Vladivostok has signed an agreement with Rosmorport on cooperation in the design of facilities of the sea port terminal and related engineering infrastructure in the area of Vladivostok, Rosmorport reports by results of the work during the Transport Week-2014. The terminal can be built within the implementation of the project to build a complex for production and shipment of liquefied natural gas near Vladivostok.

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ChTPZ completes dispatch of threaded-joint casing of the Premium class to Lukoil-Komi

Pervouralsk new pipe plant (a part of ChTPZ) has developed and supplied a new kind of tubing with threaded connection ChT-VT (Premium class of the first generation) with size of 88.9x5.49 mm to Lukoil-Komi.

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The Ukraine replaces gas with Russian coal and electricity

In the coming days, the Ukraine will resume purchases of Russian gas, but by results of the year its dependence on Gazprom will be minimal in history - a little more than a third of all needs. The country has begun rolling blackouts, the threat of collapse pushes Kiev to the other extreme: it increases the purchases of Russian coal, nuclear fuel and is going to begin a large-scale import of electricity from Russia for the first time in its history, the RBC daily reports.
 
Cases of need
According to the Russian Statistics Service, in the first ten months Russia reduced the supplies of virtually all types of energy sources to the Ukraine: the most massive was the reduction of gas supplies - more than by a third, the supply of oil reduced less than others - by 0.9%. In value terms, the exports fell by 15% to $9.86 billion (this figure includes the gas supply, not fully paid-by the Ukraine).
At the same time, the Ukraine doesn’t buy Russian gas from mid-June: the parties have argued about the debts for a long time and couldn’t agree on the price of the new supplies. The interim agreement, the so-called winter package, was signed in late October: Ukraine promised to pay $3.1 billion of the debt before the end of 2014 and agreed to purchase Russian gas at the price $378 per 1 thousand cubic meters until April 1, 2015.

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Rosnedra to open the reserve of carnallite.

But it is necessary to cope with the accident in Solikamsk before its development.
As "the Kommersant" informs, Rosnedra are preparing to contest the right to extract carnallite at one of the Verkhnekamsk potash deposits. "Uralkaliy" – the current monopoly in the industry – is considered the main contender. But its mine SKRU-1 in Solikamsk, through which it is the easiest way to develop a new site, is under threat of flooding after a major accident at a nearby SKRU-2. So far, according to "the Kommersant", the situation at the mine is stable and SKRU-1 continues to operate. But it is still unclear when "Uralkaliy" begins the promised work to tab the voids and strengthen the bridges between mines.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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