Russia Metals and Mining

Creditors try to bankrupt Chelyabinsk metallurgical plant

The Commercial court of the Chelyabinsk region has registered a claim from ChelyabinskMAZservis for bankruptcy of Chelyabinsk metallurgical plant (ChMK, a part of Mechel), the RAPSI reports.

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Gus Valve Plant to launch new complex

In autumn of 2014, the production and mechanical complex of the Gus valve plant Gusar will start to produce large diameter pipe fittings for the oil and gas industry.
The solemn ceremony of the new complex's launch will take place at the plant (Gus Khrustalny) on September, 28th.
The installation of the first column of the industrial complex was carried out in March 2012. Currently the production of block (DN 50-800) and slide (DN 100-800) valves is mastered at the shop. Preparations to start the production of the following equipments is in the process:
- oilfield equipment (flush and discharge valves) and ball valves (DN 150-1000) for oil and gas companies;

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Izhneftemash has successfully passed API audit

Izhneftemash of Rimera, ChTPZ has successfully passed API audit for correspondence to the demands of the international standards ISO 9001:2008 and API specifications API Spec Q1 " and API Spec 11АХ applied to oil and gas production enteprises. During one week, API specialists inspected all the major departments of the plant. The shop for the production of subsurface oil-well pumps was additionally inspected for correspondence to API Spec 11АХ demands.

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In January-May, export of ferrous metals from Russia grew

According to the Federal Customs Service, in January-May 2014, the export volumes of flat-rolled products of iron or non-alloy steel increased by 9.1% to 3.36 million tons as compared with the same period of the previous year. At the same time, 2.76 million tons of products (+17.3%) were shipped to the non-CIS countries, and 597.4 thousand tons (-17.5%) to the CIS countries.
The volume of the cast iron export also grew by 28.6% (1.71 million tons). As for the non-CIS countries, the growth made up 27.4% to 1.64 million tons; as for the CIS states, it was 68.5% (65.9 thousand tons).
The export of ferroalloys increased by 1.1% to 387.2 thousand tons At the same time, the growth on the non-CIS countries made up1.8% (367.2 thousand tons), and on the CIS stated the export decreased by 10% (20 thousand tons).

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Norilsk Nickel Zapolyarye has summed up the operational results for June

V. Steshenko, the director of the production department of Norilsk Nickel Zapolyarye states that all departments of the subsidiary and its independent branches have completed the period well. The positive tendency has lasted for several months. The mining enterprises have exceeded the plan for ore and metals production, as well as the concentrating sector. The metal producers accomplished the plan by 100% and more. The task for H2 is to work not worse than in H1.

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Severstal has been granted the right for development of the Liberian largest iron ore deposit

The Ministry of Lands, Mining Industry and Energy of Liberia has granted to Putu Iron Ore Mining Company Incorporated (PIOM, a 100% property of Severstal) class A license for iron ore production in the Putu Mountain Range region, Severstal reports.
Class A license was granted to the company after admission of the Feasibility Study of the project presented to the Government on March 31 in accordance with Mineral Development Agreement, MDA signed on November 2 2010 and the plans for development of the project denounced before.
Translated by Nadezhda Poltoratskaya

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MMK-Metiz confirms correspondence of quality certificates

According to audit of MMK-Metiz’s quality management systems, a board of auditors has decided to confirm the validity of certificates of QMS ISO 9001:2008, ISO / TS 16949:2009.

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Aluminium production in Krasnoyarsk to go up

UC RusAl states about the preparation for the construction of a new foundry for the production of extrusion billets at the Krasnoyarsk aluminium plant (KrAZ). The project is being realized within the framework of the strategy on the increase of the share of alloys in the company’s production run.
To date, they start designing of a complex at UC RusAl. The total volume of investments will make up about $45 million. The project completion is expected in 2016. The complex is meant for the output of extrusion billets, including the ones of large diameter (up to 460 mm), which are in great demand in the car industry, they say in the company. Its production capacity will make up 120 thousand tons a year. To date, UC RusAl manufactures extrusion billet of 200 mm in diameter.

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Polyus Gold looks for funds for Natalka deposit in China

On the background of the world price fall for gold Polyus Gold of S. Kerimov has started to look for funds for its main project – the Natalka deposit where it has already invested $1.3 bln – in China. On the unofficial data, the company is negotiating with banks and companies which are offered to join the project. But the final parameters of the project and the total investment volume are not clear that might delay the discussion of the financing conditions with China.
The largest Russia gold producer, Polyus Gold (S. Kerimov holds 40.2%) is negotiating with Chinese investors on the financing of the development of the Natalka deposit, sources of Bloomberg reported. Sources of Kommersant close to the company and in the market confirmed this information. According to them, the negotiations are at the early stage and are held simultaneously with a few potential investors and banks. Various forms of funds attracting are discussed – from the project financing to the sale of a minority stake in the Natalka project. The executive secretary of the Russian-Chinese chamber on mechanic-technical and innovation production trade facilitation, S. Sanakoev, is aware of the fact of the negotiations. He showed confidence that investors who are interested in the offer of Polyus Gold will be found in China. Representatives of the company and Mr. Kerimov refused to comment.

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Norilsk Nickel sells its Australian mine Black Swan to nickel company Poseidon Nickel

Australian mining company Poseidon Nickel has agreed to buy the Black Swan nickel mine, owned by Russian Norilsk Nickel, abandoned in 2009. This was reported by the press centre service of Poseidon Nickel.
The Australian company reported that paid to Norilsk Nickel 10% of the value of the mine as a deposit. The transaction is planned to be completely concluded during six months.

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