Russia Metals and Mining, India

UC Rusal and Indian Runaya Metsource to create joint venture in India

UC Rusal and the Indian company Runaya Metsource have signed an agreement on the establishment of a joint venture in India, the UC Rusal’s press centre reports.

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Alrosa sells diamonds for $12.9 mln to Indian and Chinese companies during auctions in Vladivostok

At the auction in the Eurasian Diamond Center in Vladivostok, the diamond producing company Alrosa sold diamonds in the volume of 461 thousand carats for $12.9 million, including technical diamonds

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Indian KGK to engage in cutting diamonds in Primorye

Indian corporation KGK, which specializes in the production of faceted gemstones, has begun to search for a site for enterprise in Vladivostok.

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Tata Power wants to mine coal in Kamchatka.

The Governor of the Kamchatka Region Vladimir Ilyukhin discussed prospects for implementation of the investment project on development of the Krutogorovsk coal deposit with representatives of Tata

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Russian companies expect to increase coal exports to Asia.

The International Energy Agency (IEA) predicts an increase in world coal demand by nearly 200 million tons in the next five years - up to 5.64 billion tons in 2021.

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India introduced anti-dumping duties on hot-rolled steel from Russia and other five countries

On Tuesday, India approved the anti-dumping duties on hot-rolled steel flat products from China, Japan, South Korea, Russia, Brazil and Indonesia, the Department of Taxes and Fees under the Ministr

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NLMK promised to invest $1 bln in India

​NLMK intends to develop the production of electric steel and flat rolled products in India.
The Minister of the Andkhra-Pradesh state, N. Ch. Naydu, addressed to the management of NLMK in Russia upon the investment in India. In the framework of the Innoprom-2016 workshop in Yekaterinburg he met with the head of the electric steel division of NLMK, V. Shevelev. The latter said the plant plans to invest $1 bln into the metallurgical sector of India.
Mr. Naydu invited the head of NLMK to visit the Andkhra-Pradesh state and collect the information on natural resources.
Mr. Naydu also met with the Governor of the Sverdlovsk region, E. Kuyvashev, and showed his interest in the foundation of the Russia-India industrial cluster in Andkhra-Pradesh. The Governor said he will send a delegation to India for the assessment of perspectives of such a cooperation.
Mr. Naydu talked to the Governor of the Chelyabinsk region, B. Dubovitsky, an showed his interest in the enterprises of the metallurgical and car manufacturing sectors as well as products of agricultural producers of the Chelyabinsk region.

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Russia increases coal export to India

​On the background of the decreased value of freight of vessels, Russian coal companies have new opportunities for the development of supplies to the APR markets which are far located from the ports of the Far East, is said in Mechel’s forecast.
Perspective countries for the supply of Russian coal may be India, Malaysia, Thailand etc.
In February 2016 a vessel loaded with thermal coal left for India from the Elga deposit.
In 2015 about 4 mln tons of coal was extorted at the Elga deposit, which is by 3.5 times more than in 2014.
Previously a vessel shipped anthracite extracted in Kuzbass to India.
China is developing its energy sector in the direction of gasification, reduces volumes of coal consumption.
However, other countries of the South-Eastern Asia in general increase the import of raw materials.
In the coming years the stake of imported coal in the region is expected to grow from 32% to almost 50%.

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Canada has introduced protective duties in respect of Russian and Indian steel plates

​The Canada Border Services Agency — CBSA has introduced a duty for the import of hot-rolled steel plates and steel plates out of high –resistant low-alloyed steel from Russia and India.
A 98.1% duty is set for both countries. Meanwhile the duty for Severstal is 15.3%.
It was found out during the investigation that the Indian producers, unlike Russian, were issued subsidies.
Severstal said that it would try to reduce the protective duty. The company will try to get the antidumping duty for steel plates to be reduced as it considers it to be very high. The stake of supplies of these products from Russia makes up 3% of its total import to Canada and 1% of the visible consumption and they fully meet the rules of the international trading and are held at market prices, the representative of the metallurgical company said.
The antidumping investigation started on June 10th 2015 by the claim of Essar Steel Algoma. In September CBSA announced of the introduction of a 18.9% preliminary compensation duty for the products of the Russian companies.

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