Metallurgy news
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Steel prices in China have risenChinese steel prices are holding at four-year highs even as levels look tense, given the government's efforts to maintain stability ahead of the ruling party's meeting in the fall and long-term plans to cut production. “We see this as a bubble,” said Kirill Chuiko, strategist at BCS Global Markets…
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Germany is in no hurry to part with coalBurning coal to generate electricity looks set to remain the backbone of Germany's energy supply for decades, in stark contrast to Chancellor Angela Merkel's ambitions to be a role model in the fight against climate change. Merkel is avoiding a sensitive coal phase-out in Europe's largest economy…
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Vale struggles to find partners for nickel production in IndonesiaNickel producer Vale Indonesia says Indonesia's recent move to allow ore exports is helping to lower global metal prices and complicating efforts to forge partnerships for new investment in smelters. Miners around the world face persistent market weakness, thanks in part to efforts by Indonesia and…
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Uozhsich Balssun is no longer the head of the railways of UkraineThe head of Ukrzaliznytsia, rocker Pole Wojciech Balchun, has resigned. In this position, he worked for a year and a half and tried to reform the Ukrainian railway. The first to announce the resignation of Wojciech Balchun was not the head of Ukrzaliznytsia himself, but the Prime Minister of…
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BHP Billiton Considers Autonomous VesselsAustralian mining company BHP, which uses up to 1,500 ships a year to transport around 250 million tonnes of iron ore, copper and coal, wants to introduce new technologies within ten years. BHP Billiton is analyzing the effectiveness of the implementation of a fully automated vessel for…
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Ukraine imports coal from the USA for the first timeFor the first time in its history, Ukraine has signed a contract with the United States to import coal from this country. This will alleviate energy shortages from cutting off coal supplies controlled by separatists in eastern Ukraine. The contract signed in mid-July between the American coal…
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Nickel production in Russia continues to declineBMI Research announced that it has cut its forecast for global nickel production by 5% from 1%, which means that nickel production will be reduced to 243,000 tons from 256,000 tons in 2016. BMI cuts its forecast for production of Russian nickel ore in 2017. In addition, nickel ore production in…
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Coal producers report big profitsCoal producers in China posted impressive earnings in the first half of this year. Of the 37 Chinese-registered coal mining companies, more than half estimated their profit in the first half of 2017 to be twice as high as in the first half a year ago. Companies attributed this to huge increases in…
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Shareholders of Poltava GOK allowed to mortgage the property of the complex to attract a loan to the EUAt an extraordinary general meeting of PJSC Poltava Mining and Processing Plant (PGOK, Ferrexpo Poltava Mining, Horishnie Plavni, Poltava Region), the shareholders of the largest producer of iron ore pellets in Ukraine agreed to carry out significant transactions as collateral under a loan…
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Georgian authorities want to get information from Poles about Saakashvili's whereaboutsGeorgian authorities have formally made a request to Poland to find out if the former Georgian president is visiting Poland, according to Ukas Apinsky, a spokesman for the district attorney's office in Warsaw. It is known that on Sunday evening Saakashvili met with Ukrainians in Warsaw. The…
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