System Capital Management has sold almost 100% of the Kolosnikovskaya Central Processing Factory (situated in the Russia-supported terrorist-occupied territory of Donetsk region) to a Makeevka citizen Victor Chmilev. Chmilev has already replaced SCM representative in the supervisory board Alexander Onischenko. According to the board decision the general manager of the factory has also been replaced.…
In January-June the Industrial-Metallurgical Holding received 4.51 billion rubles of net profits, up by 7.1% YoY. EBITDA dropped by 44.34%, to 4.52 billion rubles. PMKh decreased income by 3.76% YoY, to 28.28 billion rubles. In H1 the company mined 925 thousand tons of coking coal, down by 13% YoY. Coal concentrate output went up by…
In July Ukraine exported $153.11 million worth of long rolled metal, with imports on the level of $11.47 million. According to the State Fiscal Service, the main consumer of Ukrainian long rolled metal in July was Russia ($20.13 million). In January-July Ukraine exported $974.49 million worth of long rolled metal, while imports totaled $79.88 million.…
Zaporizhstal has started constructing blast furnace No. 3. According to the company CEO Rostislav Shurma, the construction will last for 5 months. The blast furnace will contain 2 dust extraction machines and the gas-purifying machine. (Ukrainian metal)
Avellana Gold (Cyprus) intends to start mining polymetallic ores in Western Ukraine. “The management of the State geology service has recently had an official meeting with the American representatives of the company. The parties discussed main terms of mineral resources mining. The investor has acquired companies with licenses to mine and prospect polymetallic ores”, said…
Russia continues increasing metal imports. In June it imported 326 thousand tons of metal (without pig iron, ferroalloys, wastes and scrap), up by 11% MoM. Pipe imports remain low – at 30 thousand tons per month. In H1 Russia imported 1.52 million tons of ferrous metal, down by 4% YoY. The drop was caused by…
Corum Group plans to increase industrial capacities of the Krivoy Rog Mining Machinery Works by 30%. According to the group CEO Yakov Sidlyarenko, it also wants to buy boring machines for Svet Shakhtera Works (Kharkiv) enabling it to increase tunneling machine manufacture by 66%, to 20 units per year. (Ukrainian metal)
Shares of NLMK Group, an international steel company with operations in Russia, the United States, and Europe, were raised to the First Level quotation list, the premium-listing segment for securities admitted to trading on the Moscow Exchange. A First Level listing means that a company must meet the high standards of corporate governance, market capitalization…