Following the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…
Sergey Sidorkov has been appointed the acting investments director of Severstal Russian Steel. Previously he worked as the director of the center on investment projects. In his new office Sidorkov will continue the implementation of the investment program. (Ukrainian metal)
In January Ukrainian metal companies increased revenue from ferrous metals exports by 71.9% YoY, to $654.819 million. According to the State Fiscal Service, ferrous metals accounted for 21.64% of the total exports as opposed to 18.64% in January 2016. In December 2016 ferrous metal exports earned Ukraine $621.784 million. At the same time in January…
In January Mariupol Ilyich Iron and Steel Works produced 236 thousand tons of rolled metal, up by 33.3% YoY. According to the company statement, it also produced 249 thousand tons of steel and 242 thousand tons of pig iron, up by 24.5% and down by 17% YoY respectively. In December 2016 Mariupol Ilyich produced 201…
Selidovugol has sent official letters to its counteragents asking to decrease purchasing prices in contracts. According to the company managers, they were able to decrease the cost of some contracts, needed to put new long faces into operation, by 8-10%, or by 6 million UAH. The long faces being operated at Selidovugol will provide work…
Ukraine and USA have started negotiations on coal deliveries, as an alternative to coal supplies from the occupied territories. According to a participant of the negotiations, an energy market expert Vitaly Kropachev, after the meeting with the US Ministry of Energy it was decided to create a working group to develop options. “We have discussed…
In 2016 Zoloto Kamchatki, a part of Renova, increased gold output by 114% YoY, to 175.25 thousand ounces (5451 kg), and that of silver – by 309% YoY, to 247.35 thousand ounces (7694 kg). Gold sales in 2016 went up by 131%, to 173.68 thousand ounces, at the average price of $1251.66 per ounce. The…
In January Ukraine imported 76.144 thousand tons of coke valued at $17.183 million, down by 14.4% YoY and up by 44.5% YoY respectively. According to the State Fiscal Service, the main suppliers of coke were Russia (51.37%), Poland (47.8%) and the Czech Republic (0.83%). At the same time, coke exports increased by 30.1% YoY, to…