In 2017 ArcelorMittal Kriviy Rih will invest some $400 million into the capital repairs of its premises and machinery. “Around 70% of projects is the modernization of techniques and the improvement of the environment”, the company CEO Paramjit Kahlon said. In particular, capital investments will total $250 million. Last year AMKR invested 6.3 billion UAH…
In 2016 Poltava Mining and Processing Works received 3.2 billion UAH of profits, up by 19% YoY. According to the company statement, this has been achieved due to the increase in output of premium-quality pellets despite the volatility of iron ore raw materials prices on world markets. Last year PGOK paid 165.1 million of income…
Corum Svitlo Shakhtaria has manufactured a new upgraded coal shearer, CLS450, to cut coal from thin and medium coal beds with a varying thickness of 1 to 2.4 m. After the tests are completed, the equipment will be shipped to Almazna Mine of DTEK Dobropolyeugol. It is the company’s first shearer with the loading unit…
The enterprises of Metinvest mining and metallurgical group in the territories of Donetsk and Luhansk regions, temporarily uncontrolled by Ukrainian authorities, have announced the cancellation of all the letters of attorney they issued earlier. According to the announcement, the letters of attorney were canceled by PJSC Yenakievo Iron and Steel Works, PJSC Khartsyzsk Pipe Works,…
The Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of slag valued at 31.54 million UAH. By the end of the year the company will have supplied 137199 tons of granulated blast furnace slag to produce cement to Ingulskaya and Smolinskaya mines at 230 UAH per ton. In October…
In 2016 ArcelorMittal Kriviy Rih sold 6.1 million tons of metal, up by 13% YoY. According to the company CEO Paramjit Kahlon, 87% of metal was exported and the rest – 850 thousand tons – sold on the local market. The main export markets for AMKR are Egypt, Iran, Turkey as well as Northern and…
In January-February Russian output of copper concentrates remained flat YoY. According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)
In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015. According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same…