The Aluminum Association hosted a seminar on the operation of the Institute of light materials and technologies. The institute has been created by Rusal. One of the main projects for the institute will be the forging technology for car industry. At present transports account for 27%, or some 4.2 million tons of aluminum consumption per…
The Russian oil-and-gas company Novatek has announced the gathering of the information on the level of technical and manufacturing capacities of metal suppliers from Tyumen region. In particular, the company is interested in the information on the technological pipelines, pipe valves, heat-exchanging machinery, heating equipment, pipe wares, crane and lifting equipment, as well as metal…
The authorities of the Primorsky region decided to give 250 million rubles to resume operation of the Lermontovsky Mining and Processing Works, but the order of the subsidies provision has not been settled yet. “The draft document has been developed, but not adopted. It contains some impossible conditions. For example, it states that the companies…
Out of 25 million tons of coal, used by Ukrainian power plants in 2016 anthracite accounted for only 9 million tons, with just 400 thousand purchased abroad, the people’s deputy, the Rada committee on the fuel and energy issues secretary Viktoria Voynitskaya reported. Thus the “Rotterdam+” formula, supported by the Petr Poroshenko team, does not…
Shareholders of the Azovstal Iron and Steel Works intend to spend all the net profits from 2016 and a part of profit from 2014 to pay dividends. According to the shareholders’ decision, they plan to spend 558.417 UAH of net profit for 2016 (0.13352461 UAH per ordinary share), as well as 915 million UAH of…
The Ministry of energy and coal ministry on its next meeting has to present its strategy of the mine development. “We have to finally create our own program of restructuring and modernizing mines and the coalmining industry. We didn’t have such a program before. I suggested creating a strategy of the mines development”, the Prime…
In 2016 the net profits of Raspadskaya, one of the largest coking coal producers in Russia, reached $185 million as opposed to $126 million of losses in 2015. Raspadskaya is the only industrial territorial complex on coal mining and processing in the Kemerovo region. It has licenses to mine on the vast coal deposits to…
In 2016 Energomashspetsstal received 1497.9 million UAH of losses, down 2.1-fold YoY. According to the company statement, in 2015 its net losses increased by 21% YoY, to 3210 million UAH. In 2016 the company assets decreased by 5.4% YoY, to 4054 million UAH, including accounts receivable by 8%, to 350.81 million UAH, with current liabilities…