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…
Pobuzhye Ferronickel Plant, a part of Solway, could resume the imports of power-generating coal from Colombia in case the deliveries from Ukraine and CIS countries are blocked. “We have created a data base on coals. Colombian coal fits our technology well, but it’s an alternative variant”, he said. According to Bespalov, if deliveries of Ukrainian,…
The Prime Minister of Ukraine Vladimir Groysman believes that the government could start buying coal from USA, Australia and South Africa. “We will buy it for foreign currency. Either from the US, or from Australia, or from the South Africa. This is very serious”, he said. According to him in its time the government of…
On March 20, after an overhaul the Volgograd Iron and Steel Works “Krasniy Oktyabr” put into operation its arc-furnace No. 5. The furnace was halted for repairs in September 2016. The outdated transformer machinery was disassembled and the new transformer by ABB Transformer AB (Sweden) assembled in the furnace. The repair will improve the furnace…
The Chelyabinsk Pipe Plant has opened a book of inquiries for 7-year bonds in the volume of 5 billion rubles. The demand on behalf of 25 companies exceeded 8 billion rubles. According to the company statement, the bonds have an interest rate of 9.7%. The bonds will be placed on March 30, at the Moscow…