Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…
In April-June MMK increased steel output by 3.8% QoQ, to 3.182 million tons. Capacities were 90% loaded. Pig iron manufacture increased by 8.7% QoQ, to 2.578 million tons. The growth has to do with the scheduled repair of blast furnace No. 10 in Q1. Sales in Q2 reached 2.882 million tons, up by 5.9% QoQ,…
In 2016 Dalur mined 591 tons of uranium in Kurgan region. The gradual putting of Dobrovolnoye deposits into operation by 2025 will allow the enterprise to increase output to 700 tons per year. The Dobrovolnoye reserves are estimated at 7067 tons of uranium. (Ukrainian metal)
In January-June Ukraine exported 20.5 million tons of iron ore raw materials, up by 2% YoY. Imports decreased by 92%, to 90 thousand tons, with no iron ore raw materials imports in June. In H1 Ukrainian metal companies received 12.1 million tons of local iron ore raw materials, down by 14% YoY. In 2016 Ukraine…
ArcelorMittal Temirtau intends to increase output of steel to 5 million tons by 2021 and start selling it in EAEU and Central Asia. The company CEO Paramjit Kahlon believes these countries are the most attractive to AMT. “We have found right markets for us to sell our products. We no longer orient to the Black…
The Karazhyra board of directors approved of the address to Altyn Bank to borrow $7.5 million for 36 months. The company has pledged 1.3 billion tenge worth of material resources to the bank. In January-May the East-Kazakhstan region, where Karazhyra is situated, exported 14255 tons of coal valued at $321.4 thousand to Uzbekistan and 2022…
In January-June Mechel-Service increased earnings by 12% YoY, to 28 billion rubles. Beam sales increased by 15%, pipes by 18% and stainless sheet by 22%. Metal sales in volumes remained almost on the previous year level – 904 thousand tons. “We see the first half year results as quite positive. Against the drop in metal…
Dneprometiz has switched from public into private joint stock company. The decision was taken at the shareholders’ meeting on April 24. The change came in effect on July 18. On April 24 shareholders revoked the supervisory board of 4 persons, electing 5 instead, having reelected 3 from the previous board. In 2016 Dneprometiz received 34.73…