Ukraine: first batch of U.S. coal on its way

The first shipment of anthracite coal from the United States, supplied by XCoal Energy and Resources, totaling 85,000 tons should arrive in Ukraine in early September, the embassy of Ukraine in the United States wrote on Facebook. “The shipment of thermal coal to Ukraine was established by an agreement between the Ukrainian state-owned Centrenergo and…

Russia: MMK-Metiz profits up in Q2 2017

In April-June MMK-Metiz received 444.6 million rubles of net profit, up 1.8-fold QoQ. In H1 the company received 696.4 million rubles of net profit against 110 million rubles in H1 2016. MMK-Metiz earnings in H1 totaled 9.62 billion rubles, up by 22% YoY. Sales in Q2 increased by 18% QoQ, to 5.21 billion rubles. (Ukrainian…

Russia: Ormet modernizing processing factory

Ormet has put the new gyratory crusher into operation at its processing factory ore-preparing department. The capacity of the new machinery is 85-140 cubic meters of material per hour. Investments into the project totaled 14.5 million rubles. Disassembly of the old unit and the assembly of the new one were done in 10 days. In…