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 The outdated transformer machinery was disassembled and the new transformer by ABB Transformer AB (Sweden) assembled in the furnace.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…
Since 2014 investments into the mining industry of the Khabarovsk region totaled 16 billion rubles. Belaya Gora Mining and Processing Works increased ore processing by 10% in 2 years. In 2016 Polymetal put into operation a GOK at the Svetloye deposits. Amur Zoloto LLC has resumed operation at the Yubileinaya gold factory, and the Ayano-Maysk…
In January-February Russia increased raw copper output by 1% YoY. According to the Federal Service of State Statistics, copper alloys output dropped by 18.7%, rods and sections – by 37.3%, but wire production rose by 38.3%, and foil – by 80.2%. (Ukrainian metal)