NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has shipped transformer (or grain-oriented steel, GO) steel to Ruselprom, one of Russia’s leading electric machinery manufacturers. NLMK steel was used to make energy equipment for the most powerful nuclear icebreaker in the world, the Ural. Steel for the…
In January-September DTEK Group of Companies produced 21 million tons of coal, down by 5.8% YoY (out of which high-volatile steam coal grades accounted for 16.9 million tons, up by 10.5% YoY; anthracite and lean coal accounted for 4.1 million tons, down by 41.7%). “Ukraine will become energy independent,” says DTEK CEO Maxim Timchenko when…
Roof of the smelting shop No. 1 of Nadezhdinsky Iron and Steel Works in Norilsk has collapsed. According to emergency service, the roof was damaged on the space of 500 square meters. The roof collapsed following a very strong wind with the velocity of 30 meters per second. There were no casualties. At present the…
More than half of creditors that issued a $1 billion syndicated loan to Russian metals and mining group Mechel supported its restructuring conditions, Mechel CEO Oleg Korzhov said in a conference call on November 28. Some of the banks have sold their shares in the loan. “Currently, we continue negotiations with the banks that have…
Russian metals producers UC RUSAL and Norilsk Nickel have abandoned an idea of a merger, key owner of Norilsk Nickel Vladimir Potanin said on November 29. “We have agreed with Oleg Deripaska, president and key beneficiary of RUSAL, that Norilsk Nickel and RUSAL are different companies and no synergy is visible. This is why they…
Prime Minister Sapar Isakov met with the Chief Executive Officer at Centerra Gold Inc. Scott Perry. According to the press service, during the meeting the current state and prospects of joint cooperation were discussed. The head of government noted that the Kyrgyz side, as the largest shareholder, was interested in the stable operation of the…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has been named the winner of the annual competition for information transparency among publicly listed companies in Russia. The “Active Corporate Policy on Information Disclosure” award was established in 2003 by Interfax and AK&M for companies that had excelled…
In Q3 Sinarsky Pipe Works received 159.8 million rubles of net profit, down 2.5-fold QoQ. In Q3 2016 net profit was 660 million rubles. In January-September SinTZ received 1.145 billion rubles of net profit, down 2-fold YoY. Sales revenue in Q3 totaled 9.28 billion rubles, down by 1% QoQ. In 9 months the works sold…