In 2016 Atomredmetzoloto received 18.1 billion rubles of revenue, up by 4% YoY, with EBITDA up by 35%, to 4.3 billion rubles, and net profit up by 44%, to 3.7 billion rubles. “2016 was a difficult year for the uranium industry. Still we were able to improve our key financial indexes and showed the net…
Energy and Coal Industry Ministry of Ukraine will initiate prohibition of grade “A” coal imports from the territory of the Russian Federation. “I will submit for consideration of the government the order on prohibition of grade “A” coal imports from the territory of Russia. The ministry has information, that the coal will be taken from…
The blast furnace No. 3 at Zaporizhstal will be put into operation in April in full accordance with the schedule. According to the company CEO Rostislav Shurma, because of the railroad blockade of uncontrolled territories in Donetsk and Lugansk regions many metal companies have been experiencing the shortages of blast furnace raw materials. “The main…
Zaporozhye Iron Ore Complex has gained access to ore reserves of 68 million tons. The construction of the new grinding complex and the new ore deposits will create 152 new jobs. In 2012-2016 ZZhRK invested over 1.86 billion UAH into development and modernization. (Ukrainian metal)
The Kazakhstan state gold-mining works Tau-Ken Altyn, a part of the National mining company Tau-Ken Samruk, plans to sell the National bank 15 tons of gold this year. “Last year Tau-Ken Altyn sold 12 tons of gold to the National bank. This year our plan is 15 tons”, Tau-Ken Samruk chairman Mazhit Turmagambetov said. Thus…
Ukraine intends to increase uranium ore processing to 1501 tons in 2018, to 2480 in 2019 and in 2020 each. This year the uranium concentrate output is expected to increase by 21.4% YoY, to 1.2 thousand tons. Thus, the Ministry of energy and coal industry 2020 forecast of uranium concentrate production exceeds the 2016 results…
Evraz-holding intends to increase its share on Ukrainian coking coal market to 20%. According to the group statement, its share in 2016 reached 12%. The company increased exports to Ukraine by 42% YoY, to 2 million tons, and plans to increase them to 3 million tons in 2017. In 2015 the company revenues in Ukraine…
The management of the Mariupol Ilyich Iron and Steel Works has initiated a dialogue between the Donbass blockade participants and the employees. “On behalf of all the personnel I would like to invite the heads of the railroad blockers to our works. We would like to organize the meeting with our employees, simple metallurgists, who…