The Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…
Karelsky Okatysh has started modernizing its drum pelletizers. The rubber lining is glued to the inside of the pelletizers to protect the surface from vibration and concentrate pickup. “This will allow us increasing the maximum capacity of the pelletizing lines and retaining qualitative parameters of pellets”, the company noted. 3 drum pelletizers have been modernized…
Electrozinc has commissioned the new gas blower in the compressor department of the sulfur acid shop. The machinery valued at almost 500 thousand euro was put into operation by the supplier – Piller, Germany. The gas blower was assembled in September 2017 to replace the outdated blower, which had been operating since 1981. (Ukrainian metal)
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…
Zonoville Investments Limited, a consortium comprising multi-industry holding Renova Group of the businessman Viktor Vekselberg and Access Industries of Leonard Blavatnik, intends to acquire a 6% stake in Russian aluminum giant UC RUSAL from Onexim Group of tycoon Mikhail Prokhorov. After the deal in closed, Zonoville and its associate Sual Partners Limited will jointly control…
The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…
In January Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 8.7% YoY and amounted to 5,978 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the production of raw silver and semi-processed silver, or in powder form, was equal to 59,644…
The state mines in Donbas have received 365 million UAH transferred to partially clear salary debts. Vice-prime-minister Vladimir Kistion thanked the ministries involved for quick solving of the problem. Still, miners are striking at all the four mines of the state enterprise Selidovugol. They demand clearing their January salary debt. (Ukrainian metal)