Russia: PMH revenue up on 2017

In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…

Ukraine: AMKR concludes long-term contract with Lemtrans

Lemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…

Russia: VSMPO-Avisma concerned about place on the market due to a ban on titanium supplies to the US

Russia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…

Russia: Rio Tinto to declare force major on several deals with RUSAL

Rio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement.

On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)

Russia: Neryungri to prospect at Tokko field

Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…

Russia: Chukotka coal output up in Q1 2018

In January-March Chukotka Autonomous District mined 183 thousand tons of coal, up by 6.6% YoY.

Beringpromugol, operating at the Fandyushkinskoye Pole deposits, mined 140 thousand tons of coal, up by 32% YoY.

This year the company intends to extract 600 thousand tons of coal. (Ukrainian metal)

Ukraine: EMSS supplies large batch of rolls to Finland

Energomashspetsstal has shipped a large batch of rolls to ABB.

The total weight of the shipment was 177.29 tons.

The rolls will be used in the manufacture of electric engines.

The companies have been cooperating for 10 years. (Ukrainian metal)

Ukraine: VostGOK trying to pay $2 million to Steuermann

The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…

Ukraine: coal mining down in Q1 2018

In January-March Ukraine mined 8.359 million tons of coal, up by 19.3% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 9.9%, to 1.614 million tons, and that of power-generating coal – by 21.3%, to 6.744 million tons. In March coal mining grew by 1.3%, to 3.024 million tons.…