The supervisory board of Dneprospetsstal has once again prolonged the authorities of the acting chairman of the board Vitaly Kornievsky for 3 months. On April 23, 2009 the supervisory board relieved Daniel Valk of his duties, having appointed the ex-CEO of Dneprovsky Iron and Steel Works named after Petrovsky, Vitaly Kornievsky instead. His office has…
In January-June Tajik Aluminum Company produced 54.8 thousand tons of primary aluminum, down by 3 thousand tons YoY. The decrease in output has to do with the capital repairs of the machinery to reduce electricity consumption. The repair is expected to be completed this year, after that output will grow again. Some 48 thousand tons…
On July 31 an accident happened at Azovstal resulting in the death of one person, while another was rushed to hospital. Two employees of a subcontractor firm fell from on high while carrying out repair work in the coke shop. As the result of the fall one person died, and another was taken to the…
In April-June the segment of Africa and CIS (ACIS) of ArcelorMittal increased EBITDA by 9.1% QoQ and 2.28-fold YoY, to $397 million. According to the group statement, H1 EBITDA grew 2.1-fold, to $760 million. Steel output decreased by 16.2% YoY and by 9.2% QoQ, to 3.087 million tons due to the problems at ArcelorMittal Kriviy…
The prices for gold and silver bars in Azerbaijan decreased, while the prices for other precious metals increased on August 1, according to the data published by the Central Bank. The price of gold decreased by 2.3035 manats, to 2075.751 manats per ounce, compared to the price on July 31. The price of silver decreased…
Russian steelmaker Novolipetsk Steel (NLMK) plans to raise production in July-September as compared with April-June, the company said in a presentation. Operating results of Russian facilities of NLMK are traditionally strong in July-September, which should improve financial results of the company, NLMK said. The company’s steel production rose by 1% QoQ, to 4.381 million tons…
Velikomostovskaya mine of the state enterprise Lvivugol has put a new long face No. 114 into operation. The face reserves are estimated at 162 thousand tons of coal. The length of the long face will be 80-120 meters. It was expected to mine 3750 tons of coal in late July there. (Ukrainian metal)
In January-June DTEK Energo mined 11.4 million tons of coal, down by 15% YoY. Coal processing reached 8086.3 thousand tons. Concentrate output totaled 4897.8 thousand tons. (Ukrainian metal)
