As a result of the installation of 2.2 thousand energy efficient LED-lamps, Mariupol Ilyich Iron and Steel Works will be able to save some 60% of electricity. In particular, the company will save 7.2 million kW-h valued at 11.3 million UAH and decrease CO2 emissions by 6440 tons. The project has been carried out by…
The Cabinet of Ministers has approved the financial plan of the United Mining and Chemical Company for 2018. The net income is expected to total 3.6 billion UAH (2.855 billion UAH in 2017), and net profit – 462.85 million UAH (443.71 million UAH). In January-September UMCC decreased net profit by 27.8% YoY, to 423.07 million…
In 2018 Zaporizhstal increased the shipping of its metal products via river transport to 674 thousand tons from 573 thousand tons last year. The key customers are Turkey, Macedonia, Bulgaria and Serbia. Zaporizhstal resumed partnership with the Zaporozhye River Port in October 2012. Since then it has shipped some 3.7 million tons of metal by…
Alexander Tischenko has been appointed the managing director of the Oskol Electrometallurgical Works. Previously he has been the chief engineer of the company. In 2011-2018 the company was headed by Nikolai Shlyakhov. The new chief engineer of OEMK is now Sergey Shishkovets, ex-manufacturing director. In 2017 OEMK produced 4 million tons of iron ore pellets,…
The Expert RA rating agency has confirmed Metalloinvest rating at the ruAA- level with positive outlook. The analysts have positively estimated the financial and operational results of the group in 9 months of 2018, including its vertical integration, high added value output growth and prime cost level control. The increase in profitability and optimization of…
Russian aluminum producer RUSAL has appointed Independent Director Jean-Pierre Thomas as the chairman of the board of directors, the company said in a statement on December 28. The decision will enter in force from January 1, 2019. Thomas was appointed as an independent director in June. According to a Reuters report, the appointment of a…
Donetsk metal industry decreased output in January-November by 3.5% YoY. At the same time coal mining grew by 11.1%, to 10.6 million tons. Coke manufacture increased by 9.1%, to 4.8 million tons. Pig iron output totaled 7.5 million tons, down by 0.5%, steel – 7.2 million tons, down by 3.5%, and rolled metal – 3.6…
This year the DTEK Pavlogradskoye Mine Group extracted 4 million tons of coal, enough for one heat and power plant operation for a year. “To reach this amount, we have invested 300 million UAH in new machinery and repairs”, the company said. Since the start of the year the mine group has put into operation…
