In January-July Severniy Mining and Processing Works increased pellets manufacture by 1.3% YoY, to 5.251 million tons. Concentrate output grew by 7.7%, to 7.12 million tons. In July SevGOK produced 816 thousand tons of pellets and 1.042 million tons of concentrate. (Ukrainian metal)
International ratings agency Fitch has improved the Petropavlovsk Plc long-term rating to B- from CCC, with positive outlook. The improvement reflects the considerable strengthening of the company liquidity due to the refinancing of convertible bonds, paying of $57 million worth of loans by IRC Limited, etc. At the same time Fitch noted that financial and…
Chelyabinsk Iron and Steel Works is increasing rail and beam mill product range – the company has mastered the manufacture of a new channel for the construction industry. A trial batch of the 30P channel has been produced. The product quality corresponds to GOST 8240. The first batch of 20 tons has been shipped to…
Donskoy Antrazit, a part of Ukrainian DTEK, in 2018 received 709.3 million rubles of net debt as opposed to 453 million rubles of net profit in 2017. Revenue grew by 2%, to 2.1 billion rubles. Gross profit fell by 21.7%, to 475.4 million rubles, and sales profit by 27.3%, to 313 million rubles. EBITDA was…
In 2018 Obukhovskaya Mine Group, a part of Ukrainian DTEK, decreased net profit by 7.1% YoY, to 2.2 billion rubles. Revenue grew by 21.3%, to 13.7 billion rubles. Sales profit went up by 28.9%, to 4.1 billion rubles, while EBITDA dropped by 5.6%, to 2.8 billion rubles. The company accounts receivable increased from 1.3 billion…
ArcelorMittal Kriviy Rih will invest over 10 million UAH in the construction of a gas pipeline with the length of 3.8 km. After the construction the pipeline will be surrendered to the Krivorozhgas gas company free of charge to supply gas to over 35 thousand consumers in the Dolgintsevsky and parts of Metallurgichesky and Inguletsky…
In January-July Central Mining and Processing Works increased pellets output by 0.1% YoY, to 1.356 million tons. In 7 months iron ore manufacture grew by 3.2%, to 2.495 million tons. In July CGOK produced 214 thousand tons of pellets and 373 thousand tons of concentrate, up from 207 thousand tons and 353 thousand tons in…
Global trends on switch to low-carbon and “green” economy directly affect the volume of coal consumption in Kazakhstan, the Ministry of Industry and Infrastructure Development reported. “Notwithstanding this fact the coal industry goes on being one of the most important resource spheres of economy. The share of coal industry to country’s GDP amounts to 0.3%,…