Cabinet of Ministers has made amendments to the order of using state budget funds for the restructure of coal industry to clear salary debts to miners. The amendments provide for transferring 100 million UAH to pay salary to state miners. 100 million UAH more will be spent to pay for electricity at mines. And 150…
In January-July deliveries of coking coal to by-product coke plants decreased by 2%, to 8.28 million tons, including 1.83 million tons of local coals (+17%) and 6.45 million tons of imported coal (-6%). The share of imports dropped to 77.9% from 81.4% in January-July 2018. In July coal deliveries grew by 22%, to 1.18 million…
On August 15 steel spilt out at the converter shop of Azovstal. The accident happened due to the opening of the steel ladle. There were no injured. The company says the accident will not affect the environmental situation in the city of Mariupol. The shop is operating in normal mode. On July 12 pig iron…
In April-June TMK increased revenue by 4% QoQ, to $1307 million. EBITDA grew by 11%, to $195 million. Net debt as of June 30 totaled $2641 million. In H1 revenue decreased by 2% YoY. EBITDA went up by 4%, to $370 million. In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)
Copper producer Uralelectromed, a part of Russia’s Ural Mining and Metallurgical Company (UMMC), does not rule out branching out to the domestic market of steel structures, the company said in a statement on August 16. “Currently, the company’s production satisfies demand of other UMMC companies. But we may enter the Russian market and occupy a…
The testing of the main technological machinery – the cold-rolled metal mill – at the works to produce tinplate in Miory will start on November 1, the CEO of the company Petr Shimukovich said. The construction of the main manufacturing premises is nearing its end. In order to test machinery some 8.9 thousand tons of…
One of the main requirements that the government of Kyrgyzstan puts for investors is protection of environment, the Prime Minister Mukhammedkaly Abylgaziev stated during his working trip to Jalal-Abad region, the Information Support Department of the Government’s Office said. The prime minister visited Eti Bakyr Tereksai mining enterprise, which is developing a group of Terek,…
In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…