Vladimir Kim and Oleg Novachuk, director and chairman of the board of Kaz Minerals respectively, as well as its largest shareholders, have announced their intention to buy 60.61% of shares at the London Stock Exchange and return the company to private ownership. The shares will be bought via their Nova Resources company at GBP 6.4…
Since June, ArcelorMittal Kriviy Rih has supplied 1.3 thousand tons of rebars for the construction of a new bridge over the Dnepr River in Zaporozhye, or some 50% of the needs. The construction resumed in April, and the company became the key supplier of A-III A400 rebars with the diameter of 12 to 32 mm.…
Interpipe intends to master the manufacture of new types of products for heavy machine-building, cargo vehicle suspension systems and oil machine-building. “Sooner or later the market will revive, and we must be ready to present new products”, the company machine-building pipes sales director Marina Lugovskaya reported. Interpipe is expanding the production of large precision cold-drawn…
During the alluvial season of 2020, the Novaya Miners’ Team LLC has extracted 120 kg of gold. The company intended to extract 140 kg of gold. Thus, the annual target was 85.7% met. The decrease is due to a depletion of reserves at the site and the drop in gold content in sands. Last year,…
Zaporizhstal has purchased a LiuGong front-end loader for the blast furnace shop. Investments amounted to 2 million UAH. The efficiency of the new machine is higher compared with previous analogues: fuel consumption is 15% lower, while performance is 14% higher. (Ukrainian metal)
In January-September, Ukraine produced 250.1 thousand tons of metal structures, down by 27.5% YoY. In particular, according to the State Statistics Service, the manufacture of prefabricated pig iron or steel structures fell by 27.1%, to 29.3 thousand tons. The output of structures made solely or mostly of ferrous sheet metal dropped by 8%, to 85.1…
In 2019, Metinvest enterprises in Kriviy Rih – Ingulets, Severniy and Central Mining and Processing Works – spent 4 billion UAH on ecological projects under a city program until 2025. In particular, the enterprises invested in new machinery and equipment, which helped decrease dust emission to 50 mg per 1 cubic meter. 14 automated environment-monitoring…
In August, Metinvest B. V, decreased revenue by 7.9% YoY, to $838 million. EBITDA grew by $12 million, to $216 million. Metal division EBITDA totaled $91 million, while mining – $134 million. Metal revenue amounted to $671 million, mining – $258 million and intragroup sales – $91 million. Debt dropped by $64 million to $3.017…