Gaysky Mining and Processing Works is actively prospecting at 5 sites in Orenburg region. The total size of the prospecting works is some 600 square km. In particular, at the Gayskoye deposits the company is surveying the ore reserves below the 1310 horizon. This year the company intends to invest some 75 million rubles in…
The denial of the Antimonopoly Committee of Ukraine to allow Metinvest B. V. to purchase Dneprovsky By-Product Coke Plant is not final. “Having analyzed the situation we provided the company with preliminary results where we see monopolization. This is not a denial – Metinvest can react to the preliminary results”, the committee chairman Yuri Terentiev…
In 2017 Zaporozhye Iron Ore Complex increased net profit 2.9-fold YoY, to 1.286 billion UAH. According to the company statement, its EBITDA grew 3-fold, to 1.586 billion UAH. Net income increased by 45%, to 3.949 billion UAH. Undistributed profit totaled 3.521 billion UAH. Last year the company produced 4.503 million tons of iron ore, down…
In 2017 ArcelorMittal Kriviy Rih received 66.185 billion UAH of net income, up by 25% YoY. According to the company statement, its net profit increased from 2.704 billion UAH to 5.061 billion UAH. EBITDA grew by 94.3%, to 6.353 billion UAH. The undistributed profit totaled 32.98 billion UAH. Last year the company produced 5.134 million…
In 2017 Nikopol Ferroalloy Plant received 2.67 billion UAH of net profit as opposed to 727.46 million UAH of net losses. Net income grew by 68.4% YoY, to 18.88 billion UAH. EBITDA reached 3.27 billion UAH, as opposed to the debt of 837.67 million UAH in 2016. The undistributed profit totaled 2.34 billion UAH. Last…
Zaporizhstal has completed the project on environmental reconstruction of its sintering factory. The cost of the project is some $80 million. The modernization was carried out in stages: since 2012 the company has been commissioning one new gas-purifying unit each year. Such terms have to do with the fact, that the manufacturing process was not…
Hugues Mingarelli, Head of the European Union Mission to Ukraine, visited PJSC ArcelorMittal Kriviy Rih. This is his first visit to Kriviy Rih and to the biggest mining and steelmaking plant of Ukraine. Along with the delegation Mingarelli held a meeting with the management of the plant, where numerous important issues were discussed, such as…
Volnogorsk Mining and Processing Works has ordered Lormex LLC the delivery of wooden pallets valued at 4.34 million UAH. At first the company ordered 15.5 thousand fir pallets. But later, because of the price increase on the market, the cost went up by 30%. The total amount decreased to 4.02 million UAH, with the pallets…
