In January-September the net profit related to shareholders of Mechel increased 2-fold YoY, to 11.114 billion rubles ($185 million). According to the company statement, in 9 months its profit increased 1.8-fold, to 11.962 billion rubles, EBITDA went up by 42%, to 459.14 billion rubles, and consolidated revenue grew by 13%, to 222.797 billion rubles. In…
In January-October Ferrexpo exported 8.491 million tons of iron ore pellets. In particular, its Poltava Mining and Processing Works exported 6.331 million tons of pellets, while Yeristovo GOK – 2.16 million tons. Meanwhile Metalloinvest exported 4.711 million tons of pellets (Mikhailovsky GOK – 2.76 million tons, Lebedinsky GOK – 1.951 million tons). Karelsky Okatysh, a…
Alchevsk Iron and Steel Works, situated on the temporarily uncontrolled territory of Ukraine, and a part of the Industrial Union of Donbass, has been transferred to the management of Vneshtorgservice of the fugitive businessman Sergey Kurchenko. The same earlier happened with the number of Metinvest companies. At present, according to sources, representatives of the company…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan put two brown coal deposits up for auction. The right to develop Shurab field (Samarkandek Zapadniy 1) in Batken district was put out to the tender. The balance reserves of coal at the field amount to 810,000 tons. At least 274,000 tons of them…
The shareholders of Russian steelmaker Severstal have approved paying 35.61 rubles per share in dividends for July-September. The record date for the dividends is December 5. In 2016, Severstal paid 24.96 rubles per share, or a total of 20.91 billion rubles, in dividends for July–September. The company also paid 22.28 rubles per share or 18.66…
In January-October Kazakhstan exported 23.4 million tons of coal. “Kazakhstan’s coal is mainly exported to the Russian Federation, Central Asia, and several countries of Europe. This year, we have shipped high-quantity coal, more than 2.4 million tons, to Finland. We have started exporting our coal to Japan (the government of the Russian Federation has issued…
In January-October the part of Donetsk region, controlled by Ukraine, decreased coal output by 26.8% YoY, to 8.7 million tons. According to the Main office of the State Statistics Service in the region, in October coal mining increased by 3.5% YoY, but dropped by 37.9% MoM. (Ukrainian metal)
Corum Group, specializing in the manufacture of mining machinery, intends this year to increase sales revenue by 49% YoY, up by 7% from the target, and EBITDA – by 158%. The growth is due to the increase in contract signing by 116% YoY. As the result machinery sales increased by 67%, services – by 34%.…
