In 2018 DTEK Energo intends to increase coal output by 6.5% YoY, or by 1.5 million tons, to 24.5 million tons. According to the company CEO Dmitry Sakharuk, next year DTEK will put 37 new long faces into operation. The cost of each face is some 300 million UAH, thus investments will total 11.5 billion…
The Antimonopoly Committee of Ukraine has allowed Berklemond Investments Ltd (Cyprus), a part of DCH of the businessman Alexander Yaroslavsky, to acquire Kadish Limited (Cyprus), owner of Evraz Sukhaya Balka. Berklemond was granted the right to buy shares in the company, as the result it would exceed 50% of the votes in the company. Evraz…
On October 21 the Uralelectromed refining division of the chemical-metallurgical shop turned 20. This is the only UMMC enterprise to produce gold and silver ingots. The first gold ingot was produced on October 18, 1997. In 2004 Uralelectromed became the first company in Russia to get the Good Delivery status for silver ingots. In May…
A cave-in happened at the Lesnaya mine at the depth of 830 m. According to the Lviv regional state administration Lesnaya mine of the state enterprise Lvivugol is situated in the village of Silets. “Three employees, local dwellers, were injured”, the administration noted. They have been brought to the hospital. (Ukrainian metal)
Severstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…
The first vessel with gas coal from US for DTEK thermal power plants arrived in Ukraine. “The Navious Galileo arrived on October 26. The coal from US will be unloaded in usual mode”, the Yuzhniy Sea Trade Port authorities reported. The first batch is 75 thousand tons of coal, which will be supplied to Ladyzhino…
The competition committees have set the Zaporozhye Aluminum Works privatization conditions. According to the State Property Fund head Vitaly Trubarov, 68.009% of the ZALK state shares will put up for auction at 278.37 million UAH. In 2011 Rusal shut down the works. A year ago its equipment and machinery was cut into scrap and illegally…
The net profit of the Russian steelmaker Novolipetsk Steel (NLMK) soared by 63% YoY, to $1.022 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 27. Revenue grew by 28%, to $7.25 billion, and EBITDA by 31%, to $1.869 billion. In July-September, the net profit…
