Donskoy Antrazit, a part of DTEK, intends to increase coalmining from 0.93 million tons per year to 1.3 million tons. For this the company will invest around 4.2 billion rubles in 2018-2025. The output growth will be provided by merging the Dalnyaya mine with the closed down mine No. 410. In 2016 DTEK assets in…
The Volyn region governor Vladimir Gunchik has discussed with the deputy minister of energy and coal industry Galina Karp the problem of salary debts to miners. The deputy minister promised that the necessary money to clear debts would be transferred by December 8. On December 5, Gunchik will meet with miners and union representatives to…
While miners are not paid their wages, the state decided to recover over 70 million UAH from Volynugol for not meeting the coalmining plan. Volynugol had to mine 200 million UAH worth of coal for the customer, having received the 90% prepayment, but the miners failed to provide the required amounts of coal. “The miners…
In January-October Kazakhstan exported 23.4 million tons of coal, up by 13.6% YoY. Output totaled 86.6 million tons, up by 11.6% YoY, or by 9 million tons. 61.8 million tons were supplied to the local market, with 45.9 million tons delivered to combined heat power plants and state district power plants. (Ukrainian metal)
Mikheyevsky Mining and Processing Works has completed repairs of the Superior MK 60-89 gyratory breaker with the capacity of 4 thousand tons of ore per hour. This is the largest breaker in Russia. The repairs were completed in just 36 hours instead of 120 as planned. (Ukrainian metal)
VIZ-Stal has started assembling new crane machinery to service its cold-rolling mills. The new crane with the boggy truck will replace the outdated lifting machine. The new crane lifting capacity is 22 tons against 20 tons of the old one, and this will result in the transportation growth of 10%. The new crane will be…
In Q3 Asha Iron and Steel Works received 19 million rubles of net profits as opposed to the loss of 92 million rubles in Q2. According to the company statement, in Q3 2016 it received 435 million rubles of net profits. In January-September AMZ net profit totaled 372.2 million rubles, down by 57% YoY. In…
In September Metinvest increased EBITDA by 69.5% YoY and by 38.2% MoM, to $217 million. According to the group statement, revenue grew by 47.3% YoY and by 11.7% MoM, to $832 million. In September Metinvest sold 1.286 million tons of metal, up by 18% YoY and by 8.9% MoM, valued at $701 million. Mining sales…