Ukraine: Selidovugol and Mirnogradugol buy 8 million UAH worth of mine sections

The state enterprises Selidovugol and Mirnogradugol have ordered the Donenergoexport LLC the delivery of mine sections at 4.2 million UAH and 3.87 million UAH respectively. In particular, Selidovugol ordered 105 tons of SVP-27 sections at 40 thousand UAH per ton, and Mirnogradugol – 100 tons at 38.76 UAH per ton. Had Selidovugol reached the Mirnogradugol…

Kazakhstan: Bakyrchik to yield 10.5 tons of gold from 2019

In 2019 the Bakyrchik Mining Enterprise LLC, a part of Polymetal, intends to reach the full capacity and yield up to 10.5 tons of gold per year at the Bakyrchik deposits.

The factory will be put into operation in 2 months.

Investments in the construction totaled $322 million. (Ukrainian metal)

Ukraine: state mines on Donbass cut off grid

The state enterprise Regional Power Grid has cut electricity supplies to the mines of Mirnogradugol, Selidovugol, Lisichanskugol, Pervomayskugol and Toretskugol. According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, state mines of Chervonograd and Volyn were also left without electricity. At present the union is taking actions to restore power supply…

Russia: MMK sales up in Q1 2018

In January-March MMK sold 2.828 million tons of metal, up by 10.5% YoY. The share of the high added value products reached 47.6%, or 1.345 million tons (+10.3%). Sales to domestic market increased by 16.5%, to 2.225 million tons, or 78.6%. The company produced 2.4 million tons of pig iron and 3.147 million tons of…

Ukraine: Deposit Guarantee Fund sells Donetskstal assets

The Individual Deposit Guarantee Fund has signed an agreement to sell Donetskstal assets.

According to the fund statement, the assets include the building of a cinema, a culture house and the manufacturing machinery, pledged to the now bankrupt Delta-bank.

The lot was sold for 331 million UAH. (Ukrainian metal)

Ukraine: Zaporozhkoks net profit up in 2017

In 2017 Zaporozhkoks increased net profit 2.9-fold YoY, to 1.058 billion UAH. According to the company statement, the undistributed profit as of last year totaled 2.3556 billion UAH. Current liabilities grew 2.7-fold, to 5.338 billion UAH, while fixed – by 20%, to 219.912 million UAH. The combined debt of the company increased 2.5-fold, to 6.039…

Russia: MMK-Metiz income up in 2017

In 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons.

According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles.

Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)

Ukraine: Corum Group to make excavations at Pokrovskoye Mine Group

Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group.

According to the company statement, the commissioning is scheduled for 2018-2019.

The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)

Russia: Novelis to stop buying aluminum from RUSAL

Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…