Russia: gold output up in January-April 2017
In January-April Russia increased output of raw gold and gold powder by 4.3% YoY. According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)
Ukraine: acting chief accountant appointed at Zaporizhstal
Svetlana Ampilogova has been appointed the acting chief accountant of Zaporizhstal. According to the company press service the ex-chief accountant Natalia Mikhayskaya has been appointed the financial controller of Zaporizhstal. “Natalia Mikhayskaya has been a successful chief accountant, she has been developing the financial function of the enterprise. Now she heads the new for her…
Russia: Mechel deals with Gazprombank approved
Mechel held a shareholders’ meeting on May 17. The shareholders have approved deals with Gazprombank. Thus they have approved of changes to the suretyship agreement on securing the loan contracts of Yakutugol and Yuzhniy Kuzbass with Gazprombak, as well as pledging 25% +1 share of Mechel-Mining ordinary shares to the bank. (Ukrainian metal)
Russia: Smolensk region to start producing aluminum sections
The Alvidprof company will start manufacturing aluminum sections on the territory of the Phoenix industrial park in Smolensk region by the end of 2018. Investments in the project total 400 million rubles. Alvidprof has become the first resident of the industrial park, the construction of which will finish in Q3 2018. (Ukrainian metal)
Russia: PMKh output down in Q1 2017
In January-March the Industrial Metallurgical Holding enterprises mined 542 thousand tons of coking coal, down by 28% QoQ. The decrease was the result of the planned disassembly and assembly of machinery at Butovskaya mine and the short calendar period of the first quarter. Berezovskaya factory decreased coal concentrate processing by 6% QoQ, to 644 thousand…
Russia: Evraz starts mining GZh coal
Uskovskaya miners have started digging coal at the long face 50-08. The reserves of the face are estimated at 1.8 million tons of coking coal of the premium GZh grade. Each month the miners intend to obtain some 250 thousand tons of coal. After processing at Evraz factories Uskovskaya mine coal is delivered to other…
Ukraine: Centrenergo cancels coal tender
The power-generating company Centrenergo has cancelled the tender to buy 700 thousand tons of anthracite coal for Zmievskaya and Tripolskaya thermal power plants with delivery in May-December. According to the company statement, the decision was taken by the management in fear of the price increase in case of exchange rate fluctuations. 2 companies participated in…
Ukraine: Mariupol Ilyich to implement anti-crisis measures because of raw materials shortage
Metinvest intends to implement anti-crisis measures at its Mariupol Ilyich Iron and Steel Works. In particular it is suggested using iron ore raw materials wastes to produce sinter in view of undersupplies of sinter ore via railroad. “We intend to implement new methods of operation providing for the more efficient usage of secondary materials, thus…