The authorities of the Kemerovo region and the Taltech group have signed an agreement on the socio-economical cooperation in 2017. This year Taltech intends to increase coal output by 13.5%, to 4.2 million tons. Investments of 300 million rubles will be spent on engineering and construction of enterprises as well as the purchase of new…
In January-February Russia produced 580 thousand tons of steel structures and parts, down by 14.5% YoY. According to the Federal Service of State Statistics, in February steel structures output increased by 18.8% YoY and by 14.8% MoM. (Ukrainian metal)
In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund. The authorized capital of the fund received $100 million, which allowed making trial transactions. The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel. This year the…
In 2016 Ingulets Mining and Processing Works received 69.26 million UAH of losses, down 50.5-fold, or by 3.43 billion UAH. According to the company statement, its assets at the end of 2016 cost 40.49 billion UAH, up by 10.4% YoY. The company fixed liabilities totaled 1.38 billion UAH, up by 60.9% YoY, with current liabilities…
In 2016 Mariupol Ilyich Iron and Steel Works received 152.79 million UAH of losses, down 10.4-fold YoY. The company assets at the end of 2016 cost 53.24 billion UAH. Its accounts receivable reached 15.84 billion UAH, with fixed liabilities on the level of 6.54 billion UAH, and current liabilities at 20.26 billion UAH. In 2015…
In 2017 ArcelorMittal Kriviy Rih will invest some $400 million into the capital repairs of its premises and machinery. “Around 70% of projects is the modernization of techniques and the improvement of the environment”, the company CEO Paramjit Kahlon said. In particular, capital investments will total $250 million. Last year AMKR invested 6.3 billion UAH…
In 2016 Poltava Mining and Processing Works received 3.2 billion UAH of profits, up by 19% YoY. According to the company statement, this has been achieved due to the increase in output of premium-quality pellets despite the volatility of iron ore raw materials prices on world markets. Last year PGOK paid 165.1 million of income…
Corum Svitlo Shakhtaria has manufactured a new upgraded coal shearer, CLS450, to cut coal from thin and medium coal beds with a varying thickness of 1 to 2.4 m. After the tests are completed, the equipment will be shipped to Almazna Mine of DTEK Dobropolyeugol. It is the company’s first shearer with the loading unit…