Russia: NLMK IFRS net profit up in 2017

The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…

Kazakhstan: gold output up in January 2018

In January Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 8.7% YoY and amounted to 5,978 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the production of raw silver and semi-processed silver, or in powder form, was equal to 59,644…

Ukraine: Donbas miners given 365 million UAH to clear salary debts

The state mines in Donbas have received 365 million UAH transferred to partially clear salary debts.

Vice-prime-minister Vladimir Kistion thanked the ministries involved for quick solving of the problem.

Still, miners are striking at all the four mines of the state enterprise Selidovugol. They demand clearing their January salary debt. (Ukrainian metal)

Kazakhstan: metal works to be built in SKR

Within the Industrialization map the South-Kazakhstan region will carry out 20 projects valued at 40 billion tenge. As the result, some 1500 jobs will be created, and the volume of industrial output will reach 920 billion tenge. In particular, according to the region governor Zhanseit Tuymebayev, a metal works will be constructed. Investments will total…

Russia: KMZ expands geography of ferromanganese sales

In January KMZ shipped 2 railroad cars (120 tons) of ferromanganese to Mongolia.

The shipping of 2 more cars to Darkhan Metallurgia Ltd is planned for February.

Following the successful negotiations with Divatsogt, KMZ will supply ferromanganese to Mongolia on constant basis. (Ukrainian metal)

Ukraine: Ukrvtorchermet to restructure debt to Oschadbank

Ukrvtorchermet has applied for debt restructuring procedure.

The volume of the debt is not disclosed.

Ukrvtorchermet procures and processes ferrous metals scrap and waste.

Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)

Ukraine: DSS output down in January 2018

In January Dneprospetsstal produced 20591 tons of steel, down by 10.7% MoM.

Rolled metal output dropped by 4.6%, to 13818 tons.

The total cost of products manufactured in January was 780572 thousand UAH, down by 3.2% MoM. (Ukrainian metal)

Russia: Atomredmetzoloto to mine gold in Yakutia

Atomredmetzoloto intends to start mining for gold at the Severnoye deposits in Yakutia. The Severnoye uranium deposits are a part of the Elkon uranium ore district. The designing of the uranium works was put on hold in 2011 after world prices fell drastically following the Fukushima accident. In 2019-2020 the company will carry out prospecting…

Ukraine: Lvivugol clears 2017 salary debts

On February 16 the state enterprise Lvivugol cleared its salary debts of 2017.

In particular, the enterprise received 10 million UAH from the state company Coal of Ukraine.

On January 4 Coal of Ukraine transferred 21 million UAH to pay salary to Lviv miners for November 2017. (Ukrainian metal)

Ukraine: Yuzhnodonbasskoye Mine Group orders cage shaft reinforcing

The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH.

The works have to be carried within 3 months.

The contractor has to provide a 12-months guarantee. (Ukrainian metal)

Ukraine: AMKR after blockade of Donbas starts purchasing coal and coke in Russia

PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…