Ukraine’s Cabinet of Ministers decided to resume licensing of anthracite exports in 2017 in consultation with Ukraine’s Energy and Coal Industry Ministry to overcome crisis in the energy sector linked to termination of anthracite supplies from Ukrainian government uncontrolled territories of Donbas. “The resolution is intended to provide for a balance on domestic market, prevent…
An American working group on the issue of coal deliveries will arrive in Ukraine. “On May 23 the American group will come”, the minister of energy and coal industry Igor Nasalik declared. At the same time he noted that Ukraine would not be using anthracite coal in May and June. (Ukrainian metal)
Presidential envoy to the Siberian Federal District Sergei Menyailo has urgently departed for the Zabaikalsky region, where miners began a strike on May 18, a regional information center said in a statement. The Yugo-Zapadnaya gold mine, belonging to Darasunsky Rudnik, saw 81 workers refusing to leave the mine because of alleged wage arrears for April.…
In January-March TMK received $42 million of net profits, up 3-fold YoY. According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million. The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)
In January-April coal companies of Kemerovo region mined 77.3 million tons of coal, up by 8% YoY. According to the regional state administration, power-generating coal output totaled 56.7 million tons, up by 10.5%, and coking coal output remained on the 2016 level (20.6 million tons). (Ukrainian metal)
A new Chetra T-40 bulldozer, produced by Chetra-Industrial Machines, has been supplied to Mikhailovsky Mining and Processing Works. This is an exclusive bulldozer, as the company has only produced 37 of them. And they are already operating in Japan, Kazakhstan, Kemerovo region, etc. (Ukrainian metal)
In January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…
In January-March Magnitogorsk Iron and Steel Works increased sales of cold-rolled metal by 49% YoY, to 11.9 billion rubles. According to the company statement, bars sales went up by 52%, to 12 billion rubles. The increase in both cases was due to the rise of average prices – by 46% and by 45% respectively. Galvanized…