Russia: aluminum exports up in Q1 2017
In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million. The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)
Russia: Uranium One earnings up in Q1 2017
In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million. The corrected net profits totaled $21.1 million, up 7.5-fold YoY. Uranium output dropped to 1110 tons. Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)
Russia: Mechel to receive UMZ excavators
Uralmashzavod has concluded a contract for the delivery of an EKG-20 excavator to Mechel. The No. 18 machine will be operating at Neryungrinsky open-pit of Yakutugol, a part of Mechel. The excavator will be supplied in late 2017. Last year the company received 2 similar excavators. One has already been successfully put into operation. (Ukrainian…
Russia: Rusal BGZ output up
Rusal has announced the completion of Boksitogorsk Alumina Works modernization. Within the project, lasting from October 2015 till May 2017 the works received grinding and processing equipment to increase the corundum output to 79 thousand tons. In particular, the company increased refractory capacities by 6 thousand tons, and abrasive – by 4 thousand tons per…
Russia: TMK Chermet scrap procurement up in Q1 2017
In January-March TMK Chermet outperformed the scrap procurement target by 26%. TMK enterprises received 494 thousand tons of scrap. The company keeps increasing the share of its own scrap deliveries: in particular it supplied 160.5 thousand tons, up by 10.6% YoY. (Ukrainian metal)
Ukraine: UGOK shares deals prohibited
The National commission on securities and stock market has stopped amendments to the system of depository accounting on securities of 20 issuers. Among them are the Yuznhiy Mining and Processing Works and Stakhanov Ferroalloy Plant The companies have not disclosed their annual regulatory information on stock market for the last 2 years. (Ukrainian metal)
Russia: Tulachermet gets losses in Q1 2017
In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016. According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles. In September Tulachermet will put…
Ukraine: Energy Minister asks coal from occupied Donbass to be confiscated
The Ministry of energy and coal industry has asked the State Fiscal Service to confiscate all the coal originating from the occupied regions of Donbass. According to the ministry letter, the SFS has to demand the certificate of origin when the coal is imported, as well as take samples to check sulfur contents. The coal…