The State Property Fund of Ukraine intends to sell several mines this year. 5 mines are being made ready for privatization, according to the fund chairman Igor Bilous. “There are some 5 objects. The mines to be privatized are complex and economically burdened objects. There is a special law on mine privatization. They do not…
In 2016 Yenakievo Coke and Chemical Works, a part of Metinvest, received 189.224 million UAH of net profits, up by 16.3% YoY. Its undistributed profits at the end of 2016 totaled 403.501 million UAH. The company accounts receivable increased 2.5-fold, to 3872.650 million UAH, current liabilities – by 46.3%, to 2163.738 million UAH. The works…
Evraz Sukhaya Balka is idle because of the absence of license to mine iron ore. According to sources, as of the late March, the company still has not received all the necessary documents to resume operation. In January-February the enterprise mined 413 thousand tons of sinter ore. (Ukrainian metal)
In 2016 Ingulets Mining and Processing Works, a part of Metinvest, received 69.264 million UAH of net losses as opposed to 3498.874 million UAH of losses in 2015. According to the company statement, its undistributed profits at the end of 2016 totaled 1234.407 million UAH. Last year InGOK increased its current liabilities by 15.2% YoY,…
In 2016 Interpipe Dniepropetrovsk vtormet received 126.626 million UAH of profits. According to the company statement, the price of its assets at the end of 2016 reached 991.338 million UAH, current liabilities – 807.314 million UAH and accounts receivable – 650.05 million UAH. In 2015 the company decreased its losses by 19% YoY, or by…
Rosszoloto, which extracts gold in the Zeysk district of Amur region, this year starts exploiting three new sites. “Last year we got some 300 kg of gold and we worked on three sites: Galchima, Dorozhny and Ozerny. Galchima has been exhausted, we haven’t submitted our license yet, as the site is being recultivated. This year…
In the long-term prospect the titanium products output in Russia will increase, according to reports from the Ti-2017 in CIS conference in the city of Yekaterinburg. The main driver of the output increase and consumption of titanium semi-finished products will be the aerospace industry, while the demand growth is also expected on behalf of energy…
According to the modernization and old machinery replacement plan the Kirov Non-Ferrous Metals Processing Works has purchased a new spectrophotometer for its central laboratory. The equipment is used to determine the mass fraction of phosphorus and iron in various alloys, as well as nickel and zirconium. (Ukrainian metal)
