Norilsk Nickel has invested 4.6 billion rubles into the modernization of its port terminal in Murmansk. According to the company statement, 2.4 billion rubles were spent on construction of the second birth, which would be put into operation in late March. The increase in throughput capacity will allow Nornickel to transport all of its produce…
Ukraine’s government intends to ban imports of steam coal from Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk declared. “A draft resolution is currently in the pipeline. A decision will follow,” he said when answering a question about plans to ban anthracite coal imports from Russia. The draft resolution is planned to be considered…
In 2016 DTEK Pavlogradugol increased net profit 3-fold YoY, to 647.15 million UAH. According to the company statement, its assets cost 24.41 billion UAH, up by 17% YoY, accounts receivable were on the level of 7.51 billion UAH, up by 64% YoY. The company fixed liabilities increased from 4.72 billion UAH in late 2015 to…
The resumption of primary aluminum production as well as the creation of a new anode factory at the VgAZ-SUAL works will give the Volgograd region some 2.5 thousand jobs. RusHydro confirmed its readiness to discuss electricity supply to the Volgograd Aluminum Works. It was the high cost of electricity that halted the electrolysis manufacture at…
Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams. The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)
In February Ukraine decreased steel output by 3.6% YoY, to 1.9 million tons, falling from the 10th position to the 11th position in the 67 countries list. Most of the TOP-10 countries reported an increase in steel output except for Japan, USA and Russia. In January Ukraine produced 2.1 million tons of steel, up by…
The so-called Donetsk People’s Republic has started hunting for the ex-CEO of the Zasyadko mine Pavel Filimonov. He is suspected of committing a crime connected with the violation of safety rules while conducting mining or construction operation resulting in the death of 2 or more people. The militants already arrested Filimonov in 2015 following an…
The shareholders of the Severniy Mining and Processing Works, a part of Metinvest, intend to spend 1.8 billion UAH on paying dividends for 2016 from the net profit of 3.61 billion UAH. The dividends will be paid as 0.77643 UAH per ordinary share. In 2015 SevGOK received 1.21 billion UAH of net losses. (Ukrainian metal)
