Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…
The Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on April 28, during which the agenda for the Annual General Shareholder Meeting (AGM) to be held on June 2, was approved. The list of persons entitled to participate at the AGM…
Shareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company. The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision. The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)
Privolnyanskaya mine has resumed coal mining. According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped. On April 17, the mine yielded the first coal. (Ukrainian metal)
In January-March Donetskstal received 1.1 billion UAH of profits, having increased its net income by 76.46%, or by 2.3 billion UAH, to 5.37 billion UAH. In Q1 2016 the net loss of the company amounted to 1.66 billion UAH, while for the whole 2016 the company received 2.28 billion UAH of losses, down 2.7-fold YoY.…
In January-February Donetsk region exported $614.9 million worth of goods, up by 58.6% YoY. The region exported to 69 countries. Italy was the main importer with $115.3 million, up by 53.7% YoY, followed by Russia ($103.9 million, up 2.6-fold), Turkey ($52.3 million, up by 24%) and USA ($46.2 million, up 2.1-fold). Ferrous metals exports brought…
In March pig iron output decreased by 23.3%, steel semi-finished products – by 35.2%, ferrous rolled metal – by 8.4%, all YoY. Steel semis are one of the most popular export products in Ukraine. Pig iron is also often exported to US and Italy. Steel output increased by 9%. Coal mining dropped by 17.7% YoY.…
Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…