In 2016 Khartsyzsk Pipe Works, a part of Metinvest, situated on the temporarily uncontrolled territory of Ukraine, decreased its net losses by 50.7% YoY, to 194.431 million UAH. The company current liabilities increased by 95.6%, to 243.690 million UAH, fixed liabilities dropped by 15.6%, to 79.545 million UAH, while accounts receivable decreased by 10.5%, to…
The Stakhanov Ferroalloy Plant, which has been almost idle since 2014 because of the military activity on the Ukraine-uncontrolled territories, cannot be put back into operation at present. According to the Association of Ukrainian Ferroalloy Producers, the works is not operating and is not managed by Ukrainian authorities. “The enterprise is destroyed, it cannot be…
In 2016 Metalloinvest sold a packet of Nornickel ADR valued at $342 million (1.4%). According to the group statement, as of December 31, 2015 it owned 3.2% of Nornickel shares, as of December 31, 2016 – 1.8%. Now the group has some 29.013 million ADR of the nickel company, having sold over 21.181 million. Nornickel’s…
In 2016 Metalloinvest received $1.15 billion of net profits, up 5.3-fold YoY. The company revenues decreased by 3%, to $4.26 billion. EBITDA dropped by 12.2%, to $1.258 billion. The company debts decreased to $3.16 billion from $3.56 billion as of December 31, 2015. “In 2016 Metalloinvest reached record iron ore output volumes at Lebedinsky and…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan announced an auction for alluvial gold and silver deposits. The license for exploration of alluvial gold deposit Urmaral, located in Bakay-Ata district of Talas region, was estimated at $6,250. The forecast gold resources are 1,85 tons. Kumushtag ore field was also put up for…
Following an explosion at the Zaporozhkoks 4 employees have been killed. “There was an explosion of the gas tank without burning. A subcontracting organization was performing welding and repair works at the tank, which resulted in the explosion. 4 people perished”, the local police said. According to the works security director Vadim Advokatov, the explosion…
The warehouses of Sverdlovantrazit, Rovenkiantrazit and Komsomolets of Donbass Mine, situated on the occupied territories and taken over by the militants, stock some 430 thousand tons of anthracite. DTEK reported that it would watch for the illegal transportation and sale of the anthracite and stop it. “Any attempt to sell this coal is a crime.…
In January-February Kazakhstan mined 5.884 million tons of iron ore, up by 14.4% YoY. According to the Statistics Committee of the Ministry of the national economy, copper ore output totaled 14.547 million tons, up by 54% YoY, and chrome concentrate – 668.3 thousand tons, up by 15%. (Ukrainian metal)