Chelyabinsk Iron and Steel Works, a part of Mechel, has finished the scheduled capital repairs of its quality and stainless steel producing complex. The repairs cost around 20 million rubles. All the three mills of the complex were repaired. The main mill – the continuous cast machine No. 2 – saw the largest volume of…
In 2017 the Kimkano-Sutar Mining and Processing Works will bring around 300 million rubles of taxes to the budget of the Jewish Autonomous District, the regional governor Alexander Levintal announced. By mid-2017 it is planned to put the works to full operation. According to the company CEO Yuri Makarov, in December 2016 the works produced…
The management of the United Mining and Chemical Company was prepared to privatize the company in its favor. “The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”,…
On February 5-8, the anthracite coal stocks at Ukraine’s thermal power plants increased by 18 thousand tons, or by 2%, to 876 thousand tons. According to the national power-generating company Ukrenergo, as of late February 5, there was 1609 thousand tons of coal at the warehouses, including 858 thousand tons of anthracite, with 186 thousand…
Russian aluminum giant UC Rusal is considering selling up to 20% of new shares in London, Bloomberg reported citing two sources familiar with the situation. The company sees good possibilities for the sale of new shares in London after the price of its shares increased and is currently holding talks with several banks, the sources…
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, may acquire global depositary receipts (GDRs) from minority shareholders for $118 million with own funds in the framework of a planned delisting from the London Stock Exchange (LSE), CEO Nikolai Zelensky said. Earlier Nordgold confirmed its LSE delisting plans and said it had offered to…
Transnet Engineering LTD from the South African Republic is interested in buying steel in Ukraine. “According to the Ukrainian embassy in SAR, the company is looking for suppliers of steel to be used in the manufacture of 3200 containers for the coal transportation”, the Ministry of economic development and trade reported. It should be noted…
In 2016 Ukraine exported 37.7 million tons of iron ore raw materials, down by 7.8 million tons YoY. According to the state enterprise Ukrpromvneshexpertisa, the largest drop in exports was to China – by 9.6 million tons. This market is the farthest and the less competitive for Ukrainian suppliers. On the other hand, Serbia and…
