Rusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…
The President of Ukraine Petro Poroshenko attended Azovstal Iron and Steel Works operating under umbrella of Metinvest Group as part of his visit to Mariupol. At the enterprise, he had a look at the blast furnace No. 4, which is one of the most modern and environmentally friendly furnaces in Ukraine. The facility has been…
Corum Group estimates its share on the Ukrainian market of mining machinery in 2015 at 52%. According to the company CEO Yakov Sidlyarenko, local sales in 2015 dropped by 6.6% YoY, to 72.7%. Corum is the largest mining machinery manufacturer in Ukraine and a part of System Capital Management. (Ukrainian metal)
Shareholders of Ordzhonikidze Mine-Repairing Works have expanded the supervisory board from 3 to 4 members. According to the company statement, Alexei Polyakov, Nina Laschenko and Alexander Lebed ceased to be members of the board. They have been in the office since April 15, 2014. At the same time, deputy chairman Igor Yuzkov, owning 315.4 thousand…
In June Metinvest EBITDA reached $119 million, down by 41.3% MoM. According to the company statement, its revenues in June totaled $559 million as opposed to $533 million in May. Metallurgical division of the company showed an upward trend. Its revenues increased from $423 million in May to $455 in June. EBITDA went up from…
In January-July Russia increased zinc concentrate output by 39.3% YoY. According to the Federal Service of State Statistics, in July zinc concentrate output went up by 13.3% YoY and by 16.3% MoM. (Ukrainian metal)
Energomashspetsstal has signed an agreement with the Indian steel corporation Essar Steel for the delivery of a batch of rolls for hot-rolling mills. The works has already started producing the rolls. According to the company statement, EMSS will supply 4 supporting rolls weighing 160 tons. The products will be completely treated and processed at the…
In July Ukraine imported $17.56 million worth of manganese ore, while exports reached $0.12 million. According to the State Fiscal Service, the largest supplier of manganese ore in July was the South African Republic ($7.99 million). In January-July Ukraine imported $57.34 million worth of manganese ore, with exports on the level of $1.4 million. In…