Sergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…
The Ministry of energy and coal industry of Ukraine is giving documents of Krasnolimanskaya state enterprise to the State Property Fund. According to the ministry decree, the department of corporate and property rights has to transfer the documents within 1 week. In 2015 Krasnolimanskaya mined 641.7 thousand tons of coal, down by 30.9% YoY. In…
The minister of energy and coal industry of Ukraine Igor Nasalik visited Severodonetsk in Lugansk region and met with the state regional administration. Nasalik said that the regional mines would receive financing of 1 billion UAH under government guaranties. “I have come to the Lugansk region to help. I want to see the situation at…
Three Cyprus-based companies, affiliated with Interpipe, have purchased 19.3% Nikopol South Pipe Works shares each from Transportno-Investitsionnye Tekhnologii LLC. The TIT LLC share decreased from 96.689302% to 38.675721%, while the share of Plamsted Limited increased from 0.000027% to 19.337914%, that of Wolbert Company Limited – from 0% to 19.33786%, and of Kamset Holdings Limited from…
In January-October Krivoy Rog Iron Ore Industrial Complex produced 4.13 million tons of iron ore, down by 10.8% YoY. According to the company statement, in October KZhRK produced 449 thousand tons of ore, up from 440 thousand tons in September. In 2015 the company produced 5.46 million tons of iron ore, down by 6.7% YoY.…
Cherepovets Iron and Steel Works continues its autumn repair campaign. In particular the company has finished the overhaul of its sintering machine No. 4. Severstal Russian Steel spent 40 million rubles on repairs. (Ukrainian metal)
Yenakievo Iron and Steel Works is facing complete halt because of Ukrzaliznytsia. “EMZ that has just finished its blast furnace No. 5 repairs might not put into operation, and that’s some 45 thousand tons of pig iron or $20 million of revenues in November”, Ukrmetallurgprom chairman Alexander Kalenkov said. According to him, the works is…
On November 15, Daryal put its second line of flux-cored wire into operation. “We have put all our newest techniques and developments into the line. We hope it will allow us not only to increase output, but also to meet the requirements of the most demanding consumers, among them the largest iron and steel works…