Russia: Mechel IFRS net profit down in H1 2017

The net profit of Russian metals and mining group Mechel, attributable to shareholders, fell by 40% YoY, to 4.994 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said on August 23. The entire profit fell by 38%, to 5.682 billion rubles. EBITDA grew by 56%, to 40.227 billion rubles,…

Ukraine: Mariupol Ilyich signs contract with Primetals Technologies

Mariupol Ilyich Iron and Steel Works has signed a contract with the leading manufacturer of machinery for ferrous and non-ferrous metallurgy Primetals Technologies Austria GmbH. This year the company has started reconstructing the 1700 sheet-rolling shop. “The signing of the contract for the basic engineering of the mill is the next step”, the company CEO…

Ukraine: coal mining down in July 2017

Coal mining in Ukraine (not taking into account the temporary occupied territory of Crimea and Sevastopol, as well as the ATO zone) in July decreased by 26.9% YoY, to 1.9 million tons.

According to the State Statistics Service, coal mining also dropped by 1.9% MoM. (Ukrainian metal)

Russia: Insulation Pipe Works supplies pipes to T Plus

The Insulation Pipe Works has finished delivering insulated pipes and fittings for T Plus Group.

The pipes will be used to construct heating network in the cities of Penza, Kirov and Saratov.

The length of pipes totaled 7.5 km. (Ukrainian metal)

Russia interested in supplying coal to Ukraine

Russia supplies some 10 million tons of coal to Ukraine annually and intends to retain the market. “I don’t think that the first coal batch from US will affect us. Mostly because we supply coking coal for metal enterprises. Ukraine used to get the power-generating coal from the DPR and LPR (Russia-created terrorist organizations of…

Kyrgyzstan: Russian company to deal with uranium tailings

Three uranium tailings in Kyrgyzstan will be subject to reclamation, liquidation and conservation. This is reported by the company RosRAO. According to it, on August 22, RosRAO State Enterprise (“Rosatom” State Corporation) was selected as the winner in a tender for work at three tailing sites in Kyrgyzstan: Tuyuk-Suu (liquidation), Dalneye (conservation) and Kaji-Sai (recultivation).…

Ukraine: Lvivugol gets 30 million UAH for salary

On August 21 Lviviugol received 30 million UAH from the coal sale.

The money was spent to pay July salary to miners.

According to the Lviv state regional administration fuel and energy saving department, the miners received 54% of their salary. (Ukrainian metal)

Russia: Metalloinvest net profit up in H1 2017

In January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million.

The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%.

Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)

Russia: Uraltrubprom improving exports

Uraltrubprom has supplied a batch of pipes to Europe of a rare size: 323.9 mm with the wall thickness of 20 mm.

The pipes are manufactured according to EN 10219.

The weight of the batch was 92 tons.

The pipes will be used in construction structures. (Ukrainian metal)

Ukraine: constructor dies at Nusenkis’ mine

The prosecutor’s office of the Donetsk region is investigating the fatal injury of a constructor of the Mine constructing group No. 1 at the Pokrovskoye Mine Group.

At present the prosecutors believe that the safety rules when working at a highly dangerous site have been violated. (Ukrainian metal)

Ukraine: first batch of U.S. coal on its way

The first shipment of anthracite coal from the United States, supplied by XCoal Energy and Resources, totaling 85,000 tons should arrive in Ukraine in early September, the embassy of Ukraine in the United States wrote on Facebook. “The shipment of thermal coal to Ukraine was established by an agreement between the Ukrainian state-owned Centrenergo and…