While merging with Magadanmetallotorg, Susumanzoloto has increased its statutory capital by 5.249 million rubles. Prior to this the company capital was 5.220 million rubles. One ruble corresponds to one ordinary share. Thus, during the merge the number of shares increased by 28999 pieces. In 2019 Susumanzoloto net profit totaled 3.139 billion rubles, up by 52%…
Severstal is finishing the pre-heating assembly of the coke-oven battery No. 11 with the technology of charge tramping at Cherepovets Iron and Steel Works. The cost of the investment project amounts to 33 billion rubles. The technology will allow processing low-value coal grades from Vorkutaugol without losing quality indexes. Thus the company will not only…
For the first time in Ukraine, DTEK has installed Wi-Fi at the depth of 500 meters at the Yubileynaya mine in order to provide a multi-functional system for miners’ safety, using almost 130 km of cable. “The system will allow getting data from various safety meters in real time and informing miners of the change…
In January-February, Ukraine exported $1.4 billion worth of ferrous metals, down by 15.8% YoY. According to the State Fiscal Service, ferrous metals accounted for 17.2% of the total export revenue as opposed to 20.84% last year. In February, revenue amounted to $682.39 million. Imports of ferrous metals in 2 months dropped by 21%, to $138.27…
Despite the fact that last year some of the harshest market conditions and the crisis in Ukrainian metallurgy significantly affected the company’s operations, ArcelorMittal Kriviy Rih fulfilled its obligations under the Collective Agreement. The report on fulfillment of the Collective Agreement in 2019 was approved by a resolution during the company’s collective conference held on…
The Cabinet of Ministers has approved the appointment of Sergey Lubennikov as the acting director of Zaporozhye Titanium and Magnesium Works LLC. Thus, the Cabinet has agreed with the suggestion of the State Property Fund. Vladimir Sivak has been the director of ZTMK since 2010. He was detained in 2016 for embezzlement of 492 million…
In January-February, Azovstal increased rolled metal output by 28% YoY, to 699 thousand tons. Steel manufacture grew by 25%, to 776 thousand tons, and pig iron – by 31.5%, to 689 thousand tons. In February, the company produced 319 thousand tons of rolled metal, 365 thousand tons of steel and 333 thousand tons of pig…
In January, Ukrainian mining and metal companies decreased average salary, except for mining and processing works, by-product coke plants and ferrous metallurgy. In particular, average salary in mining was 17705.4 UAH, up by 1.4% MoM. By-product coke plants increased salary by 2%, to 18527.8 UAH, ferrous metallurgy – by 0.2%, to 17422.4 UAH, while non-ferrous…