Ukraine: DTEK mines 2 million tons of coal

Teams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…

Russia: Mikhailovsky GOK profits up in 2017

In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles.

Revenue exceeded 78.73 billion rubles, up by 37% YoY.

Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)

Russia: coal exports up in Q1 2018

Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons.

According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)

Russia: Mechel commissions new long face at South Kuzbass mine

Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company.

The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters.

Investments in the project totaled 230 million rubles. (Ukrainian metal)

Russia: Moscow court keeps ISD CEO arrested

The Basmanniy Court of Moscow has prolonged for 3 months the arrest of the Industrial Union of Donbass CEO Oleg Mkrtchan accused of embezzlement.

Mkrtchan will be under arrest until July 5.

The case against him is connected with embezzlement of funds given to ISD by Russian banks several years ago. (Ukrainian metal)

Ukraine: scrap export duty to increase

A decree No. 8226 has been registered in the Verkhovnaya Rada. According to one of the authors of the document, the chairman of the Parliament Committee on industrial policy Victor Galasyuk, the decree suggests prolonging the so-called metal law and increasing the export duty on scrap to 42 euro per ton. “This is equal to…

Ukraine: pipes hit by Mexico duties

The government of Mexico has announced the implementation of the antidumping duties on the import of carbon steel pipes from Ukraine, South Korea, Spain and India.

The investigation was carried out at the request of a local company and covered the trade operations from April 2013 through March 2016. (Ukrainian metal)

Russia: Ufaleinickel losses down in 2017

In 2017 Ufaleinickel received 3.02 billion rubles of losses, down 3-fold YoY. In 2016 and 2015 the company losses totaled 11 billion and 2.3 billion rubles respectively. Ufaleinickel saw profit only in 2014 – 186 million rubles. Revenue in 2017 totaled 785 million rubles as opposed to 6.3 billion rubles in 2016. Sales losses last…

Russia: SUMZ processes quarter of copper slag

In 10 years Sredneuralsky Copper Works has processed over a quarter (26%) of metal slag, accumulated during 78 years of operation. According to the SUMZ chief environment engineer Marina Sycheva, each year the processing factory produces over 60 thousand tons of copper concentrate, which the works uses in its manufacture. Another product of slag processing…