Ukraine: ISD registers its companies on the Kiev-controlled territory

The Industrial Union of Donbass Corporation and its companies from Lugansk region have been reregistered on the territory controlled by the Ukrainian government. “Following the shareholders meetings at Alchevsk Iron and Steel Works, Alchevsk By-Product Coke Plant and Ecoenergia, all the companies have been reregistered at Severodonetsk, that is under control of Ukraine. The companies…

Russia: Glass Lewis and ISS recommend Mechel shareholders to vote “for” deals with creditors

Mechel announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended Mechel shareholders to vote to approve the deals with creditors at the company’s extraordinary general meeting scheduled for May 26. Glass Lewis and ISS recommended that Mechel shareholders approve of the transactions on providing and changing suretyships and pledges provided by the…

Ukraine: Zaporizhstal profits up in 2015

In 2015 Zaporizhstal received 1.8 billion UAH of net profits, up by 61% YoY, or by 684.3 million UAH.

According to the company statement, its net income last year went up by 41.99% YoY, or by 9.28 billion UAH, to 31.39 billion UAH. (Ukrainian metal)

Ukraine: Novotroitsk Mine Group ends 2015 with profits

In 2015 Novotroitsk Mine Group received 181.56 million UAH of net profits.

According to the company statement, its net income increased 2.8 times YoY, or by 282.79 million UAH, to 439.68 million UAH. (Ukrainian metal)

Ukraine: Zaporozhkoks changes ownership

Shareholders of Zaporozhkoks have changed the ownership of the company from public to private joint-stock company.

This has been done based on the Decree “On joint-stock companies”. The shareholders have also stipulated the new articles of the organization that came into effect on May 1. (Ukrainian metal)

Ukraine: Yasinovskiy Coke losses up in 2015

In 2015 Yasinovskiy By-Product Coke Plant received 357.01 million UAH of losses, up by 61% YoY, or by 135.2 million UAH.

Last year the company decreased its net income by 40.68% YoY, or by 785.05 million UAH, to 1144.55 million UAH. (Ukrainian metal)

Ukraine: Marganets Ore-Repairing Works profits down in 2015

In 2015 Marganets Ore-Repairing Works received 0.14 million UAH of net profits.

According to the company statement, its net income last year increased by 77.76% YoY, or by 19.22 million UAH, to 43.94 million UAH.

The works repairs mining and processing machinery and produces spare parts. (Ukrainian metal)

Ukraine: UGOK sinter output up in April 2016

In April Yuzniy Mining and Processing Works produced 136.9 thousand tons of sinter, up by 13.1% YoY. At the same time, its concentrate output dropped by 5.6% YoY, to 889.5 thousand tons. According to the company statement, in January-April it produced 3603.8 thousand tons of concentrate and 532.2 thousand tons of sinter, down by 3.8%…

Ukraine: AMKR to resume shipping to Russia

ArcelorMittal Kriviy Rih has completely stopped delivering its metal to Russia, as it’s economically inexpedient, but could resume the shipping provided the price increases. “We don’t sell much in Russia. But we could possibly resume our sales there”, said the company CEO Paramjit Kahlon. According to him, the market started to revive and metal prices…

Ukraine: Makeevka Coke decreases losses

In 2015 Makeevka By-Product Coke Plant received 12.77 million UAH of losses, down by 40% YoY, or by 8.57 million UAH.

According to the company statement, its net income fell by 54.26% YoY, or by 2.74 million UAH, to 2.31 million UAH. (Ukrainian metal)

Ukraine: Donetskstal appoints supervisory chairman

Shareholders of Donetskstal have dismissed Yuri Filatov from the office of the supervisory board chairman and appointed Dmitry Christodulidi instead. According to the company statement, Christodulidi was the economy and finance deputy to the general director. Shareholders have also reelected Mikhail Ilyashov and Natalia Lobacheva supervisory board members. The board has been appointed for 3…

Russia: Norilsk Nickel’s “Conquerors of the North” wins the all-Russian graduate awards contest

More than twenty applications from various Russian and foreign companies were submitted for the contest. Projects notable for innovative solution and creative approach, as well as containing feasibility study, became winners. The contest’s jury composed of experts from major recruiting and consulting companies gave the first place in the nomination “Best students-engaging program” to Norilsk…

Ukraine: MGOK and OGOK resume operation

Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works resumed their operation.

According to the executive director of Association of Ukrainian Ferroalloy Producers Sergey Kudryavtsev, the operation of the companies stopped in December 2015.

In March OGOK produced 7.2 thousand tons of manganese concentrate, while MGOK output totaled 46.4 thousand tons. (Ukrainian metal)