Russia: Tigers Realm Coal revenue up in 2018

Tigers Realm Coal, mining coking and power-generating coal in Kamchatka, received 10.88 million Australian dollars of net profit in 2018, up by 228% YoY. Coal output grew by 131%, to 576 thousand tons. Sales totaled 393 thousand tons, up by 138%. In particular, coking coal sales went up by 326%, to 179 thousand tons, and…

Russia: Uralelectromed produces 4 million tons of copper wire rod

Uralelectromed has produced 4 million tons of copper wire rod in 20 years.

The total length of the rods produced is 8 million km.

Uralelectromed is the largest producer of copper wire rod in Russia.

Its share on the domestic market is 40%. (Ukrainian metal)

Ukraine: Mechel pays for DMEZ in full

Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011.

The group lost control over the plant 3 years ago.

Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018.

In February Mechel paid the last installment. (Ukrainian metal)

Ukraine: Novokonstantinovskaya mine to increase uranium output

The investment project “Novokonstantinovskaya mine. Manufacturing capacities development” will help decrease the dependence of the domestic nuclear energy on foreign suppliers of uranium products. The project will also improve the efficiency of uranium oxide concentrate manufacture by VostGOK. In particular, the mine will increase extraction from 200 to 500 thousand tons per year, and the…

Russia: MMK-Metiz net profit down in 2018

In 2018 MMK-Metiz received 544.3 million rubles of net profit.

In 2017 the volume of its net profit was the highest – 1.26 billion rubles.

Revenue last year totaled 23.08 billion rubles, up by 13% YoY.

Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)

Russia: Zabaikalye to process gravitation gold-bearing concentrates

The Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye.

It is expected to process 3 tons of gold-containing raw materials per day.

The complex is expected to be operating for 14 years. (Ukrainian metal)

Russia: Mechel profit up in 2018

In 2018 the profit of Mechel, attributable to shareholders, reached 12.63 billion rubles, up by 9% YoY. Revenue increased by 5%, to 312.57 billion rubles, but EBITDA dropped by 7%, to 75.67 billion rubles. In the mining segment the revenue decreased by 3%, to 96.88 billion rubles, but in metal segment it grew by 9%,…

Russia: Amurstal sales up on January-February 2019

In January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned.

Sales grew both to the local market and abroad.

According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)

Russia: TMK expecting stable pipes demand

In 2019-2022 demand for large diameter pipes in Russia will remain at the level of 1.9-2.1 million tons. According to TMK, last year pipe consumption grew by 25%, to some 2 million tons. Gazprom will be the main buyer, accounting for 63-66% of all purchases. The second largest consumer – the state company Transneft –…

Ukraine: sanctions removed from Moldova Iron and Steel Works

Ukraine has removed sanctions from Moldova Iron and Steel Works.

Even though the works belongs to the Transnistria Moldavian Republic, but actually it is controlled by Russian Metinvest.

The works was entered into the sanctions list on June 21, 2018.

Prior to sanctions Ukraine supplied 80% of its exported scrap to the works. (Ukrainian metal)