Owner of the Russian steelmaker Severstal Alexei Mordashov outpaced Leonid Mikhelson, major shareholder of the national gas producer Novatek, in the rating of the richest Russians, Forbes said on July 31. Mordashov’s wealth is estimated at $16.8 billion, followed by Mikhelson with $16.2 billion, it said. “The ascent of Mordashov was facilitated by a significant…Details
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PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the second quarter and the first half of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q2 our platinum group metals (PGMs) production increased substantially owing to the…Details
Ukraine’s production of coal decreased by 558,400 tons, or by 2.9%, in January-June, compared to the same period in 2016. This has been stated in an information note on the main indicators of the Ukrainian fuel and energy industry development over the first six months of 2017. “In January-June coal-mining enterprises of Ukraine produced 558.4…Details
In January-June Vysochaishy (GV Gold) mined 2.2 tons (71 thousand ounces) of gold, down by 15% YoY. “The drop in output has to do with the scheduled decrease of ore mining (by 13%) and processing of lower gold-containing ore (by 16%)”, the company explains. Gold sales in H1 totaled $84.1 million, down by 14% YoY.…Details
Dneprovsky Iron and Steel Combine has resumed the manufacture of square billets at its continuous casting machine No. 1 in the converter shop. The square billets will be used to produce metal structures at the 400/200 mill of the rolling shop. It should be noted that DMK is gradually resuming operation after a long idle…Details
In June Russia transported 9.4 million tons of ore, up by 2.2% YoY, and the highest result for the past 10 years. In January-June ore transportation decreased by 0.5% YoY, to 54.6 million tons. Local transportation grew by 4%, while exports dropped by 6% YoY. The main drop was seen in the exports to Ukraine…Details
The ArcelorMittal Kriviy Rih union has agreed with the company administration on paying for additional vacations. According to the first deputy chairman of the union Natalia Marinyuk, the text of the order has been approved. It should be noted, that, according to the current labor legislation, paying for additional vacations to its employees is the…Details
In January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works increased earnings by 25% YoY, to 3.9 billion rubles. Net profit went up by 54%, to 18.4 million rubles. The company has also increased its exports, as it has entered the markets of the Netherlands, Poland and UK. “In the Netherlands we will be cooperating at full scale…Details
The crushing and sorting factory of Mikhailovsky Mining and Processing Works has assembled a new air-purifying machine – smoke exhauster. The new exhauster’s capacity is 20% higher than that of the previous one. The new machine also has thicker walls, increasing its lifetime to 20 years. Reconstruction of the purification system is a part of…Details
Zagorsky Pipe Works has received a batch of rolled sheet from Uralskaya Stal. In particular, sheets for the manufacture of pipes with 530, 630, 720 and 820 mm diameter and wall thickness of 8-16 mm were delivered to ZTZ. The companies have been cooperating since December 2016. Since then UralStal has supplied around 15 thousand…Details
The city of Kriviy Rih was hit by an earthquake on July 29. It turned out that the earthquake was the result of explosion works at the Yubileynaya mine. Under the Soviet Union the mine was a part of the Mine Group named after the 20th Party Congress. Now it’s a part of Sukhaya Balka.…Details
In January-June the Industrial Metallurgical Holding produced 1.15 million tons of coking coal, up by 24% YoY. The increase is the result of the start of operations at the mine named after Tikhov and the second stage of the Bitovskaya mine. The combined capacity of the 2 mines is 3.4 million tons of coking coal…Details
NLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…Details