Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…Details
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U.K.-based mining giant Evraz, which operates mainly in Russia, plans annual capital expenditures on coal assets at around $100 million until 2025, Sergei Stepanov, senior vice president and head of the coal division, reported on September 21. “Historically, the division spends around $100 million per year on capex on maintenance, without construction of new mines.…Details
Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…Details
Interpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…Details
According to some sources the debts of the Donetskstal Group to the banks could reach $1 billion. Creditors have doubts as to the company financial reports. Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)Details
Interpipe Steel is pondering the possibility of importing scrap from the USA. According to the company CEO Fadi Khraibe, scrap situation in Ukraine is complex, with a negative forecast. “At present the market is balanced. In November it will change. In Q1 2018 there will be a shortage of scrap and we will have to…Details
In January-August raw copper output totaled 0.279 million ton, up by 5.5% YoY. In August copper manufacture increased by 4.1% YoY, but dropped by 7.1% MoM, to 0.033 million tons. Zinc production decreased by 0.3% YoY in January-August, to 0.217 million tons, with 0.028 million tons produced in August, up by 5.8% MoM and by…Details
Khakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…Details
In August Dneprospetsstal produced 23251 tons of steel and 14376 tons of rolled metal, up by 10% and by 3.7% MoM respectively. The total cost of the products manufactured in August dropped by 8.4% MoM, to 611643 thousand UAH. In January-August DSS produced 172138 tons of steel and 112875 tons of rolled metal, valued at…Details
Despite being situated in the military activity zone, Avdiivka Coke and Chemical Works is modernizing its capacities. In particular, the company is constructing the crude benzol storage and a new tube-type furnace, modernizing the railroad network and the coke shop No. 4. This year the company intends to start a new environment project to stop…Details
The commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…Details
Shareholders of Yuzhniy Mining and Processing Works decided to pay 16.163 billion UAH of dividends (10.16 UAH per share). According to the company statement, the payment of dividends will start on September 25 and will end in 6 months. In 2016 UGOK received 5.904 billion UAH of profit, up 1.7-fold YoY, having increased its net…Details
In October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…Details