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The net profit of Russian metals and mining group Mechel, attributable to shareholders, fell by 40% YoY, to 4.994 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said on August 23. The entire profit fell by 38%, to 5.682 billion rubles. EBITDA grew by 56%, to 40.227 billion rubles,…
DetailsMariupol Ilyich Iron and Steel Works has signed a contract with the leading manufacturer of machinery for ferrous and non-ferrous metallurgy Primetals Technologies Austria GmbH. This year the company has started reconstructing the 1700 sheet-rolling shop. “The signing of the contract for the basic engineering of the mill is the next step”, the company CEO…
DetailsCoal mining in Ukraine (not taking into account the temporary occupied territory of Crimea and Sevastopol, as well as the ATO zone) in July decreased by 26.9% YoY, to 1.9 million tons. According to the State Statistics Service, coal mining also dropped by 1.9% MoM. (Ukrainian metal)
DetailsBeringpromugol (subsidiary of Australia’s Tigers Realm Coal), which is an anchor resident of the Priority Development Area Beringovsky (Beringovsky PDA) in Chukotka, is going to build a coal processing plant in the framework of the Amaam field development project by 2019, press center of the Ministry for the Development of the Russian Far East cites…
DetailsThe Insulation Pipe Works has finished delivering insulated pipes and fittings for T Plus Group. The pipes will be used to construct heating network in the cities of Penza, Kirov and Saratov. The length of pipes totaled 7.5 km. (Ukrainian metal)
DetailsRussia supplies some 10 million tons of coal to Ukraine annually and intends to retain the market. “I don’t think that the first coal batch from US will affect us. Mostly because we supply coking coal for metal enterprises. Ukraine used to get the power-generating coal from the DPR and LPR (Russia-created terrorist organizations of…
DetailsAccording to Ukrmetallurgprom president Alexander Kalenkov, the situation with provision of mining and metal companies with railroad cars is stable – it’s still bad. “In 10 days, despite our efforts to improve situation, the progress in railroad car supplies is mostly unseen – the same 18%”, he said. He noted that while some companies could…
DetailsZoloto Kamchatki, a part of Russian multi-industry holding Renova Group, plans to invest 22.3 billion rubles in the development of the Kumroch gold deposit in the Kamchatka region and construction of a mining and processing plant. At present, the first stage of the plant is being designed. The gold mill is to have an annual…
DetailsThree uranium tailings in Kyrgyzstan will be subject to reclamation, liquidation and conservation. This is reported by the company RosRAO. According to it, on August 22, RosRAO State Enterprise (“Rosatom” State Corporation) was selected as the winner in a tender for work at three tailing sites in Kyrgyzstan: Tuyuk-Suu (liquidation), Dalneye (conservation) and Kaji-Sai (recultivation).…
DetailsIn January-July Ukraine exported 22.687 million tons of iron ore and concentrate valued at $1.545 billion. According to the State Fiscal Service, iron ore and concentrate share in the total export in monetary terms was 6.5%. China imported the most – $442.523 million (28.6%), Poland – $165.157 million (10.7%) and Slovakia – $163.31 million (10.6%).…
DetailsChernomorsky Shipbuilding Works has shipped a lined barrel mixer to Mariupol Ilyich Iron and Steel Works. The diameter of the mixer is 2.8 meters, and its length is 10 meters. It is used in sinter manufacture for sinter caking before blast furnace processes. To produce the mixer the company used 80 tons of rolled metal.…
DetailsOn August 21 Lviviugol received 30 million UAH from the coal sale. The money was spent to pay July salary to miners. According to the Lviv state regional administration fuel and energy saving department, the miners received 54% of their salary. (Ukrainian metal)
DetailsIn April-June Lysva Iron and Steel Works received 217.9 million rubles of net losses. Losses in Q1 totaled 57 million rubles. Thus, in H1 the works received 275.2 million rubles of losses against 20 million rubles of net profit in H1 2016. Sales earned the works some 2.79 billion rubles, up by 3% YoY. In…
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