Evraz has shipped 10 thousand tons of I-beams produced by Evraz NTMK for the construction of ZapSibNeftekhim works. “We intend to intensify our work in the region. The huge volumes of the project demand maximum attention and quick operation”, Evraz Metal Inprom CEO Sergey Sintsov declared. ZapSibNeftekhim is being constructed in Tobolsk, so the rolled…
DetailsIn January-March Uchaly Mining and Processing Works, a part of UMMC, received 560.8 million rubles of net profits, down 2-fold YoY. The company earnings dropped by 1.2%, to 5.4 billion rubles, while the product cost price increased by 20.7%, to 4.1 billion rubles. Uchaly GOK sells copper and zinc concentrates. The company accounts payable increased…
DetailsKabardino-Balkaria will see the construction of a new hydrometallurgical works. According to the local Ministry of industry and trade, the works with the capacity of 4 thousand tons per year will process tungsten concentrates, as well as tungsten- and molybdenum-containing products. Chemically clean tungsten oxides will be supplied to the local market. The project will…
DetailsIn 2017 Noginsk Pipe-Section Works started producing new pipes (electric-welded pipes of 55×55 and 110×110 mm), a new mill also was put into operation (for square pipes of 15×15 and 40×40 mm and rectangular pipes of 15×60 mm). As the result now the company is capable of producing pipes from 10×10 to 120×120 mm. At…
DetailsAdditional revenue of the budget from the scrap export duty increase to 30 euro per ton exceeded 1 billion UAH. “One billion is a very pessimistic estimate of additional income of the budget. We believed that one ton of scrap processed and sold yields 7-8-fold more than just scrap”, Ukrmetallurgprom president Alexander Kalenkov said. According…
DetailsUkraine’s Cabinet of Ministers decided to resume licensing of anthracite exports in 2017 in consultation with Ukraine’s Energy and Coal Industry Ministry to overcome crisis in the energy sector linked to termination of anthracite supplies from Ukrainian government uncontrolled territories of Donbas. “The resolution is intended to provide for a balance on domestic market, prevent…
DetailsAn American working group on the issue of coal deliveries will arrive in Ukraine. “On May 23 the American group will come”, the minister of energy and coal industry Igor Nasalik declared. At the same time he noted that Ukraine would not be using anthracite coal in May and June. (Ukrainian metal)
DetailsPresidential envoy to the Siberian Federal District Sergei Menyailo has urgently departed for the Zabaikalsky region, where miners began a strike on May 18, a regional information center said in a statement. The Yugo-Zapadnaya gold mine, belonging to Darasunsky Rudnik, saw 81 workers refusing to leave the mine because of alleged wage arrears for April.…
DetailsIn January-March TMK received $42 million of net profits, up 3-fold YoY. According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million. The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)
DetailsIn January-April coal companies of Kemerovo region mined 77.3 million tons of coal, up by 8% YoY. According to the regional state administration, power-generating coal output totaled 56.7 million tons, up by 10.5%, and coking coal output remained on the 2016 level (20.6 million tons). (Ukrainian metal)
DetailsA new Chetra T-40 bulldozer, produced by Chetra-Industrial Machines, has been supplied to Mikhailovsky Mining and Processing Works. This is an exclusive bulldozer, as the company has only produced 37 of them. And they are already operating in Japan, Kazakhstan, Kemerovo region, etc. (Ukrainian metal)
DetailsIn January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…
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