In January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…Details
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MidUral Group presented its 2016 results. Klyuchevsky Ferroalloys Works sold 16.3 thousand tons of ferroalloys and ligatures, including 7.9 thousand tons of metallic chromium, up by 17%, 5.7 thousand tons of ferrochromium, down by 11%, and 1.757 tons of other ferroalloys and ligatures, up by 28%. The company also shipped 35.1 thousand tons of slag…Details
The Directorate General of Anti-Dumping and Allied Duties of India (DGAD) recommends imposing 5-year duties on some types of cold-rolled metal originating or imported from Ukraine, as well as China, Korea and Japan. The duty volume is the difference between the landed value and $576 per ton. The decision impacts cold-rolled metal of alloyed and…Details
Ukraine in the conditions of halting supplies of anthracite from areas that are not under control of the government in the anti-terrorist operation (ATO) zone would cut consumption of anthracite and will cover its shortage thanks to diversified imports, refusing to ship coal from Russia, Ukrainian Prime Minister Volodymyr Groysman has said. “Of course, we…Details
In H2 2017 Raspadskaya will clear $170-180 million of its debt and could ponder the long-term clearing during the year on the background of high coal prices. “We want to clear some $180 million of Raspadskaya debt. If there is enough free money, we could clear it quicker”, the company CEO Sergey Stepanov said. As…Details
In 2016 Corum Group increased its revenue by 18.9% YoY, to 2.059 billion UAH. According to the company statement, its EBITDA came off the negative level and reached 105.4 million UAH. Contracts totaled 2.445 billion UAH, up by 32% YoY. The company loan portfolio decreased almost 2-fold, to 1.08 billion UAH. Sales increased by 18.9%.…Details
Salary debts to state miners total 410 million UAH. According to the chairman of the Independent Miners Union Mikhail Volynets, unions are negotiating clearing the debts with the officials. This debt equals a monthly salary fund. The debt accumulated in 2015 and 2016. Officials promised to help. (Ukrainian metal)Details
In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…Details
On April 8-9, the cities of Shakhty and Rostov-on-Don witnessed strikes as to the situation on the Rostov Electrometallurgical Works, which stopped paying salary to its employees in January. The employees protested against the violation of the labor legislation. They addressed the local authorities asking them to deal with the REMZ owner Vadim Varshavsky and…Details
Ryazan Pipe Works is developing manufacture at its RTZ-Ural site in the Republic of Bashkiria. The Bashkiria plant has been working for 6 years and in January-March produced 10.5 thousand tons of electric-welding pipes, up by 30% YoY. In March the plant shipped 3 thousand tons of pipes to customers. (Ukrainian metal)Details
The Miorsk Metal-Rolling Works, being constructed, has ordered all the necessary equipment, including annealing mill, cold-rolling mill, packaging machines, etc. The first stage will see the capacity of the works at 150 thousand tons of tin-plate per year, growing to 240 thousand tons on stage two. The machinery will be put into operation in H2…Details
In January-March Russian Coal mined 4.045 million tons of coal, up by 8% YoY. The highest growth in output was demonstrated by the enterprises of Krasnoyarskkraiugol – up by 16%. The company explains this with the high demand from the Asia-Pacific region. “Despite the decrease in coal consumption in Europe, the demand for this fuel…Details
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsky Pipe Works, took place in Moscow. In March large-diameter pipes produced by Zagorsky Pipe Works, namely electric-welded longitudinal steel pipes with a diameter of 1,020 to 1,422 mm, were included in the register of pipe products…Details