Metinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…Details
DTEK Burshtyn TPP has imposed limitations on coal deliveries from state mines. According to the minister of energy and coal industry Igor Nasalik, there is no shortage of G and D grade coal, mined in the western regions, but there could be problems with sales. “Gas-coal stocks increase each day”, he noted. On March 31,…Details
The Federal Antimonopoly Service has stopped investigation in Mechel, Severstal and Evraz alleged increase of rebars prices. Last summer constructors and machine-builders applied to FAS as to the drastic increase in metal prices, in particular, of rebars (by 34-103% from December 2015 till May 2016). The service started investigating the matter in July 2016, suspecting…Details
In January-March UGOK produced 3.038 million tons of iron ore concentrate, up by 11.9% YoY.
According to the company statement, iron ore sinter production increased by 14%, to 450.8 thousand tons.
In March UGOK produced 1.05 million tons of concentrate, up by 13.4% YoY, sinter output dropped by 12.9%, to 111.9 thousand tons. (Ukrainian metal)
The UMG Resource company, which specializes in industrial waste management, in 2016 increased its revenue from the sales of ash-slag materials by 47.5% YoY, to 149 million UAH. Sales of ash-slag materials (fly ash, wet fly ash, slag, ash slag) increased by 38.7%, to 480,000 tons. Products were dispatched from the DTEK’s thermal power plants…Details
The Prime Minister of the Republic of Tatarstan Ildar Khalikov has met the representatives of the Gemont company (Turkey) and discussed the prospects of further cooperation. In particular the parties discussed the creation of a metallurgical works to produce rolled sheet. The project has been developed by Gemont, which specializes in manufacture and assembly of…Details
In 2015 the state enterprise Vostochniy Mining and Processing Works increased uranium concentrate output by 5.8% YoY, or by 54 tons, to 980 tons, in 2016 – by 2.6%, to 1005.1 tons. The Ministry of energy and coal industry expects that in 2017 VostGOK will increase concentrate output by 21.5% YoY, or by 215.9 tons,…Details
In 2016 the state enterprise Vostochniy Mining and Processing Works increased its net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the Ministry of energy and coal industry, the company net income in 2016 dropped by 5.8%, or by 164.107 million UAH, to 2680.422 million UAH, while its bulk…Details
In the first quarter of 2017 Ukraine decreased carbon steel output by 7.9% YoY, to 5.596 million tons. This is the minimal level since March 2015. Pig iron manufacture dropped by 13.6% YoY, to 5.054 million tons, that of rolled metal – by 8.1%, to 4.909 million tons. Metallurgical coke output decreased by 21.4%, to…Details
Russian Copper Company (RCC) intends to invest 670 million rubles to boost production at its Kyshtym copper and electrolytic facility, the company said in a statement on April 3. A project to upgrade the copper electrolysis unit will be finished in January 2018 and will need 380 million rubles of investment while 288 million rubles…Details
Ukraine seeks to import 2.5-3 million tons of anthracite from the United States, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “We have received information that we can supply around 2.5-3 million tons of coal from the United States. I as minister has sent a letter to the U.S. Department of State asking…Details
In March Zaporizhstal produced 325 thousand tons of steel, up by 9.2% YoY. According to the company statement, pig iron output increased by 6.7%, to 286.5 thousand tons, rolled metal – dropped by 3.1%, to 273.3 thousand tons. In Q1 Zaporizhstal produced 825.5 thousand tons of pig iron, 944.5 thousand tons of steel and 790.3…Details
The Amur artel has decreased its output plan because of the thinning of deposits. This year the new platinum output target is 1400 kg, down from 1526 kg in 2016. The constant decrease in Konder deposits output has been observed for several years. In 2014 the artel yielded 3794 kg of platinum, in 2015 –…Details
The state gas-extracting company Ukrgazdobycha has agreed with Interpipe on the delivery of 12597 tons of casing pipes for 720.487 million UAH. The company will supply 880 tons of 508 mm casing pipes valued at 94.977 million UAH, 7886 tons of 632-80 casing pipes for 386.5 million UAH, 3505 tons of Premium class casing pipes…Details
On March 31, PJSC MMC Norilsk Nickel signed an agreement to sell its equity interest in the company, which owned the Legion TI Business Center, to RCP Investments Ltd for the total consideration amount of approximately $100 million. As part of Nornickel’s non-core assets disposal program, the company’s Board of Directors approved the transaction on…Details
It is not profitable to use Kazakh coal after the modernization of Bishkek HPP, the expert Rasul Umbetaliev said on April 3. According to him, the government offers Electric stations JSC to purchase 550,000 tons of Kazakh coal. Chairman of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliev has repeatedly stated that…Details
The design time of the tailing dump and the gold processing plant at Jerooy will be extended until August, the chairman of the State Committee for Industry, Energy and Subsoil Use Duyshenbek Zilaliev said at the meeting with the residents of Talas region. Talas town hosted a discussion on the development of Jerooy deposit located…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of petroleum valued at 11.760 million UAH. By the end of the year the company will have supplied 417 tons of A-92 Euro petroleum at 28.2 thousand UAH per ton. The current wholesale price of A-95 petroleum is…Details
In 2016 Kharkiv Coke Works received 1.511 million UAH of net profits, down 5.1-fold YoY. According to the company statement, its undistributed profits totaled 30.128 million UAH. In 2016 KhKZ increased current liabilities by 36.3%, to 472.47 million UAH, fixed liabilities – by 13.3%, to 470.385 million UAH. The company assets increased by 20%, to…Details
On March 28, the mine group Pervomaiskoye mined the first million tons of coal this year – the second among DTEK enterprises. This year the result was achieved one month earlier than last year and two weeks ahead of schedule. The high result was achieved thanks to the timely putting of long faces into operation.…Details
On March 28, the state enterprise Lvivugol received 11.8 million UAH of state financial support.
All the money was spent to pay salary to the miners.
According to the Lviv regional state administration department of fuel-energy complex and energy saving, thanks to this support, the February salary was paid in full. (Ukrainian metal)
According to the National Statistics Office, in January-February the trade volume with Turkey, the country’s main trade partner, reached $198.39 million, including $35.04 million of exports (up by 17.3% YoY) and $163.35 million of imports (down by 3.5%). Non-alloyed steel and pig iron semi-finished products exports occupied the third position in the total Georgian exports…Details