Ukraine: Metinvest to sell Donetskkoks assets for 68 million UAH

Metinvest decided to shut down Donetskkoks on the temporarily uncontrolled territory of Ukraine because of the inability to secure its profitable operation. The decision to liquidate the company was taken on March 29. All the shareholders voted in favor. After all the creditors’ claims have been satisfied, the company might have some assets valued at…

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Russia: Magnezit profit up in 2017

In 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY.

In 2016 the net profit totaled 38 million rubles.

Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles.

Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)

Russia: Norilsk Nickel to spend 1 billion rubles on geological survey in 2018

Russian metals giant Norilsk Nickel plans to spend over 1 billion rubles on geological exploration in 2018, Vice President Yelena Bezdenezhnykh said.

“This year investments are 13% higher than in 2017 in terms of geological exploration volumes,” she said. “This is over 1 billion rubles.” (Prime/Ukrainian metal)

Ukraine: Mariupol Ilyich receives new machinery for CCM construction

Mariupol Ilyich Iron and Steel Works has received new machinery for the construction of the continuous casting machine. According to the company statement, the new machine will produce premium slabs. The cost of the equipment is $150 million. The Primetals Technologies machine will ensure the environmental safety of the operation. The project to reconstruct the…

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Ukraine: AMKR allocates funds for environmental projects in Kriviy Rih and Dnipropetrovsk region

PJSC ArcelorMittal Kriviy Rih will allocate 8 million UAH for environmental projects implementation in Kriviy Rih and Dnipropetrovsk region. These projects are included into city and regional programs aimed at environmental issues elimination and environment conditions improvement. PJSC ArcelorMittal Kriviy Rih will finance implementation of new dust suppression technologies on dumps and industrial sites, purchase…

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Ukraine: Metinvest to liquidate Donetskkoks

At the meeting on March 29 shareholders of Donetskkoks decided to liquidate the company.

In 2017 Donetskkoks decreased losses 11-fold YoY, to 2.5 million UAH.

Metinvest reported on the threat of losing control over operation of its enterprises in the Russia-seized lands of Donbass, including over Donetskkoks, on March 15, 2017. (Ukrainian metal)