In 2016 ArcelorMittal Kriviy Rih received 2.7 billion UAH of net profits. According to the company press-service, its net income last year totaled 52.96 billion UAH, with capital investments on the level of 4.75 billion UAH. In 2016 AMKR produced 7 million tons of steel, up by 11% YoY. Such a high result has been…Details
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CEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…Details
DTEK has reported a crime to the National Police involving its loss of control over mining enterprises located in areas temporarily not controlled by Ukrainian government forces in Donetsk and Luhansk regions. “The applications were filed in accordance with Part 3 of Article 206 of the Criminal Code of Ukraine foreseeing the demand to terminate…Details
Since March 1, Donetskstal has lost control over some of its assets on the uncontrolled territory of Donetsk region. In particular the group no longer controls Donetsk Iron and Steel Works, Makeevka and Yasinovsky Coke Plants. According to the company statement, it still operates in the legal field of Ukraine and has completely distanced itself…Details
The Krasnoyarsk Aluminum Works has already decreased air pollution by 30% and intends to decrease it by 8% more by 2018. According to the company statement, this year it will put into operation a new gas-purifying machine. The company is also creating the continuous monitoring system to be put into operation in 2018. “By 2016…Details
The United Metallurgical Company (OMZ) goes on with its program of modernizing casing, compressor-pump and oil-and-gas pipes manufacture at the Vyksa Iron and Steel Works. In several years OMK will invest over 40 billion rubles into the project, including 12 billion rubles within the agreement signed with the Nizhniy Novgorod regional authorities in March 2016.…Details
In January-February StalTrans sold 5.8 thousand tons of metal wares, down by 8% YoY. Wire saw the largest drop in sales – by 18%, to 3.8 thousand tons. In March the company intends to sell around 3 thousand tons of metal wares, on the level of February. The products are shipped form the company warehouses…Details
Next week Yekaterinburg will host the Ti-2017 in CIS conference, organized by the Titanium association. The participants will discuss the current world and Russian market situation, the raw materials and mineral base, possible types of machinery to produce titanium and its semi-finished products, as well as 3D-printing of titanium wares. (Ukrainian metal)Details
Vostok Engineering ponders the possibility of processing ore from the Tomtor deposits (Yakutia) in the Chita region or Krasnoyarsk Krai. “The ore will be processed outside of Yakutia – either in the Chita region, or in the Krasnoyarsk Krai. The final decision has not been taken yet, though”, the company managing director Segrey Sergienko said.…Details
Norilsk Nickel is ready to study the offer on the Udokan deposits development in the Zabaikalie region, but the company has not received such an offer. “We have no offers so far. If we get any, we’ll discuss it”, the company CEO Vladimir Potanin said. The Udokan deposits is one of the largest copper deposits…Details
Metalloinvest is transferring its managing company from Moscow to Stariy Oskol in the Belgorod region. The town houses its main manufacturing capacities. Moscow will retain financial division, GR and marketing. The transfer has already commenced and is expected to be finished in 2018. Half of the managing company will be relocated to Stariy Oskol by…Details
An employment center for Metinvest workers from the companies on the occupied territories has started operating in Mariupol. According to Azovstal CEO Enver Tskitishvili, the Metinvest staff is a single body, despite territorial spread. Azovstal has already employed the first workers from the Yenakievo Iron and Steel Works. Other Metinvest enterprises do the same. On…Details
In January-February Chukotka region mined 3,577 tons of gold, down by 14% YoY. The overall decrease was the result of the output drop at the large gold and silver deposits of Kupol and Dvoynoye. At Kupol the Chukotka Mining and Geological Company mined 1.472 tons of gold, down by 218 kg YoY, and 19.9 tons…Details