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Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…
DetailsThe Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on April 28, during which the agenda for the Annual General Shareholder Meeting (AGM) to be held on June 2, was approved. The list of persons entitled to participate at the AGM…
DetailsShareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company. The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision. The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)
DetailsPrivolnyanskaya mine has resumed coal mining. According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped. On April 17, the mine yielded the first coal. (Ukrainian metal)
DetailsIn January-March Donetskstal received 1.1 billion UAH of profits, having increased its net income by 76.46%, or by 2.3 billion UAH, to 5.37 billion UAH. In Q1 2016 the net loss of the company amounted to 1.66 billion UAH, while for the whole 2016 the company received 2.28 billion UAH of losses, down 2.7-fold YoY.…
DetailsIn January-February Donetsk region exported $614.9 million worth of goods, up by 58.6% YoY. The region exported to 69 countries. Italy was the main importer with $115.3 million, up by 53.7% YoY, followed by Russia ($103.9 million, up 2.6-fold), Turkey ($52.3 million, up by 24%) and USA ($46.2 million, up 2.1-fold). Ferrous metals exports brought…
DetailsIn March pig iron output decreased by 23.3%, steel semi-finished products – by 35.2%, ferrous rolled metal – by 8.4%, all YoY. Steel semis are one of the most popular export products in Ukraine. Pig iron is also often exported to US and Italy. Steel output increased by 9%. Coal mining dropped by 17.7% YoY.…
DetailsKolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…
DetailsIn January-March Nornickel produced 53 thousand tons of nickel, down by 16% YoY. According to the company statement, the main reasons for the decline were the shut down of a nickel works in Q3 2016, modernization of Talnakh Processing Factory and the increase of nickel raw materials volumes, sent to Kola and Norilsk Nickel Harjavalta…
DetailsRusal has put into operation a new autoclave battery at Ural Aluminum Works. Investments totaled 1.1 billion rubles. The new battery will allow UAZ to increase alumina output by 130 thousand tons, to 900 thousand tons per year. The machinery will improve the safety of the manufacturing process and increase energy efficiency, resulting in the…
DetailsBeloretsk Iron and Steel Works intends to regain its position on the market of stainless wire. According to the company statement, in addition to cooperating with electrode works, BMK works with spring works, to which it supplies wire of other steel grades. (Ukrainian metal)
DetailsThe Donetsk People’s Republic militants report that the Khartsyzsk Wire Works Silur has resumed operation. According to the Silur “director” Ivan Ivantsov, the works has orders both for local delivery and for exports. “We have raw materials, and we have orders. Our main product is ropes”, he said. In early April the Makeevka subsidiary of…
DetailsDTEK forecasts that in 2017 Donbass mines on the uncontrolled territories taken from the company will decrease coal output 2-3-fold, to 4.4-5.6 million tons. The output plan for Komsomolets Donbassa, Sverdlovantrazit and Rovenkiantrazit mines this year was 12 million tons. The Starobeshevskaya TPP consumes some 2 million tons of coal per year, and the probable…
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