Out of 25 million tons of coal, used by Ukrainian power plants in 2016 anthracite accounted for only 9 million tons, with just 400 thousand purchased abroad, the people’s deputy, the Rada committee on the fuel and energy issues secretary Viktoria Voynitskaya reported. Thus the “Rotterdam+” formula, supported by the Petr Poroshenko team, does not…Details
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Shareholders of the Azovstal Iron and Steel Works intend to spend all the net profits from 2016 and a part of profit from 2014 to pay dividends. According to the shareholders’ decision, they plan to spend 558.417 UAH of net profit for 2016 (0.13352461 UAH per ordinary share), as well as 915 million UAH of…Details
The Ministry of energy and coal ministry on its next meeting has to present its strategy of the mine development. “We have to finally create our own program of restructuring and modernizing mines and the coalmining industry. We didn’t have such a program before. I suggested creating a strategy of the mines development”, the Prime…Details
In 2016 the net profits of Raspadskaya, one of the largest coking coal producers in Russia, reached $185 million as opposed to $126 million of losses in 2015. Raspadskaya is the only industrial territorial complex on coal mining and processing in the Kemerovo region. It has licenses to mine on the vast coal deposits to…Details
In 2016 Energomashspetsstal received 1497.9 million UAH of losses, down 2.1-fold YoY. According to the company statement, in 2015 its net losses increased by 21% YoY, to 3210 million UAH. In 2016 the company assets decreased by 5.4% YoY, to 4054 million UAH, including accounts receivable by 8%, to 350.81 million UAH, with current liabilities…Details
Pobuzhye Ferronickel Plant, a part of Solway, could resume the imports of power-generating coal from Colombia in case the deliveries from Ukraine and CIS countries are blocked. “We have created a data base on coals. Colombian coal fits our technology well, but it’s an alternative variant”, he said. According to Bespalov, if deliveries of Ukrainian,…Details
The Prime Minister of Ukraine Vladimir Groysman believes that the government could start buying coal from USA, Australia and South Africa. “We will buy it for foreign currency. Either from the US, or from Australia, or from the South Africa. This is very serious”, he said. According to him in its time the government of…Details
On March 20, after an overhaul the Volgograd Iron and Steel Works “Krasniy Oktyabr” put into operation its arc-furnace No. 5. The furnace was halted for repairs in September 2016. The outdated transformer machinery was disassembled and the new transformer by ABB Transformer AB (Sweden) assembled in the furnace. The repair will improve the furnace…Details
The Chelyabinsk Pipe Plant has opened a book of inquiries for 7-year bonds in the volume of 5 billion rubles. The demand on behalf of 25 companies exceeded 8 billion rubles. According to the company statement, the bonds have an interest rate of 9.7%. The bonds will be placed on March 30, at the Moscow…Details
Since 2014 investments into the mining industry of the Khabarovsk region totaled 16 billion rubles. Belaya Gora Mining and Processing Works increased ore processing by 10% in 2 years. In 2016 Polymetal put into operation a GOK at the Svetloye deposits. Amur Zoloto LLC has resumed operation at the Yubileinaya gold factory, and the Ayano-Maysk…Details
In January-February Russia increased raw copper output by 1% YoY. According to the Federal Service of State Statistics, copper alloys output dropped by 18.7%, rods and sections – by 37.3%, but wire production rose by 38.3%, and foil – by 80.2%. (Ukrainian metal)Details
The Noginsk Pipe-Section Works has started manufacturing a new type of product: arc-welded section pipes with 110x110x6 mm size of 09G2S steel and 55x55x2 mm of 3SP. The first products have been manufactured for the end customer. In future NTPZ intends to produce such pipes on regular basis. (Ukrainian metal)Details
In 2016 the United Metal Company was named the best Russian pipe manufacturer for oil-and-gas industry. According to the company marketing and strategy director Ilya Kolomiets, the title was the result of a questionnaire poll of over 30 companies representing the industry, including Gazprom, Gazprom neft, Surgutneftegas, Sibur, etc. The award was presented at the…Details