Almalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…Details
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Druzhkovka Metal Wares Works will pay 33.226 million UAH of dividends, or 0.5 UAH per 1 share, from its net profit of 35.888 million UAH in 2016. The company supervisory board announced the dividends would be paid from May 10 till September 28. Last year the works increased its net profits by 3.1% YoY, to…Details
In 2016 Guryevsk Iron and Steel Works received 97 million rubles of net losses, down 4-fold YoY. In 2015 the company losses amounted to 382 million rubles, with 3.9 billion rubles in 2014. Last year revenue totaled 4.454 billion rubles, down by 15% YoY. Sales losses reached 70 million rubles as opposed to profit of…Details
In March, according to the railroad statistics, ferrous scrap deliveries to Vyksa Iron and Steel Works, a part of OMK, reached 59.8 thousand tons, down by 35% MoM, but up 50-fold YoY. In January-March VMZ received 212.7 thousand tons of scrap, the maximum volume for the past several years. This is the record volume among…Details
In January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…Details
MidUral Group presented its 2016 results. Klyuchevsky Ferroalloys Works sold 16.3 thousand tons of ferroalloys and ligatures, including 7.9 thousand tons of metallic chromium, up by 17%, 5.7 thousand tons of ferrochromium, down by 11%, and 1.757 tons of other ferroalloys and ligatures, up by 28%. The company also shipped 35.1 thousand tons of slag…Details
The Directorate General of Anti-Dumping and Allied Duties of India (DGAD) recommends imposing 5-year duties on some types of cold-rolled metal originating or imported from Ukraine, as well as China, Korea and Japan. The duty volume is the difference between the landed value and $576 per ton. The decision impacts cold-rolled metal of alloyed and…Details
Ukraine in the conditions of halting supplies of anthracite from areas that are not under control of the government in the anti-terrorist operation (ATO) zone would cut consumption of anthracite and will cover its shortage thanks to diversified imports, refusing to ship coal from Russia, Ukrainian Prime Minister Volodymyr Groysman has said. “Of course, we…Details
In H2 2017 Raspadskaya will clear $170-180 million of its debt and could ponder the long-term clearing during the year on the background of high coal prices. “We want to clear some $180 million of Raspadskaya debt. If there is enough free money, we could clear it quicker”, the company CEO Sergey Stepanov said. As…Details
In 2016 Corum Group increased its revenue by 18.9% YoY, to 2.059 billion UAH. According to the company statement, its EBITDA came off the negative level and reached 105.4 million UAH. Contracts totaled 2.445 billion UAH, up by 32% YoY. The company loan portfolio decreased almost 2-fold, to 1.08 billion UAH. Sales increased by 18.9%.…Details
Salary debts to state miners total 410 million UAH. According to the chairman of the Independent Miners Union Mikhail Volynets, unions are negotiating clearing the debts with the officials. This debt equals a monthly salary fund. The debt accumulated in 2015 and 2016. Officials promised to help. (Ukrainian metal)Details
In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…Details
On April 8-9, the cities of Shakhty and Rostov-on-Don witnessed strikes as to the situation on the Rostov Electrometallurgical Works, which stopped paying salary to its employees in January. The employees protested against the violation of the labor legislation. They addressed the local authorities asking them to deal with the REMZ owner Vadim Varshavsky and…Details