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PJSC ArcelorMittal Kriviy Rih obtained a patent of Ukraine for elaborated method of practical use of steelmaking by-products in agriculture. Copyright protects the method of steelmaking slag usage as a fertilizer (ameliorant) for deoxidization of acidic soils and increase of harvest level of various agricultural crops. Development and application of a new method of soils…
DetailsThe military Prosecutor General’s Office of Southern region of Ukraine has proposed to the Economic Development and Trade Ministry of Ukraine to impose sanctions on Ukrainian Chemical Products (earlier Crimean Titanium, a part of Dmytro Firtash’s Group DF) in the form of temporary suspension of foreign economic operations, the ministry has reported on its website.…
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (“Metinvest”), announces that following the successful debt restructuring completed in March, international rating agencies Moody’s Investors Service (“Moody’s”) and Fitch Ratings (“Fitch”) have both upgraded Metinvest’s credit ratings to ‘Caa2’ (‘stable’ outlook) and ‘B’ (‘stable’ outlook), respectively. According to a…
DetailsThe Russian government’s commission for foreign investment control has approved the purchase of rights by CIS Mining Development Ltd to manage the Mikheyevsky ore processing facility, Andrei Tsyganov, a deputy director of the Federal Antimonopoly Service, reported. “The second deal is a purchase by CIS Mining Development Limited of rights that allow it to define…
DetailsAlexander Podkorytov, the ex-CEO of Yenakievo Iron and Steel Works, has been appointed the new CEO of Dneprovsky Iron and Steel Works. The previous DMK director Vyacheslav Mospan has been fired, but according to the unconfirmed information, he will remain working at the plant. DMK has been working at 25-30% capacity lately because of the…
DetailsIn 2016 Kraszvetmet revenues totaled 19 billion rubles, with net profits at 432 million rubles. Sales volume remained on the 2015 level. The company shares on most of the markets showed growth in 2016: by 65% on gold, by 60% on silver and by 97% on platinum. (Ukrainian metal)
DetailsMetinvest denies information in mass media of buying Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass. The group also reported canceling all its labor connections with employees on the uncontrolled territories, including the ex-CEO of Yenakievo Iron and Steel Works Alexander Podkorytov. “The contract with Podkorytov has not been prolonged.…
DetailsIn 2016 Metinvest paid over 14.1 billion UAH of taxes to budgets of all levels. According to the company statement, despite the increase in expenses and tariffs, as well as infrastructure problems and the ongoing military activity, the group was able to keep taxes paid on the level of 2015. (Ukrainian metal)
DetailsIn mid-April Rusolovo will start mining tin at its Pravourminskoye deposits in Khabarovsk krai. This year the company intends to mine 830-850 tons of tin there, last year it mined 600 tons. The Molodezhny mine yielded 70 tons of concentrate last year, its capacity being 1.5 thousand tons per year. All in all in 2017…
DetailsWithin the construction of the second stage of the copper electrolysis shop at Uralelectromed, a part of UMMC, a new machine to strip copper cathodes will be put into operation. This would be the same machine as is currently operating in the first stage of the shop, but all the work will be done by…
DetailsNLMK-Sort rebar and rolled wire mill has the capacity of 1 million tons per year. The Danieli mill can produce 6-16 m rebars and 5.5-22 mm rolled wire. A part of products (some 330 thousand tons of 5.5-6.5 rolled wire) is supplied to NLMK-Metiz, the rest is sold locally or exported. In 2017 the company…
DetailsThe Rovno commercial court of appeals has cancelled the ruling of the Commercial court of the Volyn region dated February 21, which initiated the bankruptcy of the state-run Volynugol. The state enterprise has been in the process of going bankrupt since March 2. The appeal on the bankruptcy ruling was filed by the Ministry of…
DetailsMariupol Ilyich Iron and Steel Works started manufacturing new products for the delivery to USA. “The US market is very attractive for our products. We are actively increasing the range of customers there, as well as new products. A good result for March is the cold-rolled structure steel according to ASTM A 1008/A 1008M”, the…
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