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
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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
Ryazan Pipe Works is developing manufacture at its RTZ-Ural site in the Republic of Bashkiria. The Bashkiria plant has been working for 6 years and in January-March produced 10.5 thousand tons of electric-welding pipes, up by 30% YoY. In March the plant shipped 3 thousand tons of pipes to customers. (Ukrainian metal)Details
The Miorsk Metal-Rolling Works, being constructed, has ordered all the necessary equipment, including annealing mill, cold-rolling mill, packaging machines, etc. The first stage will see the capacity of the works at 150 thousand tons of tin-plate per year, growing to 240 thousand tons on stage two. The machinery will be put into operation in H2…Details
In January-March Russian Coal mined 4.045 million tons of coal, up by 8% YoY. The highest growth in output was demonstrated by the enterprises of Krasnoyarskkraiugol – up by 16%. The company explains this with the high demand from the Asia-Pacific region. “Despite the decrease in coal consumption in Europe, the demand for this fuel…Details
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsky Pipe Works, took place in Moscow. In March large-diameter pipes produced by Zagorsky Pipe Works, namely electric-welded longitudinal steel pipes with a diameter of 1,020 to 1,422 mm, were included in the register of pipe products…Details
Iron ore from Severstal could be supplied to Yenakievo and Alchevsk Iron and Steel Works, which were occupied by the terrorists organizations DPR and LPR in March. The Russian Railroads have already agreed to a 25% discount on such transportation. Iron ore raw materials will be transported from the Cherepovets-2 station in Rostov region and…Details
The president of Ukraine Petr Poroshenko suggests taking coal from Ukrainian power companies if they import it from Russia. “The next issue that the president is going to discuss with the National Security Council is the possibility of confiscating coal, which is sent from the occupied mines in Donbass to Russia, and then sold back…Details
On April 10, AREVA and Kazatomprom signed a major agreement to strengthen their long-standing cooperation in the uranium mining sector in Kazakhstan, Kazatomprom informs on its website. The official signing ceremony took place in Astana in the presence of the Minister of Energy of the Republic of Kazakhstan Kanat Bozumbayev and the Chairman of the…Details
Magadan region plans to produce 30.5 tons of gold in 2017 to hit a record high of the past years, the regional government said in a statement on April 10. “The Magadan region demonstrated a stable rise in lode gold output from 2009 through 2016. Production rose by 6.4 tons from 5.5 tons to 11.9…Details