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The resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…
DetailsIn 2016 Ukrainian Mining and Metallurgical Company, one of the largest metal-selling companies of Ukraine, received 66.8 million UAH of net losses, as opposed to 51.17 million UAH of net profits in 2015. According to the company statement, its accounts receivable dropped by 4.6%, to 295.353 million UAH, but current liabilities rose by 14.4%, to…
DetailsThe project of complete modernization of the Vyksa Iron and Steel Works will require $6.94 billion worth of investments. According to the owner of the company – OMK – it plans to carry out the project in several years, without naming the specific date. The project presupposes the total modernization of the existing casing pipe…
DetailsIn 2016 KMAruda received 566 million rubles of net profits, up 1.7-fold YoY. According to the company statement its income rose by 7.9%, to 5 billion rubles. “The positive dynamics was provided by the increase in revenue and the concentrate price”, the company said. The works was also able to cut expenses by slightly decreasing…
DetailsThe board of directors of the Russian coal producer Raspadskaya has recommended paying no dividends for 2016, the company said in a statement. The board has recommended spending 6.752 billion rubles of the net profit of 12.957 billion rubles to redeem a loss of previous years and leaving the remaining 6.205 billion rubles undistributed. The…
DetailsPublic joint-stock company Ukrzaliznytsia has denied accusations of providing preferences for transit of Russian iron ore. “Now the level of transit tariffs if we compare them for similar distances for this cargo is higher by $5.6-7.5 per ton in contrast to domestic transportation. Even if the domestic tariffs are indexed, the tariff for iron ore…
DetailsDTEK plans to import about 2 million tons of coal in the second, third and fourth quarters of 2017, DTEK CEO Maksym Tymchenko said. “We see the need for more than 2 million tons of coal by the end of the year. Today one vessel has already been contracted, we expect delivery in early May.…
DetailsThe Aluminum Association hosted a seminar on the operation of the Institute of light materials and technologies. The institute has been created by Rusal. One of the main projects for the institute will be the forging technology for car industry. At present transports account for 27%, or some 4.2 million tons of aluminum consumption per…
DetailsThe Russian oil-and-gas company Novatek has announced the gathering of the information on the level of technical and manufacturing capacities of metal suppliers from Tyumen region. In particular, the company is interested in the information on the technological pipelines, pipe valves, heat-exchanging machinery, heating equipment, pipe wares, crane and lifting equipment, as well as metal…
DetailsThe authorities of the Primorsky region decided to give 250 million rubles to resume operation of the Lermontovsky Mining and Processing Works, but the order of the subsidies provision has not been settled yet. “The draft document has been developed, but not adopted. It contains some impossible conditions. For example, it states that the companies…
DetailsOut 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…
DetailsShareholders 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…
DetailsThe 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…
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