Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…Details
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For Ukrainian TPPs to be able to work in normal mode during the winter season they need enough energy-generating coal. That is why DTEL Pavlogradugol has increased mining output at all of its mine groups in Q3 by 21%. Ternovskoye Mine Group yielded 1 million tons of coal, up by 27% QoQ, Pershotravenskoye – 1…Details
Ural Mining-Metallurgical Company has announced the merger of Electrocabel works and Kolchugino Non-Ferrous Metals Works. After all the legal procedures Kolchugtsvetmet will be managed by Cable Alliance, Electrocabel being a part of which. This decision was taken in view of the expansion of the cable business and the realization of the global program of Electrocabel…Details
In January-September Russia increased raw zinc output by 3.3% YoY. According to the Federal Service of State Statistics, in September raw zinc output dropped by 6.3% YoY and by 14.5% MoM. (Ukrainian metal)Details
In January-September KAZ Minerals produced 97.1 thousand tons of copper (in cathodes), up by 66% YoY. In Q3 the company produced 44.5 thousand tons of copper cathodes, up by 43% QoQ. KAZ Minerals increases output volumes at its Bozshakol and Aktogay works, which will allow it to reach the target of 135-145 thousand tons of…Details
In January-September Bratsk Ferroalloys Works (a part of Mechel) produced over 23 thousand tons of FS-75 ferrosilicon, up by 80% YoY. This ferrosilicon is used in the production of electric steels, as well as springs, construction and car parts. The increase was the result of the improvement of the world market situation. The company exports…Details
Since the beginning of the year Azertexnolayn has supplied 47 million manats worth of pipes to Turkmenistan. In January the company signed an agreement to supply $40 million worth of pile pipes for the construction of Turkmenbashi seaport. Another $20 million contract presupposes the delivery of pipes for water pipelines. The company is able to…Details
Mechel-Service has sold 20 million tons of metal since it has been created. Mechel-Service was founded in 2005 in Chelyabinsk, where its main supplier – Chelyabinsk Iron and Steel Works – is situated. Now the company offices are present in all the federal districts of Russia, with 57 warehouses in 42 cities. Having started with…Details
Since the year start over 300 thousand square meters of buildings have been constructed using the metal structures produced by Severstal Stalnie Resheniya. Over 2700 tons of metal structures have been produced and supplied for the construction of a tire-producing plant in Ulyanovsk. The construction ended in September. Some 450 tons of metal structures have…Details
Novolipetsk Iron and Steel Works has successfully finished the project of replacing cold-rolled metal thermal treating equipment. 15 new stands of bell furnaces have been put into operation. The new equipment will increase cold-rolled metal with increased finishing quality output by 30%, and that with the highest quality – 4-fold. Fuel usage at the new…Details
The assets of the bankrupt Aluminum Casting Works (Altai) have been put on sale once again for 504.47 million rubles, down by 16%. The auction will be held on November 28. The previous sale at 600 million rubles was canceled due to the absence of offers. The company, created in 1992, was named bankrupt in…Details
Kurilgeo, the sole gold miner in Sakhalin region, plans to mine 1.6 tons of gold at its Urup island deposits. “In January-September we mined 1.2 tons of gold and 3.5 tons of silver, receiving 1.18 tons of gold and 3.42 tons of silver. Our plan is to receive 1.6 tons of gold this year”, a…Details
Viktor Vekselberg and Leonard Blavatnik, for $700 million. Vekselberg earlier reported that his company wanted to increase the stake in RUSAL because it saw a high potential in the asset. According to one of the sources, the deal can be closed by the end of November. The money to pay for the stake will be…Details