In January-June DTEK Pavlogradugol received 656.51 million UAH of net losses, up 8.4 times YoY, or by 578.33 million UAH. According to the company statement, its net profit decreased by 0.9% YoY, or by 84.44 million UAH, to 9780.51 million UAH. In H1 2016 DTEK Pavlogradugol manufactured 5953.59 thousand tons of coal products and sold…Details
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In June manganese concentrate and sinter output went up by 18.9% MoM, or by 22.9 thousand tons, to 144.2 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-June Ukraine produced 403.8 thousand tons of manganese concentrate and sinter, down by 37.1% YoY, or by 237.8 thousand tons. (Ukrainian metal)Details
In June Ukraine exported $141.69 million worth of iron ore, while imports reached $4.5 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore in June was China ($41.78 million). In January-June Ukraine exported $817.22 million worth of iron ore, with imports at $51.47 million. (Ukrainian metal)Details
In January-June Donetskstal received 963.12 million UAH of losses, down by 69.96% YoY, or by 2.24 billion UAH. The company net income increased by 14.15% YoY, or by 775.32 million UAH, to 6.25 billion UAH. In April-June Donetskstal received 693.03 million UAH of profits, having increased its net income by 1.1% YoY, or by 35.5…Details
In June Ukraine exported $181.59 million worth of flat rolled metal, with imports on the level of $53.04 million. According to the State Fiscal Service, the main importer of Ukrainian flat rolled metal in June was Russia ($37 million). In January-June Ukraine exported $846.87 million worth of flat rolled metal, while imports totaled $239.48 million.…Details
In May Metinvest group increased its EBITDA by 29.3% MoM, or by 46 million UAH, to $203 million. The group income went up by 6.18% MoM, or by $31 million, to $533 million. In April Metinvest had EBITDA of $157 million, and $91 million in May. (Ukrainian metal)Details
Ferrexpo plc, controlling Poltava Mining and Processing Works, hopes that all the permission procedures to allow the construction of Bilanovsky Mining and Processing Works, will be completed in December. According to PGOK chairman Victor Lotous, the main problem now is the purchase of land plots. From the time the construction works start and the first…Details
KAZ Minerals company reduced the cost of the expected Aktogay copper mine project in Kazakhstan by $100 million to $2.2 billion, the company reported. “The project has benefited from the experience gained at Bozshakol mine project and from the use of local contractors following the 2015 tenge devaluation”, the company’s message said. The lowered budget…Details
Metalloinvest has redeemed its debut eurobond issue. The eurobonds for a nominal amount of $750 million were issued on the London Stock Exchange in 2011 with a five-year maturity period and an annual coupon rate of 6.5%. The redemption of the debut Eurobond issue and coupon payments were executed in full and in accordance with…Details
Throughput of Rosterminalugol in 2016 has reached 9 million tons year-to-date, the company’s press release says. The milestone ton was loaded on July 20. Rosterminalugol was established in 1996 to build and operate the coal terminal at Port of Ust-Luga. The company specializes in loading / unloading operations, freight forwarding services, building and maintenance of…Details
Azovstal Iron and Steel Works plans to have completed the construction of pulverized coal injection plant (PCI) by the end of this year and phase out natural gas for ironmaking. Pre-assembly of PCI steel structures is currently in progress. Metinvest Engineering, LLC acts as the General Contractor and the General Designer in this project. The…Details
Poltava Mining and Processing Works has decreased gas consumption by 33%, or by 5 million cubic meters, to 10 million cubic meters. According to the company chairman Victor Lotous, PGOK used sunflower seed husks instead of gas to make pellets. This allows the company to save some 50-60 million UAH annually. (Ukrainian metal)Details
In June Nikopol Ferroalloy Plant produced 51 thousand tons of silicomanganese, down by 17.3% MoM, or by 10.7 thousand tons, to 51 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, its ferromanganese output dropped by 45.8% MoM, or by 2.7 thousand tons, to 3.1 thousand tons. In January-June NZF produced 334.5 thousand tons…Details