The bid book for the secondary public offering of Russian oil and gas pipe producer TMK was oversubscribed under the current guidance range, a banking source reported. The company guided investors for a pre-market placement price of 74.5 rubles per security. The bid book will be closed at 7.00 p.m. Moscow time on February 7,…
DetailsIn 2016 Ukrainian coal mining companies produced 40.9 million tons of coal, up by 1.119 million tons, or by 2.8% YoY. At the same time state-owned mines saw a significant decrease in production, the Energy and Coal Industry Ministry’s press service reports. In particular, coalmining companies produced 32.5 million tons of steam coal and 8.4…
DetailsIn 2016 Mariupol Ilyich Iron and Steel Works spent 1.647 billion UAH on its technical modernization. Strategic investment projects cost the company 894 million UAH. “That’s the reconstruction of the gas-purifying equipment in the sintering factory (259 million UAH) and the second converter (136 million UAH), overhaul of the blast furnace No. 4 (334 million…
DetailsIn 2016 Poltava Mining and Processing Works exported 11.416 million tons of iron ore pellets. Most pellets were exported to Europe and Near East, as well as Japan, China and Korea. Karelsky Okatysh (Russia) exported 4.941 million tons of pellets, Central GOK (Ukraine) – 2.21 million tons, Mikhailovsky GOK (Russia) – 2.161 million tons, and…
DetailsWithin the 2017 investment program the Central Mining and Processing Works has put two large BelAZ cargo trucks and a Komatsu bulldozer into operation. The new machines will be operating at the Petrovsky quarry. “We started renewing our trucks last year. In summer 2016 we bought 6 BelAZs, and 4 more in December 2016. This…
DetailsIn January Zaporizhstal produced 287.7 thousand tons of pig iron, 326.2 thousand tons of steel and 270 thousand tons of rolled metal. This is all down by 58%, 27.5% and by 31.4% YoY respectively. The decrease in the January output has to do with the major overhaul of the blast furnace No. 3 for 150…
DetailsMariupol Ilyich Iron and Steel Works has put one more blast furnace into operation following the shut down due to the problems with coke delivery. After the Russia-supported terrorists started shelling Avdiivka, the works shut down two of its four blast furnaces. “At present we have 3 blast furnaces operating, and we hope to be…
DetailsSeverstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased by 7.5% YoY, to $5,916 million, primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as a result of the net decline in global benchmarks and a marginal decline in sales volumes.…
DetailsIn 2016 the Vysochaishy Group of Companies produced 5.1 tons of gold, down by 10% YoY. The highest results were reached at Golets Vysochaishy and Ykanskoye deposits in Irkutsk region – 4.8 tons of gold. Bolshoy Kuranakh in Yakutia yielded 308 kg of gold. Despite the decrease in output sales increased by 6% YoY, to…
DetailsIn January Ukrainian metal companies produced 2.103 million tons of carbon steel, up by 4.4% MoM and by 8.5% YoY. This is the highest result since May 2016. At the same time pig iron output decreased by 0.3% YoY, to 1.914 million tons, while that of rolled metal increased by 9.8% YoY, to 1.855 million…
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