The Ural Mining and Metallurgical Company intends to increase copper output to 380 thousand tons per year in 3-5 years. According to the UMMC CEO Andrey Kositsyn, in 2016 the company output dropped by 5% YoY, to 350 thousand tons, or some 40% of all the copper production in Russia. The reason is the decrease…
DetailsIn 2016 Uralskaya Kuznitsa (Ural Foundry, a part of Mechel) decreased net profits and increased receivables. In 2015 UralKuz received 2.6 billion rubles of net profits, while last year it dropped to 1.9 billion rubles. Sales profits fell to 1 billion rubles from 1.4 billion. The revenue decreased slightly – by 37.7 million rubles (from…
DetailsIn 2016 the Northeastern manufacturing and geological enterprise (Magadan, a part of the state holding Rosgeologia) finished the second of the three stages of prospecting for gold at the Kim-Tyubelyakh site. The contract, concluded in 2015 and financed by the state, presupposes handing over the final geological report on the site to the customer by…
DetailsThe Industrial Union of Donbass has enumerated its financial and manufacturing losses (of Alchevsk, Dneporvsky Iron and Steel Works, as well as steel plants in Europe) because of the Donbass railroad blockade from February 13 till March 6. During this period of forced idleness Alchevsk Iron and Steel Works did not produce 128.1 thousand tons…
DetailsThe regional division of the Independent Miners Union in Chervonograd decided to stop supplying coal from all Lvivugol mines until their demands were fulfilled. The demands were addressed to the Prime Minister Vladimir Groysman, the head of the Ministry of energy and coal industry Igor Nasalik and the chairman of the Lviv regional state administration…
DetailsIn January-February Russian coal exports climbed by 7.5% YoY, to 27.86 million tons, the Ministry of Energy statistics said. In February, Russia exported 13,384,600 tons of coal. Coal production in January-February totaled 65,591,400 tons including 59,557,800 tons supplied. (Portnews/Ukrainian metal)
DetailsThe energy supply to the town of Avdiivka and the Avdiivka Coke and Chemical Works has been resumed. “We have just restored the electricity line in Avdiivka. Reported to the president. Current went to the town and the coke works”, the Donetsk regional military-civilian administration chairman Pavel Zhebrivsky wrote on his Facebook page. As has…
DetailsThe initiative to prohibit coal imports from Russia could lead to the creation of a new scheme of coal deliveries from the temporarily uncontrolled territories. According to the political scientist Alexei Yakubin, deliveries from uncontrolled territories will not be stopped, but the scheme will change. “Ukraine has no alternatives to the coal mined there. So…
DetailsThe first and the main manufacturing site of the Engels Pipe Works (ETZ) has been sold to the Engels Pipe-Rolling Works (ETPZ) for 104.8 million rubles. ETPZ also purchased the right to claim receivables. The right for 444.8 million rubles was purchased for the mere 9.1 million rubles. It should be noted that the ETPZ…
DetailsIran plans to buy 950 tons of uranium concentrate from Kazakhstan. The delivery is scheduled in two batches – 650 tons by installments during the first two years of cooperation and 300 tons in the final year. The processed uranium will be returned to Kazakhstan. If the deal is struck, Iran will become an important…
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