In 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…Details
Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011.
The group lost control over the plant 3 years ago.
Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018.
In February Mechel paid the last installment. (Ukrainian metal)
In 2018 Poltava Mining and Processing Works received 5.1 billion UAH of profit, up by 20.25% YoY. According to the company statement, its assets as of the end of 2018 grew by 22%, to 27.9 billion UAH. PGOK current liabilities went up by 0.032%, to 18.842 million UAH, and accounts receivable – by 23.1%, to…Details
UiPath, the creator of a leading RPA (Robotic Process Automation) platform, identified the achievements of MMK Group in the field of software robotics. The conference “RPA DAY!” dedicated to the technology of software robotics took place in early March. About 140 people attended the conference, which was organized by QIWI. Heads of RPA of large…Details
In 2018 Zaporozhye Secondary Materials Processing Works (Zaporozhye Vtormet) received 1.924 million UAH of net losses, up by 51.3% YoY. The uncovered losses as of the end of 2018 were 113.131 million UAH. The company current liabilities dropped by 1.1%, to 90.047 million UAH, and it has no fixed liabilities. The accounts receivable decreased by…Details
The investment project “Novokonstantinovskaya mine. Manufacturing capacities development” will help decrease the dependence of the domestic nuclear energy on foreign suppliers of uranium products. The project will also improve the efficiency of uranium oxide concentrate manufacture by VostGOK. In particular, the mine will increase extraction from 200 to 500 thousand tons per year, and the…Details
In February Novovolynskaya No. 9 mine fulfilled its output plan. This has happened for the first time since 2014. Last month the mine extracted over 4500 tons of coal. This allowed not only clearing salary debts to miners, but also paying bonuses. In late 2019 the mine intends to open a new long face. (Ukrainian…Details
In 2018 MMK-Metiz received 544.3 million rubles of net profit.
In 2017 the volume of its net profit was the highest – 1.26 billion rubles.
Revenue last year totaled 23.08 billion rubles, up by 13% YoY.
Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)
The Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye.
It is expected to process 3 tons of gold-containing raw materials per day.
The complex is expected to be operating for 14 years. (Ukrainian metal)
In 2018 the profit of Mechel, attributable to shareholders, reached 12.63 billion rubles, up by 9% YoY. Revenue increased by 5%, to 312.57 billion rubles, but EBITDA dropped by 7%, to 75.67 billion rubles. In the mining segment the revenue decreased by 3%, to 96.88 billion rubles, but in metal segment it grew by 9%,…Details
Nadezhdinsky Iron and Steel Works has confirmed its correspondence to the requirements of the Russian Marine Registry. The company can produce rolled metal for shipbuilding of normal A strength steel, as well as improved A32 and E36 steel grades. The company makes square billets and blooms of this steel. Last year shipbuilding companies received 1.3…Details
Kyshtym Electrolytic Copper Plant has produced 1 million tons of copper wire rod since its new shop was commissioned in 2007. Since mid-1990s the company has been producing copper wire rod using the Finnish oxygen-free technique of vertical casting. The capacity of the site was some 10 thousand tons of wire rod per year. With…Details
In January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned.
Sales grew both to the local market and abroad.
According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)
According to the Statistics Committee, in January-February Kazakhstan produced 74.1 thousand tons of copper, up by 5.4% YoY. Zinc manufacture dropped by 4%, to 52 thousand tons, and zinc concentrate output – by 31.8%, to 29.8 thousand tons. Bauxite production fell by 19.2%, and lead concentrate – by 8%. Kazakhstan extracted 126.3 tons of silver,…Details
In 2019-2022 demand for large diameter pipes in Russia will remain at the level of 1.9-2.1 million tons. According to TMK, last year pipe consumption grew by 25%, to some 2 million tons. Gazprom will be the main buyer, accounting for 63-66% of all purchases. The second largest consumer – the state company Transneft –…Details
In 2081 ArcelorMittal Kriviy Rih received $0.35 billion of net profit. Net income from the sale of goods totaled $2.5 billion. Investments last year reached $443 million. “Among the major investment projects is the construction of two new continuous casting machines ($144 million) and a complex of coke-oven batteries Nos. 5 and 6 ($160 million),…Details
Ukraine has removed sanctions from Moldova Iron and Steel Works.
Even though the works belongs to the Transnistria Moldavian Republic, but actually it is controlled by Russian Metinvest.
The works was entered into the sanctions list on June 21, 2018.
Prior to sanctions Ukraine supplied 80% of its exported scrap to the works. (Ukrainian metal)
In 2018 Metinvest purchased 23.71% of Yuzhkoks shares for $30 million. The group also bought 24.99% of Pokrovskoye mine group and Svyato-Varvarinskaya Processing Factory and 100% in Unisteel for $190 million, the latter owning the galvanizing line with the capacity of 100 thousand tons per year. “The acquisition of these shares will provide for a…Details
In 2018 Metinvest increased its sales in Ukraine by 35% YoY, to $3.34 billion. The growth was due to the increase in domestic demand. “Metal consumption in Ukraine grew by 4%, to 5.7 million tons”, the group noted. Pellets and coke sales increased by 58% and by 41% respectively. The share of Ukraine in the…Details
In 2019 VSMPO-Avisma intends to produce 35 thousand tons of titanium products, up by 4% YoY. Last year the corporation manufactured 33.7 thousand tons of titanium products, 40 thousand tons of spongy titanium and 4.5 thousand tons of aluminum. In the next 8 years (2019-2026) the enterprise intends to invest in its development some $700…Details
Rusal is finishing preparation for the construction of a pilot line to produce finely divided precipitated aluminum hydroxide with the capacity of 5 thousand tons per year at the site of the Achinsk Alumina Plant. Investments in the project will exceed 500 million rubles. Aluminum hydroxide is used in the insulation of cables for nuclear,…Details
In 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…Details
Abinsk Electrometallurgical Works intends in late 2019 to put into operation its 5th stage and start producing wire with aluminum-zinc coating. The capacity of the complex will be 24 thousand tons per year. At present there is no manufacturer of such wire in Russia. Investments in the project will total some 2.9 billion rubles. Recently…Details
From May 1, ArcelorMittal Kriviy Rih, the biggest company of mining and metallurgical complex of Ukraine, is raising salaries of all its employees and employees of its subsidiaries by 15% on average and for certain professions – up to 20%. Last year, ArcelorMittal Kriviy Rih raised the salary twice – in May and October. In…Details