Shareholders of the Azovstal Iron and Steel Works intend to spend all the net profits from 2016 and a part of profit from 2014 to pay dividends. According to the shareholders’ decision, they plan to spend 558.417 UAH of net profit for 2016 (0.13352461 UAH per ordinary share), as well as 915 million UAH of…Details
The Ministry of energy and coal ministry on its next meeting has to present its strategy of the mine development. “We have to finally create our own program of restructuring and modernizing mines and the coalmining industry. We didn’t have such a program before. I suggested creating a strategy of the mines development”, the Prime…Details
In 2016 the net profits of Raspadskaya, one of the largest coking coal producers in Russia, reached $185 million as opposed to $126 million of losses in 2015. Raspadskaya is the only industrial territorial complex on coal mining and processing in the Kemerovo region. It has licenses to mine on the vast coal deposits to…Details
In 2016 Energomashspetsstal received 1497.9 million UAH of losses, down 2.1-fold YoY. According to the company statement, in 2015 its net losses increased by 21% YoY, to 3210 million UAH. In 2016 the company assets decreased by 5.4% YoY, to 4054 million UAH, including accounts receivable by 8%, to 350.81 million UAH, with current liabilities…Details
Pobuzhye Ferronickel Plant, a part of Solway, could resume the imports of power-generating coal from Colombia in case the deliveries from Ukraine and CIS countries are blocked. “We have created a data base on coals. Colombian coal fits our technology well, but it’s an alternative variant”, he said. According to Bespalov, if deliveries of Ukrainian,…Details
The Prime Minister of Ukraine Vladimir Groysman believes that the government could start buying coal from USA, Australia and South Africa. “We will buy it for foreign currency. Either from the US, or from Australia, or from the South Africa. This is very serious”, he said. According to him in its time the government of…Details
On March 20, after an overhaul the Volgograd Iron and Steel Works “Krasniy Oktyabr” put into operation its arc-furnace No. 5. The furnace was halted for repairs in September 2016. The outdated transformer machinery was disassembled and the new transformer by ABB Transformer AB (Sweden) assembled in the furnace. The repair will improve the furnace…Details
The Chelyabinsk Pipe Plant has opened a book of inquiries for 7-year bonds in the volume of 5 billion rubles. The demand on behalf of 25 companies exceeded 8 billion rubles. According to the company statement, the bonds have an interest rate of 9.7%. The bonds will be placed on March 30, at the Moscow…Details
Since 2014 investments into the mining industry of the Khabarovsk region totaled 16 billion rubles. Belaya Gora Mining and Processing Works increased ore processing by 10% in 2 years. In 2016 Polymetal put into operation a GOK at the Svetloye deposits. Amur Zoloto LLC has resumed operation at the Yubileinaya gold factory, and the Ayano-Maysk…Details
In January-February Russia increased raw copper output by 1% YoY.
According to the Federal Service of State Statistics, copper alloys output dropped by 18.7%, rods and sections – by 37.3%, but wire production rose by 38.3%, and foil – by 80.2%. (Ukrainian metal)
The Noginsk Pipe-Section Works has started manufacturing a new type of product: arc-welded section pipes with 110x110x6 mm size of 09G2S steel and 55x55x2 mm of 3SP.
The first products have been manufactured for the end customer.
In future NTPZ intends to produce such pipes on regular basis. (Ukrainian metal)
In 2016 the United Metal Company was named the best Russian pipe manufacturer for oil-and-gas industry. According to the company marketing and strategy director Ilya Kolomiets, the title was the result of a questionnaire poll of over 30 companies representing the industry, including Gazprom, Gazprom neft, Surgutneftegas, Sibur, etc. The award was presented at the…Details
The new site of the vanadium slag fine grinding at the foundry shop of Evraz NTMK has assembled new tubular filters of the exsufflation system. The machinery guarantees the environmentally clean manufacturing process and the improvement of the labor conditions. 229 exsufflation filters have been put into operation. Over 40 tons of dust per day…Details
Techi Rus, a part of Severstal-Metiz, is increasing its manufacturing site in Cherepovets. According to the company statement, the industrial floor of 1.2 thousand square meters is being constructed. The site will be used to store raw materials and machinery to produce steel ropes. “The increase of capacities will provide us with additional opportunities. First…Details
Ukrzaliznytsia has announced a purchase of railroad rails, joint bars and rail chairs with the total cost of 2019.367 million UAH. In particular, the company will buy 63 thousand tons of railroad rails at the expected price of 1779.846 million UAH, as well as 6668 tons of chairs and 1176 tons of joint bars at…Details
Since the start of 2017 Ukraine produced 11.05 million tons of iron ore raw materials, down by 1.3 million tons YoY. In February average daily output totaled 130.2 thousand tons, up by 16.3 thousand tons MoM, with 5414.2 thousand tons produced, down by 219.3 thousand tons MoM. Severniy and Ingulets GOKs have decreased output by…Details
The Ministry of Transport and Roads and the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan can’t agree on railway tariffs for the transportation of coal, the head of the State Committee Duishenbek Zilaliyev said on March 24, at a government meeting. According to him, under the agreement on the application of unified…Details
The Cabinet of Ministers of Ukraine has exempted operations with ferrous and non-ferrous scrap metal, in particular imports, from value added tax (VAT) until January 1, 2019. The corresponding government resolution dated March 22, amends another resolution No. 15 dated January 12, 2011, which defined the list of ferrous and non-ferrous metal scrap and waste,…Details
Gold production at the Kumtor mine in 2016 was 550,960 ounces or 17,136.78 kg, Kumtor Gold Company informed. Gold sales were 546,342 ounces or 16,993.15 kg with a revenue totaling $686.4 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2016 was 8% and in the overall…Details
The Taganrog Iron and Steel Works, a part of TMK, has been visited by the Rostov region deputy governor on industry development, energy and transport Vladimir Krupin and the first deputy minister of industry and energy of the region Andrei Savelyev. Together with the managing director Sergey Bilan they have visited the arc-furnace and pipe-rolling…Details
The Beloretsk Iron and Steel Works, a part of Mechel, has concluded a contract to buy a steel rope mill in Germany. The new machinery will allow producing 22-90 mm diameter ropes used in lifting industry, bearing elements of hanging bridges, coal and mining industries, as well as ship-building and oil-and-gas extraction. At present no…Details
Norilsk Nickel has invested 4.6 billion rubles into the modernization of its port terminal in Murmansk. According to the company statement, 2.4 billion rubles were spent on construction of the second birth, which would be put into operation in late March. The increase in throughput capacity will allow Nornickel to transport all of its produce…Details
Ukraine’s government intends to ban imports of steam coal from Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk declared. “A draft resolution is currently in the pipeline. A decision will follow,” he said when answering a question about plans to ban anthracite coal imports from Russia. The draft resolution is planned to be considered…Details
In 2016 DTEK Pavlogradugol increased net profit 3-fold YoY, to 647.15 million UAH. According to the company statement, its assets cost 24.41 billion UAH, up by 17% YoY, accounts receivable were on the level of 7.51 billion UAH, up by 64% YoY. The company fixed liabilities increased from 4.72 billion UAH in late 2015 to…Details
The resumption of primary aluminum production as well as the creation of a new anode factory at the VgAZ-SUAL works will give the Volgograd region some 2.5 thousand jobs. RusHydro confirmed its readiness to discuss electricity supply to the Volgograd Aluminum Works. It was the high cost of electricity that halted the electrolysis manufacture at…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams.
The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)