The arbitrary court of Chelyabinsk region declared Ufaleinickel bankrupt following the claim of Rost-bank because of the debt of 202.6 million rubles.
The total debt of the company to the bank is 14.6 billion rubles.
In August the company shareholders decided to shut down Ufaleinickel. (Ukrainian metal)
Since the beginning of the year Mednogorsk Copper and Sulfur Works has sent 1136 tons of ferrous scrap valued at 12.6 million rubles to Nadezhdinsky Iron and Steel Works and Electrostal Tyumeni. The main source of scrap is disassembly of old machinery and metal structures. One of the latest objects to be disassembled and turned…
DetailsMMK has successfully confirmed the correspondence of its energy management system to the ISO 50001. The certification was obtained in September 2016. According to the company statement, the supervisory audit has confirmed that since the certification the energy management system has been corresponding to the standard and no inconsistencies have been found. The auditors have…
DetailsIn September Russia produced 6.025 million tons of steel, up by 5.8% YoY (6.226 million tons in August). In 9 months steel output totaled 54.203 million tons, up by 2.8% YoY. In September Ukraine produced 1.845 million tons of steel, down by 0.8% YoY (1.905 million tons in August). In January-September steel output totaled 16.138…
DetailsIn September Russia produced 4.26 million tons of pig iron, down by 11.9% YoY (4.4 million tons in August). In 9 months pig iron output dropped by 15.9% YoY, to 38.736 million tons. Ukraine produced 1.6 million tons of pig iron, down by 12.9% YoY (1.66 million tons in August), with 14.466 million tons in…
DetailsThe Mine named after Matrosov, a part of Polyus, has announced a tender to select a subcontractor for additional prospecting at the Natalka gold deposits. Offers are accepted through November 4. The first stage of the mining and processing works commissioning at the Natalka deposits was in September. JORC reserves of the Natalka are estimated…
DetailsAccording to the statement of the CEO and the majority shareholder Yuriy Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the growth will total 10%.…
DetailsUkrgazvydobuvannya ordered Interpipe Ukraine LLC the delivery of pipes valued at 219.5 million UAH. The company has to supply 3790 tons of casing pipes manufactured by Interpipe NTZ and Voestalpine Tubulars GmbH & Co Kg (Austria). The cost of the agreement is 5% lower than the expected cost of the purchase (232.09 million UAH). (Ukrainian…
DetailsDneprometiz has changed the board of directors. According to the company statement, the chairman of the board Sergey Kovryakov, as well as members of the board Andrei Zyshov, Vitaly Palabugin and Sergey Vinogradov resigned. Victoria Zinkevich and Oleg Zheltkov have been appointed instead. In 2016 Dneprometiz received 34.73 million UAH of profits as opposed to…
DetailsIzhorsky Pipe Works has shipped some 2.7 thousand tons of large diameter pipes for the construction of the Sila Sibiri (Power of Siberia) gas pipeline, which will connect the Russian part of the project to the Chinese gas-transporting system. ITZ has produced and supplied pipes of 1420 mm diameter of the K65 steel. “Izhorsky Works…
DetailsIzhstal has finished repairing the steel-smelting complex, producing continuous-cast billet of a wide range of steel grades. The complex produces cast billets of structural, alloyed, stainless, speed, bearing and spring steel. Its capacity is 300 thousand tons per year. It produces 80% of all the liquid steel manufactured at the works. The steel-smelting complex consists…
DetailsIn January-September Norilsk Nickel produced 157.1 thousand tons of nickel, down by 11% YoY. At the same time copper output increased by 10%, to 290.87 thousand tons, platinum remained on the same level – 493 thousand ounces, while palladium went up by 2%, to 2.03 million ounces. In Q3 the company produced 54.17 thousand tons…
DetailsDmitry Bosov, together with his partners actively developing coal business, could obtain a problem asset in Kuzbass – the Zarechnaya company with the reserves of some 400 million tons of power-generating coal. The Trade-Industrial Union LLC, connected with the Razrez Kiyzasskiy of the managing company Vostokugol (owned by Bosov and Alexander Isaev), has purchased debts…
DetailsIn January-September Norilsk Nickel decreased net profits by 23.16% YoY, to 97.706 billion rubles ($1.7 billion). According to the company statement, revenue decreased by 1.09%, to 307.314 billion rubles ($5.344 billion). Gross profit dropped by 3.6%, to 177.832 billion rubles ($3.092 billion), sales profit – by 3.74%, to 153.219 billion rubles. Profit before taxation was…
DetailsIn Q3 Raspadskaya mined 2.6 million tons of coal, down by 15% YoY. The intensification of mining operations allowed compensating for a scheduled decrease of Raspadskaya mine output. In 9 months the group yielded 8.6 million tons of coal, up by 17% YoY, mostly because of the stable operation of three long faces at the…
DetailsThe coalmine, where three local residents died, was closed a year ago, press service of the office of the government’s authorized representative in Batken region reported. Three people died of carbon monoxide poisoning in Garym area of Samarkandek rural administration. Rescuers raised their bodies from a depth of 85-92 meters. According to the representative office,…
DetailsAt a meeting on October 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q3 dividends of RUB 5.13 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 22. Q3 dividend yield will total 15.5%. NLMK Board of Directors has also recommended that the…
DetailsMirnogradugol has ordered DTK-Trading LLC the delivery of fuel valued at 10.89 million UAH. In particular the company has ordered 225 liters of A-92 Euro petrol at 25.2 UAH per liter and 225 liters of Euro-3 diesel fuel at 23.2 UAH per liter. In 2015-2016 DTK-Trading received orders from Selidovugol and Mirnogradugol for 57.91 million…
DetailsAnglo Asian Mining says it may resume operation of the Gadir mine in Q4. Ore mining at Gadir was stopped in February to carry out exploration drilling. The company is also carrying out test drilling at its Gedabek quarry prior to resuming operation in Q1 2018. Moreover AAM is examining the new Ugur deposits with…
DetailsAzerGold is looking for suppliers of crucibles for non-ferrous metals smelting.
The cost of the participation in the competition is 100 manats. The company is accepting offers until December 13. The tender procedure will be carried out on December 14.
AzerGold was created on February 11, 2015. (Ukrainian metal)
Severstal Steel Decisions has successfully been certified for the EN ISO 3834-2 and EN 1090 standards correspondence. 2451 DVS Zert GmbH carried out an audit in the city of Orel checking the welding manufacture and inner manufacturing control compliance with the international standards. The international certification has confirmed the fact that SSD manufactures products and…
DetailsChelyabinsk Zinc Works has produced 27 kg of indium of the 6N purity grade and the main element contents of 99.9999%. Earlier ChTsZ was able to produce indium of 5N (In>99.999%). The company started obtaining indium from the rotary oxide in the 1940s. At first the metal was produced as concentrate or indium sponge. In…
DetailsDmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (parts of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot-briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest’s steel…
DetailsIn August Metinvest EBITDA decreased by 1.88% MoM, or by $3 million, to $157 million. At the same time revenue grew by 1.78%, or by $13 million, to $745 million. In August the group sold 269 thousand tons of semi-finished products for $104 million, including 182 thousand tons of pig iron billets for $65 million,…
DetailsIn January-September the net losses of Mechel doubled YoY, to 11.71 billion rubles.
Revenue dropped 2.2-fold, to 5.12 billion rubles, gross profit decreased 5.2-fold, to 2.19 billion rubles.
Sales profits fell 9.5-fold, to 1.06 billion rubles.
In H1 Mechel net profit decreased by 40% YoY, to 4.994 billion rubles. (Ukrainian metal)
In 2018 DTEK Energo intends to increase coal output by 6.5% YoY, or by 1.5 million tons, to 24.5 million tons. According to the company CEO Dmitry Sakharuk, next year DTEK will put 37 new long faces into operation. The cost of each face is some 300 million UAH, thus investments will total 11.5 billion…
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