Black Iron intends to use loans, including from EBRD, to construct Shimanovskoye Mining and Processing Works. “Recently the bank has decided to invest $350 million into ArcelorMittal Kirviy Rih, which is close to our deposits”, the company said. The first stage of construction presupposes the GOK capacity of 4 million tons per year, and the…
DetailsIn January-September Chelyabinsk Pipe Rolling Works received 825.92 million rubles of net losses as opposed to 3.529 billion rubles of net profit in 9 months of 2016. According to the company statement, its earnings increased by 7.4%, to 78.686 billion rubles, sales profits dropped from 9.784 billion rubles to 4.75 billion rubles, gross profit –…
DetailsThe new owner of Dneprometiz is now its previous owner, TAS Group owner and ex-vice-prime minister Sergey Tigipko. After the sale by Severstal of its 100% on Dealzone Holding Ltd, owning 98.6% in Dneprometiz, there have been changes in the board of directors. Andrei Ryzhov and Vitaly Palabugin, representing Severstal, resigned. Instead of two more…
DetailsA resident of Min-Kush village died in an old mine in Dzhumgal district of Naryn region, the Ministry of Emergency Situations of Kyrgyzstan reported. According to it, a 61-year-old villager illegally mined coal in the old mine near Ak-Ulak field. The tunnel of the mine collapsed. Rescuers of the Ministry lifted the body from a…
DetailsRussian oil and gas pipe maker TMK expects that the U.S.’ demand for the company’s products will double to around 5 million tons in 2017, Sergei Alekseyev, director for global marketing, reported. “Thanks to the U.S. market recovery demand will be about twice as high as in 2016 and will amount to around 5 million…
DetailsIn January-August Russia exported 5.9 million tons of flat rolled metal, up by 2.56% YoY. This is also the highest volume of exports for the past 7 years. Revenue increased by 51.4%, to $3 billion, the highest in 3 years. The main consumer was Turkey (33.4%, up by 8% YoY), followed by Egypt (6.3%, +133%),…
DetailsNovovolynskaya Mine is the only new mine in Ukraine. Its construction began in early 1980s. As of 2013 it was 87% complete, but the same year construction stopped because of the strike due to the half a year salary debts to builders. The mine had to be commissioned in 2014, but it did not happen.…
DetailsRefugees who had to leave Donbass because of the Russian aggression and to find new home in other regions of Ukraine, continue contributing to its development. In particular, a businessman from Gorlovka moved to the village of Dityatki, near the Chernobyl NPP zone. There Vadim Minzyuk, who had a large enterprise in Gorlovka, created a…
DetailsIn August, according to the customs statistics, Russia exported 137.8 thousand tons of pig iron, down by 55.3% MoM and by 73% YoY. In July the results were down by 43% MoM, but up by 35.7% YoY, while in June – up by 38%, but down by 14.7% YoY. In January-August sales dropped by 20.1%…
DetailsBeloretsk Iron and Steel Works has repaired and commissioned one of the main shops – rolling mill-150. 90% of the products manufactured there are processed at the steel wire shops of BMK. All the repair work was complete in 8 days. The rolling mill-150 specializes in the manufacture of high quality wire rod with the…
DetailsThe Metal Wares Trading Company forecasts changes in prices from November 1. Construction nails will become some 5% cheaper, and wire – 2-3%. MTK believes that the price drop could be larger, but many manufacturers report decreasing output by up to 40%. Thus, the company believes the market will not repeat the sharp price fall…
DetailsThe 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…
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