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The authorities of the Jewish Autonomous District intend to expand the borders of the Amuro-Khinganskaya Territory of Advanced Development. The territory was created in 2016. One of its key residents is Dalgraphite LLC, constructing a mining works to process graphite ores. The expansion of the territory is needed to attract new investors. Among them is…
DetailsZagorsky Pipe Works has passed all the stages of voluntary certification and has received the final certificate for pipes with inner coating. The company has received the Intergazcert certificate according to scheme 1a, which is used to denote the serially manufactured products according to Gazprom specifications. The certification process began in 2018. (Ukrainian metal)
DetailsUnited Metallurgical Company (OMK) subsidiary Vyksa Iron and Steel Works in Nizhniy Novgorod region increased train wheel production in 2019. At the end of the year, the total number of wheels produced was 951,000, up by 11% YoY. This is the highest number yet in the facility’s train wheel rolling history. Exports were at an…
DetailsIn December 2019 Russia exported 4 thousand tons of long-rolled aluminum, down by 19% MOM and by 33% YoY. Deliveries to Germany dropped from 645 tons to 627 tons. Exports to Kazakhstan and Belarus fell by 44% and by 28%, to 532 tons and 417 tons respectively. In 2019 exports totaled 62.5 thousand tons, down…
DetailsIn December 2019 Russia imported 110 tons of raw tin, up by 22% MoM and by 61% YoY. Deliveries from Peru, Bolivia and Belgium totaled 25, 40.8 and 20 tons respectively. Malaysia also supplied 20 tons. In 2019 imports totaled 1.2 thousand tons, up by 7% YoY. In monetary terms imports decreased by 4%. Price…
DetailsAt a meeting held on March 5, the Board of Directors of NLMK Group, a global steel company, resolved to convene its Annual General Shareholders Meeting on April 24. The Board suggested the shareholders re-elect Grigory Fedorishin as NLMK President (CEO, Chairman of the Management Board). The following BoD candidates were put forward to be…
DetailsArcelorMittal Kriviy Rih, the largest mining and smelting company in Ukraine, is the key investor of a construction project of the modern Сancer Сenter in Kriviy Rih. According to the signed three-party Memorandum with authorities the company will finance the project amounting to UAH 400 million (an equivalent of Euro 15 million), as well as…
DetailsPrime Minister Denys Shmyhal said the government transferred UAH 654 million ($26.2 million) to pay off debts on wages to miners. “We agreed and the president promised at the All-Ukrainian Miners’ Meeting to pay off half of the debts in March. Indeed, yesterday and the day before yesterday UAH 654 million were transferred to the…
DetailsIn February Russia mined 32.6 million tons of coal, down by 6.6% YoY. Deliveries to the domestic market grew by 1.4%, to 15.82 million tons, while exports fell by 12%, to 12.68 million tons, and imports increased by 3%, to 1.69 million tons. In January-February coal output decreased by 7.5% YoY, to 66.54 million tons.…
DetailsSteel wire shop of Uzbekistan Iron and Steel Works successfully met all the manufacturing targets in February. The shop produces wire with the diameter of 1.8, 2, 2.8, 3, 4, 5, 6.3 and 8 mm, which is in high demand. In February wire rod manufacture totaled 849 tons. Metal wares and electrode sites of the…
DetailsIn 2016-2019 coal mines decreased output more than 2-fold, while grants for each ton of coal grew almost 3.7-fold. “State mines decreased coal output from 6.7 million tons in 2016 to 3.5 million tons in 2019. At the same time grants went up from 246 UAH per ton to 908 UAH”, the press-service of the…
DetailsIn 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…
DetailsMariupool Ilyich Iron and Steel Works received the largest VAT reimbursement in February among metal and mining companies – 604 million UAH (673 million UAH in January). According to the State Treasury, it is followed by ArcelorMittal Kriviy Rih with 579.68 million UAH (675 million UAH). Azovstal received 421 million UAH (1.26 billion UAH), Zaporizhstal…
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