Ukraine: Kremniypolymer and ZTMK owe 0.5 billion UAH for electricity

In addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…

Details

Russia has enough coking coal for 25 years

Russia has enough coking coal for 25 years, the minister of energy Alexander Novak declared.

“Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)

Russia: OMK to receive Danieli machinery

United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…

Details

Russia: Ural Steel repairs casting machine No. 3

Ural Steel, a part of Metalloinvest, has in advance finished the scheduled capital repair of the furnace shop casting machine No. 3.

The shop operates 5 casting machines. Each of them undergoes an overhaul every three years according to the schedule. Repairmen have 30 days to conduct all the work. (Ukrainian metal)

Russia: Mechel IFRS net profit up in Q1 2017

The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…

Details

Russia: Rusal saves on electricity consumption

In January-April Rusal saved 25.56 million rubles by decreasing electricity consumption. The company is one of the developers and initiators of implementation of a new mechanism in electricity consumption in Russia and the only company to participate in the program of the price-dependant decrease of electricity consumption, having joined it in 2017. The mechanism presupposes…

Details

Kyrgyzstan: gold bars of Kara-Balta refinery meet international standards

Gold bars of Kara-Balta refinery meet international standards. This is confirmed by a special LBMA certificate issued to the enterprise. As the press service of Kyrgyzaltyn OJSC reported, the refining plant has successfully passed certification according to LBMA standards (London Bullion Market Association). The document confirms that, since 2016, the production at the refinery has…

Details

Russia: BMK provides Mechel with 5-year loan

Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles.

The companies do not disclose the conditions of the deal.

The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)

Russia: RMK modernizing Karabashmed

Karabashmed, a part of the Russia Copper Company, has started assembling the new automated copper-pouring line and three new converters with the volume of 150 tons each. The modernization of the machinery will increase the company capacity to 150 thousand tons of copper per year. Karabashmed will also reconstruct its power shop and the oxygen…

Details