In May Metinvest increased its EBITDA by 13.24% MoM, to $154 million, having increased its earnings by 22.22%, to $737 million. According to the group report, in May it sold 262 thousand tons of semi-finished products valued at $109 million, and 425 thousand tons of other metal valued at $719 million. As well as 74…Details
On July 26 the ArcelorMittal Kriviy Rih miners, employees and the union representatives went on a strike with a number of demands, the main being the salary of 1 thousand euro. According to the miners (some hundred of them), the company management refuses to cooperate with them and react to their demands. They believe that…Details
In January-June Cherepovets Iron and Steel Works produced 2.228 billion kW-h of electricity, up by 0.5% YoY, and the highest result in all its history.
The economical effect from the increase of electricity manufacture reached 66.4 million rubles.
The share of the company’s own electricity totaled 79.4%, up by 0.8% YoY. (Ukrainian metal)
According to the Statistics Committee of the Ministry of national economy, in January-June Kazakhstan increased copper cathode manufacture by 5.4% YoY.
Raw zinc output decreased by 0.5%.
KAZ Minerals and KazZinc contributed the most to the output. (Ukrainian metal)
As of July 10 Rise LLC has yielded 210 kg of gold. This year the company still operates at two sites: the Pravaya Vizualnaya stream and the Nelgyu River. This year Rise intends to wash 600 kg of gold, up by 23.7% YoY. The stream will yield some 80% of gold. In 2016 Rise yielded…Details
Magnitogorsk Iron and Steel Works is the first among Russian manufacturers of galvanized and coated rolled metal. The rating on the results of the H1 was published in the “Metallosnabzheniye i sbyt” magazine. Last year MMK also headed the rating. In mid-July the works put into operation the continuous galvanizing machine No. 3 with the…Details
In January-June Severstal supplied 220 thousand tons of metal to Russian and CIS car manufacturers, up by 14% YoY. In particular, Russian car works as well as foreign companies operating in Russia received 163 thousand tons of metal. Deliveries to the CIS countries totaled 57 thousand tons, up by 98% YoY. The increase in exports…Details
DTEK expects that the third vessel with anthracite coal from the South African Republic will arrive on August 8-10.
The vessel left the port of Richard’s Bay on July 10, carrying 75 thousand tons of anthracite for Pridneprovskaya and Krivorozhskaya thermal power plants. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has started assembling metal structures of the roof at the continuous casting machine No. 4 building. “Since the start of the construction over 1.5 thousand tons of metal structure columns and beams have been assembled”, the company CEO Yuri Zinchenko wrote on his Facebook page. The works has also…Details
On July 25 the Sea Trade Port Yuzhniy finished unloading coal from the Zhao Yang Feng vessel from the South African Republic. All the 75 thousand tons of coal have been unloaded in 50 hours, that is 9 hours swifter than the previous coal batch – in late May from Panamax Alexander. The average daily…Details
In January-June Lisichanskugol received 287.5 million UAH of net losses, down by 44.3% YoY, having increased its net earnings by 35.1%, to 94.1 million UAH. The prime cost of products sold totaled 419.5 million UAH. In 2015 the company received 1.097 billion UAH of losses, down by 32% YoY. In 2016 Lisichanskugol mined 196.5 thousand…Details
On July 21 Lvivugol received 20 million UAH for selling coal.
According to the press-service of the Lviv regional state administration, all the money will be spent to pay salary to the miners. In particular, miners will get 21% of their June salary. (Ukrainian metal)
Dneprovsky Iron and Steel Combine is preparing its converter shop for operation. In particular the work is being carried out at the converter No. 2 and the continuous casting machine No. 1. The steel- and pig iron pouring ladles have been heated, and the first pig iron will be poured on July 27. The rolling…Details
The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…Details
In January-June Anglo Asian Mining mined 23.218 thousand ounces of gold, down by 31,4% YoY at the Kedabek deposits. “The company also mined 85.087 thousand ounces of silver, 1.322 thousand tons of copper and produced 6.431 thousand tons of copper concentrate”, the company said in a statement. In 6 months the company sold 15.689 thousand…Details
In January-June Polymetal International increased output by 7% YoY, to 558 thousand troy ounces of gold equivalent. “In the second half of the year the output will grow even more because of the seasonal sales of concentrate stocks at the Mayskoye deposits and the higher output at Amur Mining and Processing Works”, the company said…Details
In January-June Ukrainian thermal power and combined heat and power plants received 1.354 million tons of imported coal, including in June 313.4 thousand tons of coal from Russia and 44.6 thousand tons from the South African Republic. According to the Ministry of energy and coal industry, in 6 months Russia supplied 1.09 million tons of…Details
In 2017 ArcelorMittal Kriviy Rih will invest $267 million in modernization. According to the company CEO Paramjit Kahlon, the company has good results. “In a year we produced 7.5 million tons of steel. The company has been working stably for the past 4-5 years. Its proximity to the Black Sea makes it unique as to…Details
DTEK Trading LLC and the state enterprise Derzhvuglepostach have sold all the gas coal that they have previously auctioned at the Ukrainian energy exchange. The average price of purchase was 2461 UAH per ton (with VAT), with the minimal at 2420 UAH and the maximum at 2500 UAH per ton. “The auction prices are on…Details
After an almost 3-months idleness Beringpromugol has resumed mining coal at the Fandyushkinskoye deposits in Chukotka Autonomous District. In May the company management decided to stop operation until the 40-km road were constructed from the deposits to the port of Beringovsky. The construction has been completed. Moreover, office buildings, specialist workshops and an analytical laboratory…Details
Since the beginning of the year Mechel-Service has supplied 6.5 thousand tons of rebars for construction of housing in the city of Chelyabinsk. The company supplies rebars almost to all major construction project in the city. One of the latest batches was for the construction of the business-class housing complex Gagarin Residence in the downtown.…Details
Severstal has become the first Russian metal company to have switched to the SAP Transportation Management system. SAP TM is a part of the large-scale Business Standard program, within which Severstal has automated and improved all of its management functions. By using the tender procedures when dealing with transport companies on the online-portal Severstal was…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 13 million tons of coal this year. The milestone ton was loaded on July 23 onto the Panamax bulk carrier, Navios Gemini S, the 191st vessels handled from…Details
OMK has formed a new board of directors. Anatoly Sedykh, Vladimir Markin, Natalia Yeremina, Svetlana Sobolevskaya and Anastasia Poletayeva have been elected as the new board. Anatoly Sedykh, the ex-chairman, headed the new board. He will be responsible for the strategic development of the company. The deputy chairman Natalia Yeremina has been elected the OMK…Details
Siberia Mining and Metallurgical Alliance (SiGma) will put the first stage of Ozernovsky Mining Works with the capacity of 100 thousand tons of ore or 2 tons of gold per year into operation in December. According to the company CEO Dmitry Filichkin, by September the works will have received all the machinery. In October-November it…Details
In January-June Kuzbassrazrezugol enterprises mined over 22.9 million tons of coal, including 3 million tons of coking coal, up by 2% and by 5.3% YoY respectively. Sales increased by 6.4%, to 20.9 million tons, including exports by 4.4%, to 15.2 million tons and to local market by 12.3%, to 5.7 million tons. Processing factories have…Details