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In 2016, the flux and dolomite business of the UMG investment company, represented by the Novotroitskoye Ore Mining (NOM) and the Dokuchayevsk Flux and Dolomite Plant (DFDP), increased the sales of limestone products by 24.4% YOY, to 3.4 million tons. Revenue without VAT amounted to 658 million UAH in 2016 compared to 503 million UAH…
DetailsAccording to the previously developed repairs schedule PJSC ArcelorMittal Kriviy Rih has stopped its twin hearth furnace No. 6 (THF-6) of the open-hearth shop. Due to prolongation of THF-6 exploitation term by 2020 the company elaborated the range of compensating measures, which were being imposed from the beginning of 2017. To minimize fugitive emissions the…
DetailsNearly Br30 million will be allocated to support Belarusian Steel Works (BMZ trademark), the managing company of the holding company Belarusian Metallurgical Company reported. The corresponding decree No.100 dated April 3, was posted on the national legal Internet portal on April 5. The remaining balance of the Belarusian national innovation fund, accumulated as of January…
DetailsRussia’s Far Eastern Khabarovsk region plans to produce 9.55 tons of gold in 2017, Nikolai Ishchuk, director of the mineral resource department of the Natural Resources Ministry of the Khabarovsk region, reported on April 4. Platinum production can rise by 1.6%, to 1.55 tons, while silver output can fall by 15%, to 42.7 tons. Combined…
DetailsDneprovsky Iron and Steel Works had to halt operations because of the coke deliveries stop and the lack of funds. Now the company is looking for ways to resume operation. “Because we ceased receiving coke from Alchevsk, we started working with Evraz Yuzhkoks. But the company demands prepayment, and the coke price is $327-325 per…
DetailsIn 2016 Uchaly Mining and Processing Works, a part of UMMC, received 3.019 billion rubles of net profits, down by 8.5% YoY. According to the company statement, its EBITDA totaled 3.93 billion rubles, down by 5.4%, sales profits – 3.345 billion, down by 41%. The company revenues dropped by 10% YoY, to 21.749 billion rubles,…
DetailsSeverstal will buy transformers, produced by Siloviye mashiny – Toshiba LLC, for its Cherepovets Iron and Steel Works. Under the investment project Toshiba will produce and supply power transformers to replace outdated machinery. The company will produce 2T transformers (63 MW). The cost of the first stage, when one transformer will be replaced, is 50…
DetailsIn 2016 Vysochaishy received 6.378 billion rubles of net profits, up by 26.6% YoY, or by 1.324 billion rubles. EBITDA totaled 7.857 billion rubles, revenues – 12.903 billion, up by 9.1% YoY, with 12.835 billion from gold sales 22.401 million from silver sales and 45.548 million rubles from sample handling. Last year the company produced…
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