In January-September Metinvest EBITDA decreased by 39% YoY, to $1.234 billion. This was mostly due to a decrease of Metal EBITDA by $1.085 billion. At the same time, Mining EBITDA grew by $271 million. Moreover, average sale prices of metal products have decreased, while expenses have grown. In particular, expenses on raw materials increased by…Details
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In January-September Metinvest increase investments by 24% YoY, to $770 million. The share of strategic projects dropped to 35% from 39%. In particular, scheduled repairs of manufacturing facilities accounted for 65% (61%) The key project was the capital repair of Azovstal blast furnace No. 3 with the construction of pulverized coal injection system, completed in…Details
As of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion. The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group. In 9 months Metinvest attracted over $50 million as loans…Details
Law enforcers of the Lviv region have uncovered the facts of miners used for personal purposes by the management of Lvivugol mines. For example one director has been exploiting 5 employees for several months in the constriction of a house on a land plot, belonging to his wife. Some miners were hired to work abroad,…Details
This year the Krivbass miners team LLC, developing alluvial sites in the Magadan region, extracted 770 kg of gold. The amount was achieved jointly with the daughter company – Miners team named after Berzin LLC, owner of the license to prospect at the Tumaninskaya field. Last year the output totaled 602 kg of alluvial gold.…Details
In November Korshunovsky Mining and Processing Works increased iron ore concentrate output by 12% YoY, to 201 thousand tons. Ore mining grew by 28% and excavation works – by 4%. Investments in the restoration of machinery in the past 4 months have exceeded 200 million rubles. (Ukrainian metal)Details
Uchaly Mining and Processing Works has assembled a gyratory crusher of medium crushing manufactured by Uralmashzavod. The machine crushes ore before its processing into concentrate. The capacity of the crusher is 360-610 cubic meters of ore per hour. (Ukrainian metal)Details
In January-November Russia produced 53.6 million tons of unalloyed steel and semi-finished products, down by 1.4% YoY. In November output fell by 3.2% MoM and by 6.4% YoY. Rolled metal manufacture in 11 months decreased by 0.3%, to 56.1 million tons, while in November – by 2.1% MoM and by 0.1% YoY. Russia produced 11.4…Details
Russia will keep 2020 coal production and exports at the level of 2019, Deputy Energy Minister Anatoly Yanovsky announced on the sidelines of a conference on December 17. “I think it will be at the level of 2019, about 220 million tons,” he said referring to the amount of coal exports, adding that the production…Details
In January-October metal output in Azerbaijan totaled 434.894 million manats, down by 12.6% YoY. According to the State Statistics Committee, manufacture of metal wares grew by 83.5%, to 195.827 million manats. In 10 months Azerbaijan produced 280.6 thousand tons of steel, down by 16.2%, 255 thousand tons of rebars, down by 4.1%, 39.3 thousand tons…Details
Stoylensky Mining and Processing Works has begun assembling vertical mills in the new building of the concentrate enrichment shop. The assembly is scheduled to be completed in March 2020. In order to assemble the mills the company is using an 80-ton crane. The new technique of enrichment will allow the GOK to increase iron content…Details
In January-November ferrous metals export revenue decreased by 10.8% YoY, to $8.2 billion. According to the State Tax Service, in November exports earned $596.7 million, down by 14% YoY. The decrease is explained with the overall drop in the industry. The share of ferrous metals in the exports was 18%, down by 3%. Imports in…Details
Severstal Steel Decisions has finished supplying metal structures for the construction of a warehouse building for the Schekinoazot Company in Tula region. Severstal Steel Decisions has designed documents for and produced the walling, while the employees of the Orel manufacturing site applied three-layer corrosion-resistant coating to the structures. The warehouse will store materials and spare…Details