Ukraine: UGOK January 2017 results

In January Yuzhniy Mining and Processing Works produced 1.047 million tons of iron ore concentrate, up by 12.9% YoY.

According to the company statement, sinter output went up by 37.8% YoY, to 203.9 thousand tons.

In 2016 UGOK produced 11282.3 thousand tons of concentrate and 2085.09 thousand tons of sinter. (Ukrainian metal)

Ukraine: Metinvest top-managers get $6 million in H1 2016

Following the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…

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Russia: acting investments director appointed at Severstal Russian Steel

Sergey Sidorkov has been appointed the acting investments director of Severstal Russian Steel.

Previously he worked as the director of the center on investment projects.

In his new office Sidorkov will continue the implementation of the investment program. (Ukrainian metal)

Ukraine: ferrous metals exports revenue up in January 2017

In January Ukrainian metal companies increased revenue from ferrous metals exports by 71.9% YoY, to $654.819 million. According to the State Fiscal Service, ferrous metals accounted for 21.64% of the total exports as opposed to 18.64% in January 2016. In December 2016 ferrous metal exports earned Ukraine $621.784 million. At the same time in January…

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Ukraine starts coal negotiations with US

Ukraine and USA have started negotiations on coal deliveries, as an alternative to coal supplies from the occupied territories. According to a participant of the negotiations, an energy market expert Vitaly Kropachev, after the meeting with the US Ministry of Energy it was decided to create a working group to develop options. “We have discussed…

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Kazakhstan: Kazzinc output up in 2016

In 2016 Kazzinc produced 305.5 thousand tons of zinc, up by 0.3% YoY. Zinc production of own raw materials totaled 187.5 thousand tons, down by 3% YoY.

Copper output went up by 9.6% YoY, to 68.2 thousand tons, including that of own raw materials – by 3.9% YoY, to 53.9 thousand tons. (Ukrainian metal)

Ukraine: coal imports in January 2017

In January Ukraine imported coal and anthracite valued at $170.897 million. According to the State Fiscal Service, Russia supplied coal valued at $114.59 million, the United States – $24.856 million, Kazakhstan – $15.127 million, other countries – $16.324 million. Thus, in money terms imports of coal and anthracite last month grew by 61.3% YoY ($105.943…

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Russia: Yanzoloto mines 150 kg of gold

In 2016 Yanzoloto, working in Ust-Yansk in the Republic of Sakha (Yakutia), mined 150 kg of gold, having exceeded its annual target.

The company expects the gold reserves at the site to increase by 2.5 tons. (Ukrainian metal)

Russia: Severstal planning new investments

Severstal announced details of its 2017 capital investment program, which highlighted its operational excellence and long-term competitiveness. In 2017 Severstal plans to invest approximately 43 billion rubles across the business. This investment will primarily focus on developing key areas of the company’s strategy including cost control, increasing production of high-value added products and enhancing safety…

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