In April-June TMK increased revenue by 4% QoQ, to $1307 million. EBITDA grew by 11%, to $195 million. Net debt as of June 30 totaled $2641 million. In H1 revenue decreased by 2% YoY. EBITDA went up by 4%, to $370 million. In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)
DetailsCopper producer Uralelectromed, a part of Russia’s Ural Mining and Metallurgical Company (UMMC), does not rule out branching out to the domestic market of steel structures, the company said in a statement on August 16. “Currently, the company’s production satisfies demand of other UMMC companies. But we may enter the Russian market and occupy a…
DetailsThe testing of the main technological machinery – the cold-rolled metal mill – at the works to produce tinplate in Miory will start on November 1, the CEO of the company Petr Shimukovich said. The construction of the main manufacturing premises is nearing its end. In order to test machinery some 8.9 thousand tons of…
DetailsOne of the main requirements that the government of Kyrgyzstan puts for investors is protection of environment, the Prime Minister Mukhammedkaly Abylgaziev stated during his working trip to Jalal-Abad region, the Information Support Department of the Government’s Office said. The prime minister visited Eti Bakyr Tereksai mining enterprise, which is developing a group of Terek,…
DetailsIn January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…
DetailsEvraz Kachkanarsky Mining and Processing Works has finished assembling the first BelAZ dump truck with the carrying capacity of 240 tons in Sverdlovsk region. The machine has already been commissioned and set to work at a quarry. Until the end of the year two more dump trucks and an excavator with the 20-cubic meters ladle…
DetailsRussian metals and mining group Mechel keeps plans to raise coal output in 2019 despite a 16% reduction in January-June, the company said in a statement on August 15. “Growth of coal production volumes will continue in the coming periods. Despite the planned reduction in production in the first quarter of 2019, coal production will…
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