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The World Bank intends to support the mitigation of social and environmental impacts of the coal industry restructuring in Ukraine, according to the Ministry of Energy and Environmental Protection. “The World Bank, with the support of the European Commission and other international financial institutions, intends to support the mitigation of social and environmental impacts as…
DetailsRussian Copper Company is studying the opportunity to buy the property of the bankrupt Ufaleinickel. “Due to the complex social and economical situation in Verkhniy Ufalei because of the shutdown of the town-forming enterprise, the authorities of the Chelyabinsk region have asked the Russian Copper Company to invest in the organization of manufacture. So far,…
DetailsThe supervisory fund of Zaporozhye Aluminum Works has elected Sergey Ignatovsky, the deputy chairman of the State Property Fund, its chairman. The decision was taken on January 23. Ignatovsky was appointed the supervisory fund member on December 23, 2019. The same day, the supervisory board appointed Sergey Kizilov the acting CEO of ZALK, having relieved…
DetailsThe Severstal board of directors recommends paying dividends in the amount of 26.26 rubles per ordinary share for October-December 2019. The decision is expected to be approved at a shareholders meeting scheduled for June 5. (Ukrainian metal)
DetailsIn 2019 Kola Company, a part of Norilsk Nickel, increased nickel output by 5%, to 229 thousand tons. Nickel manufacture of own raw materials totaled 225 thousand tons. Copper production grew by 5%, to 499 thousand tons, with 455 thousand tons produced of own raw materials. Bystrinsky GOK manufactured 43 thousand tons of copper. Nornickel…
DetailsOn February 1 Magnitogorsk Iron and Steel Works turns 88. The enterprise was created at the foot of the Magnitnaya mountain. The first blast furnace produced the first pig iron on February 1, 1932. The first open-hearth furnace started operating in July 1933, and in August 1934 the company commissioned the 500-mill. In late 1980s…
DetailsKamensk-Uralsky Non-Ferrous Metals Processing Works will start manufacturing aluminum powder in the amount of 1008 tons per year to be exported to Kazakhstan. Aluminum powder is used in the manufacture of aerated concrete. The Fund of the industry development has already approved of a company loan. The total cost of the project is 200 million…
DetailsIn November 2019 Russia imported 246 tons of molybdenum ore and concentrate, up by 19% MoM and by 186% YoY. Deliveries from US grew from 100 to 141 tons, those from Chile remained unchanged at 20 tons, but from the Netherlands dropped from 85 to 83 tons. In 11 months of 2019 imports totaled 2.7…
DetailsIn November 2019 Russia exported 294 tons of long rolled copper, down by 26% MoM and by 28% YoY. Deliveries to Belarus dropped by 39%, to Germany by 60%, to Kazakhstan by 33% and to Ukraine by 20%, to 105, 23, 38 and 35 tons respectively. In 11 months of 2019 exports totaled 4.1 thousand…
DetailsThe net profit of Russian steelmaker Severstal fell by 23.7% YoY, to $374 million in October-December 2019, while revenue decreased by 12.9%, to $1.838 billion, and EBITDA went down by 23.5%, to $602 million, as sales and prices fell, the company said in a statement on January 31. Free cash flow slumped by 70.5%, to…
DetailsThe city of Taganrog has sold a land plot with the total area of 18 ha and the main assembly premises of the local car plant for 81.7 million rubles. VtorCherMet LLC was the buyer of TaGAZ. Earlier the assets were estimated at 181 million rubles. TagAZ was founded in 1997 and declared bankrupt in…
DetailsIn November 2019 Russia exported 38.2 thousand tons of zinc ore and concentrate, up by 4% MoM and by 26% YoY. Deliveries to China grew by 50%, to 23.2 thousand tons, but to Kazakhstan dropped from 21.2 thousand tons to 13.3 thousand tons. In 11 months of 2019 exports totaled 279 thousand tons, down by…
DetailsIn 2019 Ural Works of Pipes Insulation LLC increased turnover by 35% YoY, from 441 million rubles to 596 million rubles. Sales of pipefittings grew by 21%, to 22.3 thousand pieces. Overall output last year amounted to 40 million rubles. (Ukrainian metal)
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