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In January-June Donetskstal received 963.12 million UAH of losses, down by 69.96% YoY, or by 2.24 billion UAH. The company net income increased by 14.15% YoY, or by 775.32 million UAH, to 6.25 billion UAH. In April-June Donetskstal received 693.03 million UAH of profits, having increased its net income by 1.1% YoY, or by 35.5…
DetailsIn June Ukraine exported $181.59 million worth of flat rolled metal, with imports on the level of $53.04 million. According to the State Fiscal Service, the main importer of Ukrainian flat rolled metal in June was Russia ($37 million). In January-June Ukraine exported $846.87 million worth of flat rolled metal, while imports totaled $239.48 million.…
DetailsIn May Metinvest group increased its EBITDA by 29.3% MoM, or by 46 million UAH, to $203 million. The group income went up by 6.18% MoM, or by $31 million, to $533 million. In April Metinvest had EBITDA of $157 million, and $91 million in May. (Ukrainian metal)
DetailsFerrexpo plc, controlling Poltava Mining and Processing Works, hopes that all the permission procedures to allow the construction of Bilanovsky Mining and Processing Works, will be completed in December. According to PGOK chairman Victor Lotous, the main problem now is the purchase of land plots. From the time the construction works start and the first…
DetailsKAZ Minerals company reduced the cost of the expected Aktogay copper mine project in Kazakhstan by $100 million to $2.2 billion, the company reported. “The project has benefited from the experience gained at Bozshakol mine project and from the use of local contractors following the 2015 tenge devaluation”, the company’s message said. The lowered budget…
DetailsMetalloinvest has redeemed its debut eurobond issue. The eurobonds for a nominal amount of $750 million were issued on the London Stock Exchange in 2011 with a five-year maturity period and an annual coupon rate of 6.5%. The redemption of the debut Eurobond issue and coupon payments were executed in full and in accordance with…
DetailsThroughput of Rosterminalugol in 2016 has reached 9 million tons year-to-date, the company’s press release says. The milestone ton was loaded on July 20. Rosterminalugol was established in 1996 to build and operate the coal terminal at Port of Ust-Luga. The company specializes in loading / unloading operations, freight forwarding services, building and maintenance of…
DetailsAzovstal Iron and Steel Works plans to have completed the construction of pulverized coal injection plant (PCI) by the end of this year and phase out natural gas for ironmaking. Pre-assembly of PCI steel structures is currently in progress. Metinvest Engineering, LLC acts as the General Contractor and the General Designer in this project. The…
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