On August 12 the United Mining and Chemical Company is turning 4. In four years the company has invested over 1 billion UAH in technical revamping. Payments to the budget grew from 16.9 million UAH in 2014 to 875.7 million UAH in 2017. Last year UMCC paid 321.8 million UAH of dividends to the state,…Details
In January-June Dneprospetsstal steel output dropped by 0.3% YoY, while that of rolled metal grew by 0.9%. Sales increased by 1%. Net losses totaled 137.08 million UAH. Because of the losses investments have been decreased as well. In particular, in H1 the works saw 33.5 million UAH of investments, much lower than in previous years.…Details
In January-June Belarus Iron and Steel Works produced 43655 tons of metal wares, having sold 43306 tons. In particular, it produced 24063 tons of metal cord, 14049 tons of bronzed bead wire, 4291 tons of brass wire and 1219 tons of other wire. Output target was 2.6% overfulfilled. Sales target was fulfilled by 102.7%. Metal…Details
NLMK-Ural, one of the largest bars producers, has mastered the manufacture of rolled wire with the diameter of 6.5 mm of Sv-10GN1MA steel grade. The first batch of rolled wire weighing 97 tons has already been shipped to the customer. In the past 3 months the company has mastered the manufacture of rolled wire of…Details
Stoylensky Mining and Processing Works has put into operation a new 15-cubic meter excavator. The machine will be loading ore into railroad dump cars to be transported to the processing factory. The excavator has been purchased under the project to develop the quarry and increase quartzite output. The weight of the machine is 700 tons.…Details
The chairman of the Republic of Bashkortostan Rustem Khamitov has visited the Buzdyak Works.
The works has mastered the manufacture of steel rebars.
As raw materials the company uses used gas pipes.
The capacity is up to 1 thousand tons of rebars per month. It employs 50 people. (Ukrainian metal)
MMK has delivered a trial batch of metal to Turkey via railroad Magnitogorsk – Baku – Tbilisi – Kars. Now the company is negotiating with Azerbaijani ADY Express the ways to supply up to 250 thousand tons of metal per year via this route. 4 containers with the total weight of 120 tons have been…Details
Natalya Evgenova, ex-manager from Metinvest Business Service LLC, has been appointed the chief accountant of Yuzhkoks. According to the CEO order dated August 3, she has been appointed from August 6 for an indefinite term. For the past 5 years Evgenova has been working for Metinvest. From September 15, 2017 till August 3, 2018 she…Details
In January-July Mariupol Ilyich Iron and Steel Works increased rolled metal output by 6.3% YoY, to 1.668 million tons. According to the company statement, steel manufacture grew by 7.8%, to 1.897 million tons, and pig iron – by 18.7%, to 2.687 million tons. In July the works produced 237 thousand tons of rolled metal, 284…Details
In the face of the launch of a competitive energy market in Ukraine, DTEK initiates the formation of a new innovation management function to search and implement pioneering technologies and digital solutions for clients. The company has invited Emanuele Volpe to fill the position of Chief Innovation Officer. Having graduated from the Polytechnic University of…Details
The prices of precious metals in Azerbaijan decreased on August 7, according to the data published by the Central Bank. The price of gold decreased by 7.9815 manats, to 2058.0285 manats per ounce on August 7 compared to the price on August 6. The price of silver decreased by 0.1584 manats, to 26.101 manats per…Details
Russian aluminum giant UC RUSAL has started a temporary shutdown of electrolysis capacities of its Nadvoitsy Aluminum Smelter in the republic of Karelia due to the U.S. sanctions, a representative of the company reported. The smelter lost its sales markets and stable raw materials supplies due to the sanctions, while its products became non-demanded, as…Details
Izhstal has implemented an electronic system, which allows customers to check the authenticity of the quality certificates on their own. The information on certificates together with their scanned images is kept in the special database. The certificate is considered verified if there is a complete correspondence between the printed and electronic versions and there is…Details
In January-June Tajikistan produced 46.7 thousand tons of aluminum valued at $99.5 million, down from 49.5 thousand tons last year. The output decrease in the past 6-7 years has to do with the drop of aluminum prices on world markets. Last year world markets were selling primary aluminum for $1892 per ton, now the price…Details
According to the agreement with the Karaganda region authorities, ArcelorMittal Temirtau will have invested 305 billion tenge in its manufacturing assets by 2020. This is the largest investment volume since 2010. The money will be invested in the output increase, product quality improvement, environment and labor conditions improvement, as well as sustainable development. In 2018…Details
As the result of the coke oven battery No. 4 reconstruction Cherepovets Iron and Steel Works will decrease air pollution by 700 tons per year. The total cost of the investment contract is 6 billion rubles. In addition to decreasing pollution levels, the modernized battery will produce more coke – 460 thousand tons as opposed…Details
In January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…Details
During the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…Details
The Energy and Coal Industry Ministry of Ukraine should seek financial resources to boost coal production and ensure the proper activity of the industry, Ukrainian Prime Minister Volodymyr Groysman said, commenting on results of the government meeting with participation of the leadership of the Energy and Coal Industry Ministry and the Finance Ministry. “Until September…Details
In January-June the Dalpolymetal Mining and Metallurgical Complex produced 9.54 thousand tons of zinc concentrate and 5.57 thousand tons of lead concentrate, up by 61% and by 45% YoY respectively. Last year the enterprise lifting machine broke down. This year the machine has been repaired. In 2018 Dalpolymetal intends to produce 15 thousand tons of…Details
In January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…Details
In January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY.
In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons.
This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)
In January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…Details
The net profit of Russian aluminum giant UC RUSAL doubled YoY, to $952 million in January-June from $470 million in the same period of 2017, the company said in a report on August 6. Adjusted net profit went up by 15%, to $535 million, while the recurring net profit gained 41.5%, to $971 million. Adjusted…Details