Metalloinvest will pay dividends for 2016 in the amount of 18.94 kopeks per 1 ordinary share. The total amount of dividends to be paid is 14.19 billion rubles. In November 2016 the company announced the payment of 220 billion rubles of dividends to complete consolidation and transfer shares to the Russian jurisdiction (2.939 rubles per…
DetailsRuspolymet (Kulebaki, Nizhniy Novgorod region) has put into operation the second electroslag remelting furnace with the volume of 14 tons. The construction of two furnaces started in February 2016. The first furnace was put into operation in November 2016. The furnaces are used to produce ingots of structural high-alloyed heat-resistant steels and alloys with the…
DetailsIn 2016 Tulachermet increased its net profits 7.11-fold YoY, to 1.8 billion rubles. According to the company statement, its income last year increased by 15%, to 34.57 billion rubles, with sales profits down by 30%, to 1.39 billion rubles. Pig iron output last year went up by 7.4%, to 2.212 million tons. In May 2016…
DetailsFerrexpo mining company with major assets in Ukraine in 2016 increased pellet sales by 3.2%, to a new record high, compared to 2015, to 11.697 million tons from 11.29 million tons. According to a company report on the website of the London Stock Exchange, the share of pellet sales to Central Europe is the largest…
DetailsMetinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group of companies, announced it had completed the restructuring of its financial debt totaling $2.3 billion. According to the group, as a result of the agreement achieved three issues of the group’s eurobonds maturing in 2016, 2017 and 2018 were…
DetailsOn March 1-20, over 3.4 thousand wagons with coal passed the border with Russia, according to the statistics data of the Russian Railways.
Thus Russia took some 230 thousand tons of anthracite (10 thousand tons per day) from the uncontrolled territories valued at around 400 million UAH. (Ukrainian metal)
Uralmashzavod is producing 9 cranes of various lifting capacity for Tulachermet-Stal. The machinery will be used to load and unload scrap, in pig iron manufacture, etc. The first foundry crane is being assembled by the specialists from Yekaterinburg and the Sverdlov region. After the crane is assembled it will take 2 more months to put…
DetailsThe metal trading company of Mechel – Mechel-Service LLC – has supplied 210 tons of rebars for the construction of the first wind park in Russia, situated near the town of Ulyanovsk. The first wind power plant will consist of 14 generators (35 MW). Since the beginning of the year Mechel-Service has supplied 210 tons…
DetailsSeverstal is participating in the construction of a stadium in Kaliningrad. According to the company statement, it has already supplied 200 tons of rolled metal to be used in the construction of the roof and the recreation zone of the building. “The wide range of products offered by Severstal to the construction industry, as well…
DetailsGerman Pikhoya, a member of the management board of Russian nanotechnology company Rusnano and former CEO of gold producer Polyus, may become CEO of gold miner GV Gold. Pikhoya has left Rusnano to “chair a large gold producing company,” Rusnano said without any specifications. Pikhoya said he would be ready to discuss the topic only…
DetailsUkrmetallurgprom has addressed the Prime Minister of Ukraine Vladimir Groysman asking him to cancel the railroad tariff and port fee discounts for coal and ore transportation from Russia from Q2. The enterprise president Alexander Kalenkov believes that under present circumstances such a decision will make the use of the local transportation infrastructure more efficient and…
DetailsMetinvest has replaced the director of Krasnodonugol, which has lost control over its assets on the uncontrolled territory of the Lugansk region. According to the company statement, the supervisory board ended the office of the Alexander Angelovsky and appointed Valentin Kononov the acting CEO instead. DTEK has replaced director of Komsomolets Donbassa mine, which has…
DetailsThe Guryevsk Iron and Steel Works has started producing a new product type – 35 mm steel milling balls. The new product corresponds to the GOST 7524-2015. Around 200 tons of new balls have already been supplied to the customers. GMZ is one of the leaders on the Russian market of milling balls. It can…
DetailsIn January-February Kazakhstan decreased copper cathodes and raw zinc output by 3.3% and by 1% YoY respectively.
According to the Statistics committee of the Economy Ministry, raw steel output went up by 8.6% YoY.
Kaz Minerals and KazZinc produce most of the metal. (Ukrainian metal)
In February Dneprospetsstal produced 19933 tons of steel and 13235 tons of rolled metal, down by 1.8% and by 6.6% MoM respectively. The total cost of the products manufactured is 603172 thousand UAH, down by 2.7% MoM. In January-February DSS produced 40233 tons of steel and 27408 tons of rolled metal, up by 28.5% and…
DetailsKyrgyzstan is deciding on construction of the copper-smelting works, according to the State committee on industry, energy and soil.
To process concentrate the construction of the copper works and the implementation of the new technologies are needed, which are currently absent in Kyrgyzstan. (Ukrainian metal)
OMZ-Spetsstal has produced the largest forging ingot in the company history – weighing 443 tons. The ingot will be used to produce a heavy supporting roll for the 5000 mill of the Cherepovets Iron and Steel Works. The size of the future product: diameter – 2.36 meters, length – 12 meters. The total weight of…
DetailsThe increase of railroad tariffs this year by 25%, planned by Ukrzaliznytsia, is inadmissible, the Pobuzhye Ferronickel Plant CEO Oleg Bespalov believes. “They come and say that they need to increase tariffs to buy wagons, as they have no money”, he said. According to Bespalov, this has been heard before, but the situation with the…
DetailsIn 2016 Ferrexpo received $189.2 million of net profits, up 6-fold YoY, with revenue up by 2.6%, to $986.33 million. According to the company statement, its EBITDA increased by 20%, to $375 million. At the same time its net debt decreased by 32% YoY, to $589 million. Capital investments last year dropped by 25%, to…
DetailsUkrainian companies in January imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk reported. He said that British Columbia had large stocks of coking coal and production facilities. Supplies from the province could…
DetailsThe privatization of the Chervonogradskaya central processing factory has been named illegal, and the Lviv regional commercial court of appeals returned its assets to the state ownership. After the privatization in 2008 and the creation of the Lviv Coal Company the state controlled 37.58% of shares in the new company, with 62% controlled by the…
DetailsMetinvest plans to finish restructuring debt on eurobonds and pre-export financing (PXF) and issue just over $1.971 billion in new bonds on March 22, the Ukrainian mining and metallurgical holding said in a statement filed with the Irish Stock Exchange. The holding will also complete the formalities for a new PXF facility worth $1.109 billion.…
DetailsOn March 20, a working group on the liberalization of the coal market in Ukraine was created to fulfill an order issued by the Prime Minister of Ukraine Volodymyr Groysman. Vice Prime Minister Volodymyr Kistion was appointed head of the group, reads a report on the government’s website. “On March 9, under the chairmanship of…
DetailsRussian gold producer Polyus will sell an 82.34% stake in the Nezhdaninskoye gold deposit for $158 million to a company beneficially controlled by Ivan Kulakov, a former managing director of Highland Gold Mining, Polyus said in a statement on March 21. The payment will consist of two tranches: $100 million will be paid upon completion…
DetailsMagnitogorsk Iron and Steel Works has decided to modernize its continuous casting machine No. 6 and the 5000 plate mill in order to start producing hot-rolled metal of the 350 mm thick slab. The project, including modification, assembly and putting into operation, is expected to be finished this year. At present the CCM No. 6…
DetailsIn 2016 the Russian Railways throughput dropped by 1% YoY, mostly because of the considerable decrease in coal transportation. 99% of the transit raw materials come from Kazakhstan, and last year they decreased by 24.4% YoY. On the other hand, this has been compensated for by the ferrous metals transportation from Kazakhstan, which increased by…
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