The Prime Minister of the Republic of Tatarstan Ildar Khalikov has met the representatives of the Gemont company (Turkey) and discussed the prospects of further cooperation. In particular the parties discussed the creation of a metallurgical works to produce rolled sheet. The project has been developed by Gemont, which specializes in manufacture and assembly of…Details
In 2015 the state enterprise Vostochniy Mining and Processing Works increased uranium concentrate output by 5.8% YoY, or by 54 tons, to 980 tons, in 2016 – by 2.6%, to 1005.1 tons. The Ministry of energy and coal industry expects that in 2017 VostGOK will increase concentrate output by 21.5% YoY, or by 215.9 tons,…Details
In 2016 the state enterprise Vostochniy Mining and Processing Works increased its net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the Ministry of energy and coal industry, the company net income in 2016 dropped by 5.8%, or by 164.107 million UAH, to 2680.422 million UAH, while its bulk…Details
In the first quarter of 2017 Ukraine decreased carbon steel output by 7.9% YoY, to 5.596 million tons. This is the minimal level since March 2015. Pig iron manufacture dropped by 13.6% YoY, to 5.054 million tons, that of rolled metal – by 8.1%, to 4.909 million tons. Metallurgical coke output decreased by 21.4%, to…Details
Russian Copper Company (RCC) intends to invest 670 million rubles to boost production at its Kyshtym copper and electrolytic facility, the company said in a statement on April 3. A project to upgrade the copper electrolysis unit will be finished in January 2018 and will need 380 million rubles of investment while 288 million rubles…Details
Ukraine seeks to import 2.5-3 million tons of anthracite from the United States, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “We have received information that we can supply around 2.5-3 million tons of coal from the United States. I as minister has sent a letter to the U.S. Department of State asking…Details
In March Zaporizhstal produced 325 thousand tons of steel, up by 9.2% YoY. According to the company statement, pig iron output increased by 6.7%, to 286.5 thousand tons, rolled metal – dropped by 3.1%, to 273.3 thousand tons. In Q1 Zaporizhstal produced 825.5 thousand tons of pig iron, 944.5 thousand tons of steel and 790.3…Details
The Amur artel has decreased its output plan because of the thinning of deposits. This year the new platinum output target is 1400 kg, down from 1526 kg in 2016. The constant decrease in Konder deposits output has been observed for several years. In 2014 the artel yielded 3794 kg of platinum, in 2015 –…Details
The state gas-extracting company Ukrgazdobycha has agreed with Interpipe on the delivery of 12597 tons of casing pipes for 720.487 million UAH. The company will supply 880 tons of 508 mm casing pipes valued at 94.977 million UAH, 7886 tons of 632-80 casing pipes for 386.5 million UAH, 3505 tons of Premium class casing pipes…Details
On March 31, PJSC MMC Norilsk Nickel signed an agreement to sell its equity interest in the company, which owned the Legion TI Business Center, to RCP Investments Ltd for the total consideration amount of approximately $100 million. As part of Nornickel’s non-core assets disposal program, the company’s Board of Directors approved the transaction on…Details
It is not profitable to use Kazakh coal after the modernization of Bishkek HPP, the expert Rasul Umbetaliev said on April 3. According to him, the government offers Electric stations JSC to purchase 550,000 tons of Kazakh coal. Chairman of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliev has repeatedly stated that…Details
The design time of the tailing dump and the gold processing plant at Jerooy will be extended until August, the chairman of the State Committee for Industry, Energy and Subsoil Use Duyshenbek Zilaliev said at the meeting with the residents of Talas region. Talas town hosted a discussion on the development of Jerooy deposit located…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of petroleum valued at 11.760 million UAH. By the end of the year the company will have supplied 417 tons of A-92 Euro petroleum at 28.2 thousand UAH per ton. The current wholesale price of A-95 petroleum is…Details
In 2016 Kharkiv Coke Works received 1.511 million UAH of net profits, down 5.1-fold YoY. According to the company statement, its undistributed profits totaled 30.128 million UAH. In 2016 KhKZ increased current liabilities by 36.3%, to 472.47 million UAH, fixed liabilities – by 13.3%, to 470.385 million UAH. The company assets increased by 20%, to…Details
On March 28, the mine group Pervomaiskoye mined the first million tons of coal this year – the second among DTEK enterprises. This year the result was achieved one month earlier than last year and two weeks ahead of schedule. The high result was achieved thanks to the timely putting of long faces into operation.…Details
On March 28, the state enterprise Lvivugol received 11.8 million UAH of state financial support.
All the money was spent to pay salary to the miners.
According to the Lviv regional state administration department of fuel-energy complex and energy saving, thanks to this support, the February salary was paid in full. (Ukrainian metal)
According to the National Statistics Office, in January-February the trade volume with Turkey, the country’s main trade partner, reached $198.39 million, including $35.04 million of exports (up by 17.3% YoY) and $163.35 million of imports (down by 3.5%). Non-alloyed steel and pig iron semi-finished products exports occupied the third position in the total Georgian exports…Details
In March Kimkano-Sutarsky GOK produced 120 thousand tons of iron ore concentrate. By summer output is expected to increase to 250 thousand tons. At present the company employs 1.2 thousand people. Before it reaches target capacity it will need some 300 specialists more. This year the company plans to pay 300 million rubles of taxes…Details
In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.9-fold YoY.
In 2015 the corporation profits totaled 14.4 billion rubles against 4 billion rubles in 2014.
VSMPO-Avisma revenues in 2016 increased by 5%, to 76.2 billion rubles. Sales profits increased by 3%, to 30.3 billion rubles. (Ukrainian metal)
The European Commission has decided not to impose temporary duties on hot-rolled metal from Ukraine, Brazil, Iran, Serbia and Russia, as it is still investigating whether the countries violated the rules of fair competitiveness. Thus the preliminary antidumping duties are not imposed from April 7. But the commission will have to decide by October 7,…Details
The state enterprise Ukrpromvneshexpertisa forecasts that scrap deliveries to Ukrainian companies will increase in March by 23.5% MoM, or by 39 thousand tons, to 205 thousand tons. The increase in deliveries has to do with the high price of 6150 UAH per ton, as well as the expectations of the scrap procurers and traders that…Details
The Specialized Anti-Corruption Prosecutor’s Office (SAPO) has claimed resistance of head of Zaporozhye Titanium and Magnesium Works LLC and its investor to returning the company to state ownership. SAPO said on its Facebook page that despite the attempts to hinder the return of the company to management of the state, this process is taking shape:…Details
Dneprovsky Iron and Steel Works has shut down its last blast furnace. “Because of the blockade the works shut down its last blast furnace. DMK used to get coke from Alchevsk Coke and Chemical Plant. Now the deliveries are impossible”, the people’s deputy from the opposition Alexander Vilkul wrote on his Facebook page. He also…Details
In 2016 Buryatzoloto, a part of Nordgold, decreased all its financial indexes. In particular, net profits dropped 6.9-fold YoY, to 651.32 million rubles. EBITDA also decreased 6.9-fold, to 818.761 million rubles, sales profits totaled 2.614 billion rubles, down by 22% YoY. The company revenues dropped by 10.3%, to 8.044 billion rubles. In 2016 at its…Details
In 2016 Raspadskaya decreased coking coal supplies to Evraz Ukraine enterprises 3.6-fold, to 56 thousand tons. Evraz Ukraine share in Raspadskaya coal supplies decreased by 1% from 3% in 2015. Last year Raspadskaya sold 6.439 million tons of coal, with 3.627 million tons being exported. Most of the coal exported (except for Ukraine) was sold…Details
In 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…Details