Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles.
The companies do not disclose the conditions of the deal.
The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)
In January-April gold miners of Khabarovsk Krai yielded 4418.5 kg of gold, up by 0.5 tons of the target. All the gold was obtained from ore deposits. The region has also exceeded silver output – 18180.1 kg instead of 14240 kg planned. According to the local environment ministry, the increase is the result of the…
DetailsUkrainian miners, as usual, do not receive salary for several months. But the Cabinet of Ministers claims that it has already provided money to clear debts, and salary will rise. The price of 1 ton of coal will increase from 1730 UAH to 2 thousand UAH. According to the minister of energy and coal industry…
DetailsAktyubinsk Copper Company, a part of Russian Copper Company, has set development plans. The Vesenne-Aralchinskoye deposits, situated near the border with Russia, will be operated on both sides of the border. For this AMK will construct a plant with the capacity of 500 thousand tons of ore per year. The mine will be operating for…
DetailsKarabashmed, a part of the Russia Copper Company, has started assembling the new automated copper-pouring line and three new converters with the volume of 150 tons each. The modernization of the machinery will increase the company capacity to 150 thousand tons of copper per year. Karabashmed will also reconstruct its power shop and the oxygen…
DetailsNorilsk Nickel has received a 521-million rubles loan from Sberbank for the construction of the magnetite concentrate drying shop of the Bystrinsky Mining and Processing Works. Bystrinskoye deposit is among the largest in the world as to copper, gold, silver and iron reserves. The GOK is planned to start operating in 2017 and will reach…
DetailsOn May 29 Zagorsky Pipe Works produced the first pipe for Gazprom. The first batch of pipes with 1020 and 1420 mm diameter and outer three-layer insulation will be supplied to the customer in June. The agreement on the delivery was reached in April. Under the contract ZTZ will produce over 121 thousand tons of…
DetailsIsaevskiy Machine-Building Plant intends to invest 450 million rubles into development. According to the authorities of Rostov region, the company has already purchased the electric-welded pipe mill. It will be put into operation in 2018-2019. The mill will expand the product range and increase the output by 80%. The company planned to put the new…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 9 million tons of coal this year (as of May 29). According to the company, the terminal’s throughput surged by 41% YoY. The milestone ton was loaded onto Post-Panamax lainpalais,…
DetailsIn Kerch on the territory of Kerch Iron and Steel Works 200 employees held a meeting demanding their salary debts to be cleared and the operation of the company resumed. The event was attended by the Russian State Duma deputy Konstantin Bakharev, who was then taken away by the ambulance, as well as the “city…
DetailsDTEK intends to import up to 100 thousand tons of coal from its mines in Russia each month. “In the first place the coal will be supplied to Lugansk Thermal Power Plant, but also to Kriviy Rih TPP”, the company CEO Maxim Timchenko said. At the same time DTEK does not plan to import coal…
DetailsFrom June 12 tо 16, the corporate Learning Week will be held at ArcelorMittal University Campus in Ukraine. By tradition, it will consist of the great number of master classes, business games, training sessions and other developmental activities. This year the focus will be made on such aspects as personal growth, interaction with people, state-of-the-art…
DetailsMilitants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, are looking for sales markets for Komsomolskoye Mine Group on the territory of Russia. The terrorists are trying to reorient the once major flux supplier to Russian enterprises. The company employs some 1 thousand people as opposed to around 4…
DetailsThe Ministry of economic development and trade has announced another competition for the office of the Powder Metallurgy Works (Kiev region) director. According to the ministry, applications are accepted through June 23, the competition will start on July 11, and the results will be available on August 4. On February 1, 2016 the ministry declared…
DetailsProduction of thermal and coking coal in Ukraine declined by 3.2% YoY in January-April, to 13.069 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 1.673 million tons of coal or 12.8% of the total output over the period under review, while coal production at the state…
DetailsFerrexpo mining company with assets in Ukraine after a one-year break has decided to pay dividends to shareholders at a rate of 3.3 cents per share. According to a company report on the website of the London Stock Exchange, 99.73% of the shareholders voted for the decision to pay dividends at an annual shareholders’ meeting…
DetailsAfter the two weeks of unpaid vocations, in mid-May the Mine named after Zasyadko in the occupied Donetsk resumed operation. Still the main problem – coal sales – has not been solved. The coal is stored at the warehouses. Their capacity is 140 thousand tons, and they already stock 120 thousand tons. The mine yields…
DetailsAzovstal Iron and Steel Works, a part of Metinvest, will pay dividends to its shareholders from the profits received in 2016 as well as part of the 2014 profits from May 25 through October 27. According to the shareholders decision, taken at the meeting on April 28, the company will pay 0.35 UAH per ordinary…
DetailsIn April Ukraine produced 5.9 million tons of iron ore raw materials, down by 5.1% MoM, or by 323.8 thousand tons. In January-April output dropped by 1.5 million tons YoY, to 23.4 million tons. In April delivery to Ukrainian metal works totaled 2.5 million tons, down by 100 thousand tons MoM. Local prices increased by…
DetailsThe salary of Evraz Sukhaya Balka miners was increased by 20% from May 19.
“As the result of the May 10-11 strike with the demand to increase salary, the company decided to increase wages by 20%”, the chairman of the Independent Miners Union Mikhail Volynets wrote on his Facebook page. (Ukrainian metal)
The board of directors of Gaysky Mining and Processing Works, a part of UMMC, recommends paying dividends for 2016 in the volume of 2 billion rubles from the profit of 2016 and undistributed profit of previous years. In 2014-2015 Gaysky GOK did not pay dividends. The final decision will be taken at the annual shareholders…
DetailsIn April Vyksa Iron and Steel Works, a part of OMK, supplied 153.7 thousand tons of steel via railroad, down by 10.2% MoM and by 1.1% YoY. Delivery to the local market totaled 132.7 thousand tons, up by 4.4% MoM, but down by 10.2% YoY, while exports stood at 21 thousand tons, down by 52.2%…
DetailsMoscow decided to temporarily prolong the moratorium on the export duty of 10% for tungsten ores and concentrates. The duty was imposed in 2013. Last year on request of manufacturers the duty was cancelled until June 1, 2017. This helped Primorsky Mining and Processing Works stay afloat, as it saved some 1.2 billion rubles. The…
DetailsIn January-April the trade turnover of Georgia with Turkey, its main partner, reached $452.29 million, with exports at $76.09 million, up by 18.8%, and imports at $376.2 million, down by 8.4% YoY. According to the National Statistics Service, pig iron and unalloyed steel semi-finished products ranked second in the exports to Turkey at 24652 tons…
DetailsEnergomashspetsstal will supply a large batch of rolls for rolling mills to Zaporizhstal. The order will be fulfilled under the contract concluded in 2011. The company will deliver back-up rolls for cold-rolling as well as work and back-up rolls for hot-rolling. The total weight of the order is 401.58 tons. According to the delivery schedule,…
DetailsMechel-Service has shipped the first batch of rebars for the construction of the President military school in Petrozavodsk, Karelia. The volume of the lot is 200 tons. According to the company statement, the Chelyabinsk Iron and Steel Works (a part of Mechel) rebars are used in the construction of the three-storied building. The construction is…
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