More than half of creditors that issued a $1 billion syndicated loan to Russian metals and mining group Mechel supported its restructuring conditions, Mechel CEO Oleg Korzhov said in a conference call on November 28. Some of the banks have sold their shares in the loan. “Currently, we continue negotiations with the banks that have…
DetailsRussian metals producers UC RUSAL and Norilsk Nickel have abandoned an idea of a merger, key owner of Norilsk Nickel Vladimir Potanin said on November 29. “We have agreed with Oleg Deripaska, president and key beneficiary of RUSAL, that Norilsk Nickel and RUSAL are different companies and no synergy is visible. This is why they…
DetailsPrime Minister Sapar Isakov met with the Chief Executive Officer at Centerra Gold Inc. Scott Perry. According to the press service, during the meeting the current state and prospects of joint cooperation were discussed. The head of government noted that the Kyrgyz side, as the largest shareholder, was interested in the stable operation of the…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, has been named the winner of the annual competition for information transparency among publicly listed companies in Russia. The “Active Corporate Policy on Information Disclosure” award was established in 2003 by Interfax and AK&M for companies that had excelled…
DetailsIn Q3 Sinarsky Pipe Works received 159.8 million rubles of net profit, down 2.5-fold QoQ. In Q3 2016 net profit was 660 million rubles. In January-September SinTZ received 1.145 billion rubles of net profit, down 2-fold YoY. Sales revenue in Q3 totaled 9.28 billion rubles, down by 1% QoQ. In 9 months the works sold…
DetailsIn September, according to the customs statistics, Russia exported 11.1 thousand tons of corrosion-resistant steel waste and scrap, down by 5.4% YoY, but up 2.1-fold YoY. Revenue increased by 2.2% MoM and 2.3-fold YoY, to $10.8 million. In January-September Russia exported 68.7 thousand tons of scrap, up by 17.2% YoY, valued at $66.1 million, up…
DetailsThe British Standards Institution has audited the quality management system of Lebedinsky Mining and Processing Works for compliance with the new version of ISO 9001:2015. As the result of the inspection the BSI experts have confirmed the correspondence of the current system to the standard and granted the ISO 9001:2015 compliance certificate to the company.…
DetailsBeloretsk Iron and Steel Works has passed the audit of the Russian River Registry and has confirmed its status of manufacturer of steel galvanized ropes for river shipbuilding. The River Registry provides for the safety of voyaging of over 23 thousand ships and floating objects. BMK has been cooperating with the Registry since 2011. The…
DetailsThe Cabinet of Ministers has set the state order for procurement of ferrous and non-ferrous scrap and wastes for state (republican) needs. The customer is the state enterprise on procurement, processing and supply of scrap Belvtormet. The state order for Q1 2018 is 20%, for Q2 – 30%, for Q3 – 25% and for Q4…
DetailsOn November 21-22 the Department of subsoil use of the Central and Siberia Federal Districts held 5 auctions to sell alluvial sites in Zabaikalye region. Zabgoldprom LLC won the auction on the Undurga River site with 220 kg of gold. The company paid 38.76 million rubles for the lot. The site on the river Bombando…
DetailsIn November ZMT passed the audit of its copper pipes for the correspondence with the Warnock Hersey quality system for the supply to the markets of Canada and North America. Intertek (USA) carried out the audit and confirmed the correspondence of pipes to construction norms and safety standards. In January-October ZMT increased sales to Canada…
DetailsThe delegation of the Zagorsky Pipe Works participated in the business mission of Russian companies to the United Arab Emirates. ZTZ representatives suggested supplying pipe products for oil and gas projects, being carried out on the territory of the UAE, as well as to the Near East countries. “Of course the pipe market of the…
DetailsRevda Non-Ferrous Metals Processing Works has developed a technique to manufacture new products – cold-deformed pipes with outer diameter of up to 80 mm of S70600 copper-nickel alloy. Such pipes have improved surface quality, corrosion resistance, strength and thermal conductivity. The pipes are in demand by Russian and foreign companies dealing with energy machine-building. (Ukrainian…
DetailsEvraz NTMK has started manufacturing a unique product for local market – the construction beam of S390 and S440 strength classes. Thanks to alloying with vanadium and the unique manufacturing technique only Evraz NTMK is capable of producing beams of such a high strength type. Since the beginning of the year the company has started…
DetailsSeverstal-Metiz has become the exclusive supplier of rail track fasteners parts to Vossloh. The company has supplied the first industrial batch of fasteners to Vossloh Fastening Systems Rus (the city of Engelsk). Screws with fixed nuts are one of the elements of rail track fasteners. They are widely used all over the world to repair…
DetailsIn January-September Mechel decreased coal output by 8% YoY, to 15.7 million tons. According to the company statement, at the same time coal mining at Elginsky Coal Complex grew by 6%, to 3.05 million tons. Pig iron manufacture increased by 1% YoY, to 3.048 million tons. Steel production went up by 3%, to 3.217 million…
DetailsIn January-September the net profit related to shareholders of Mechel increased 2-fold YoY, to 11.114 billion rubles ($185 million). According to the company statement, in 9 months its profit increased 1.8-fold, to 11.962 billion rubles, EBITDA went up by 42%, to 459.14 billion rubles, and consolidated revenue grew by 13%, to 222.797 billion rubles. In…
DetailsIn January-October Ferrexpo exported 8.491 million tons of iron ore pellets. In particular, its Poltava Mining and Processing Works exported 6.331 million tons of pellets, while Yeristovo GOK – 2.16 million tons. Meanwhile Metalloinvest exported 4.711 million tons of pellets (Mikhailovsky GOK – 2.76 million tons, Lebedinsky GOK – 1.951 million tons). Karelsky Okatysh, a…
DetailsAlchevsk Iron and Steel Works, situated on the temporarily uncontrolled territory of Ukraine, and a part of the Industrial Union of Donbass, has been transferred to the management of Vneshtorgservice of the fugitive businessman Sergey Kurchenko. The same earlier happened with the number of Metinvest companies. At present, according to sources, representatives of the company…
DetailsThe State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan put two brown coal deposits up for auction. The right to develop Shurab field (Samarkandek Zapadniy 1) in Batken district was put out to the tender. The balance reserves of coal at the field amount to 810,000 tons. At least 274,000 tons of them…
DetailsThe shareholders of Russian steelmaker Severstal have approved paying 35.61 rubles per share in dividends for July-September. The record date for the dividends is December 5. In 2016, Severstal paid 24.96 rubles per share, or a total of 20.91 billion rubles, in dividends for July–September. The company also paid 22.28 rubles per share or 18.66…
DetailsIn January-October Kazakhstan exported 23.4 million tons of coal. “Kazakhstan’s coal is mainly exported to the Russian Federation, Central Asia, and several countries of Europe. This year, we have shipped high-quantity coal, more than 2.4 million tons, to Finland. We have started exporting our coal to Japan (the government of the Russian Federation has issued…
DetailsIn January-October the part of Donetsk region, controlled by Ukraine, decreased coal output by 26.8% YoY, to 8.7 million tons.
According to the Main office of the State Statistics Service in the region, in October coal mining increased by 3.5% YoY, but dropped by 37.9% MoM. (Ukrainian metal)
Corum Group, specializing in the manufacture of mining machinery, intends this year to increase sales revenue by 49% YoY, up by 7% from the target, and EBITDA – by 158%. The growth is due to the increase in contract signing by 116% YoY. As the result machinery sales increased by 67%, services – by 34%.…
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