In April-June Lysva Iron and Steel Works received 217.9 million rubles of net losses. Losses in Q1 totaled 57 million rubles. Thus, in H1 the works received 275.2 million rubles of losses against 20 million rubles of net profit in H1 2016. Sales earned the works some 2.79 billion rubles, up by 3% YoY. In…Details
AK Processing intends to put into operation a cathode copper works in Urdzhar region in the East-Kazakhstan district. The cost of the project is 4.58 billion tenge. The works will have the capacity of 2520 tons of copper per year. It will be put into operation in 2018. AK Processing is the daughter company of…Details
In January-June Zhairem Mining and Processing Works received 5.503 billion tenge of net profits, up 2.4-fold YoY. EBITDA also increased 2.4-fold, to 6.962 billion tenge, with gross profit up 2.3-fold, to 9.324 billion tenge. The company assets have increased by 16.8%, to 36.729 billion tenge, with liabilities up by 6.4%, to 6.842 billion tenge. Zhairem…Details
In January-June Russia increased imports of galvanized steel with polymer coating by 36.6% YoY. According to the Federal Customs Service, Russia imported 269.5 thousand tons of steel, with 59% supplied by China, followed by South Korea and Kazakhstan. Chinese price was $789.4 per ton, Kazakhstani – $997.5, and Korean – $1226 per ton. In June…Details
Novgorodsky Iron and Steel Works has completed the scheduled repair of its MAERZ furnace. All the work has been done without side contractors. “Thanks to the combined efforts of the NMZ employees we have completed the repair 18 hours ahead of schedule. This allowed us to start heating the furnace and make products earlier”, the…Details
VIZ-Stal will get new crane machinery for its cold-rolling shop: the company has concluded an agreement with a machine-building works. The bridge crane of the latest generation with the lifting capacity of 22 tons will improve cargo transportation by 10% compared with the previous machine. The company will receive the crane in November, and it…Details
In January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million.
The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%.
Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)
Uraltrubprom has supplied a batch of pipes to Europe of a rare size: 323.9 mm with the wall thickness of 20 mm.
The pipes are manufactured according to EN 10219.
The weight of the batch was 92 tons.
The pipes will be used in construction structures. (Ukrainian metal)
The prosecutor’s office of the Donetsk region is investigating the fatal injury of a constructor of the Mine constructing group No. 1 at the Pokrovskoye Mine Group.
At present the prosecutors believe that the safety rules when working at a highly dangerous site have been violated. (Ukrainian metal)
The first shipment of anthracite coal from the United States, supplied by XCoal Energy and Resources, totaling 85,000 tons should arrive in Ukraine in early September, the embassy of Ukraine in the United States wrote on Facebook. “The shipment of thermal coal to Ukraine was established by an agreement between the Ukrainian state-owned Centrenergo and…Details
Rosterminalugol JSC, the largest dedicated coal port in the North-West region of Russia, part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 15 million tons of coal this year. In 2016, this result was achieved on November 4. The milestone ton of coal was loaded onto Panamax bulk cargo…Details
In April-June MMK-Metiz received 444.6 million rubles of net profit, up 1.8-fold QoQ. In H1 the company received 696.4 million rubles of net profit against 110 million rubles in H1 2016. MMK-Metiz earnings in H1 totaled 9.62 billion rubles, up by 22% YoY. Sales in Q2 increased by 18% QoQ, to 5.21 billion rubles. (Ukrainian…Details
On August 25 Darkhan LLC will put into operation a factory at the Kirchenovskoye gold-silver deposits. The full capacity of 340 tons of ore per year will be reached in Q3. From 2018 the annual output will total 400 kg of gold and 25 tons of silver. The first stage of the deposits will be…Details
Ormet has put the new gyratory crusher into operation at its processing factory ore-preparing department. The capacity of the new machinery is 85-140 cubic meters of material per hour. Investments into the project totaled 14.5 million rubles. Disassembly of the old unit and the assembly of the new one were done in 10 days. In…Details
Bratsk Aluminum Works has received 2 peripheral anode fluting machines. The new machinery has been designed by the company engineers and produced at Rusal subsidiary in Krasnoyarsk. The program to replace machinery at BrAZ has been carried out since 2015. “The new machines are more efficient”, the BrAZ managing director Yevgeniy Zenkin said. The program…Details
The ex-MP of the Verkhovnaya Rada Ihor Gumenyuk is leaving the beneficiaries of Krasnolimanskoye LLC. The seller has already received 10% of the prepayment. The rest should be paid by October. Gumenyuk is selling all his shares (72%). Together with him two minor shareholders also leave the company – Vasiliy Mikulin and Irina Fridman, each…Details
The supervisory board of the Yasinovsky By-Product Coke Plant, situated on the Ukraine-uncontrolled territory, has decreased the number of its members from 7 to 3, having extended the office of the acting chairman Leonid Kuzmichev for 3 years. The other two members, who have remained in the board, are Tatyana Varavka and Marina Kremen. (Ukrainian…Details
In 2016 Ukraine imported $13.07 million worth of gold, down almost 2-fold YoY.
According to the State Fiscal Service, the Netherlands supplied the most gold last year – $8.4 million, Switzerland – $3.8 million.
Silver imports dropped as well – by 7.1%, to $3.6 million. (Ukrainian metal)
The Kharkiv Machine-Building Works “Corum Svet shakhtera” has produced a modernized KA-200 combine for the mine named after Space Heroes. The combine will be used to mechanically take coal from breakage faces and has a chainless haulage system, which increases the equipment life time. The machine will operate at the depth of 370 meters and…Details
Interpipe has appointed Andrei Lukyanov the new products and resources director. The new manager began working on August 1. Lukyanov started working at the Magnitogorsk Iron and Steel Works (Russia), he then was the transformation director at ArcelorMittal Kriviy Rih (2011-2013). While working for Boston Consulting Group Lukyanov participated in Interpipe strategy projects. Before coming…Details
AzerGold has concluded an agreement with Bestcomp Group for the delivery of IT-equipment (computers and accessories). The cost of the contract is 211.57 thousand manats. AzerGold was created by the president Ilham Aliyev’s decree in 2015. It prospects, develops and manages gold- and iron-bearing sites Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden and the Kyuryakchai basin. (Ukrainian…Details
In January-July Russia increased raw and powder gold manufacture by 11.7% YoY.
According to the Federal Service of State Statistics, in July gold output increased by 12.1% YoY, but dropped by 0.1% MoM. (Ukrainian metal)
5 ultrasonic testing units by ScanMaster and BiA have been assembled at the forging complex in the town of Verkhnyaya Salda. Investments totaled 2.7 million euro (188.6 million rubles). VSMPO plans to unite all the ultrasound testing units in one place. For this in July the company started moving 8 units from the south extension…Details