Lysva Iron and Steel Works has confirmed its decision to temporarily halt the investment project. In 2014 the company started the project on the construction of the sheet-rolling complex consisting of two stages. The first part of the first stage saw the assembly of the Printech coating line with the capacity of 110 thousand tons…Details
Miners of Krivoy Rog Iron Ore Industrial Complex, which have previously refused to return to the surface, have been promised a 20% increase of salary. “The negotiations between administration and the miners are going on. The first stage presupposes the increase of salary by 20%. By the end of summer the wages could increase by…Details
In April Yuzhniy Mining and Processing Works increased concentrate output by 12.6% YoY, to 1.001 million tons. According to the company statement, sinter output decreased by 8.9%, to 124.8 thousand tons. In January-April UGOK produced 4.04 million tons of concentrate and 575.6 thousand tons of sinter, up by 12.1% and by 8.1% YoY respectively. Last…Details
In January-March Metinvest decreased iron ore concentrate output by 16% YoY, to 6.68 million tons, coal concentrate – by 1%, to 792 thousand tons.
At the same time, if compared with Q4 2016, iron ore concentrate remained flat, while coal concentrate increased by 8%. (Ukrainian metal)
In 2016 Seligdar received 3.696 billion rubles of net profits as opposed to the net loss of 1.362 billion rubles in 2015. According to the company statement, its profits before taxation reached 4.632 billion rubles (1.672 billion of losses in 2015), and EBITDA – 5.046 billion rubles, up 1.4-fold. Seligdar increased earnings by 39.1% YoY,…Details
In 2017 Amur Minerals LLC will spend 170 million rubles on prospecting works on the gold-copper-porphyrites deposits of Malmyzh. By 2021 the company intends to construct and put into operation the mining and processing works at Malmyzh with the capacity of 30 million tons of ore per year. The reserves of the site will be…Details
This year Khabarovsk region intends to produce 19.55 tons of gold and 1.55 tons of platinum. According to the local ministry of natural resources, last year gold output was 19.5 tons. The increase in gold output is expected thanks to the new deposits put into operation. Investments in the industry in 2015-2016 exceeded 16 billion…Details
The subsidiary of Uralelectromed – “Proizvodstvo polymetallov” (Polymetal manufacture) – has started producing fuel briquettes to be used as fuel for mine furnaces. The prime cost of 1 ton of briquettes of coke breeze and dust is twice as low as that of coke. According to the subsidiary chief engineer Oleg Belyaev, this is a…Details
Designers from Uralmekhanobr have completed the documentation for the third stage of the copper electrolysis shop at Uralelectromed with the increase of cathode capacity to 400 thousand tons per year. “As to the machinery, automatization level, environment safety, and labor conditions the new shop meets all the modern world standards”, the project chief engineer Konstantin…Details
Miners from 5 Krivoy Rog Iron Ore Industrial Complex mines refused to return from underground after the night shift. “All the night shift of the Rodina, Gvardeyskaya, Ternovskaya, Krivbassshakhtoupravleniye and 10 miners of the Octyabrskaya mine remained underground. They demand increase of wages”, the chairman of the Confederation of Free Unions of Ukraine Mikhail Volynets…Details
In April Dneprovsky Iron and Steel Combine received the most VAT among mining and metal companies – 1.205 billion UAH. According to the State Treasury, it was followed by Azovstal with 520.2 million UAH and ArcelorMittal Kriviy Rih with 453.8 million UAH. Mariupol Ilyich Iron and Steel Works received 376.3 million UAH, Zaporizhstal – 296.9…Details
In January-March Chelyabinsk Pipe Works received 608.2 million rubles of net losses against 2.4 billion rubles on net profits in Q1 2016.
The group income dropped by 10% YoY, to 24.775 billion rubles. Sales profits decreased to 1.2 billion rubles from 4.3 billion rubles. (Ukrainian metal)
The stock of anthracite coal at thermal power plants in a week decreased by 22.9%, to 30.5 thousand tons. According to the Ministry of energy and coal industry, all coal grades stocks at the thermal and heating power plants decreased in a week by 13.7%, to 90.6 thousand tons. At the same time stocks of…Details
In April Zaporizhstal increased pig iron output by 4% YoY and steel by 5.4%. According to the company statement, it produced 279.6 thousand tons of pig iron, 317.3 thousand tons of steel and 265.8 thousand tons of rolled metal. Steel and pig iron output increase has to do with the increased operation of blast furnaces…Details
As of May 1, Druza LLC (a gold-mining company from Irkutsk) mined 229 kg of ore gold at the Nevskoye deposit. The company also owns the Bolshoy Dogaldyn alluvial gold site. Sand washing will begin there in June. This year the company intends to process 850 thousand tons of ore and 100 thousand cubic meters…Details
In 2016 Yekaterinburg Non-Ferrous Metals Processing Works increased output by 20%, and precious metals refining by 10%.
The company earnings decreased by 12% YoY, to $346 million, with exports amounting to $235 million.
Net profits dropped to $8 million from $23 million in 2015. (Ukrainian metal)
In 2016 Trubprom started developing new manufacture – large diameter pipes of stainless steel.
According to the company director Ilya Vorontsov, last year Trubprom received trial orders, and this year it has many more.
The company has also modernized the mill, having increased the range of products. (Ukrainian metal)
Severstal has started producing the DP600 dual phase ferrite-martensite pickled hot-rolled steel with increased strength. This steel is used in the manufacture of wheel disks and automobile parts. The new steel grade is manufactured at the 2000 mill in the Cherepovets Iron and Steel Works sheet shop. “DP600 steel grade will allow us to increase…Details
In January-March Ukraine mined 10 million tons of coal, down by 3.3% YoY, or by 327.8 thousand tons. In particular, power-generating coal output reached 8.6 million tons, up by 7.8% YoY, or by 616.8 thousand tons, coking coal – 1.8 million tons, down by 13.9%, or by 289 thousand tons. Despite the total increase in…Details
In April Ukraine decreased steel output by 28.6% YoY, to 1.572 million tons. Pig iron output dropped by 30.1%, to 1.443 million tons. Rolled metal production decreased by 31.9%, to 1.341 million tons. In January-April Ukraine decreased steel production by 15.8% YoY, to 6.975 million tons, pig iron by 20.1%, to 6.324 million tons, rolled…Details
About 20 companies lost their licenses to develop deposits. The decision was made by the State Committee of Industry, Energy and Subsoil Use. The licensing commission suspended the development of four coal deposits: Kok-Yangak, Kozhokelen (the section of Torpu), Suluktinskoye, and Turuk. “United Coal Company” lost two licenses for Karatutskoye field. “Altyn-Beshikkomur” LLC was deprived…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 7 million tons of coal this year as of May 2. According to the company, the terminal’s throughput surged by 39% YoY. The milestone ton was loaded onto…Details
DTEK Pavlogradskaya Central Processing Factory in 43 years has processed 150 million tons of coal. This coal is supplied to 5 out of 7 Ukrainian thermal power plants, operating on gas-coal. In 2016 the factory processed 4.8 million tons of coal, an absolute maximum in its history, producing 2.9 million tons of concentrate. “The factory…Details
DTEK Pavlogradugol has reached a total record of coal mining in its history, having yielded 1.8 million tons of coal in March. The previous historical maximum was reached in December 2013 (1.683 million tons), then in September 2016 (1.674 million tons) and in November 2016 (1.678 million tons). The most coal in March was mined…Details
In 2016 Velikoanadolskiy Refractory Works received 237.888 million UAH of net income, up by 50.1% YoY. According to the company statement, its net profit totaled 10.444 million UAH against the net loss of 30.159 million UAH in 2015. The undistributed profit was 14.288 million UAH, with EBITDA profit at 9.977 million UAH as opposed to…Details
State enterprises from Donetsk and Lugansk regions will head the list of the most profitless coal companies in 2017. Toretskugol with the coal prime cost of 5804 UAH per ton and Pervomayskugol (4250 UAH per ton) will get the most losses this year. The reason for this is ineffective management and non-transparent operation of the…Details