On June 26 the State Treasury Service transferred 7.56 billion UAH of budget reimbursement of VAT to companies. ArcelorMittal Kriviy Rih accounted for the largest amount of reimbursement – 635 million UAH. The company is followed by Metinvest-affiliated enterprises: Zaporizhstal – 606.8 million UAH, Mariupol Ilyich Iron and Steel Works – 460.8 million UAH and…
DetailsZagorsky Pipe Works has started fulfilling the order of the sole heating supplier of the city of Tyumen – USTEK. The corresponding contract was signed in early June. ZTZ will supply pipes with the diameter of 530 to 820 mm in polyurethane foam insulation according to GOST 30732-2006. The combined length of the pipes and…
DetailsIn January-May Nikopol Ferroalloy Plant decreased output by 7.1% YoY, to 320.057 thousand tons. In particular, the manufacture of silicomanganese dropped by 10.5%, to 291.98 thousand tons. At the same time, the ferromanganese output increased by 28.1%, to 19.55 thousand tons. The company also produced 9.04 thousand tons of other ferroalloys, up 2.4-fold. (Ukrainian metal)
DetailsThis year Mechel coal output plan envisages the increase to 20-25 million tons. “Last year the output dropped by 9% YoY, to 18.8 million tons. Thus, the optimistic scenario presupposes the restoration of the output almost to the level of 2017. In 2020 the company sees the potential of the coal output growth to 25…
DetailsRusal Bratsk intends to place bonds valued at 15 billion rubles. In particular, the company will place 15 million notes with the nominal value of 1 thousand rubles each. The maturity will be 10 years. (Ukrainian metal)
DetailsAt the annual meeting on June 25, the shareholders of Chelyabinsk Zinc Works decided not to distribute the 2018 profit and not to pay dividends. The profit will be spent to finance the company investment programs. Last year ChTZ decreased net profit 3-fold YoY, to 1.8 billion rubles. The decrease is due to the company…
DetailsIn April Russia exported 454.6 tons of tin ore and concentrate, up by 652% MoM and by 532.4% YoY. In January-April exports went up by 381.4% YoY, to 515.1 thousand tons. In monetary terms the exports since the start of the year have increased by 889.5%. In April the price dropped by 4%, to $9.3…
DetailsIn April the export of raw copper from Russia totaled 56.7 tons, down by 74.8% MoM and by 50.4% YoY. In 4 months exports fell by 62.8%, to 508.7 tons. At the same time, the price grew by 27%, to $15.9 per kg. Kazakhstan accounted for 99.6% of purchases. Since the start of the year…
DetailsIn April Russia exported 426.8 tons of copper rods and sections, down by 9.2% MoM and by 20.7% YoY. At the same time the price has increased by 7.4%, to $6.6 per kg. In 4 months exports dropped by 5.2%, to 1.7 thousand tons, and in monetary terms – by 4%. (Ukrainian metal)
DetailsThe Ministry of Economy of Kyrgyzstan proposes to increase the tax rate on the income of mining and mining-processing enterprises by 3% in the case of sale of gold ore and concentrates and revise the tax royalty base in sale of metal ores and concentrates. Amendments to the Tax Code have already been submitted for…
DetailsRussian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…
DetailsThe shareholders of the Russian metals and mining group Mechel have approved paying 18.21 rubles per preferred share in dividends for 2018, or a total of 2.527 billion rubles, and no dividends on common shares. The record date is scheduled for July 18. For 2017 Mechel paid 16.66 rubles per preferred share, or a total…
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