In January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works earned 3.9 billion rubles, up by 25% YoY. The company net profit increased by 6.3% YoY, to 16.1 million rubles. The main factor for the growth of revenue was the increase of non-ferrous rolled metal sales. “Sales increased by 14.7% YoY, to 10.9 thousand tons. With powder sales…
DetailsChusovskoy Iron and Steel Works, a part of OMK, has begun an investment project on the construction of a new mill to produce spring billets. The project will decrease import dependence and increase the company capacities to produce few-leaf springs. The capacity of the new mill will be over 5.7 thousand tons of spring billets…
DetailsThe Federal Antimonopoly Service hosted a meeting on the graphitized electrode market competition. According to the director of industrial control department Nelli Galimkhanova, the meeting was gathered following two claims from Rostov Electrometallurgical Works and Krasniy Octyabr. The situation is difficult, as the market has been experiencing a sharp shortage because of decrease in capacity…
DetailsA ship loaded with 62,000 tons of steam coal last week departed the port of the American city of Baltimore and should arrive in Yuzhny port in Ukraine in mid-September, Ukrainian Ambassador to the United States Valeriy Chaly has reported. According to him, the relevant contract for the supply of coal was signed between the…
DetailsThe state enterprise Vostochniy Mining and Processing Works has not received 160-180 million UAH of profit because of the halt of Smolinskaya and Ingulskaya mines in Kirovograd region, “It’s been three months since the mines stopped operation and the uranium ore was not mined. According to our preliminary calculations, we have suffered some 160-180 million…
DetailsCoal exports via Rosterminalugol Terminal, the largest dedicated coal port in Russia’s North-West region and a member of the largest coal port holding Port Management Company LLC, has reached 16 million tons. The company reported that the milestone was recorded on August 21. The 16-millionth ton was loaded onto Handymax dry bulk carrier Albion Bay.…
DetailsManagement of Dneprovsky Iron and Steel Combine is interested in providing safe labor conditions and competitive salary to its employees. Since the new start of the works 365 employees joined its ranks, all of them local citizens of Kamenskoye. “Even now there is a way to increase wages. We also want to review the bonus…
DetailsVSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…
DetailsThe Arbitrary court of Rostov region has satisfied the claim of Level LLC to Rostov Electrometallurgical Works LLC on the reclamation of 25.9 million rubles. According to the agreement between the companies Level supplied 27.2 million rubles worth of scrap, but because of the untimely payment further deliveries were not carried out, while the buyer…
DetailsThe southern part of the Vograshorskaya mine has 23 million tons of coking coal. “It was impossible to get to those deposits, so we decided to construct a separate sloping hole”, Vorkutaugol executive director Yevgeniy Balukov explained. The construction has been complete, and the company has started preparing the breakage face. The development of the…
DetailsIn January-August gold-extracting companies of Irkutsk region obtained 14.11 tons of gold, down by 2.3% YoY, including 7.466 tons of ore gold and 6.643 tons of alluvial gold. 3 companies mine for ore gold in the region. Pervenets, a part of Polyus, mined 4.18 tons. Vysochaishiy yielded 2.728 tons, and Druza LLC – 558.7 kg.…
DetailsIn January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…
DetailsSberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles).
The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)
On September 18, Metinvest intends to pay $13.22 million to the holders of eurobonds with the maturity date of December 31, 2021. The sum consists of $6.7 million for August 18 – September 18, 2017 of non-guaranteed interest at 6.5795%, paid if the company has free funds over $180 million, as well as $6.318 million…
DetailsUkrzaliznytsia is planning to sell another batch of 128 thousand tons of scrap at an auction. According to the company statement, this year the company intends to sell 213 thousand tons of scrap. As of September 1, 81.5 thousand tons have been sold on three auctions. Last year Ukrzaliznytsia sold only 1.3 thousand tons of…
DetailsPJSC ArcelorMittal Kriviy Rih granted a certificate for total amount of 3 million UAH to purchase special equipment and repair of two patient rooms in the burn ward to Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region Council. Kriviy Rih has big medical center – Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region…
DetailsIn January-July Donetsk region (without the antiterrorist operation zone) decreased output by 12.9% YoY. Coke output in July increased by 7% MoM, but decreased by 12.8% YoY, while metal manufacture decreased by 9.4% and by 25.9% respectively. Coal mining in 7 months totaled 6.4 million tons, down by 23.7% YoY. Pig iron output decreased by…
DetailsIn January-June Sibcable increased enameled wire output by 25% YoY, to 2198 tons. Enameled wire is used to produce and repair engines, electric starters and transformers. It is also used in elevator equipment, electric power plants, etc. Sibcable is the only enterprise over the Urals capable of producing enameled wire. At present it can produce…
DetailsIn January-June Krasnoyarskugol became the leader in power-generating coal mining and sales among Russian Coal enterprises. Coal mining increased by 23% YoY, to 3.2 million tons, while sales rose by 31% because of the growth of deliveries to power generating companies and for exports. In the long-term the Russian Coal Group of Companies will increase…
DetailsAleksandrinskaya Mining Company is improving the system of transport and miners positioning at its copper-zinc mine “Chebachye”. Investments will total 5 million rubles. The system started operating in 2016. As the mine is constantly increasing in size, the system needs to be increased as well. This year 57 new antennae will be assembled in the…
DetailsBratsk Ferroalloys Works has appointed Sergey Sokolov the managing director of the company. The ex-manufacturing and quality director of Kuznetskiye Ferrosplavy replaced the acting managing director Mikhail Mikhailov, who retired. Mikhailov contributed a lot to the development of Bratsk Ferroalloys Works. With his participation the company has reconstructed the smelting furnace No. 4, as well…
DetailsIn July world pig iron manufacture increased by 4.7% YoY, to 101.589 million tons. Ukraine with 1.79 million tons is on the 9th place, followed by Taiwan (1.25 million tons). China remained the leader with 62.07 million tons. In June pig iron manufacture increased by 2.1% YoY, to 99.603 million tons, with Ukraine producing 1.52…
DetailsKola MMC, a part of the Nornickel Group, has embarked on the first stage of the railroad construction at its Monchegorsk site to address an increase in metal production. According to the refining flowchart, the railway transport is used to deliver feedstock (converter matte from Nikel and Norilsk) to the site, transport semi-products obtained at…
DetailsAccording to the State Fiscal Service, because of the seizure of Ukrainian companies on the uncontrolled part of Donbass in April-June the state budget has not received around 110 million UAH, while the local budget – some 125 million UAH. In January-July Ukraine increased anthracite coal imports 2-fold YoY, including from Russia. In 2016 Ukraine…
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