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Ukraine: UMMC net income down in 2018

Ukrainian Mining and Metallurgical CompanyBy admin29.04.2019Leave a comment

In 2018 Ukrainian Mining and Metallurgical Company decreased net income by 44.6% YoY, to 1.736 billion UAH. Last year the company received a net loss of 102.747 million UAH as opposed to 149.255 million UAH of net profit in 2017. The decrease in financial indexes is caused by a long-term decrease of rolled metal price…

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Russia: Severstal and Tenaris to create pipe JV in Surgut

SeverstalBy admin29.04.2019Leave a comment

Severstal and the Luxembourg pipe manufacturer Tenaris have applied to the European Commission to approve a deal to create a joint venture. The new company will produce seamless pipes for the oil industry in the town of Surgut. The JV has been registered in Singapore. The share of Severstal will be 51%, and of Tenaris…

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Kazakhstan: KAZ Minerals operation in Q1 2019

Kaz MineralsBy admin29.04.2019Leave a comment

In January-March, Kaz Minerals produced 70 thousand tons of copper, up by 4% YoY. This year the output is expected to total 300 thousand tons. Aktogay produced 36.7 thousand tons of copper, with 130-140 thousand tons to be produced this year. Sulfide copper manufacture grew by 6% QoQ, to 31 thousand tons, and by 47%…

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Ukraine: new long face commissioned at DTEK Dneprovskoye Mine Group

DTEK Dneprovskoye Mine GroupBy admin29.04.2019Leave a comment

A new long face No. 543 has been put into operation at the Mine named after Stashkov of the DTEK Dneprovskoye Mine Group. It is expected to provide the mine with 185 thousand tons of gas coal. The long face with the length of 182 meters will be in operation for 4 months. Since the…

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Uzbekistan: Almalyk output up in March 2019

Almalyk Mining and Processing WorksBy admin29.04.2019Leave a comment

Due to the increase of capacity, Almalyk Mining and Processing Works produced 12782 tons of raw copper in March, up from the target of 11760 tons. Average daily output was 460 tons, more than the target of 379 tons. Anode copper output target was set at 13493 tons, with 450 tons per day, but the…

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Ukraine: Mariupol Ilyich profits in 2018

Mariupol Ilyich Iron and Steel WorksBy admin29.04.2019Leave a comment

In 2018 Mariupol Ilyich Iron and Steel Works received 3.37 billion UAH of net profit as opposed to 828.06 million UAH of net losses in 2017. EBITDA reached 4.14 billion UAH (-966.21 million UAH in 2017). Net income grew by 39.7%, to 79.09 billion UAH. Undistributed profit in late 2018 totaled 3.72 billion UAH. Last…

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Kyrgyzstan: environmental safety important in exploration of new uranium objects

uraniumBy admin29.04.2019Leave a comment

“It is extremely important for exploration of new uranium objects in the region to be carried out only under the condition of maximum observance of environmental and technical safety,” Special Representative of the European Union for Central Asia, Peter Burian, declared. According to him, at the last donor conference on reclamation of uranium facilities in…

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Ukraine: Donbass miners to be paid European wages

DonetskstalBy admin29.04.2019Leave a comment

Donetsk region mining business continues increasing wages to its employees. As a result, some underground professions already exceed the average level of salary in Poland and the Czech Republic for Ukrainian workers. Average increase in wages reaches 15%. The growth will cover over 10 thousand employees of 8 companies-partners of Donetskstal, including the Pokrovskoye Mine…

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Ukraine: UMCC net profit down in 2018

United Mining and Chemical CompanyBy admin26.04.2019Leave a comment

In 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY. EBITDA dropped by 60%, to 220.7 million UAH. At the same time the net income increased by 12.5%, to 3.213 billion UAH. Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)

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Russia: Rusal issues 15 billion rubles worth of bonds

RusalBy admin26.04.2019Leave a comment

Rusal has placed 10-year bonds valued at 15 billion rubles. The interest rate is 9%. Initial volume of bonds was 10 billion rubles, but the demand allowed the company to increase it to 15 billion. This is the first issue of bonds by Rusal after the sanctions from it have been lifted. In January 2018,…

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Ukraine: mine explodes on occupied territories

miningBy admin26.04.2019Leave a comment

On April 25, an explosion occurred at the Skhidcarbon mine in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia. So far, bodies of three miners have been brought to the surface. The fate of 14 more is still unknown. The accident happened at the depth of 300 meters. (Ukrainian metal)

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Russia: NMZ renews lifting machinery fleet

Novgorodsky Iron and Steel WorksBy admin26.04.2019Leave a comment

Novgorodsky Iron and Steel Works has renewed its special machinery fleet. In particular, the company has received a new Linde H20T-01 forklift truck with the lifting capacity of 2 tons. The cost of the new machine totaled 2 million rubles. The new truck will be used in the copper electrolysis shop. (Ukrainian metal)

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Russia: SinTZ commissions new electric bridge cranes

Sinarsky Pipe WorksBy admin26.04.2019Leave a comment

Sinarsky Pipe Works has commissioned two new electric bridge cranes. The cranes have been assembled in the pipe-rolling shop No. 2. The company intends to replace 10 cranes. (Ukrainian metal)

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