The Vice Prime Minister Vladimir Semashko noted the importance of supporting Belarus Iron and Steel Works. “In 2015 Belarus Iron and Steel Works (BMZ trademark) launched a small-section rolling mill which helped satisfy 60% of the industry’s demand. This is a totally competitive company that is about to enter the international market. But we should…
DetailsProsecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…
DetailsFrom June 1 Severstal will implement the sole management of Karelsky Okatysh and Olkon to increase efficiency of ore mining and quality issues in ore segment. The company will create a separate division in Olenegorsk reporting to Severstal Management subsidiary in Kostomuksha. Maxim Vorobyev, who headed Karelsky Okatysh, will become CEO of Karelsky Okatysh and…
DetailsIn January-April Vostsibugol mined 3.773 million tons of coal in Irkutsk region. The company operates at three open-pit mines: Cheremkhovugol, Tulunugol and Zheronsky. Tulunugol yields the most coal – 2.352 million tons were mined in 4 months. Cheremkhovugol mined 1.197 million tons of coal and Zheronsky – 223 thousand tons. This year the enterprise plans…
DetailsThe director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…
DetailsWhile the Dneprovsky Iron and Steel Works is idle, it carries our repairs. In particular, burners in the converter shop have been switched from consuming the expensive natural gas to coke-oven gas. “This is especially vital because of the natural gas saving and the complete halt of gas deliveries to the works since April 21”,…
DetailsAndrometa is designing and producing metal structures for 2 shops of copper works, being constructed in Kazakhstan. At present most of the metal structures of the first building – the extraction shop – are ready for delivery. The main columns and beams for the 30×103.5 m building with the height of 10 m are made…
DetailsIn 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…
DetailsIn 14 months there will be no profitless mines in Ukraine. According to the minister of energy and coal industry Igor Nasalik, by the end of 2017, 70% of mines will be lossless, and 50% – profitable. “The mines will also start paying for electricity, for which they haven’t paid for 2 years. They will…
DetailsPrime Minister of Ukraine Vladimir Groysman is initiating the cancellation of the mine check moratorium. He has ordered the Ministry of energy and coal industry to prepare a decree to allow checking coalmining enterprises. Earlier the Vice Prime Minister Vladimir Kistion presented the results of the labor safety check of the mining companies. After checking…
DetailsIn 2017 Zaporizhstal has spent over 20 million UAH on organization of health improving season for its employees, their families and veterans. According to the company statement, over 5 thousand employees and their family members will participate in the summer health improvement campaign. The metal works pays up to 70% of the tourist vouchers to…
DetailsIn April industrial output in Ukraine decreased by 1.7% MoM and by 4.6% YoY.
According to the State Statistics Service, in metal industry output decreased by 6.5% MoM and by 10.7% YoY.
Coke output dropped by 2.2% MoM and by 27.3% YoY.
In 2016 industrial output in Ukraine increased by 2.4% YoY. (Ukrainian metal)
In January-March Revda Non-Ferrous Metals Processing Works received 3.3 million rubles of net losses.
In Q1 2016 it received 13.9 million rubles of net profits.
The company earnings increased by 33.6%, to 865.2 million rubles. (Ukrainian metal)
In January-April Amur Zoloto mined 364.2 kg of gold at its deposits and 278.6 kg of silver. All the metal has been smelted at the gold-extracting and processing factory of Yubileyniy GOK. Amur Zoloto intends to construct a module processing factory with the capacity of 100 thousand tons per year at the Perevalnoye deposits. The…
DetailsIn January-March Kazakhstan mined 273.3 billion tenge ($879.627 million) worth of non-ferrous metals ores, up by 11% YoY. In particular, Kazakhstan mined 31.1 million tons of copper ores, up by 42.2%, 1.7 million tons of copper-zinc ores (up by 7.2%), 2.1 million tons of chromium ores (up by 25.6%) and 1.6 million tons of bauxites…
DetailsAccording to the deputy prime minister of Belarus Vladimir Semashko, the country is not negotiating coal supplies with the self-proclaimed Lugansk People’s Republic, a terrorist organization created and supported by Russia. “Belarus has no need for Donbass coal”, he said. The reason for such a statement was the interview of the LPR leader Igor Plotnitsky…
DetailsUkraine has dropped to the 14th position among 67 countries of the Worldsteel rating. China traditionally occupies the first place with 72.777 million tons of steel in April, up by 4.9% YoY. Ukraine produced 1.572 million tons of steel in April, down by 28.6% YoY, losing to Iran with 1.58 million tons of steel, up…
DetailsIn January-April Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.926 million tons of iron ore pellets to Europe and Near East, as well as Japan, Korea and China. Karelsky Okatysh exported 1.945 million tons of pellets, Mikhailovsky GOK – 1.173 million tons, Lebedinsky GOK – 996.4 thousand tons (all three – Russia),…
DetailsIn January-March the volume of foreign trade in Kazakhstan amounted to $16.8 billion, up by 24.2% YoY. Exports increased by 30%, to $10.8 billion, and imports – by 15.1%, to $6 billion. Copper ore exports to China and Russia increased almost 3-fold (from $67 million to $182 million); coal – 2.4-fold, to $146 million to…
DetailsIn January-April Kazakhstan produced 26772 kg of raw gold, up by 24.5% YoY.
According to the Statistics Committee of the Ministry of national economy, raw silver output decreased by 10.1% YoY, to 357310 kg. (Ukrainian metal)
In January-March Azerbaijan imported 71630.6 tons of rolled steel, up by 24.9% valued at $43123.9 thousand. According to the Statistics Committee, ferrous bars imports dropped by 20.3%, to 14829.2 tons valued at $8608.9 thousand, ferrous angles imports went up by 23.7%, to 7654.4 tons at $5318.2 thousand, and pipes – decreased by 73.6%, to 20660.4…
DetailsIngulets Mining and Processing Works, a part of Metinvest, has purchased two 130-ton BelAZs. The keys to giant trucks have been given to the best teams of the company. “InGOK uses only the best machinery in its operation. Within the investment program in May we put to new BelAZs into operation. The new machines are…
DetailsIn January-April Russia increased output of raw gold and gold powder by 4.3% YoY.
According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)
Svetlana Ampilogova has been appointed the acting chief accountant of Zaporizhstal. According to the company press service the ex-chief accountant Natalia Mikhayskaya has been appointed the financial controller of Zaporizhstal. “Natalia Mikhayskaya has been a successful chief accountant, she has been developing the financial function of the enterprise. Now she heads the new for her…
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