In January-September Beloretsk Iron and Steel Works received 889.9 million rubles of net profit, down by 28.5% YoY. Revenue grew by 10%, to 19.7 billion rubles, including export revenue up by 41.8%, to 4.6 billion rubles, and local sales at 15.03 billion rubles, up by 2.8%. At the same prime cost went up by 16.8%,…
DetailsHolding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…
DetailsThe state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH. The company will have to supply two motLvivugolors at 850 thousand UAH each. This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)
DetailsEnergomashspetsstal will produce rolls for two ArcelorMittal European plants. According to the contracts signed, 6 back-up rolls will be supplied to ArcelorMittal Sagunto SL (Spain). Another 4 rolls will be produced for ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the rolls will be 355 tons. The products will be shipped in Q3 2019. EMSS and…
DetailsFrom December Irbit Pipe Works will commission a site to apply PPU insulation on pipes. The machinery produced by Polimer Complex (Moscow) will be used. It will allow applying insulation to the pipes with the diameter of 57 to 820 mm. The maximum length of such pipes will be 12 meters. (Ukrainian metal)
DetailsIn January-September Susumanzoloto revenue grew by 26.2% YoY, to 12.349 billion rubles. Profit increased by 17.4%, to 3.691 billion rubles. Net profit went up by 22.9%, to 2.806 billion rubles. Accounts payable as of September 30 totaled 2.794 billion rubles, up from 1.24 billion rubles as of December 31, 2017. The value of the company…
DetailsBeringpromugol is preparing to ship its last bulker this year. The 9th vessel this year will head to Vietnam carrying 18 thousand tons of coal. The coal export season is expected to have been completed by December 1. Beringpromugol LLC is responsible for all Chuikotka coal exports (400 thousand tons this year). In 10 months…
DetailsIn January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY. The increase is due to the operation of Kolmar and Elgaugol LLCs. Kolmar mined 3.83 million tons of coal, up by 24%. And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)
DetailsUzbekistan is carrying out a project to construct in the city of Tashkent a metal plant of the new generation to produce cold-rolled sheet with coating. The plant is expected to be commissioned in Q4 2019. Investments are estimated at EUR 286.7 million. The design capacity of Tashkent Iron and Steel Works will be 0.5…
DetailsPrecious metal prices increased in Azerbaijan on November 19, according to the data published by the Central Bank. The price of gold grew by 7.208 manats, to 2,073.6345 manats per ounce on November 19 compared to the price on November 16. The price of silver went up by 0.0933 manats, to 24.4446 manats per ounce.…
DetailsThe price of one ounce of gold increased by 10.523 manats or by 0.51% last week in Azerbaijan, to 2055.0552 manats. The price of one ounce of silver grew by 0.2308 manats or by 0.96%, to 24.0674 manats. The price of one ounce of platinum dropped by 19.2372 manats or by 1.34%, to 1,434.6028 manats.…
DetailsArmenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…
DetailsZaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards. Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate. Moreover, the European Fund for Quality Management also audited the company. Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)
DetailsIn January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY. Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%. In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)
DetailsIn January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles. Revenue grew by 9.3%, to 60.3 billion rubles. Gross profit increased by 17%, to 27.6 billion rubles. Sales profit totaled 21.8 billion rubles, up by 20.1% YoY. The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)
DetailsPrime Minister Dmitry Medvedev has signed an order to provide a subsidy for the construction of the power line under the infrastructure creation for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia). GV Gold will receive 638 million rubles from the federal budget to construct power lines with the length of…
DetailsKarelsky Okatysh has commissioned the united operation station of crushing and processing site. Now only 1 employee is in control of the whole process. The united operation station is the first step to create a global system to control the company working processes. At the next stage Karelsky Okatysh intends to unite operation stations of…
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