The largest VAT refunds recipients in January and February among metal companies were Mariupol Ilyich Iron and Steel Works and Azovstal, parts of Metinvest Group, with UAH 895 (UAH 382.5 million in December 2016) and UAH 856.3 million (UAH 703.1 million), followed by Evraz DMZ with UAH 731.1 million (no refunds in December 2016), the…
DetailsThe situation at the metal works, taken by the DPR-LPR militants from their rightful owners, has become almost critical in just 1 week. Despite the local authorities’ forecasts, which promised to quickly reorient production to Russian and provide up to 70% of the budget revenues from these companies, most of them start to shut down.…
DetailsIn 2016 Beloretsk Iron and Steel Works, a part of Mechel, received 315.5 million rubles of net profits, down 6.6-fold YoY. The works revenue dropped by 2.5%, to 22.89 billion rubles. Export sales decreased by 14.7%, to 4.49 billion rubles, while local sales went up by 1.1%, to 18.4 billion rubles. In Q4 2016 BMK…
DetailsFor the first time in the last 8 years Izhstal, a part of Mechel, has received net profits – 121.4 million rubles in 2016. Its net losses amounted to 1.5 billion rubles in 2015 and 1.8 billion in 2014. In 2016 Izhstal received net profits only in the second half. Q4 2016 saw 205 million…
DetailsNLMK president Oleg Bagrin said that the group was studying the option of buying rolling assets abroad, in particular on developed markets. “We like developed markets, as they provide stability and growth”, he said, adding that new assets should be complimentary to the existing ones and the company strategy. The group also strives to be…
DetailsBy 2018 NLMK will increase iron ore concentrate output by 1.7 million tons, to 16.6 million tons. According to the company statement, in November 2016 it put into operation the pelletization factory at its Stoylensky GOK with the capacity of 6 million tons of pellets per year, which could be increased to 7.2 million tons.…
DetailsIn February the Yuzhniy Mining and Processing Works produced 941.3 thousand tons of iron ore concentrate and 135 thousand tons of sinter, up by 9.2% and by 13.4% YoY respectively.
In January-February concentrate output at UGOK increased by 11.1% YoY, to 1.989 million tons, of sinter – by 26.9%, to 338.9 thousand tons. (Ukrainian metal)
The Pipe Metal Company has started supplying new premium-quality products to its customers – the Light insulated lift pipes (ILP). Last year the company sold 14.5 km of Light ILP to Tyumenneftegaz, a daughter company of Rosneft, as well as Messoyakhaneftegaz, a Rosneft and Gazprom neft JV. The ILP are used as compressor-pump pipes to…
DetailsArcelorMittal, the biggest foreign investor in Ukraine, is concerned about possible negative consequences of railway connection blockade in the east of the country. The blockade of coal supplies from uncontrolled territories of Donbass threatens energy stability of the plant and supply of raw materials needed for production activities. Eastern region, as the source of supply…
DetailsThe State Executing Service has unblocked all Lvivugol accounts. The Lviv region miners will receive their salaries, the regional governor Oleg Sinyutka reported. The miners announced they would go on a strike on March 9, because of the salary debts. The issue was discussed with the regional authorities. According to Lvivugol, on March 6, it…
DetailsThe government of the Magadan region and Status LLC have signed an agreement on the operation at the gold-bearing deposits on the territory of Yagodnoye town district. In 2015-2016 the company invested 470 million rubles in the development of the manufacturing capacities and paid 390 million rubles of taxes. The company also mined 2.6 tons…
DetailsThe loading site of Bashkirskaya Med in Sibay has received the new railroad scales. The cost of the machinery is 1.7 million rubles. “Now our controllers weigh all the wagons. They work day and night. All the weighing operations are automatically saved in the database. Now that we weigh everything ourselves and not with the…
Details15 years ago Yuznhy Kuzbass put a new processing factory Krasnogorskaya into operation. This was the first enterprise in the Kemerovo region to process anthracite. 2002 saw the first record – 150 thousand tons of coal processed at the project capacity of 130 thousand tons per month. In 2003 the processing volumes increased to 1.8…
DetailsIn 2016 the Priagrunskoye manufacturing mining and chemical enterprise (PPGHO) increased net profits to 14.3 million rubles. According to the company CEO Sergey Shurygin, in 2016 it produced 1873 tons of uranium concentrate and mined 3027 thousand tons of coal. In 2013 the company losses totaled 3.5 billion rubles. In 2017 PPGHO plans to put…
DetailsAccording to Russian Copper Company environment, labor safety and industrial safety department director Natalia Gonchar, in 2017 the company intends to invest 1.6 billion rubles into environment protection (1.3 billion invested in 2016). The money will be spent on the protection of air, water, soil, and waste treatment. Moreover, Karabashmed, a part of RMK, environment…
DetailsIn 2016 the prime cost of steel at NLMK decreased by 50% compared with 2013, to $194 per ton. According to the company statement, this is 44% below the average level in the industry. In 2016 energy consumption decreased by 1% as to 2013, metal containing raw materials – by 2%, coal – by 2%,…
DetailsThe Ural Mining and Metallurgical Company intends to increase copper output to 380 thousand tons per year in 3-5 years. According to the UMMC CEO Andrey Kositsyn, in 2016 the company output dropped by 5% YoY, to 350 thousand tons, or some 40% of all the copper production in Russia. The reason is the decrease…
DetailsIn 2016 Uralskaya Kuznitsa (Ural Foundry, a part of Mechel) decreased net profits and increased receivables. In 2015 UralKuz received 2.6 billion rubles of net profits, while last year it dropped to 1.9 billion rubles. Sales profits fell to 1 billion rubles from 1.4 billion. The revenue decreased slightly – by 37.7 million rubles (from…
DetailsIn 2016 the Northeastern manufacturing and geological enterprise (Magadan, a part of the state holding Rosgeologia) finished the second of the three stages of prospecting for gold at the Kim-Tyubelyakh site. The contract, concluded in 2015 and financed by the state, presupposes handing over the final geological report on the site to the customer by…
DetailsThe Industrial Union of Donbass has enumerated its financial and manufacturing losses (of Alchevsk, Dneporvsky Iron and Steel Works, as well as steel plants in Europe) because of the Donbass railroad blockade from February 13 till March 6. During this period of forced idleness Alchevsk Iron and Steel Works did not produce 128.1 thousand tons…
DetailsThe regional division of the Independent Miners Union in Chervonograd decided to stop supplying coal from all Lvivugol mines until their demands were fulfilled. The demands were addressed to the Prime Minister Vladimir Groysman, the head of the Ministry of energy and coal industry Igor Nasalik and the chairman of the Lviv regional state administration…
DetailsIn January-February Russian coal exports climbed by 7.5% YoY, to 27.86 million tons, the Ministry of Energy statistics said.
In February, Russia exported 13,384,600 tons of coal.
Coal production in January-February totaled 65,591,400 tons including 59,557,800 tons supplied. (Portnews/Ukrainian metal)
The energy supply to the town of Avdiivka and the Avdiivka Coke and Chemical Works has been resumed. “We have just restored the electricity line in Avdiivka. Reported to the president. Current went to the town and the coke works”, the Donetsk regional military-civilian administration chairman Pavel Zhebrivsky wrote on his Facebook page. As has…
DetailsThe initiative to prohibit coal imports from Russia could lead to the creation of a new scheme of coal deliveries from the temporarily uncontrolled territories. According to the political scientist Alexei Yakubin, deliveries from uncontrolled territories will not be stopped, but the scheme will change. “Ukraine has no alternatives to the coal mined there. So…
Details