The supervisory board of Makeevkoks has stopped the office of the board (5 persons), including its chairman Alexander Kolomiychenko. The matter was discussed on March 14, because of the expiration of the office. None has been appointed to the board. The board consisted of Alexander Kolomiychenko, Igor Chebotarev, Irina Ukrepina, Ivan Zolotarev and Tatiana Yemelyanova.…
DetailsMetinvest has transferred 50% of the Central Mining and Processing Works shares from Metinvest B.V. to Metinvest Management B.V. (both registered in the Netherlands at the same address). The share of Metinvest B.V. decreased from 99.7481% to 49.7481%. At the same time the share of Metinvest Management B.V. increased from 0% to 50%. The press-service…
DetailsIn 2019 Tau-Ken Altyn plans to produce 25 tons of gold. According to the works financial director Zhanar Rakhimova, a part of gold from the Bakyrchik deposits with high arsenic content Polymetal will export to China for processing, and after that return it to Kazakhstan. Some gold with lower arsenic content will be turned into…
DetailsPower generating company RusHydro has postponed a decision on joint construction of the Boguchansky aluminum plant or the Taishetsky aluminum plant with Russian aluminum giant UC RUSAL to April, CEO Nikolai Shulginov told reporters on March 16. “We are making preparations. A meeting of the board of directors has been put off to April 1-10.…
DetailsIn 2017 ArcelorMittal Temirtau intends to increase coal concentrate output by 84% YoY, to 4.722 million tons. In February the Vostochnaya central processing factory started a pilot project on increasing concentrate output. With 210 thousand tons according to the business-plan, the shortest month in the year saw 225.1 thousand tons of concentrate produced. In January…
DetailsThe chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…
DetailsIn 2016 Polymetal produced 1.27 million ounces of gold equivalent, up from its target of 1.26 million ounces. The annual gold output totaled 890 thousand ounces, up by 3% YoY, silver – 29.2 million ounces, down by 9% YoY. The gold output plan is 1.4 million ounces for 2017 and 1.55 million ounces in 2018.…
DetailsThe State Property Fund has announced the sale of the Aluminum Foil Works in Zaporozhye. The starting price is 966.43 million UAH, or 1.16 billion UAH with VAT. The fund accepts all offers by April 3. The company has not been operating since the date of its creation – in 2004. It employs the director,…
DetailsThe Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…
DetailsThe processing factory of the Kolskaya Mining and Metal Company will receive a new automated system of technological process management. The previous complex is completely outdated. Moreover its spare parts are no longer produced. The modernization process is carried out gradually. In 2016 new machinery was assembled at the slurry pumping station. Now the specialists…
DetailsAccording to Vadim Dorofeev, the senior manager on coated metal sales of Magnitogorsk Iron and Steel Works, the coating market passed the lowest level of decline last year. In 2016 galvanized steel consumption in Russia totaled 2.88 million tons, down by 2% YoY, while the polymeric coating sector saw an increase of 1%, to 1.9…
DetailsFollowing a request by the non-recognized republics to re-register legal entities in the so-called “DNR” and “LNR”, Metinvest declares a complete loss of control over the operations of all assets on the temporarily non-controlled territory (NCT). Unidentified people arrived at the group’s enterprises and demanded that the assets be re-registered under the jurisdiction of the…
DetailsThe net profit of the metals producer Norilsk Nickel increased by 47%, to $2.531 billion in 2016, as calculated under the International Financial Reporting Standards (IFRS), the company said in a statement on March 15. Revenue fell by 3%, to $8.259 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 9%, to $3.899…
DetailsIn April Ukrainian metal companies expect steel output to drop by 15% form the March planned results, to 1.7 million tons from 2 million tons. According to Ukrmetallurgprom, the April plan also presupposes the decrease in rolled metal output by 16.7%, to 1.5 million tons, and pig iron by 21%, to 1.5 million tons. Such…
DetailsThe Commercial court of the Volyn region has initiated the bankruptcy procedure of the state enterprise Volynugol. The procedure started on March 2. The insolvency case was opened following the claim of the state enterprise Regional Power Grid, which itself has been in the bankruptcy procedure since December 7, 2015. The debt of Volynugol to…
DetailsIn February deliveries of scrap to metal companies decreased by 10 thousand tons MoM, to 220 thousand tons, or the 76% of the necessary volume. Scrap stocks at the metal companies in February decreased by 15 thousand tons, to 105 thousand tons as of March 1. In January-February metal companies received 450 thousand tons of…
DetailsDirectors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…
DetailsThe Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…
DetailsAt present Techno Tube, a part of Special Steels and Alloys company, operates 8 pipe-welding lines, including 6 TIG lines and 2 LAZER lines. According to the SSA CEO Semen Serikov, modernization allowed the works to produce 480 tons of welded pipes in December 2016. In 2017 the company plans to start producing 500 tons…
DetailsIn February Ukrainian metal companies decreased gas consumption by 25 million cubic meters MoM, to 175 million cubic meters. Average daily gas consumption totaled 6.3 million cubic meters, down by 0.2 million cubic meters. In January-February metal companies consumed 375 million cubic meters of gas, up by 18% YoY. Average daily consumption totaled 6.4 million…
DetailsOn March 1-13, the average daily metal output dropped by 7-9% MoM. According to Ukrmetallurgprom, as of March 14, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 7 out of 9 open-hearth furnaces (78%) and 6 out of 16 arc-furnaces were in operation. Alchevsk, Yenakievo and Donetskstal Iron and Steel…
DetailsThe Lugansk regional customs paid 265.4 million UAH to the state budget in January-February, up by 79.6 million UAH YoY. The largest product groups generating imports are coking coal (171.7 million UAH, or 64.8% of the total import revenues), anthracite (27.6 million UAH, 10.6%) and iron concentrates (7 million UAH, 2.7%). Alchevsk Iron and Steel…
DetailsOMZ-Spetsstal, a part of OMZ, has concluded an agreement with the Admiralteyskie Verfy shipyard to deliver metal billets for the Project 636 Varshavyanka submarines. The company will produce billets of special steel grades with mechanical treatment. This is not the first cooperation of the two companies. Previously OMZ-Spetsstal produced and supplied forgings and sheets for…
DetailsOn April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares.
The shares are evaluated at 161.2 million tenge. This will be the starting price.
As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)