From June 12 tо 16, the corporate Learning Week will be held at ArcelorMittal University Campus in Ukraine. By tradition, it will consist of the great number of master classes, business games, training sessions and other developmental activities. This year the focus will be made on such aspects as personal growth, interaction with people, state-of-the-art…
DetailsMilitants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, are looking for sales markets for Komsomolskoye Mine Group on the territory of Russia. The terrorists are trying to reorient the once major flux supplier to Russian enterprises. The company employs some 1 thousand people as opposed to around 4…
DetailsThe Ministry of economic development and trade has announced another competition for the office of the Powder Metallurgy Works (Kiev region) director. According to the ministry, applications are accepted through June 23, the competition will start on July 11, and the results will be available on August 4. On February 1, 2016 the ministry declared…
DetailsProduction of thermal and coking coal in Ukraine declined by 3.2% YoY in January-April, to 13.069 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 1.673 million tons of coal or 12.8% of the total output over the period under review, while coal production at the state…
DetailsFerrexpo mining company with assets in Ukraine after a one-year break has decided to pay dividends to shareholders at a rate of 3.3 cents per share. According to a company report on the website of the London Stock Exchange, 99.73% of the shareholders voted for the decision to pay dividends at an annual shareholders’ meeting…
DetailsAfter the two weeks of unpaid vocations, in mid-May the Mine named after Zasyadko in the occupied Donetsk resumed operation. Still the main problem – coal sales – has not been solved. The coal is stored at the warehouses. Their capacity is 140 thousand tons, and they already stock 120 thousand tons. The mine yields…
DetailsAzovstal Iron and Steel Works, a part of Metinvest, will pay dividends to its shareholders from the profits received in 2016 as well as part of the 2014 profits from May 25 through October 27. According to the shareholders decision, taken at the meeting on April 28, the company will pay 0.35 UAH per ordinary…
DetailsIn April Ukraine produced 5.9 million tons of iron ore raw materials, down by 5.1% MoM, or by 323.8 thousand tons. In January-April output dropped by 1.5 million tons YoY, to 23.4 million tons. In April delivery to Ukrainian metal works totaled 2.5 million tons, down by 100 thousand tons MoM. Local prices increased by…
DetailsThe salary of Evraz Sukhaya Balka miners was increased by 20% from May 19.
“As the result of the May 10-11 strike with the demand to increase salary, the company decided to increase wages by 20%”, the chairman of the Independent Miners Union Mikhail Volynets wrote on his Facebook page. (Ukrainian metal)
The board of directors of Gaysky Mining and Processing Works, a part of UMMC, recommends paying dividends for 2016 in the volume of 2 billion rubles from the profit of 2016 and undistributed profit of previous years. In 2014-2015 Gaysky GOK did not pay dividends. The final decision will be taken at the annual shareholders…
DetailsIn April Vyksa Iron and Steel Works, a part of OMK, supplied 153.7 thousand tons of steel via railroad, down by 10.2% MoM and by 1.1% YoY. Delivery to the local market totaled 132.7 thousand tons, up by 4.4% MoM, but down by 10.2% YoY, while exports stood at 21 thousand tons, down by 52.2%…
DetailsMoscow decided to temporarily prolong the moratorium on the export duty of 10% for tungsten ores and concentrates. The duty was imposed in 2013. Last year on request of manufacturers the duty was cancelled until June 1, 2017. This helped Primorsky Mining and Processing Works stay afloat, as it saved some 1.2 billion rubles. The…
DetailsIn January-April the trade turnover of Georgia with Turkey, its main partner, reached $452.29 million, with exports at $76.09 million, up by 18.8%, and imports at $376.2 million, down by 8.4% YoY. According to the National Statistics Service, pig iron and unalloyed steel semi-finished products ranked second in the exports to Turkey at 24652 tons…
DetailsEnergomashspetsstal will supply a large batch of rolls for rolling mills to Zaporizhstal. The order will be fulfilled under the contract concluded in 2011. The company will deliver back-up rolls for cold-rolling as well as work and back-up rolls for hot-rolling. The total weight of the order is 401.58 tons. According to the delivery schedule,…
DetailsMechel-Service has shipped the first batch of rebars for the construction of the President military school in Petrozavodsk, Karelia. The volume of the lot is 200 tons. According to the company statement, the Chelyabinsk Iron and Steel Works (a part of Mechel) rebars are used in the construction of the three-storied building. The construction is…
DetailsNordgold has concluded an agreement with UniCredit Bank on the $75-million loan. “The company is successfully implementing its long-term strategic and operational goals, and the loan agreement with the UniCredit Group bank demonstrates our financial stability and opulence. We are glad of the cooperation with the bank and look forward to mutually beneficial work”, Nordgold…
DetailsEvraz NTMK will get the fifth line of railroad wheel processing. The contract for the delivery of the machinery has been concluded with NSH (Niles-Simmons-Hegenscheneidt). “We have signed an agreement that will allow us to improve wheel processing, thus satisfying the needs of both local and foreign markets in our products. NHS is one of…
DetailsIn 2016 Ukrzaliznytsia brought 11.8 million tons of coal from Ukraine-uncontrolled territories. “As well as 1.3 thousand tons of coke. All the payment was carried out on the controlled territory”, the company said. At the same time, all the railroad transportation between controlled and uncontrolled territories was stopped on March by the order of the…
DetailsIn 2017 Ukrainian energy sphere will consume some 7 million tons of anthracite coal as opposed to 10.5 million tons in 2016. “The difference of 3.5 million tons is covered by gas-generating coal”, the minister of energy and coal industry Igor Nasalik said. At present there is a surplus of gas coal. “The warehouses stock…
DetailsIn late June another vessel with South-African coal would visit the Yuzhniy port. “We expect the next vessel after June 20. That would also be a Panamax”, the port acting director Vitaliy Zhukovsky said. More vessels will follow. “The schedule has been approved. This year together with Chernomorsk port we have to unload 4.8 million…
DetailsIn January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…
DetailsSteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…
DetailsThe Oktyabrskiy mine, a part of Norilsk Nickel, has started the capital repairs of the northern part of the skip shaft No. 1. The repair will see the overhaul of 250 tons of equipment and metal structures. The previous repair was carried out in 2005. The cost of the works is 50 million rubles. The…
DetailsThe new EKG-18 excavator has started operating at the Neryugrinsky open-pit mine of Yakutugol, a part of Mechel. This is the second machine that has started operating there since the beginning of the year. The excavator has been purchased for 600 million rubles within the modernization program. The ladle volume is 18 cubic meters. The…
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