Ukraine: Metinvest works on occupied territory losses up in 2017

Metinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…

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Ukraine: local metal deliveries down in January-February 2018

In January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…

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Ukraine: seized metal works in Kerch hiring again

The illegally nationalized Kerch Iron and Steel Works needs employees.

According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc.

The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)

Ukraine: EMSS to supply supporting rolls to Anyang Steel

Energomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China).

According to the company statement, the first roll will be supplied in October, and the second – in February 2019.

The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)

Ukraine: Interpipe NTZ profits in 2017

In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…

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Azerbaijan: gold output up in January-February 2018

In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY.

According to the State Statistics Committee, in February gold output totaled 608.3 kg.

Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY.

Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)

Ukraine: SevGOK, CGOK and InGOK name squeeze-out price

Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…

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Russia: two employees damaged in Gaysky GOK cave-in

As a result of a cave-in at the Gaysky GOK mine two miners were damaged.

This is the third accident at the enterprise in a month.

The employees are in the emergency clinic.

The regional union promised to help. (Ukrainian metal)