The SCM Group corporate social responsibility results for January-June 2016 consolidated in course of preparations of the Group’s non-financial report. In H1 SCM Group paid 16.92 billion UAH in taxes to local and national budgets, showing a 7.7% rise YoY. The company invested about 6 billion UAH in modernization of its production facilities, a similar…Details
The minister of energy and coal industry of Ukraine Igor Nasalik has dismissed Alexei Potanin from the office of the acting general director of Lisichanskugol. According to the company statement, Potatin has been in the office since mid-June, following Boris Perepelitsa, who has been in charge for some 3 months. Lisichanskugol mines energy-generating coal and…Details
After 2 years of idleness Zaporozhye Aluminum Works has resumed the operation of it’s aluminum wire rod line. The shop started producing 9.5, 12.5 and 15.1 mm aluminum wire rod of A7E and A5E 15-20 kg aluminum ingots. On the first day the works produced 40 tons of wire rod. The manufacturing capacity of the…Details
The Dniepropetrovsk Commercial Court of Appeals has refused to satisfy the appeal of Interpipe Niko Tube as to the decision of the Commercial Court of Dniepropetrovsk region of June 6.
According to the decree, the company being a guarantor has to pay Alfa-Bank 1.2 billion UAH of loan debt of Nizhnedneprovsk Tube Plant. (Ukrainian metal)
Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…Details
The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…Details
On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…Details
In January-June Chelyabinsk Zinc Works received 12.53 billion RUR of profits, up by 4.11% YoY. The company gross profits dropped by 4% YoY, to 3.64 billion RUR, while its net profits decreased by 40.72% YoY, to 1.85 billion RUR. According to the company statement, the net profits drop was the result of the zinc and…Details
The State Property Fund of Ukraine will try to sell 37.578% of Lviv Coal Company again. According to the fund statement, the shares will be put up for sale on September 27, at the Ukrainian Stock Exchange with the starting price of 41.34 million UAH. SPF tried to sell the Lviv Coal Company shares in…Details
Corum Group is negotiating ways to enter markets of Turkey, Iran and India.
According to the company CEO Yakov Sidlyarenko, Corum Group’s current primary goal is to increase export sales in Kazakhstan, Belarus, Russia, Poland and Vietnam. (Ukrainian metal)
In August Zaporizhstal decreased pig iron, steel and rolled metal output.
In particular, according to the company statement, it produced 297.3 thousand tons of pig iron, 322.2 thousand tons of steel and 275.1 thousand tons of rolled metal, down by 29 thousand tons, 27.5 thousand tons and 15.6 thousand tons YoY, respectively. (Ukrainian metal)
In January-August Ukraine produced 16.43 million tons of carbon steel, up by 9.3% YoY. Pig iron manufacture went up by 14.5%, to 15.99 million tons, that of rolled metal – by 8.7%, to 14.34 million tons. Metallurgical coke output jumped up by 17.6%, to 8.64 million tons, while that of steel pipes dropped by 4.8%,…Details
Rusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…Details
The President of Ukraine Petro Poroshenko attended Azovstal Iron and Steel Works operating under umbrella of Metinvest Group as part of his visit to Mariupol. At the enterprise, he had a look at the blast furnace No. 4, which is one of the most modern and environmentally friendly furnaces in Ukraine. The facility has been…Details
Corum Group estimates its share on the Ukrainian market of mining machinery in 2015 at 52%.
According to the company CEO Yakov Sidlyarenko, local sales in 2015 dropped by 6.6% YoY, to 72.7%.
Corum is the largest mining machinery manufacturer in Ukraine and a part of System Capital Management. (Ukrainian metal)
Shareholders of Ordzhonikidze Mine-Repairing Works have expanded the supervisory board from 3 to 4 members. According to the company statement, Alexei Polyakov, Nina Laschenko and Alexander Lebed ceased to be members of the board. They have been in the office since April 15, 2014. At the same time, deputy chairman Igor Yuzkov, owning 315.4 thousand…Details
In June Metinvest EBITDA reached $119 million, down by 41.3% MoM. According to the company statement, its revenues in June totaled $559 million as opposed to $533 million in May. Metallurgical division of the company showed an upward trend. Its revenues increased from $423 million in May to $455 in June. EBITDA went up from…Details
In January-July Russia increased zinc concentrate output by 39.3% YoY.
According to the Federal Service of State Statistics, in July zinc concentrate output went up by 13.3% YoY and by 16.3% MoM. (Ukrainian metal)
Energomashspetsstal has signed an agreement with the Indian steel corporation Essar Steel for the delivery of a batch of rolls for hot-rolling mills. The works has already started producing the rolls. According to the company statement, EMSS will supply 4 supporting rolls weighing 160 tons. The products will be completely treated and processed at the…Details
In July Ukraine imported $17.56 million worth of manganese ore, while exports reached $0.12 million. According to the State Fiscal Service, the largest supplier of manganese ore in July was the South African Republic ($7.99 million). In January-July Ukraine imported $57.34 million worth of manganese ore, with exports on the level of $1.4 million. In…Details
In July Ukraine imported $23.11 million worth of coke, while exports totaled $2.43 million. According to the State Fiscal Service, the major supplier of coke in July was Poland ($11.04 million). In January-July Ukraine imported $140.26 million worth of coke, with exports on the level of $15.52 million. In June coke imports totaled $33.59 million,…Details
Russian businessman Alexander Shchukin, a co-owner of holding Sibuglemet, has received controlling stakes in coal company Zarechnaya and the Yurginsky machinery plant, according to the Governor of the Kemerovo region Aman Tuleyev. Zarechnaya was established by Ukrainian businessman Viktor Nusenkis. The assets comprise four mines, an ore dressing plant, a trading unit, and a 50%…Details
In July Ukraine exported $60.29 million worth of ferroalloys, while imports reached $9.58 million. According to the State Fiscal Service, the main consumer of Ukrainian ferroalloys in July was Turkey ($15.13 million). In January-July Ukraine exported $399.4 million worth of ferroalloys, with imports on the level of $48.39 million. In June ferroalloys exports reached $65.15…Details
Russian coal producer Raspadskaya plans to cut its capital expenditures by 8% YoY, $33 million in 2016, CEO Sergei Stepanov said. “The guidance for capex this year – on the whole, we expect $33 million, we will discuss capex for the next year at the end of this year”, he said. Stepanov also said the…Details