Magnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…Details
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Employees of the Partyzanska Coal Mine in Antratsit (the town in Luhansk region occupied by Russian proxy forces), attempted to organize a strike demanding payment of wage arrears. A journalist and blogger Denis Kazansky, citing a wife of one of the strikers, described the details of the response of the self-styled “authorities”. “Our husbands went…Details
Russian metals producer Norilsk Nickel expects its capital expenditures to amount to $2.3-2.5 billion in 2019 and $2.3-2.6 billion a year in 2020-2022, the company said in a statement on November 19. In 2018 the capital expenditures will amount to $1.6-1.7 billion. Norilsk Nickel will spend $900 million – $1 billion on obligatory projects, including…Details
The main mine fan produced at the Corum Druzhkovka Machine-building Works has been put into operation at the Ingulets Iron and Steel Works. The fan will be providing the enterprise with fresh air for at least 14 years. The new fan has replaced an older version, which has been operating for 25 years. It will…Details
In January-October Kuzbass mined 151.7 million tons of power-generating coal and 60.1 million tons of coking coal. The combined increase was 5.2% YoY. The mines yielded 74.4 million tons of coal (72.3 million tons in 10 months of 2017) and pits – 137.4 million tons (129 million tons). In October Kuzbass mined 15 million tons…Details
In January-October rolled metal output grew by 2% YoY, to 51.3 million tons. In October manufacture dropped by 1.5% YoY and by 0.4% MoM. According to the Federal Service of State Statistics, Russia produced 43.1 million tons of pig iron, on par with 10 months of 2017. In October output decreased by 3.4% YoY, but…Details
The Russian Steel Association has decreased its forecast on steel consumption in Russia in 2018 to 1% from 2.6% in June. At the same time, for the first time since 2013 the dynamics of metal consumption stagnation has switched to the growth, which equaled to 5.1%. In 2016-2017 machine building was the main driver of…Details
Employees of the mine named after Kapustin (Lisichanskugol) after 30 days have stopped their hunger strike and returned to the surface. “The salary debts to the above ground employees will also be partially cleared”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. The miners demanded their salary…Details
Norilsk Nickel can increase metal output in five years on the background of the expected growth of the global demand for nickel from the rapidly developing electric car market. The company intends to have increased nickel and copper output by 15% and platinum-group metal by 25% by 2025 as compared with 2017. In particular, nickel…Details
From October 1 Zaporozhye Iron Ore Complex has increased wages by 15%. According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees. ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)Details
In April-May 2019 Zaporizhstal will complete the preparation of the site for the construction of the oxygen-converter shop. According to CEO Rostislav Shurma, the company is also constructing a 2.5km road. The construction of the shop has been entrusted to Metinvest Engineering. At present some 50 machines are operating at the construction sites. The CEO…Details
In January-September Beloretsk Iron and Steel Works received 889.9 million rubles of net profit, down by 28.5% YoY. Revenue grew by 10%, to 19.7 billion rubles, including export revenue up by 41.8%, to 4.6 billion rubles, and local sales at 15.03 billion rubles, up by 2.8%. At the same prime cost went up by 16.8%,…Details
Holding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…Details