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The Moscow Exchange switched trade in ordinary shares of pipe producer TMK into a discreet auction mode after the stock jumped by over 20% within 10 minutes, the bourse said in a statement. On March 22, TMK agreed to sell its U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion. (Prime/Ukrainian metal)
DetailsAtomenergomash, a part of the national company Energoatom, has announces its decision to conclude an agreement with Yugpromkomplekt LLC for the delivery of metal wares valued at 645 thousand UAH. Thus, until the end of April, the company has to receive various bolts, nuts, screws, nails, etc. The only competitor of the company was Endar…
DetailsThe EU metal import quotas will be in effect for 101 days. As of March 21, Ukraine has used the following amount of quotas: – hot-rolled metal – 84.1% (1.1 million tons); – cold-rolled metal – 49.03% (50.1 thousand tons); – plates – 22.68% (77 thousand tons); – rebars – 54.68% (34.1 thousand tons); –…
DetailsTigers Realm Coal, mining coking and power-generating coal in Kamchatka, received 10.88 million Australian dollars of net profit in 2018, up by 228% YoY. Coal output grew by 131%, to 576 thousand tons. Sales totaled 393 thousand tons, up by 138%. In particular, coking coal sales went up by 326%, to 179 thousand tons, and…
DetailsUralelectromed has produced 4 million tons of copper wire rod in 20 years. The total length of the rods produced is 8 million km. Uralelectromed is the largest producer of copper wire rod in Russia. Its share on the domestic market is 40%. (Ukrainian metal)
DetailsIn 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…
DetailsRussia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011. The group lost control over the plant 3 years ago. Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018. In February Mechel paid the last installment. (Ukrainian metal)
DetailsIn 2018 Poltava Mining and Processing Works received 5.1 billion UAH of profit, up by 20.25% YoY. According to the company statement, its assets as of the end of 2018 grew by 22%, to 27.9 billion UAH. PGOK current liabilities went up by 0.032%, to 18.842 million UAH, and accounts receivable – by 23.1%, to…
DetailsUiPath, the creator of a leading RPA (Robotic Process Automation) platform, identified the achievements of MMK Group in the field of software robotics. The conference “RPA DAY!” dedicated to the technology of software robotics took place in early March. About 140 people attended the conference, which was organized by QIWI. Heads of RPA of large…
DetailsIn 2018 Zaporozhye Secondary Materials Processing Works (Zaporozhye Vtormet) received 1.924 million UAH of net losses, up by 51.3% YoY. The uncovered losses as of the end of 2018 were 113.131 million UAH. The company current liabilities dropped by 1.1%, to 90.047 million UAH, and it has no fixed liabilities. The accounts receivable decreased by…
DetailsThe investment project “Novokonstantinovskaya mine. Manufacturing capacities development” will help decrease the dependence of the domestic nuclear energy on foreign suppliers of uranium products. The project will also improve the efficiency of uranium oxide concentrate manufacture by VostGOK. In particular, the mine will increase extraction from 200 to 500 thousand tons per year, and the…
DetailsIn February Novovolynskaya No. 9 mine fulfilled its output plan. This has happened for the first time since 2014. Last month the mine extracted over 4500 tons of coal. This allowed not only clearing salary debts to miners, but also paying bonuses. In late 2019 the mine intends to open a new long face. (Ukrainian…
DetailsIn 2018 MMK-Metiz received 544.3 million rubles of net profit. In 2017 the volume of its net profit was the highest – 1.26 billion rubles. Revenue last year totaled 23.08 billion rubles, up by 13% YoY. Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)
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