In 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…Details
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Abinsk Electrometallurgical Works intends in late 2019 to put into operation its 5th stage and start producing wire with aluminum-zinc coating. The capacity of the complex will be 24 thousand tons per year. At present there is no manufacturer of such wire in Russia. Investments in the project will total some 2.9 billion rubles. Recently…Details
From May 1, ArcelorMittal Kriviy Rih, the biggest company of mining and metallurgical complex of Ukraine, is raising salaries of all its employees and employees of its subsidiaries by 15% on average and for certain professions – up to 20%. Last year, ArcelorMittal Kriviy Rih raised the salary twice – in May and October. In…Details
Russian metals giant Norilsk Nickel plans to develop projects to produce palladium to counter an expected deficit of the material, necessary for batteries production, on the market, CEO Vladimir Potanin announced. “Electric car producers are worried about the future lack of palladium. The volume of the metal that we produce and sell is absolutely clear.…Details
Krivoy Rog Iron Ore Industrial Complex has published the wages of its employees for February. On February 28 a Gvardeyskaya mine employee published in social networks the data on low salary at the mine. “This site has not fulfilled its manufacturing plan for February – it was only 33.3% fulfilled”, the enterprise noted. After that…Details
The state enterprise Ukrinterenergo has fulfilled its intention to stop electricity supplies to some Lisichanskugol departments. At present only the main fans, pumping and cage hoist are operating at the mines. All the other services have no electricity. The energy company warned the coal miner that this was only a part of the punishment for…Details
The development of the Khokhlovskoye deposit will help Dalur keep its uranium output on the present level. The work started in 2013. In 2015 a local sorption site was put into operation. Soon construction of a railroad base will start not far from the central node of the deposit. (Ukrainian metal)Details
TMK is pondering the IPO of its European division. According to the company deputy CEO on strategy and development Vladimir Shmatovich, the decision could be taken soon. “As early as in H1”, he said. The main reason of the IPO is attracting funds. The group is also working on the American division IPO. But it…Details
VSMPO is reconstructing vacuum arc furnaces Nos. 17 and 18 in the shop No. 31. After modernization they will be able to produce ingots with the weight of 4 tons as opposed to 2 tons previously. The work started in November 2018. In 13 months the furnaces have to yield the first ingots. (Ukrainian metal)Details
The 262 long face of the Vorkutaugol Vorshagorskaya mine has reached its design capacity of 180 thousand tons per month. The reserves of the long face are some 1.325 million tons of coal. The miners intend to finish developing it in September. The long face was commissioned in late January. (Ukrainian metal)Details
On March 11, Metall-Don signed a major export contract to produce metal structures for the Frigia bauxite-alumina complex owned by Rusal. The cost of the contract is 75 million rubles. The structures will be delivered to Guinea by sea. (Ukrainian metal)Details
The Urals enterprises of Evraz in 2018 improved the working conditions of 4 thousand metallurgists and miners. The group spent over 900 million rubles on the labor and industrial safety programs. Some enterprises replaced lighting in warehouses and railroad sites. Others provided their employees with personal protection means. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works has carried out an environment project. One of the rolling shops has been switched to using recycled water in its manufacture. This allowed decreasing water discharge by a third, or by 500 cubic meters per hour. A new water pipeline with the length of 600 meters has been constructed and…Details