Norilsk Nickel, the world’s largest refined nickel and palladium producer, hosted its annual strategy day. The management reported on the main results of the completed strategic cycle of 2013-2015 and set key goals and priorities for the next strategic cycle of 2016-2018. In 2013-2015, a significant progress was achieved in transforming Norilsk Nickel into a…Details
Shareholders of Zaporozhkoks have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top managers at Metinvest Holding) and Andrei Akulich (Zaporizhstal commercial director) have been elected members of the board for 3 years. At the same…Details
Shareholders of Yenakievo Coke Plant have dismissed Vitaly Litovka from the office of the supervisory chairman and appointed Vitaly Romansky instead.
According to the company statement, Romansky was the financial director of the plant. Shareholders have also reelected Alexander Mironenko, Oleg Gres, Ivan Avramov and Dayana Ivanyushenko members of the supervisory board. (Ukrainian metal)
Shareholders of Evraz Bagleykoks have reelected Sergey Burilin the company CEO. According to the company statement, he has been reelected for 1 year. The shareholders have also dismissed Palmrose B. V. (the Netherlands) and Dmitri Furmanov from the supervisory board and appointed Alexander Rybalko (representative of Palmrose B.V.), Lyudmila Garmash and Dmitry Skotarenko instead. (Ukrainian…Details
Head of Lugansk regional military-civilian administration Yuri Garbuz visited Lisichanskugol and Pervomayskugol. “I want to experience and understand the problems of the coal industry in the region. I know there are salary problems and others as well, of which I hope you will tell me”, explained Garbuz the reason for his visit. According to him,…Details
In 2015 Kharkiv Coke Works decreased its net income by 8.3% YoY, to 454.44 million UAH. According to the company statement, its net profits dropped by 37.5% YoY, to 7.76 million UAH. Its EBIT decreased by 79.4%, to 3.11 million UAH, with its retained earnings on the level of 29.36 million UAH. Last year the…Details
In January-April ArcelorMittal Kriviy Rih produced 1.9 million tons of rolled metal, up by 11.8% YoY. Steel smelting went up by 5.6%, to 2.13 million tons, pig iron output increased by 11.7%, to 2 million tons, all YoY. Coke production grew by 10.4%, to 670 thousand tons, that of iron ore – by 20.6%, to…Details
A Kiev court has arrested the co-owner of a major scrap procurement and processing complex KVV Group Yevgeny Kazmin on the request from the State Security Service. Kazmin is suspected in financing activities connected with the changing of the country borders and the state border of Ukraine. Kazmin oversees construction of housing in the Russia-annexed…Details
Shareholders of Ingulets Mining and Processing Works have decided to increase the supervisory board from 1 to 5 members. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them representatives of Metinvest B. V.) and Alexander Bliznyuk have been elected members of the board for 3 years. At the…Details
In 2015 Ordzhonikidze Mining and Processing Works received 3.59 million UAH of net profits, up by 38% YoY, or by 992 thousand UAH. According to the company statement, its net income went up by 17.97% YoY, or by 180.67 million UAH, to 1.18 billion UAH. This year OGOK plans to produce 947.6 thousand tons of…Details
In January-April Ukraine exported 94.02 thousand tons of ferrous scrap metal, down by 76.9% YoY.
According to the State Fiscal Service, export revenues reached $16.84 million, down by 83.3% YoY. At the same time, in April Ukraine exported 82.47 thousand tons of scrap, with only 11.54 thousand tons in Q1. (Ukrainian metal)
Norilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…Details
In 2015 Russian companies illegally imported 1.3 million tons of anthracite from the occupied territories of Ukraine. This coal was then exported to Europe and Africa, according to the Russian Customs Service and Russian Railroads. Most of the companies don’t state the origin of such coal. Last year Russia exported some 800 thousand tons of…Details
Turkish investors plan to modernize Lvivugol mines and buy coal.
According to the Lviv regional state administration, managers of Lvivugol met the Turkish delegation and discussed financing of mine modernization.
The Ministry of energy and coal industry has postponed the privatization of coalmines for indefinite time due to the large debts. (Ukrainian metal)
General director of Volynugol Valentin Kiselev has resigned after his meeting with the minister of energy and coal industry Igor Nasalik.
Earlier the mine groups of Volyn have asked the minister and the director of coal and peat department Anatoly Korsun to fire Valentin Kiselev from his office. (Ukrainian metal)
In January-April Ukraine imported 26.77 thousand tons of hot-briquetted iron (a substitute for scrap), up 9.6 times YoY.
All the imports came from Russia.
According to the State Fiscal Service, Ukraine spent $3.7 million on imports, up 4.5 times YoY. (Ukrainian metal)
In January-April Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, produced 3.85 million tons of pellets, down by 1.7% YoY.
At the same time, concentrate output increased by 2.6%, to 4.85 million tons.
In April the group produced 973 thousand tons of pellets and 1.17 million tons of concentrate. (Ukrainian metal)
In January-April Interpipe Steel produced 192 thousand tons of steel, up by 7.9% YoY. In April the works produced 44 thousand tons of steel, with 57 thousand tons in March. Last year the company produced 596 thousand tons of steel, down by 32% YoY. Due to the absence of scrap the works was idle for…Details
Zaporizhstal has started assembling gas-purifying equipment at its sintering machine No. 5. The machine was stopped on May 15, and the assembly is expected to finish in 45 days. “Zaporizhstal has been assembling gas-purifying equipment according to the schedule. We try to find resources for ecological modernization even today, under extremely difficult conditions. We invest…Details
Zaporozhtransformator has concluded an agreement with ArcelorMittal Temirtau. According to the agreement, the company will produce and deliver the 110 kW transformer. The same transformer was produced and delivered to the works in 2015. “The peculiarities of the new agreement are the delivery terms – we have to ship the transformer in July. We have…Details
In 2016 ArcelorMittal Kriviy Rih expects to see substantial financial results increase.
“The price situation is improving, we can feel it. If there are no surprises, I’m sure 2016 will be much better than 2015”, said the company CEO Paramjit Kahlon.
AMKR also intends to increase output by 7% YoY. (Ukrainian metal)
Mechel, one of the leading Russian mining and metals companies, announces 2015 operational results. Production: Product 2015, thousand tons 2014, thousand tons % Q4 2015, thousand tons Q3 2015, thousand tons % Run-of-mine coal 23,181 22,624 +2 5,776 5,957 -3 Pig iron 4,065 3,946 +3 1,006 1,014 -1 Steel 4,321 4,269 +1 1,081 1,093 -1…Details