Ukraine: Evraz gives 97.7% in Evraz DMZ to Drampisco

Evraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus).

The change in the ownership took place on November 17.

Drampisco and Palmrose B.V. are Evraz’s daughter companies.

In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)

Russia: Chukotka coal output up in January-October 2017

In January-October Chukotka Autonomous District mined 400.8 thousand tons of coal, up by 83% YoY.

Of this volume, Shakta Ugolnaya provided 178.3 thousand tons, down by 19%.

The second largest miner in the region is Beringpromugol LLC, developing the Fandyushkinskoye deposits since December 2016. This year the company has mined 222.5 thousand tons. (Ukrainian metal)

Russia: Ksenievsky Priisk net profit down in January-September 2017

In January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY.

Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%.

In 9 months the company mined 800 kg of gold. (Ukrainian metal)

Ukraine: Selidovugol buys 8 million UAH worth of fuel

The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of motor fuel valued at 8.45 million UAH.

The company has to supply fuel to the Novogrodovskaya, Kotlyarvskaya, Ukraina and Kukharevskaya mines within 5 days from the date of the order.

The agreement is valid through September 2018. (Ukrainian metal)

Uzbekistan: Pakistan to purchase coal

Pakistan intends to purchase 150,000 tons of coal per year from Uzbekistan as soon as the modernization of the Uzbek Shargunkumir JSC finishes, Shargunkumir JSC Director for Future Development, Investment and Capital Construction Sattor Saidov reported. He added that currently the company was not able to provide Pakistan with demanded quantity of coal because the…

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Kazakhstan: plant to supply rails to Russia

Kazakh Aktobe Rail-Belt Plant LLP (ARBP) and Russian Railways signed an agreement on supply of 7,500 tons of R65 rails to Russia. The agreement was signed by the Head of Kazakhstan Railways Kanat Alpysbaev and the President of Russian Railways Oleg Belozerov at the 19th meeting of the Kazakhstan-Russia intergovernmental commission for trade and economic…

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