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Ukraine: Ukrmetallurgprom and U.S. World Steel Dynamics sign memorandum of cooperation

UkrmetallurgpromBy admin 26.04.2018 Leave a comment

Ukrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…

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Kazakhstan: BAST to increase Maksut capacities

copper, nickelBy admin 26.04.2018 Leave a comment

BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…

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Russia: Kolmar to ship coal to India from 2020

KolmarBy admin 26.04.2018 Leave a comment

Kolmar intends to start supplying coal to India having commissioned the coal terminal in the port of Vanino. After the construction VaninoTransUgol will be able to load large vessels. At present because of the long logistics scheme and low deadweight such a cooperation is unprofitable. Now the company has contracts for the supply of coking…

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Russia: ZTZ railroad sales up in Q1 2018

Zagorsky Pipe WorksBy admin 26.04.2018 Leave a comment

In January-March Zagorsky Pipe Works shipped via railway 67.4 thousand tons of metal, up almost 4-fold YoY. Large diameter pipes accounted for some 95% of the sales. Almost all the pipes were supplied to the Russian oil and gas sector. The main suppliers of sheet steel to ZTZ were MMK, CherMK and UralStal – 104.6…

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Russia: Solntsevskiy Pit coal output up in Q1 2018

coalBy admin 26.04.2018 Leave a comment

The largest coalmining enterprise of the Sakhalin – Solntsevskiy Coal Pit – is increasing output. In January-March it mined 1.5 million tons, up 3.7-fold YoY. In February the miners set a regional record having obtained 650 thousand tons of coal. Last year the enterprise received a new KomatsuPC-3000 excavator with the ladle volume of 16…

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Russia: Polymetal buys Prognoz

Polymetal, silverBy admin 26.04.2018 Leave a comment

Polymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…

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Ukraine: Mariupol Ilyich commissions another gas-purification unit

Mariupol Ilyich Iron and Steel WorksBy admin 26.04.2018 Leave a comment

The sintering factory of Mariupol Ilyich Iron and Steel Works has commissioned the first complex of the modern gas purification. It will allow decreasing dust emissions by 90% and sulfur oxide emission by 43%. Machinery and technologies were provided by Termokimik Corporation (Italy). Investments in the project totaled $220 million. The reconstruction of the sintering…

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Russia: Gaysky GOK to invest 75 million rubles in geological survey

Gaysky GOKBy admin 26.04.2018 Leave a comment

Gaysky Mining and Processing Works is actively prospecting at 5 sites in Orenburg region. The total size of the prospecting works is some 600 square km. In particular, at the Gayskoye deposits the company is surveying the ore reserves below the 1310 horizon. This year the company intends to invest some 75 million rubles in…

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Ukraine: Metinvest given 2 weeks to explain coke market domination

Metinvest Group of CompaniesBy admin 26.04.2018 Leave a comment

The denial of the Antimonopoly Committee of Ukraine to allow Metinvest B. V. to purchase Dneprovsky By-Product Coke Plant is not final. “Having analyzed the situation we provided the company with preliminary results where we see monopolization. This is not a denial – Metinvest can react to the preliminary results”, the committee chairman Yuri Terentiev…

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Ukraine: ZZhRK profit triples in 2017

Zaporozhye Iron Ore ComplexBy admin 26.04.2018 Leave a comment

In 2017 Zaporozhye Iron Ore Complex increased net profit 2.9-fold YoY, to 1.286 billion UAH. According to the company statement, its EBITDA grew 3-fold, to 1.586 billion UAH. Net income increased by 45%, to 3.949 billion UAH. Undistributed profit totaled 3.521 billion UAH. Last year the company produced 4.503 million tons of iron ore, down…

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Ukraine: AMKR profits up in 2017

ArcelorMittal Kriviy Rih ore mining and metallurgical worksBy admin 26.04.2018 Leave a comment

In 2017 ArcelorMittal Kriviy Rih received 66.185 billion UAH of net income, up by 25% YoY. According to the company statement, its net profit increased from 2.704 billion UAH to 5.061 billion UAH. EBITDA grew by 94.3%, to 6.353 billion UAH. The undistributed profit totaled 32.98 billion UAH. Last year the company produced 5.134 million…

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Ukraine: NZF profits in 2017

Nikopol Ferroalloy PlantBy admin 26.04.2018 Leave a comment

In 2017 Nikopol Ferroalloy Plant received 2.67 billion UAH of net profit as opposed to 727.46 million UAH of net losses. Net income grew by 68.4% YoY, to 18.88 billion UAH. EBITDA reached 3.27 billion UAH, as opposed to the debt of 837.67 million UAH in 2016. The undistributed profit totaled 2.34 billion UAH. Last…

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