Russia: MMK increases production energy efficiency

Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…

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Russia: mine collapses in Kemerovo region

Rescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…

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Russia: Russky Ugol coal sales up in 2018

In 2018 Russky Ugol increased coal sales by 100 thousand tons.

The coal mined in Amur region is supplied to the local market.

In particular, the company sold 3.5 million tons of coal mined at the Yerkovetsky and Severo-Vostochniy pits.

In 2017 sales were on the level of 3.4 million tons. (Ukrainian metal)

Russia: steel exports down in January 2019

In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…

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Ukraine: Metinvest starts shipping via Kherson port

Kherson Sea Trade Port has concluded an agreement and started working with the transport-expeditor company Metinvest-Shipping LLC.

The port has already exported the first batch of 9 thousand tons of rolled metal.

Metinvest-Shipping services cargo in the major ports of Ukraine, as well as transports it by railroad. (Ukrainian metal)

Russia: VSMPO-Avisma sales up in 2018

In 2018 VSMPO-Avisma received 89.069 billion rubles of revenue, up by 23% YoY. The sales profit grew by 40%, to 31.847 billion rubles.

The sales of spongy titanium increased by 17%, to 33.7 thousand tons, valued at 18.789 billion rubles, down by 2%.

EBITDA decreased by 1.4%, or by 989 million rubles. (Ukrainian metal)

Russia: Polymetal gold output up in 2018

In 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces.

Gold manufacture reached 1.216 million ounces, up by 13%.

Silver output fell by 6%, to 25.3 million ounces.

In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)

Russia: Rusal to invest $200 million in Tayshet construction

In 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant.

“We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said.

Last year Rusal was building Tayshet with its own funds.

The new commission time is now Q4 2020. (Ukrainian metal)

Russia: ChTPZ profit up in 2018

In 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…

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