In 2017 the Moscow region-based Electrostal decreased net profit by 8% YoY, to 145.4 million rubles. In the past five years the company has always been demonstrating profit – 158 million rubles, 129 million rubles, 16 million rubles and 370 million rubles in 2016, 2015, 2014 and 2013 respectively. In Q4 2017 the net profit…Details
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In 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY. In 2016 the net profit totaled 38 million rubles. Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles. Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)Details
The reserves of the Dobrovolnoye uranium deposits developed by Dalur are estimated at 7067 tons. Its gradual commission will allow the company to increase output by 2025 to 600 tons per year. Payments to budget will total 25 billion rubles, and some 350 jobs will be created for the locals. The average salary at the…Details
In February Russia produced 3.885 million tons of blast furnace pig iron, down by 2.1% YoY (4.3 million tons in January). In 2 months Russia produced 8.185 million tons of pig iron, down by 2.2% YoY. Ukraine February pig iron output increased by 3.8% YoY, to 1.625 million tons (1.8 million tons), but dropped by…Details
Russian metals giant Norilsk Nickel plans to spend over 1 billion rubles on geological exploration in 2018, Vice President Yelena Bezdenezhnykh said. “This year investments are 13% higher than in 2017 in terms of geological exploration volumes,” she said. “This is over 1 billion rubles.” (Prime/Ukrainian metal)Details
According to the market sources, manufactures of metal wares intend to increase prices in April. One of the major suppliers in addition to a 5% price increase in March has already announced the further growth: in April fasteners will become 10% more expensive, resulting in the price increase for bolts by 5-7%. Experts believe that…Details
The coal mined at the Ukraine-uncontrolled territories of Donetsk region is supplied to Russia, as well as to some enterprises, still operating in the region, “Yenakievo Iron and Steel Works is slightly operating, as well as Makeevka Works, and some mines, for example Komsomolets Donbassa, and mines named after Skochinsky and Zasyadko. Some by-product coke…Details
Mariupol Ilyich Iron and Steel Works has received new machinery for the construction of the continuous casting machine. According to the company statement, the new machine will produce premium slabs. The cost of the equipment is $150 million. The Primetals Technologies machine will ensure the environmental safety of the operation. The project to reconstruct the…Details
In 2017 Zaporozhogneupor, the largest manufacturer of refractories in Ukraine, increased profits by 71% YoY, to 63.9 million UAH. The company assets cost as of late 2017 totaled 99.484 million UAH. Its current liabilities stood at 681.076 million UAH, while consolidated accounts receivable at 355.777 million UAH. In 2016 the company net profit was 37.348…Details
In February steel output in CIS dropped by 0.5 YoY, to 7.675 million tons. According to World Steel Association, in January-February output decreased by 1%, to 16.165 million tons. In February Russia produced 5.15 million tons of steel, down by 5.7% YoY, and 10.85 million tons in 2 months, down by 4.8%. Ukraine in February…Details
PJSC ArcelorMittal Kriviy Rih will allocate 8 million UAH for environmental projects implementation in Kriviy Rih and Dnipropetrovsk region. These projects are included into city and regional programs aimed at environmental issues elimination and environment conditions improvement. PJSC ArcelorMittal Kriviy Rih will finance implementation of new dust suppression technologies on dumps and industrial sites, purchase…Details
Gold production is set to commence in the third quarter of 2018 at the Amulsar gold mine in south-central Armenia, said Lydian International Ltd, the Canadian mining group. Lydian’s management expects mining within the Amulsar project to produce 225,000 gold ounces annually over ten years and reports that it is currently completing construction of the…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Svit Stali LLC the delivery of pig iron and steel valued at 20.97 million UAH. This year the company will supply iron shots at 223450 UAH per ton from Netrika LLC and steel milling balls with the diameter of 60, 80 and 120 mm according…Details