Russia’s RUSAL will overhaul its board and management in the hope the U.S. will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, Reuters reported citing two sources. The sources, familiar with the developments but who asked not to be named because they were not…Details
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In 2017 Zaporizhstal increased net profit 2.5-fold YoY, to 5.118 billion UAH, having increased its net income by 5.2%, to 33.208 billion UAH. According to the company statement, the prime cost of metal sold totaled 23.724 billion UAH. Last year Zaporizhstal produced 3926.4 thousand tons of steel, up by 0.9% YoY. The company also produced…Details
It is planned to produce 20 tons of mercury, 104 tons of antimony and 3,450 tons of fluorite (fluorspar concentrate) this year at Khaidarkan mercury plant, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev declared. According to him, in the first quarter of the year the enterprise received…Details
Ukrainian steelmakers boosted steel output by 4.7% YoY in March, to 1.7 million tons, having slid from the 12th to the 14th place in the international steelmakers rating drawn up by the World Steel Association (WSA). In January-March Ukraine reduced steel production by 2.8% YoY. China continued to top the rating in March with 73.9…Details
In February Metinvest increased the adjusted EBITDA by 29.8% YoY, to $196 million, but dropped by 14% MoM. According to the company statement, its revenue grew by 54.5% YoY, but decreased by 9.4% MoM, to $914 million. In February Metinvest increased metal sales by 47.6% YoY, but decreased by 18.2% MoM, to 1.287 million tons.…Details
In January-March Ukraine produced 4.59 million tons of metal, down by 2% YoY, taking into account operation of metal enterprises in January-February 2017 on the occupied territories. Without them metal output increased by 8% YoY. Exports totaled 3.23 million tons, or 83.3% of the overall output, down from 85% in Q1 2017, or 3.97 million…Details
In January-March Mechel decreased its net losses 1.7-fold YoY, to 5.1 billion rubles. According to the company statement, its revenue grew 2.2-fold, to 2 billion rubles. Gross profit increased 2.1-fold, to 2 billion rubles. Sales profit totaled 1.6 billion rubles, up 2.8-fold. The company fixed liabilities increased by 2.6%, to 239.7 billion rubles, while current…Details
ArcelorMittal Kriviy Rih intends to spend the 2017 profit on the manufacture development. The decision was taken at the recent annual shareholders meeting. A new supervisory board and revision committee have also been elected. Last year AMKR received 66.19 billion UAH of net income, with net profit at 5.06 billion UAH. (Ukrainian metal)Details
China National Petroleum Corporation is building a mini-pipe works with the capacity of 100 thousand tons per year. The works will occupy a territory of 18.3 ha in the industrial zone of Almaty. Investments in the project will total $100 million, with a half to be provided by the Chinese investor. In the long-term it…Details
Information from anonymous sources of agencies Reuters and Bloomberg about Russian aluminum giant UC RUSAL is questionable, the company said on its Facebook page on April 27. “In connection with publication of reports about RUSAL by agencies Reuters and Bloomberg based on information received from anonymous sources of questionable quality, RUSAL’s press office states the…Details
AzerGold closed joint stock company intends to work out a strategic roadmap for integrated development of the mining industry in Azerbaijan, Zakir Ibrahimov, chairman of board of AzerGold CJSC, said. “We intend to work out a strategic roadmap that will reflect a number of key tasks to develop the mining industry in Azerbaijan, as well…Details
Oleg Deripaska plans to keep control over RUSAL even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, Bloomberg reported on April 26, citing people familiar with the matter. Deripaska was counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not…Details
Sinida-1, a part of Seligdar, has started the ore gold mining season. On April 25, after a winter break and modernization, the gold-extracting factory at the Nerundinskoye deposits (Buryatia) was put into operation. “We expect increase in gold extraction. We plan to reach 74% of extraction as opposed to 45% last year. This will be…Details