Buribay Mining and Processing Works, a part of UMMC, expects to receive 222.8 million rubles of net profits in 2017, down by 4.4% YoY. Revenue is expected to increase by 10.5%, to 1.45 billion rubles. This year the company plans to decrease concentrate manufacture prime cost and improve its quality (copper contents to 20%, while…Details
Electrozinc has started testing the new ball mill at the hydrometallurgical shop. The company aims at decreasing environment impact, increasing the zinc solution quality and as the result decreasing expenses to 43 million rubles per year. The results of the new mill operation are positive – the grinding reaches the necessary 0.1 mm, and the…Details
In January-June Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, decreased iron ore pellets output by 9.8% YoY, to 5.16 million tons. According to the group, the 65% Fe content pellets output decreased by 8.5%, to 4.902 million tons, that of 62% Fe content – by 29.1%, to 257.9 thousand tons. The manufacture…Details
In 2016 Metinvest paid over 465 million UAH of environment tax. According to Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko, the works’ share was 72.5 million UAH. At the same time he doubts the efficiency of dividing the environment tax and using it, as 25% of the tax goes to the local budget,…Details
Severstal Distribution has won a tender to supply 900 tons of rebars to the sites 7-8 of the M-11 Moscow – Saint Petersburg federal highway. The metal has been delivered to the partners of the general contractor of the construction Ichtash Astaldo: Stroyuniversal-Invest LLC and Trest Hydromontazh. The rolled metal, supplied by the Severstal Distribution…Details
The government of Ukraine will ask the president to sign the decree on the extension of the scrap export duties of 30 euro per ton, the Prime Minister Vladimir Groysman said in London. “Under the military aggression Ukraine needs metal to provide for its own defense”, he said. In September 2016 the president Petr Poroshenko…Details
In January-June Ukraine increased ferrous metals exports revenue by 21.9% YoY, to $4.081 billion. According to the State Fiscal Service, ferrous metals exports amounted to 19.77% of all export revenue as opposed to 20.13% in H1 2016. In June Ukraine exported $703.436 million worth of ferrous metals. Imports in 6 months increased by 37.7%, to…Details
According to the results of the “Best Kazakhstani Product-2017” competition ArcelorMIttal Temirtau was among the winners of the “Best industrial product”. The company cold-rolled metal was named one of the best products. The local contents in the cold-rolled metal exceed 90%, while exports reach 90%. AMT intends to start producing channels and improve its position…Details
In January-March trade turnover with Russia increased by 34%, to $3.384 billion.
Exports increased by 26%, to $1.67 billion, and imports – by 43%, to $1.714 billion.
Ferrous and non-ferrous metals exports amounted to $283 million, up by 80%. (Ukrainian metal)
In 2018 the Kazakhmys Corporation LLC intends to put the Karashoshak mine into operation. “It was an open-pit copper mine, but now all the mining will be done underground. The ore lies deep, so it’s easier and more efficient to mine it that way”, the company said. The construction of the mine started in 2016.…Details
The Central Mining and Processing Works has implemented an energy saving model, which would decrease the product prime cost. According to the company CEO Dmitry Shevchik, it now uses frequency regulation systems. They allow decreasing electricity usage and increasing the lifecycle of the equipment. At present the company operates 12 electric devices to control pumps,…Details
The miners of the DTEK Pavlogradskoye Mine Group have yielded 2 million tons of coal ahead of plan. In 2016 the enterprise put 6 new long faces into operation and invested 471 million UAH, which allowed it to reach such results. This year the company intends to put 3 more long faces into operation and…Details
Baikalrud LLC intends to construct a Yugo-Zapadniy mine at the Noion-Tologoyskoye polymetallic ore deposits. “Its projected capacity will be 850 thousand tons of ore per year. Earlier we were allowed to start constructing the Yugo-Vostochniy mine with the capacity of 350 thousand tons. It is being constructed. In 2019 we intend to put both of…Details
The Department of the home market protection of the Eurasian Economic Commission has published a report on antidumping investigation as to hot-rolled steel angles originating from Ukraine. The department says that in 2013-2015 the decrease in consumption of the products was 16.7%, the decrease of imports – 41.3%, of manufacture – 16.8%, sales – 16%,…Details
In June the Pipe Works named after Makarov “Profil-Akras” produced 16830 tons of pipes and sold 16200 tons.
In July the company intends to produce and sell 20 thousand tons of pipes.
In January-June the works produced 63 thousand tons of pipes and sold 65 thousand tons. (Ukrainian metal)
The United Mining and Chemical Company has paid 321.848 million UAH of dividends for 2016 to the state budget. This is the largest payment of the type to the state budget in all the company history. This payment has been possible thanks to the increase of profit. If in 2015 UMCC received 630 million UAH…Details
Nornickel presented its Sulphur Project, the company’s largest environmental initiative that would help address the issue of sulphur dioxide emissions. The event was attended by Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology and Transport, Sergei Donskoy, Minister of Natural Resources and Environment, Alexander Neradko, Head of the Federal Air Transport Agency, Elena Bezdenezhnykh,…Details
The minority shareholder of the Industrial Union of Donbass Corporation Sergey Taruta has denied the fact of holding negotiations with Metinvest as to the sale of Dneprovsky Iron and Steel Combine. “As far as I know, this is not true. There are talks with Metinvest as to the debt settlement. But this is not about…Details
Energomashspetsstal has produced and shipped supporting rolls to Mariupol Ilyich Iron and Steel Works. The total weight of the batch is 113.5 tons. In June Mariupol Ilyich specialists audited EMSS as to the possibility of producing heavyweight rolls. “We have successfully passed the audit. Our cooperation will increase Mariupol Ilyich product range and allow us…Details
Gaysky Mining and Processing Works will pay dividends for 2016 in the amount of 3237.83 rubles per ordinary share. According to the company statement, over 2 billion rubles will be spent to pay dividends: 1.514 billion rubles of net profit for 2016 and undistributed profit of other years. The list of shareholders entitled for dividends…Details
Bratsk Ferroalloys Works LLC, a part of Mechel, turns 30. “Our ferrosilicon is well known and praised not only locally, but abroad as well”, the company acting managing director Mikhail Mikhailov said. “BZF is one of the largest enterprises of the city of Bratsk. Its operation is aimed not only at increasing output, but also…Details
In 2016 pollution by enterprises increased by 7.7% YoY, mostly because of the switch from the natural gas to other fuel types. “In 2014 air pollution volumes totaled 3.35 million tons, in 2015 – 2.857 million tons, in 2016 – 3.078 million tons. We believe that the growth is the result of the increase in…Details
In January-May Ukraine sold 857.112 billion UAH worth of industrial products (goods and services), up by 29.7% YoY. According to the State Statistics Service, in May mining and processing industries increased sales by 22.2% (exports – by 26.2%), in particular in mining and quarrying – by 21% (31.7%) and in processing – by 22.4% (25.6%).…Details
European manufacturers of steel pipes have asked the European Commission to extend antidumping duties on seamless pipes from Ukraine and Russia. On July 4 the European Commission officially informed of the start of reviewing the antidumping duties because of their expiration. The duties were introduced in July 2012 in the amount of 12.3% for Ukraine…Details
Gold was illegally mined on Kapchygay-1 site, the State Committee of Industry, Energy and Subsoil Use of the Kyrgyz Republic reported. The committee earlier announced an auction for the sale of placer gold deposit, namely, Kapchygay-1 and Kapchygay-2 section, located in Aksy district of Jalal-Abad region. However, it was canceled because of illegal mining of…Details
Representatives of the Federal Center for Nuclear and Radiation Safety JSC (subsidiary of Rosatom State Nuclear Energy Corporation) took part in the technical meeting of the International Atomic Energy Agency (IAEA) Coordination Group in Almaty, where a strategic master plan for environmental rehabilitation of the facilities of the former uranium production was discussed. The strategic…Details