Russia: coal mining in Buryatia exceeds 1 million tons in January-April 2017

In January-April the republic of Buryatia mined 1177.5 thousand tons of coal, up by 50.8% YoY.

According to the regional ministry of natural resources, the increase was the result of the coalmining start at Nikolskoye deposits of Tugnuysky open-pit in June 2016. (Ukrainian metal)

Ukraine: AMKR ranks first in “Transparency Index”

PJSC ArcelorMittal Kriviy Rih is a leader of “Transparency Index” rating among the largest companies of Ukraine in 2016, sharing the first position with DTEK company. In total 100 largest companies of the country took part in the rating. Rating, complied by the Center of CSR Development, distinguishes the level of transparency and available access…

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Ukraine: new owners of Kondratyevsky Refractory Works named

4 individuals have acquired 99.5% of Kondratyevsky Refractory Works shares. In particular, Sergey Petrov, Hennady Lobanov and Dmitry Stepanov as well as another individual have purchased 24.898%, 24.93%, 24.78% and 24.9% of shares respectively. Petrov is the supervisor board chairman, and both Lobanov and Stepanov its members. In 2016 the works received 10 thousand UAH…

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Ukraine: Kremniypolymer and ZTMK owe 0.5 billion UAH for electricity

In addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…

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Russia has enough coking coal for 25 years

Russia has enough coking coal for 25 years, the minister of energy Alexander Novak declared.

“Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)

Russia: OMK to receive Danieli machinery

United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…

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Russia: Ural Steel repairs casting machine No. 3

Ural Steel, a part of Metalloinvest, has in advance finished the scheduled capital repair of the furnace shop casting machine No. 3.

The shop operates 5 casting machines. Each of them undergoes an overhaul every three years according to the schedule. Repairmen have 30 days to conduct all the work. (Ukrainian metal)

Russia: Mechel IFRS net profit up in Q1 2017

The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…

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