The shares of the Russian coal producer Raspadskaya dropped by around 15% on the Moscow Exchange after the company’s board of directors recommended paying no dividends for 2017, when the company’s net profit increased by 70%, to $319 million, according to the exchange’s data. The shareholders will consider the board’s recommendation at an annual general…Details
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The state enterprise Mirnogradugol has ordered Erlight LLC the delivery of spare parts for belt conveyers valued at 91.95 million UAH. The company has previously supplied similar spare parts to the enterprise. For example, last year it received an order valued at 3.73 million UAH. The company supplies spare parts and equipment produced in Kursk,…Details
DTEK is negotiating with the State Property Fund and the Ministry of energy and coal industry the shutting down of the Belitskaya mine, a part of DTEK Dobropolyeugol LLC. “The Belitskaya mine operation is inefficient. But since it is leased, and not owned by DTEK, it cannot decide its fate on its own”, DTEK Dobropolyeugol…Details
The project on the development of the Durminskoye gold-silver deposits will require 3 billion rubles. “We are prepared to start developing the site this year. But now the issue of financing is critical. We’re negotiating with a potential investor”, the Eastern Mining-Ore Company LLC CEO Anatoly Petukhov said. By 2018 the company has carried out…Details
In January Russia increased ferrous metals imports by 31.7% YoY, to 598.8 thousand tons. According to the Federal Customs Service, the imports of ferrous metals, not counting pig iron, ferroalloys, waste and scrap, reached 439.3 thousand tons, up by 13.2% YoY. At the same time steel pipes imports dropped by 5%, to 43.1 thousand tons.…Details
In 2017 Evraz Dneprovsky Iron and Steel Works received 2381.687 million UAH. According to the company statement, its assets totaled 4.333 billion UAH, current liabilities – 7.155 billion UAH, accounts receivable – 1.535 billion UAH and fixed liabilities – 572.736 million UAH. Steel output last year at Evraz DMZ dropped by 13.2% YoY, to 918…Details
This year DTEK intends to increase combined coal output at DTEK Dobropolyeugol and Belozerskaya 1.7-fold, or by 2 million tons, to 4.8 million tons. “In 2017 five mines yielded 2.8 million tons. This year we intend to reach 4.8 million tons, that is mine 2 million tons more. Actually, the normal capacity of Dobropolyeugol is…Details
In 2017 Druzhkovka Metal Wares Works increased net profit 2.5-fold YoY, to 88.448 million UAH. According to the company statement, undistributed profit as of the end of last year totaled 409.884 million UAH. Last year the company increased current liabilities by 57.3%, to 96.543 million UAH, while fixed liabilities dropped by 26.1%, to 16.316 million…Details
In 2017 Marganets Mining and Processing Works received 811.254 million UAH of net profit, as opposed to 882.735 million UAH of net losses in 2016. Undistributed profit last year totaled 575.906 million UAH. The company current liabilities decreased by 14.4%, to 1142.244 million UAH, and fixed liabilities – by 36.7%, to 353.212 million UAH. At…Details
In 2017 Chelyabinsk Pipe Works received 1.058 billion rubles of net profits, down 4-fold YoY. ChTPZ consolidated profit totaled 4.032 billion rubles, down by 37%. In Q4 2017 the works received 1.884 billion rubles of net profit, up from 39 million rubles in Q3. Revenue grew by 52%, to 37.4 billion rubles. In 2017 ChTPZ…Details
In 2017 consumption of aluminum in Russia increased by 11% YoY, and the trend is expected to continue in 2018 as well. In 2015 consumption fell by 9%, while in 2016 grew by 4%. This year it is expected to grow by 9%, in 2019 – by 13% and in 2020 – by 11%. In…Details
ChTPZ has carried out rebranding of its pipes with premium thread joints. Now on the Russian market these products will be represented under a combined name of ChTPZ Prime, and on the foreign market – Chelpipe Prime. “The rebranding is a part of the company strategy to develop and promote new types of products. Under…Details
In January Ukraine supplied 121 thousand tons of pig iron to Russia, up from 72.8 thousand tons in December 2017. Exports began in November 2017 and in 3 months reached 212.5 thousand tons. Some 65% of exports went to the Rostov region, and the rest – to the Stavropol region. Average price on the Russian…Details