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The largest Russian gold miner Polyus in January-March increased output by 17% YoY, to 450 thousand ounces. According to the company statement, the growth was stipulated by the output increase at Olimpiada, Blagodatnoye and Kuranakh deposits. Ore processing increased by 4%, to 6.6 million tons. Ore mining went up by 26%, to 8.6 million tons.…
DetailsIn 2016 the total earnings of Chelyabinsk Zinc Works increased by 26% YoY, to 30347 million rubles. The main driver for the growth was the zinc price rise at LME – by 9% YoY, to $2095 per ton. The company net profits totaled 4016 million rubles as opposed to 3750 million rubles in 2015. EBITDA…
DetailsIn 2017 Dneprovsky Iron and Steel Combine plans to increase steel output by 59.7% YoY, or by 1.16 million tons, to 3.1 million tons. According to the company statement, pig iron output is expected to increase by 51.3%, to 2.94 million tons, rolled metal – by 25.8%, to 561.2 thousand tons. In 2016 DMK received…
DetailsIn 2016 Marganets Mining and Processing Works received 535.28 million UAH of losses as opposed to 6.7 million UAH of profit in 2015. According to the company statement, its net income decreased 2.7-fold YoY, or by 1.17 billion UAH, to 676.39 million UAH. In 2015 MGOK received 6.7million UAH of net profits, up by 1.17…
DetailsShareholders of Azovstal Iron and Steel Works at a meeting on April 28, decided to pay 1.47 billion UAH of dividends (0.35 UAH per share). According to the company statement, the dividends will receive a part of the profit, received by Azovstal in 2014 (915 million UAH), and profit for 2016 (558.42 million UAH). In…
DetailsIn January-March Metinvest increased steel output by 1% QoQ, to 2.07 million tons. According to the group statement, Azovstal increased steel output by 139 thousand tons and Mariupol Ilyich Iron and Steel Works – by 96 thousand tons, which compensated for the drop of production at Yenakievo Iron and Steel Works by 223 thousand tons.…
DetailsIn January-March Metinvest increased rolled metal output by 6% YoY, to 1.586 thousand tons. According to the group statement, flat rolled metal output increased by 151 thousand tons, mostly thanks to Azovstal increase – 170 thousand tons, and Mariupol Ilyich – 8 thousand tons, as well as coil output at European works – 17 thousand…
DetailsPJSC ArcelorMittal Kriviy Rih (Dniepropetrovsk region) will not pay dividends for 2016, but will direct net profit in the amount of UAH 2.704 billion for development of production. According to a plant press release, this decision was made at an annual general meeting of shareholders on April 27. The shareholders heard the reports of the…
DetailsLipetsk Pipe Company increases output. At present the company ships 400 tons of products, supplying ductile iron pipes both to Russia, and foreign markets. Some sites work in three shifts. Ductile iron pipes could serve for 80 years. “Each month we open new markets for our products. We’ve received orders from Sweden, we’re shipping to…
DetailsIn January-March Azovstal Iron and Steel Works received 558 million UAH of net profit as opposed to 1.8 billion UAH of losses in 2015. The company net income increased by 24%, to 32.7 billion UAH. In 2015 Azovstal received 1.8 billion UAH of losses as opposed to 916 million UAH of profits in 2014. (Ukrainian…
DetailsDTEK imported coal price is 2800 UAH per ton, or $105.5 per ton. “2800 UAH is unloaded coal at the port. Plus 200 or 150 UAH for delivery”, the company CEO Maxim Timchenko said. DTEK is prepared to import 2 million tons of anthracite, if the tariff for thermal power plants under condition of 3000…
DetailsAt a meeting held on April 28, NLMK Group’s Board of Directors recommended the company’s shareholders approve of payment of Q1 dividends at the upcoming Annual General Shareholder Meeting (AGM) to be held on June 2. Board of Directors recommended NLMK shareholders approve of Q1 dividends of RUB 2.35 per share, equivalent to 77% of…
DetailsMechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…
DetailsThe Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on April 28, during which the agenda for the Annual General Shareholder Meeting (AGM) to be held on June 2, was approved. The list of persons entitled to participate at the AGM…
DetailsShareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company. The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision. The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)
DetailsPrivolnyanskaya mine has resumed coal mining. According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped. On April 17, the mine yielded the first coal. (Ukrainian metal)
DetailsIn January-March Donetskstal received 1.1 billion UAH of profits, having increased its net income by 76.46%, or by 2.3 billion UAH, to 5.37 billion UAH. In Q1 2016 the net loss of the company amounted to 1.66 billion UAH, while for the whole 2016 the company received 2.28 billion UAH of losses, down 2.7-fold YoY.…
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