The contract with the acting financial director and chief accountant of ArcelorMittal Kriviy Rih Sergey Plichko has been prolonged for another quarter. According to the company decree dated December 28, 2017, the contract is prolonged through March 31, 2018. Plichko was appointed chief accountant, acting CFO on February 17, 2017. Prior to that he was…
DetailsMechel informs that the group CFO Sergey Rezontov is leaving the company. According to the statement, Rezontov resigned due to his personal reasons. “We are grateful to Sergey Rezontov for his work”, Mechel CEO Oleg Korzhov said. (Ukrainian metal)
DetailsIn December 2017 ArcelorMittal Kriviy Rih and Mariupol Ilyich Iron and Steel Works received the most VAT among metal companies – 659.432 and 656.42 million UAH. In November 2017 they received 633.194 and 671.433 million UAH respectively. According to the State Treasury Service, Zaporizhstal was paid 407.011 million UAH (305.218 million UAH in November 2017).…
DetailsIn 2017 Seligdar commissioned 3 processing factories, produced over 1 thousand tons of tin and increased mining volume by 30% YoY and gold reserves by 19 tons. Last year the group also struck an important deal of Rusolovo shares consolidation. As the result, the group balance received a major asset. Seligdar plans to pay dividends…
DetailsIn December 2017 Zaporizhstal increased pig iron output by 38.2% YoY, to 365.7 thousand tons. According to the company statement, steel manufacture grew by 17.2%, to 357.8 thousand tons, and rolled metal – by 10.4%, to 295.2 thousand tons. In 2017 pig iron output increased by 5.4% YoY, to 3.795 million tons, steel – by…
DetailsIn January-November 2017 Ukraine imported 4.11 million tons of power-generating coal for thermal and combined heat and power plants. According to the Ministry of energy and coal industry, in 11 months Russia supplied 3.083 million tons of coal (75% of all the imports), South Africa – 653.2 thousand tons (15.9%), USA – 254.8 thousand tons…
DetailsThis year the United Mining and Chemical Company, which manages Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works, intends to increase investments 2-fold, to 200 million UAH, “2018 will be the year of manufacture reconstruction. I believe our investments will exceed those of 2017 2-fold. It’s difficult to name the exact amount,…
DetailsThe Zaporozhye subsidiary of the State Property Fund has announced the electronic auction of Aluminum Foil Works at the Ukrainian Universal Exchange. The starting price of the state enterprise is 583.9 million UAH. The auction is scheduled for January 19. The participation requests are accepted through January 15. (Ukrainian metal)
DetailsIn November 2017 Vyksa Iron and Steel Works railroad shipments to domestic customers and for exports totaled 217.7 thousand tons, up by 22% MoM and by 8.5 YoY. In October 2017 the results were down by 9.4% MoM and by 1.7% YoY, while in September – up by 67.1% and by 53% respectively. In November…
DetailsAs of late November 2017, the coal increased in price by 27.6% (or by 2.6 thousand tenge), to 12 thousand tenge per ton, following the drop of 0.5% (52 tenge) in 2016, to 9.5 thousand tenge. In January-November 2017 coal mining reached 95.9 million tons, up by 5.2% YoY (or by 4.8 million tons). The…
DetailsIn 2017 Kazakhmys Group of Companies fulfilled its manufacturing plan in advance. In particular the group produced and sold 232943 tons of cathode copper. Copper concentrate output totaled 238.300 tons. The average copper contents in the ore were 0.93%. Despite the shortage of the rolling stock Kazakhstan railroads transported 12 million tons of cargo, including…
DetailsChepets Mechanical Works has for the first time in Russia started manufacturing hafnium oxide. The company own hydrometallurgical wastes of zirconium manufacture are used as raw materials. “For the first time we have obtained the refined hafnium oxide with 99% purity from our own raw materials. The technology has been developed by the specialists of…
DetailsZaporozhye Iron Ore Combine shareholders intend to discuss the paying of dividends for 2014. The extraordinary meeting of shareholders is scheduled for January 30, according to Minerfin, a.s., owning 51.1697% of the company shares. Out of the 1.129 billion UAH of net profit for 2014, the company will spend 850 million UAH to pay dividends,…
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