Russia: MMK steel output up in Q1 2017

In January-March MMK produced 3.066 million tons of steel, up by 1.4% YoY. According to the company statement, the total loading of capacities at the main site in Magnitogorsk exceeded 94%. Product sales dropped by 2.3% YoY, to 2.723 million tons. High added value products manufacture increased by 5.1%, to 1.313 million tons. The share…

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Russia acknowledges supplying raw materials to Donbass metal works

The head of the Russian Federal Agency on state reserves Dmitry Gogin confirmed that Russia was supporting Donbass enterprises. Earlier the head of the Russian commission “on humanitarian aid” to the territories of the south-eastern districts of Donetsk and Lugansk regions of Ukraine Sergey Nazarov declared, that “companies, affected by the economical and transport blockade,…

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Ukraine: EGOK taxes up in 2016

In 2016 Yeristovo Mining and Processing Works, a part of Ferrexpo, increased taxes payments by 16% YoY, to 176.7 million UAH. In particular, the state budget received 93.7 million UAH, regional – 43.7 million UAH, local – 39.3 million UAH, or 53%, 25% and 22% respectively. The budget of Gorishniye Plavni received 29.1 million UAH,…

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Russia: Ormet to launch underground mine

Ormet, a part of Russian Copper Company, continues the construction of an underground mine at the Dzhusinskoye deposit, Chelyabinsk region. Currently, the surface objects of the mine are being assembled, ore is mined at the prepared site as part of a pilot project for approbation of development systems, which should guarantee the safety of mining…

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