Dneprometiz has changed the board of directors. According to the company statement, the chairman of the board Sergey Kovryakov, as well as members of the board Andrei Zyshov, Vitaly Palabugin and Sergey Vinogradov resigned. Victoria Zinkevich and Oleg Zheltkov have been appointed instead. In 2016 Dneprometiz received 34.73 million UAH of profits as opposed to…Details
Izhorsky Pipe Works has shipped some 2.7 thousand tons of large diameter pipes for the construction of the Sila Sibiri (Power of Siberia) gas pipeline, which will connect the Russian part of the project to the Chinese gas-transporting system. ITZ has produced and supplied pipes of 1420 mm diameter of the K65 steel. “Izhorsky Works…Details
Izhstal has finished repairing the steel-smelting complex, producing continuous-cast billet of a wide range of steel grades. The complex produces cast billets of structural, alloyed, stainless, speed, bearing and spring steel. Its capacity is 300 thousand tons per year. It produces 80% of all the liquid steel manufactured at the works. The steel-smelting complex consists…Details
In January-September Norilsk Nickel produced 157.1 thousand tons of nickel, down by 11% YoY. At the same time copper output increased by 10%, to 290.87 thousand tons, platinum remained on the same level – 493 thousand ounces, while palladium went up by 2%, to 2.03 million ounces. In Q3 the company produced 54.17 thousand tons…Details
Dmitry Bosov, together with his partners actively developing coal business, could obtain a problem asset in Kuzbass – the Zarechnaya company with the reserves of some 400 million tons of power-generating coal. The Trade-Industrial Union LLC, connected with the Razrez Kiyzasskiy of the managing company Vostokugol (owned by Bosov and Alexander Isaev), has purchased debts…Details
In January-September Norilsk Nickel decreased net profits by 23.16% YoY, to 97.706 billion rubles ($1.7 billion). According to the company statement, revenue decreased by 1.09%, to 307.314 billion rubles ($5.344 billion). Gross profit dropped by 3.6%, to 177.832 billion rubles ($3.092 billion), sales profit – by 3.74%, to 153.219 billion rubles. Profit before taxation was…Details
In Q3 Raspadskaya mined 2.6 million tons of coal, down by 15% YoY. The intensification of mining operations allowed compensating for a scheduled decrease of Raspadskaya mine output. In 9 months the group yielded 8.6 million tons of coal, up by 17% YoY, mostly because of the stable operation of three long faces at the…Details
The coalmine, where three local residents died, was closed a year ago, press service of the office of the government’s authorized representative in Batken region reported. Three people died of carbon monoxide poisoning in Garym area of Samarkandek rural administration. Rescuers raised their bodies from a depth of 85-92 meters. According to the representative office,…Details
At a meeting on October 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q3 dividends of RUB 5.13 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 22. Q3 dividend yield will total 15.5%. NLMK Board of Directors has also recommended that the…Details
Mirnogradugol has ordered DTK-Trading LLC the delivery of fuel valued at 10.89 million UAH. In particular the company has ordered 225 liters of A-92 Euro petrol at 25.2 UAH per liter and 225 liters of Euro-3 diesel fuel at 23.2 UAH per liter. In 2015-2016 DTK-Trading received orders from Selidovugol and Mirnogradugol for 57.91 million…Details
Anglo Asian Mining says it may resume operation of the Gadir mine in Q4. Ore mining at Gadir was stopped in February to carry out exploration drilling. The company is also carrying out test drilling at its Gedabek quarry prior to resuming operation in Q1 2018. Moreover AAM is examining the new Ugur deposits with…Details
AzerGold is looking for suppliers of crucibles for non-ferrous metals smelting.
The cost of the participation in the competition is 100 manats. The company is accepting offers until December 13. The tender procedure will be carried out on December 14.
AzerGold was created on February 11, 2015. (Ukrainian metal)
Severstal Steel Decisions has successfully been certified for the EN ISO 3834-2 and EN 1090 standards correspondence. 2451 DVS Zert GmbH carried out an audit in the city of Orel checking the welding manufacture and inner manufacturing control compliance with the international standards. The international certification has confirmed the fact that SSD manufactures products and…Details
Chelyabinsk Zinc Works has produced 27 kg of indium of the 6N purity grade and the main element contents of 99.9999%. Earlier ChTsZ was able to produce indium of 5N (In>99.999%). The company started obtaining indium from the rotary oxide in the 1940s. At first the metal was produced as concentrate or indium sponge. In…Details
Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (parts of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot-briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest’s steel…Details
In August Metinvest EBITDA decreased by 1.88% MoM, or by $3 million, to $157 million. At the same time revenue grew by 1.78%, or by $13 million, to $745 million. In August the group sold 269 thousand tons of semi-finished products for $104 million, including 182 thousand tons of pig iron billets for $65 million,…Details
In January-September the net losses of Mechel doubled YoY, to 11.71 billion rubles.
Revenue dropped 2.2-fold, to 5.12 billion rubles, gross profit decreased 5.2-fold, to 2.19 billion rubles.
Sales profits fell 9.5-fold, to 1.06 billion rubles.
In H1 Mechel net profit decreased by 40% YoY, to 4.994 billion rubles. (Ukrainian metal)
In 2018 DTEK Energo intends to increase coal output by 6.5% YoY, or by 1.5 million tons, to 24.5 million tons. According to the company CEO Dmitry Sakharuk, next year DTEK will put 37 new long faces into operation. The cost of each face is some 300 million UAH, thus investments will total 11.5 billion…Details
The Antimonopoly Committee of Ukraine has allowed Berklemond Investments Ltd (Cyprus), a part of DCH of the businessman Alexander Yaroslavsky, to acquire Kadish Limited (Cyprus), owner of Evraz Sukhaya Balka. Berklemond was granted the right to buy shares in the company, as the result it would exceed 50% of the votes in the company. Evraz…Details
On October 21 the Uralelectromed refining division of the chemical-metallurgical shop turned 20. This is the only UMMC enterprise to produce gold and silver ingots. The first gold ingot was produced on October 18, 1997. In 2004 Uralelectromed became the first company in Russia to get the Good Delivery status for silver ingots. In May…Details
A cave-in happened at the Lesnaya mine at the depth of 830 m.
According to the Lviv regional state administration Lesnaya mine of the state enterprise Lvivugol is situated in the village of Silets.
“Three employees, local dwellers, were injured”, the administration noted.
They have been brought to the hospital. (Ukrainian metal)
Severstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…Details
The first vessel with gas coal from US for DTEK thermal power plants arrived in Ukraine. “The Navious Galileo arrived on October 26. The coal from US will be unloaded in usual mode”, the Yuzhniy Sea Trade Port authorities reported. The first batch is 75 thousand tons of coal, which will be supplied to Ladyzhino…Details
The competition committees have set the Zaporozhye Aluminum Works privatization conditions. According to the State Property Fund head Vitaly Trubarov, 68.009% of the ZALK state shares will put up for auction at 278.37 million UAH. In 2011 Rusal shut down the works. A year ago its equipment and machinery was cut into scrap and illegally…Details
The net profit of the Russian steelmaker Novolipetsk Steel (NLMK) soared by 63% YoY, to $1.022 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 27. Revenue grew by 28%, to $7.25 billion, and EBITDA by 31%, to $1.869 billion. In July-September, the net profit…Details
Three people died from carbon monoxide poisoning in a mine in Batken region, the Ministry of Emergency Situations reported. According to it, the accident occurred in Samarkandek village in Garym section. The dead S. Ormonov, born in 1970, I. Ibragimov, born in 1972, and Akmat Uulu U., born in 1987, illegally mined coal. Rescuers of…Details