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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…
DetailsIn 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…
DetailsIn 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…
DetailsIn 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…
DetailsIn 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…
DetailsChTPZ 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…
DetailsIn 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…
DetailsIn January Russia exported 1.18 million tons of semi-finished steel products, up by 2.4% YoY, but down by 13.8% MoM. According to the customs statistics, revenue grew by 28.2% YoY, but dropped by 10.5% MoM, to $569 million. The main destination of Russian slabs and billets export in January was Taiwan, which accounted for 18.5%.…
DetailsIn 2017 DTEK Pavlogradugol, the largest coal miner in Ukraine, increased its net profit by 6.9% YoY, or by 44.68 million UAH, to 691.83 million UAH. According to the company statement, shareholders decided not to distribute the net profit of the last year and not to pay dividends. Last year DTEK Pavlogradugol produced 20.14 million…
DetailsMariupol Ilyich Iron and Steel Works has announced the price of the share sales under the squeeze-out procedure. According to the company, the price of each share with the value of 0.25 UAH was set at 0.08 UAH. The share price was set by the company supervisory board. (Ukrainian metal)
DetailsAs of December 31, 2017 Polyus gold JORC reserves were estimated at 68 million ounces, down from 71 million ounces as of December 31, 2016. Average gold content is 1.8 g per ton, including alluvial sites and ores with low contents. Polyus retains the second position among the largest gold producers in the world as…
DetailsAzovstal Iron and Steel Works has announced the price at which its shares will be bought under the squeeze-out procedure. According to the company statement, the price of each Azovstal share with the value of 0.25 UAH was set at 0.564 UAH. The price was determined by the company supervisory board. Metinvest owns 94.74401% in…
DetailsPolyus has confirmed its gold output forecast for 2018 on the level of 2.375-2.425 million ounces and 2.8 million ounces in 2019. In 2020 it is expected to produce also 2.8 million ounces. Expenses are projected to reach $425 and $450 per ounce in 2018 and 2019-2020. This year capital expenses will amount to $850…
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