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Russia: Usmanov yields MGOK shares to Sberbank

Mikhailovsky GOKBy admin14.08.2018Leave a comment

Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts. The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK. USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)

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Ukraine: DTEK Dneprovskoye Mine Group celebrating first record in 5 years

DTEK Dneprovskoye Mine GroupBy admin14.08.2018Leave a comment

In July DTEK Dneprovskoye Mine Group yielded over 91.8 thousand tons of low-ash coal. This is a record-high output of coal at one site. It has been reached for the first time in the past 5 years. At the same time, in 7 months the site No. 3 has mined half a million tons of…

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Ukraine: people die at occupied Donbass mines

miningBy admin13.08.2018Leave a comment

Last week as the result of the flooding at the mine one person perished in the pro-Russia militants-controlled town of Snezhnoye in Donetsk region. The accident happened on August 11. 2 miners were at the accident site. The body of one of them was recovered on August 12. The search for the second miner is…

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Russia: BMK metal wares output up in July 2018

Beloretsk Iron and Steel WorksBy admin13.08.2018Leave a comment

In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…

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Russia: Severstal sales to builders up in H1 2018

SeverstalBy admin13.08.2018Leave a comment

In January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…

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Ukraine: Vector Energy to buy half of IFAZ

Ivano-Frankovsk Rebars WorksBy admin13.08.2018Leave a comment

Vector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company. At present the company has no shares of the works. IFAZ was registered in 1995. Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net…

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Russia: Vorkutaugol coal output down in H1 2018

VorkutaugolBy admin13.08.2018Leave a comment

In January-June one of the largest coalmining companies of Russia – Vorkutaugol – decreased output by 10% YoY, to 4 million tons. The decrease is the result of the scheduled works at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. Metallurgic coal output grew 3-fold, to 80 thousand tons. Its reserves are situated at the Vorgashorskoye…

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