In 2017 Evraz Yuzhkoks received 5.4 million UAH of losses as opposed to 34.156 million UAH of profit in 2016. According to the company statement, its assets as of late 2017 totaled 1.042 billion UAH, current liabilities – 225.025 million UAH, and consolidated accounts receivable – 272.573 million UAH. On December 19, 2017 Evraz sold…
DetailsRussian tycoon Oleg Deripaska, President and core beneficiary of troubled aluminum giant UC RUSAL, has declined to be nominated to the board of directors of another metals giant Norilsk Nickel, a spokesperson for the company reported on April 12. “Oleg Deripaska has declined to be nominated to the board of directors of Norilsk Nickel, we…
DetailsThe Russian government does not plan to acquire a stake in the sanction-hit aluminum giant UC RUSAL, but will support facilities of the company so that they don’t stop working, Finance Minister Anton Siluanov declared on April 11. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including tycoon Oleg…
DetailsSwiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…
DetailsThe protesters have burned down the laboratory, warehouses and office building on the territory of the Chinese company GL Makmal Developing, the management of the enterprise reported. According to them, the residents of Toguz-Toro district stay on the territory of the company, while the employees were evacuated. “We are not aware of the demands of…
DetailsDespite several years of military activity, the city of Melitopol, situated not far from the war zone, is developing machine-building. Soon the TurboCom group of companies will open a new manufacturing complex EcoPromLit. The company will produce cast iron according to gasifiable pattern molding. With the help of this method some 30% of castings are…
DetailsThe Russia-supported terrorist-seized Alchevsk Iron and Steel Works is trying to start producing steel. “This is very important, as, in addition to pig iron, we will be producing steel”, said Sergey Kozlov, the chairman of the so-called Cabinet of Ministers of Lugansk People’s Republic, the terrorist organization created and supported by Russia. All the tests…
DetailsIn early 2018 Chinese TBEA received the license to start developing the Verkhniy Kumarg deposits. In 2013 the company obtained a license to work at the Duoba deposits. Both deposits are situated in Sogdiy region. According to sources, the company has the right to develop the deposits until it reimburses all the funds spent to…
DetailsIn 2018 Belarus Iron and Steel Works intends to supply $240 million worth of metal to Ukrainian market. “That’s around 300 thousand tons. Our plans are ambitious, but we have a certain strategy of work on that market, and we expect a 10-20% growth per year in mid-term”, the company marketing specialist Tatiana Vaskevich declared.…
DetailsIn 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…
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