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In 2017 Polyus received $1.241 billion of net profit, down by 14% YoY, or 72.191 billion rubles, down by 24.2%. Revenue grew by 11%, to $2.721 billion, EBITDA – by 11%, to $1.7 billion. In Q4 2017 Polyus net profit dropped by 28% QoQ, to $267 million, and corrected net profit by 19%, to $242…
DetailsThe Titan Group of Companies intends to construct a plant to produce 36 thousand tons of silicon per year. The group will invest 1.5 billion rubles in the project, and 5.5 billion rubles more will be provided by the Eurasian Bank of Development over 10 years. In late May 2017 Titan started looking for a…
DetailsIn January Zabaykalye region mined 1904.42 thousand tons of coal, down by 8% YoY. 10 companies are mining for coal in the region. The leaders are Razrez Tugnuysky, Razrez Kharanorskiy and Chitaugol LLC. Two companies – Takecha LLC and Kutinskiy Razrez LLC – have not started mining. (Ukrainian metal)
DetailsIn the past 17 years the market of rebar ropes has grown 6-fold, to 6 million tons. According to the Armasteel director Lev Zaretskiy, the company has mastered the manufacture of a new type of rebar ropes – 10-wire ropes K10. Such ropes allow construction companies to save cement (up to 30%), replace crushed stone…
DetailsIn 2017 Metalloinvest increased sales of high quality rolled metal for bridge construction by 24% YoY, to 230 thousand tons (186 thousand tons in 2016). Last year a number of major infrastructure objects constructed of the UralStal steel were commissioned, such as the bridge over the Volga River in Nizhniy Novgorod and over the Tura…
DetailsIn January Ukrainian metal companies decreased natural gas consumption by 5% YoY, to 190 million cubic meters. In December 2017 the volume of consumed gas was the same, while in November 2017 – much lower – 165 million cubic meters. Electricity consumption in January reached 1.1 billion kW-h, down by 8.3% YoY, but up by…
DetailsIn January Ukraine procured 279 thousand tons of scrap, up by 16% YoY, but down by 22% MoM. Of this volume domestic metal companies received 245 thousand tons, down by 20% MoM, but up by 7% YoY. Exports decreased by 35% MoM, but grew 3.4-fold YoY, to 34 thousand tons. (Ukrainian metal)
DetailsIn January Ukraine produced 950 thousand tons of bulk coke, down by 6% YoY. Supplies of coke to domestic metal companies grew by 6% YoY and by 0.5% MoM. The share of imported coals was on the level of 74% – 850 thousand tons out of 1.15 million tons, and of coke – 9% (85…
DetailsIn January Ukraine produced 5.39 million tons of iron ore concentrate, up by 7% YoY. Pellets output went up by 3%, to 1.94 million tons, and sinter – by 5%, to 2.84 million tons. Supplies of iron ore raw materials to metal companies in January were up by 7% MoM, but down by 2% YoY…
DetailsIn 2017 Russia exported 0.1363 million tons of raw nickel, down by 26.6% YoY. Almost all the volume was sold to the far foreign countries (0.136 million tons). According to the Federal Customs Service, raw aluminum exports dropped from 3.481 million tons in 2016 to 3.208 million tons in 2017. Far foreign countries accounted for…
DetailsRussian gold producer Polyus does not expect any other strategic investor to buy a stake in the company after cancellation of a 10% stake sale to China’s Fosun, CEO Pavel Grachyov said on February 15 in a conference call. Polyus was not part of the deal. “Nevertheless, we don’t see any initiatives to look for…
DetailsUkrmetallurgprom believes Ukraine will produce 1.9 million tons of steel in March. According to the enterprise forecast, pig iron output will total 1.9 million tons and rolled metal – 1.6 million tons. As of February 13, 19 out of 21 blast furnaces (90%), 8 out of 9 open-hearth furnaces (89%), 14 out of 16 converters…
DetailsSelidovugol miners have blocked the road leading to Kurakhovo, Maryinka and Krasnogorovka in Donetsk region. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, they demanded the payment of salary and clearing of debts. “The strike began near the administrative building of the state enterprise Selidovugol. Having received no reply, the…
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