Ukraine: UMCC net profit down in 2018

In 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY.

EBITDA dropped by 60%, to 220.7 million UAH.

At the same time the net income increased by 12.5%, to 3.213 billion UAH.

Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)

Ukraine: mine explodes on occupied territories

On April 25, an explosion occurred at the Skhidcarbon mine in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia.

So far, bodies of three miners have been brought to the surface. The fate of 14 more is still unknown.

The accident happened at the depth of 300 meters. (Ukrainian metal)

Russia: NMZ renews lifting machinery fleet

Novgorodsky Iron and Steel Works has renewed its special machinery fleet.

In particular, the company has received a new Linde H20T-01 forklift truck with the lifting capacity of 2 tons.

The cost of the new machine totaled 2 million rubles.

The new truck will be used in the copper electrolysis shop. (Ukrainian metal)

Russia: SinTZ commissions new electric bridge cranes

Sinarsky Pipe Works has commissioned two new electric bridge cranes.

The cranes have been assembled in the pipe-rolling shop No. 2.

The company intends to replace 10 cranes. (Ukrainian metal)

Russia: Seligdar gold sales up in January-April 2019

In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more.

Thus, sales will total 1255 kg, up from 406 kg in January-April 2018.

In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)

Russia: Nornickel output up in Q1 2019

In January-March, Norilsk Nickel increased nickel output by 3.4% YoY, to 56 thousand tons.

The manufacture of the company own raw materials grew by 2.8%, to 55 thousand tons.

The output of copper went up by 13%, to 127 thousand tons. Almost everything was produced from own raw materials. (Ukrainian metal)

Ukraine: AMKR best employer of mining and steelmaking complex

The first major international research Randstad Employer Brand Research 2019 was held in Ukraine to study employers’ attractiveness. Its results have proved that ArcelorMittal Kriviy Rih is the most attractive employer within steelmaking and mining industry in Ukraine. The company was presented with a certificate in Kyiv at the First awards ceremony for the most…


Ukraine: Antimonopoly Committee punishes Tigipko for buying Dneprometiz

The Antimonopoly Committee of Ukraine has punished the TAS Group of Companies belonging to Sergey Tigipko for 55 million UAH for buying Dneprometiz without the committee’s consent. The committee has studied the case of TAS taking control of Dneprometiz and violating the competitiveness legislation. Thus, the committee has denied Tigipko buying Dneprometiz. Severstal sold Dneprometiz…