This year Kuzbass Fuel Company intends to increase coal mining by 21% YoY, to 15.9 million tons. In 2017 coal output grew by 13% YoY, to 13.2 million tons. Investments in the development will reach 3 billion rubles, including 1.4 billion rubles in the purchase of mining machinery. The company will also finance social programs…Details
In 2017 Interpipe Novomoskovsk Pipe Works decreased net losses by 48.5% YoY, to 120.281 million UAH. According to the company statement, its undistributed profit as of the end of 2017 totaled 359.17 million UAH. The company current liabilities dropped by 5.9%, to 1.629 billion UAH, while fixed liabilities grew by 11.3%, to 62.743 million UAH.…Details
The Space Heroes Mine Group, a part of DTEK Pavlogradugol, was the first in Ukraine to have mined 1 million tons of power-generating coal since the start of the year. The high yield is the result of the 2-fold increase of capacity at the mine. This has become possible due to the modernization of the…Details
In 2017 Petropavlovsk Plc received the net profit of $41.5 million, up by 30.9% YoY. According to the company statement, its revenue grew by 8.6%, to $587.4 million, while EBITDA dropped by 1.6%, to $196.8 million. Petropavlovsk is one of the 5 largest gold producers in Russia. Its main assets are in Amur region, where…Details
Karelsky Okatysh has received a new locomotive with two dump-cars. The machines were produced in Novocherkassk to order. “This is a unique machine. It has powerful engines. As we are now running 115-ton dump-cars, this is an advantage”, the company chief driver Denis Makarov said. This year the company will also receive 12 more dump-cars.…Details
In 2017 Avdiivka Coke and Chemical Works increased net profits 3.52-fold, to 2.851 billion UAH. According to the company statement, its undistributed profits as of late 2017 totaled 7.16 billion UAH. The company current liabilities grew by 21%, to 12.925 billion UAH, fixed liabilities – by 7%, to 874.15 million UAH, and consolidated accounts receivable…Details
The net profit of Russia’s Chelyabinsk Zinc Plant rose by 35.7%, to 5.379 billion rubles in 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report on March 28. Revenue rose by 26.7%, to 29.67 billion rubles, the gross profit increased by 14.2%, to 8.286 billion rubles, and cost of sales…Details
Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens. The minister said the buyer picked for KVV Liepājas metalurgs rolling stock equipment would be checked as soon as they transferred the money, thereby demonstrating readiness…Details
In January-February Ukraine consumed 527 thousand tons of metal, of which 193 thousand tons, or 36.6% were imported. In January-February 2017 local market consumed 788.1 thousand tons, of which 136.1 thousand tons, or 17.3% were imported. Thus, while the consumption fell by 33%, imports grew by 42%. The share of the flat rolled metal in…Details
In 2017 Mariupol Ilyich Iron and Steel Works received 828.06 million UAH of net losses, up 5.4-fold YoY. According to the company statement, negative EBITDA grew 3.3-fold, to 966.21 million UAH. At the same time last year Mariupol Ilyich increased net income by 58.7% YoY, to 56.64 billion UAH. The uncovered losses as of late…Details
In 2017 Kamensk-Uralsky Iron and Steel Works received 769.35 million rubles of net profit, down 9-fold YoY.
In 2016 the net profit exceeded 6.8 billion rubles.
Revenue grew by 10%, to 24.98 billion rubles.
Sales profit last year increased by 10%, to 3.97 billion rubles. (Ukrainian metal)
Aktyubinsk Copper Company LLC has finalized the deal on attracting a $250-million loan. The money is given for 5 years. The banks have shown a particular interest in the deal. Natixis was its organizer and coordinator. 11 international institutions participated in the deal, including ING Bank, RCB Bank Ltd, Société Générale, etc. AMK produces copper…Details
In 2017 the Russian Copper Company received around 130 billion rubles of revenue, up by 6% YoY. The net profit in the period remained on the 2016 level at 16.2 billion rubles. Last year the RCC enterprises produced over 183 thousand tons of cathodes and 104 thousand tons of copper wire rod, up by 3%…Details
Cherepovets Iron and Steel Works has increased its covered warehouse territory for metal scrap in the industrial port to 32 thousand tons. The new hangar (135x24x14 m) is made of metal carcasses weighing over 90 tons and a tent with double-sided PVC-coating. The increase of warehousing premises has to do with the growth of galvanized…Details
MMK is carrying out the construction of the sintering factory with no analogues in Russia. The preparation works began in December 2016. Now the metal structures are being assembled. In December 2017 the company warehouses received 2.5 thousand tons of Sinosteel machinery. The Chinese party intends to supply some 22 thousand tons. The cost of…Details
In January-February Ukraine produced 2.98 million tons of rolled metal, down by 7% YoY. At the same time 2.64 million tons of rolled metal were exported, or 88.7% of the total output. In January-February 2017, 2.54 million tons of rolled metal were exported, or 79.5% of the output (3.19 million tons). The main export markets…Details
The State Geology and Subsoil Service has provided the company Petro-Consulting with the special license to mine for lithium ores at the Shevchenkovskoye lithium deposits in Donetsk region. The company has been granted the license for 20 years. As of early 2018 the deposits were not developed. In early March the Kirovograd region council granted…Details
In February Vyksa Iron and Steel Works shipped 194.3 thousand tons of pipes via railroad, down by 24.6% MoM, but up by 15.8% YoY. In January-February the sales increased by 32.2% YoY, to 452.2 thousand tons. Sales to Russian customers grew by 53.3%, to 380 thousand tons, while exports dropped by 23.4%, to 72.2 thousand…Details
The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the company’s energy…Details
PJSC ArcelorMittal Kriviy Rih started the main stage of construction of the new Continuous Casting Plant No. 2. Capacity of two new continuous casters (LFCC Nos. 2, 3) will be 1.4 million tons per year each. It will enable larger CC-billets output. The total cost of the investment project is over $100 million. Now the…Details
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, announced that a subsidiary of the group, Azerbaijan International Mining Company Limited, planned to spend about $6 million on its new geological exploration and evaluation program in 2018, the company said in a message. 2018 will be the first year of…Details
The railroad operator Globaltrans has prolonged the contract on the transportation of MMK products for another 8 months.
“In early 2018 the long-term partnership with MMK was prolonged till late September 2020”, the company said.
The previous contract was valid until late February and presupposed the transportation of some 80% of MMK goods. (Ukrainian metal)
Omega LLC plans to increase alluvial gold output in the Republic of Sakha (Yakutia) this year to 304 kg. The company will be operating at all of its licensed cites: on the Bilir Creek, in the Bilir Creek basin, on the Lazo deposits, as well as on the Bolshoy Delegenyakh Creek. In case the output…Details
Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…Details
The Federal Antimonopoly Service intends to have analyzed the competitiveness on the markets of gold and platinum by August.
According to the service deputy director on industry control management Mariya Babikova, another analysis will be carried out on the silver and iron ore concentrate markets.
She did not name the timeframe though. (Ukrainian metal)
The Kherson-based Smart Maritime Group produced 864 tons of spare parts of sheet steel for Ecolin. According to the company statement, the parts will be used to manufacture tanks for technical liquids. Their diameter will be 8 meters and height – 10 meters. In 2017 SMG carried out 36 million UAH worth of contracts, up…Details