The state enterprise Mirnogradugol has ordered Erlight LLC the delivery of spare parts for belt conveyers valued at 91.95 million UAH. The company has previously supplied similar spare parts to the enterprise. For example, last year it received an order valued at 3.73 million UAH. The company supplies spare parts and equipment produced in Kursk,…Details
DTEK is negotiating with the State Property Fund and the Ministry of energy and coal industry the shutting down of the Belitskaya mine, a part of DTEK Dobropolyeugol LLC. “The Belitskaya mine operation is inefficient. But since it is leased, and not owned by DTEK, it cannot decide its fate on its own”, DTEK Dobropolyeugol…Details
The project on the development of the Durminskoye gold-silver deposits will require 3 billion rubles. “We are prepared to start developing the site this year. But now the issue of financing is critical. We’re negotiating with a potential investor”, the Eastern Mining-Ore Company LLC CEO Anatoly Petukhov said. By 2018 the company has carried out…Details
In January Russia increased ferrous metals imports by 31.7% YoY, to 598.8 thousand tons. According to the Federal Customs Service, the imports of ferrous metals, not counting pig iron, ferroalloys, waste and scrap, reached 439.3 thousand tons, up by 13.2% YoY. At the same time steel pipes imports dropped by 5%, to 43.1 thousand tons.…Details
In 2017 Evraz Dneprovsky Iron and Steel Works received 2381.687 million UAH. According to the company statement, its assets totaled 4.333 billion UAH, current liabilities – 7.155 billion UAH, accounts receivable – 1.535 billion UAH and fixed liabilities – 572.736 million UAH. Steel output last year at Evraz DMZ dropped by 13.2% YoY, to 918…Details
This year DTEK intends to increase combined coal output at DTEK Dobropolyeugol and Belozerskaya 1.7-fold, or by 2 million tons, to 4.8 million tons. “In 2017 five mines yielded 2.8 million tons. This year we intend to reach 4.8 million tons, that is mine 2 million tons more. Actually, the normal capacity of Dobropolyeugol is…Details
In 2017 Druzhkovka Metal Wares Works increased net profit 2.5-fold YoY, to 88.448 million UAH. According to the company statement, undistributed profit as of the end of last year totaled 409.884 million UAH. Last year the company increased current liabilities by 57.3%, to 96.543 million UAH, while fixed liabilities dropped by 26.1%, to 16.316 million…Details
In 2017 Marganets Mining and Processing Works received 811.254 million UAH of net profit, as opposed to 882.735 million UAH of net losses in 2016. Undistributed profit last year totaled 575.906 million UAH. The company current liabilities decreased by 14.4%, to 1142.244 million UAH, and fixed liabilities – by 36.7%, to 353.212 million UAH. At…Details
In 2017 Chelyabinsk Pipe Works received 1.058 billion rubles of net profits, down 4-fold YoY. ChTPZ consolidated profit totaled 4.032 billion rubles, down by 37%. In Q4 2017 the works received 1.884 billion rubles of net profit, up from 39 million rubles in Q3. Revenue grew by 52%, to 37.4 billion rubles. In 2017 ChTPZ…Details
In 2017 consumption of aluminum in Russia increased by 11% YoY, and the trend is expected to continue in 2018 as well. In 2015 consumption fell by 9%, while in 2016 grew by 4%. This year it is expected to grow by 9%, in 2019 – by 13% and in 2020 – by 11%. In…Details
ChTPZ has carried out rebranding of its pipes with premium thread joints. Now on the Russian market these products will be represented under a combined name of ChTPZ Prime, and on the foreign market – Chelpipe Prime. “The rebranding is a part of the company strategy to develop and promote new types of products. Under…Details
In January Ukraine supplied 121 thousand tons of pig iron to Russia, up from 72.8 thousand tons in December 2017. Exports began in November 2017 and in 3 months reached 212.5 thousand tons. Some 65% of exports went to the Rostov region, and the rest – to the Stavropol region. Average price on the Russian…Details
In January Russia exported 1.18 million tons of semi-finished steel products, up by 2.4% YoY, but down by 13.8% MoM. According to the customs statistics, revenue grew by 28.2% YoY, but dropped by 10.5% MoM, to $569 million. The main destination of Russian slabs and billets export in January was Taiwan, which accounted for 18.5%.…Details
In 2017 DTEK Pavlogradugol, the largest coal miner in Ukraine, increased its net profit by 6.9% YoY, or by 44.68 million UAH, to 691.83 million UAH. According to the company statement, shareholders decided not to distribute the net profit of the last year and not to pay dividends. Last year DTEK Pavlogradugol produced 20.14 million…Details
Mariupol Ilyich Iron and Steel Works has announced the price of the share sales under the squeeze-out procedure.
According to the company, the price of each share with the value of 0.25 UAH was set at 0.08 UAH.
The share price was set by the company supervisory board. (Ukrainian metal)
As of December 31, 2017 Polyus gold JORC reserves were estimated at 68 million ounces, down from 71 million ounces as of December 31, 2016. Average gold content is 1.8 g per ton, including alluvial sites and ores with low contents. Polyus retains the second position among the largest gold producers in the world as…Details
Azovstal Iron and Steel Works has announced the price at which its shares will be bought under the squeeze-out procedure. According to the company statement, the price of each Azovstal share with the value of 0.25 UAH was set at 0.564 UAH. The price was determined by the company supervisory board. Metinvest owns 94.74401% in…Details
Polyus has confirmed its gold output forecast for 2018 on the level of 2.375-2.425 million ounces and 2.8 million ounces in 2019. In 2020 it is expected to produce also 2.8 million ounces. Expenses are projected to reach $425 and $450 per ounce in 2018 and 2019-2020. This year capital expenses will amount to $850…Details
In 2017 Aktyubinsk Copper Company produced 58 thousand tons of copper concentrate and 52 thousand tons of zinc concentrate, having exceeded the target by 2% and by 17% respectively.
Revenue target was overfulfilled by 17%.
Payments to the budget increased 4-fold YoY. (Ukrainian metal)
Zaporozhkoks, one of the major by-product coke chemistry manufacturers in Ukraine, has announced the price of the share sales under the squeeze-out procedure. According to the company statement, the price of one share with the value of 0.01 UAH will be 4.94 UAH, or 494 times higher. The price was set by the Zaporozhkoks supervisory…Details
In 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million.
Revenue grew by 21.4%, to $1197.494 million.
EBITDA increased by 46.9%, to $551 million.
Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has received new Austrian machinery to be installed at the continuous casting machine No. 4. The construction of the machine is underway. The cargo weighs almost 1 thousand tons, so special machinery was used to unload it. Foreign specialists claim that the machinery corresponds to the best European norms…Details
Novokramatorsk Machine-Building Works has started shipping converter body with a seating ring and the mounting system to Azovstal Iron and Steel Works. The converter will be used to modernized machinery in the oxygen-converter shop. “It took us over a year to produce and start shipping the machinery weighing around 1 thousand tons”, NKMZ said. This…Details
In January-February Russia increased the manufacture of raw and semi-raw gold by 2% YoY.
According to the Federal Service of State Statistics, in February output grew by 9.5% YoY and by 40.4% MoM. (Ukrainian metal)
In 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…Details
In 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…Details