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In January-September Mechel decreased coal output by 8% YoY, to 15.7 million tons. According to the company statement, at the same time coal mining at Elginsky Coal Complex grew by 6%, to 3.05 million tons. Pig iron manufacture increased by 1% YoY, to 3.048 million tons. Steel production went up by 3%, to 3.217 million…
DetailsIn January-September the net profit related to shareholders of Mechel increased 2-fold YoY, to 11.114 billion rubles ($185 million). According to the company statement, in 9 months its profit increased 1.8-fold, to 11.962 billion rubles, EBITDA went up by 42%, to 459.14 billion rubles, and consolidated revenue grew by 13%, to 222.797 billion rubles. In…
DetailsIn January-October Ferrexpo exported 8.491 million tons of iron ore pellets. In particular, its Poltava Mining and Processing Works exported 6.331 million tons of pellets, while Yeristovo GOK – 2.16 million tons. Meanwhile Metalloinvest exported 4.711 million tons of pellets (Mikhailovsky GOK – 2.76 million tons, Lebedinsky GOK – 1.951 million tons). Karelsky Okatysh, a…
DetailsAlchevsk Iron and Steel Works, situated on the temporarily uncontrolled territory of Ukraine, and a part of the Industrial Union of Donbass, has been transferred to the management of Vneshtorgservice of the fugitive businessman Sergey Kurchenko. The same earlier happened with the number of Metinvest companies. At present, according to sources, representatives of the company…
DetailsThe State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan put two brown coal deposits up for auction. The right to develop Shurab field (Samarkandek Zapadniy 1) in Batken district was put out to the tender. The balance reserves of coal at the field amount to 810,000 tons. At least 274,000 tons of them…
DetailsThe shareholders of Russian steelmaker Severstal have approved paying 35.61 rubles per share in dividends for July-September. The record date for the dividends is December 5. In 2016, Severstal paid 24.96 rubles per share, or a total of 20.91 billion rubles, in dividends for July–September. The company also paid 22.28 rubles per share or 18.66…
DetailsIn January-October Kazakhstan exported 23.4 million tons of coal. “Kazakhstan’s coal is mainly exported to the Russian Federation, Central Asia, and several countries of Europe. This year, we have shipped high-quantity coal, more than 2.4 million tons, to Finland. We have started exporting our coal to Japan (the government of the Russian Federation has issued…
DetailsIn January-October the part of Donetsk region, controlled by Ukraine, decreased coal output by 26.8% YoY, to 8.7 million tons. According to the Main office of the State Statistics Service in the region, in October coal mining increased by 3.5% YoY, but dropped by 37.9% MoM. (Ukrainian metal)
DetailsCorum Group, specializing in the manufacture of mining machinery, intends this year to increase sales revenue by 49% YoY, up by 7% from the target, and EBITDA – by 158%. The growth is due to the increase in contract signing by 116% YoY. As the result machinery sales increased by 67%, services – by 34%.…
DetailsIn January-September Russia exported 485.2 thousand tons of primary copper and copper wire rod valued at $2777 million. Sales volumes increased by 8.6% YoY, but were 5.6% lower than in 2015. Revenue increased by 34.4% YoY, but was lower than the indices of the 6 previous years. The share of primary copper is 78%. In…
DetailsIn January-September Russia exported 6.5 million tons of flat rolled metal, up by 0.3% YoY. At the same time this was the highest export in the past 7 years. According to the customs statistics, revenue increased by 45.5% YoY, to $4 billion. This is the highest result for the past 3 years. The main importer…
DetailsIn Q3 Nadezhdinsky Iron and Steel Works received 185.5 million rubles of net profit, down by 3% QoQ, while in Q3 2016 the company received 112 million rubles of net profit. In January-September NMZ received 447.9 million rubles of net profit, up from the net loss of 1.21 billion rubles in January-September 2016. In Q3…
DetailsIn January-October Kazakhstan produced 19.2 thousand tons of uranium, down by 5.5% YoY. According to the Ministry of Energy press-service, in 2016 uranium output totaled 24 thousand tons, in 2015 – 23.8 thousand tons. Kazakhstan is the world leader in natural uranium mining. (Ukrainian metal)
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