Ilyich-Stal, a part of Metinvest, has sold 29.837 thousand shares or 99.45% of Ilyichevskoye insurance company. The company had 10 deals of 2730 shares each and one deal with 2537 shares. Ilyichevskoye has been working on the insurance market of Ukraine since 2005. It has 30 licenses. In H1 the company increased payment received by…Details
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The Ministry of energy and coal industry has developed a program that presupposes the reforming of the state coal industry until 2020 valued at 25.28 billion UAH. Of this sum 10.57 billion UAH will be provided from the state budget. Direct investments to cover differences between the prime cost of coal and sale price at…Details
The state enterprise Vostochny Mining and Processing Works has ordered Temp LLC transportation of uranium ore valued at 5.78 million UAH. By December the company will have to transport 45 thousand tons of uranium ore from Novokonstatninovskaya mine to Ingulskaya mine (around 55 km). Temp has been monopolizing VostGOK transportation tenders since September 2011 –…Details
The Ministry of energy and coal industry acknowledges the debt of 355 million UAH to the state miners. “Today the salary debt amounts to 355 million UAH, that’s slightly more than the monthly salary fund”, said the ministry head Igor Nasalik. In August around 400 million UAH was spent on clearing salary debts, he added.…Details
In January-June Russia produced 12.74 tons of platinum, down by 7.6% YoY. Palladium output dropped by 1.1%, to 42.34 tons. In particular, Nornickel produced 10.35 tons of platinum and 41.36 tons of palladium, down both by 2% YoY. (Ukrainian metal)Details
In January-June the United Mining and Chemical Company produced 137.12 thousand tons of ilmenite, up by 2% YoY. According to the company CEO Alexander Gladushko, such a small increase can be explained by the crisis on the world market of titanium-containing raw materials. “The demand for the raw materials in the world is still low,…Details
Evraz – Dneprovsky Iron and Steel Works intends to have another competition to conduct the independent evaluation of its shares. The company welcomes all offers until September 23. In August 2014 Evraz-Ukraine held a competition to evaluate its assets in Ukraine. The winner would have had to evaluate Evraz-DMZ, Evraz – Sukhaya Balka and Evraz…Details
In January-July Russia imported 257 thousand tons of steel pipes, up by 20% YoY. According to the Federal Customs Service, CIS share increased from 108 thousand tons to 150 thousand tons. At the same time imports from foreign countries remained almost unchanged: they went up from 107 thousand tons to 108 thousand tons. In H1…Details
Azovstal has been actively developing its first stage for the pulverized coal injection system in the blast furnace No. 4, which will allow the company to stop using natural gas and decrease pig iron prime cost by $20 per ton. According to the company CEO Enver Tskitishvili, all the necessary equipment will be supplied by…Details
Metinvest Group ranks first among Ukrainian companies that have been included into Central and Eastern Europe TOP-500 list. The companies were ranked by the international audit company Deloitte based on their 2015 consolidated revenues. According to the survey, the majority of CE countries saw economic growth, and the only country whose economy shrank in 2015…Details
Energomashspetsstal has started producing a new ware – Hall’s anchor for various vessels. This is the first time that the works produces such anchors. The first three anchors have already been shipped to the buyer. The 10-ton anchors were tested in the steel shop. (Ukrainian metal)Details
Russia’s revenue from coal exports fell by 18% YoY to $4.55 billion in January-July, according to the Federal Customs Service. In physical terms, Russia’s coal exports increased by 8.3% to 89.97 million tons. Coal exports to non-CIS countries rose by 9.1% to 84.34 million tons worth $4.21 billion, a 17.6% fall in monetary terms. Coal…Details
In October-November DTEK will receive 70 thousand tons of anthracite from the South African Republic. “We plant to import coal from SAR and Poland. The first batches of gas coal (50 thousand tons) will arrive in the next 2 weeks, and we are expecting 70 thousand tons of anthracite from SAR in late October –…Details
Within the reconstruction of its pelletization factory the Central Mining and Processing Works has completed the first stage of the factory modernization. The company has put the Eirich batch-blending machine into operation. The new equipment costs 15 million UAH. The total investments into the project will reach 61 million UAH. The second stage is the…Details
Mariupol Ilyich Iron and Steel Works has started modernizing its sheet shop 1700. The shop will receive new equipment and will see some repairs. Investments this year will total 120 million UAH. The company has concluded a contract with Novokramatorsk Machine-Building Works to produce the necessary equipment. NKMZ will produce and deliver 80 million UAH…Details
In January-August Mariupol Ilyich Iron and Steel Works decreased natural gas consumption by 29% YoY. “Now the total consumption of the works is less than 32.5 thousand cubic meters per hour”, said the company CEO Yuri Zinchenko, adding that steel smelting grew by 5.4% and pig iron production – by 9.3%. (Ukrainian metal)Details
Zaporizhstal has halted its sintering machine No. 6 to install the new gas-purifying system. “In 45 days the environmental project valued at 870 million UAH will be completed. In early November the sintering factory chimneys will show the result”, said the company CEO Rostislav Shurma. Zaporizhstal started active construction works in mid-August. (Ukrainian metal)Details