The deputy minister on temporarily occupied territories and internally displaced people Gerogy Tuka said, that 18 mines in the occupied Donetsk region were flooded. “18 mines have already been flooded, 12 more are being flooded. All of them mined anthracite coal. It is impossible to restore their operation, as it will be necessary to invest…Details
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Andrei Bibik has been appointed the new Interpipe purchasing and logistics director. He has been working for the company since 2003. Before the appointment has was the director for pipe sales in Ukraine and the Customs Union countries. “Purchasing and logistics are some of our key spheres of operation. Our goal is to strengthen these…Details
The state enterprise Selidovugol has ordered the Trade-Union Form LLC the delivery of combines valued at 24.6 million UAH. The company will supply 2 KSP-32 combines for the Kotlyarevskaya and Kukharevskaya mines. The cost of each machine is 12.3 million UAH. (Ukrainian metal)Details
In September Ukraine dropped to the 13th position in the World Steel Association rating of 67 countries. Ukrainian steel output totaled 1.845 million tons, down by 0.8% YoY. China is leading, as always, with 71.827 million tons, up by 5.3%. Italy now occupies Ukraine’s previous month position (11) with 2.174 million tons, up by 8.3%…Details
In September Russian Railroads transported 7.6 million tons of ferrous metals, up by 15.7% YoY. Positive dynamics is seen in all directions, except for transit. Since the start of the year ferrous metals railroad transportation has increased by 5.6% YoY. (Ukrainian metal)Details
On October 23 Vysochaishiy (GV Gold) commissioned the Ugakhan Mining and Processing Works according to the schedule. The Ugakhan gold deposits were discovered in 2010. The C1+C2 gold reserves are estimated at 49 tons (1.58 million ounces). The deposits will be developed till 2029. Investments in the project totaled $200 million. Each year the GOK…Details
In 10 years Tulachermet will invest some 80 billion rubles in the creation of the steel manufacture. This will result in 3 thousand additional jobs. The investor is developing the Tulachermet-Steel-2 and Tulachermet-Steel-3 projects. The company intends to enter the list of top manufacturers of rolled metal for automobile, machine-building and construction companies of Central…Details
Centravis Production Ukraine’s capacities are 100% loaded. According to the company CEO and main shareholder Yuri Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the…Details
In January-September Evraz Sukhaya Balka produced 1.847 million tons of iron ore, down by 5.1% YoY. In September output was 235 thousand tons. In 2016 the enterprise produced 2.564 million tons of iron ore, down by 8.8% YoY. The company capacity is 3.1 million tons of ore per year. (Ukrainian metal)Details
According to the Federal Customs Service, in January-August Russia imported 4.367 million tons of ferrous metals, up 1.58-fold YoY. Of this volume CIS metal accounted for 2.783 million tons, and far foreign countries – 1.584 million tons (up from 1.819 million and 0.949 million tons in January-August 2016 respectively). Ferrous metals imports without pig iron,…Details
In 2016 MidUral Group revenue increased by 13% YoY, to 8.3 billion rubles. Profit before taxation was 373.3 million rubles as opposed to losses in 2015. The net debt as of December 31, 2016 decreased by 20.2%. MidUral Group comprises Klyuchevsky Ferroalloys Works, Russkiy Chrome 1915, Klyuchevskaya Processing Factory (all in Russia), Dirox S.A. (Uruguay),…Details
Severstal has increased purchases of goods and services from Vologda region by 2 billion rubles YoY. According to the company statement, in January-September Severstal bought 15.4 billion rubles worth of goods and services in the region, up by 14% YoY. Severstal is cooperating with over 300 companies in Vologda region. (Ukrainian metal)Details