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In January-September the net losses of Mechel doubled YoY, to 11.71 billion rubles. Revenue dropped 2.2-fold, to 5.12 billion rubles, gross profit decreased 5.2-fold, to 2.19 billion rubles. Sales profits fell 9.5-fold, to 1.06 billion rubles. In H1 Mechel net profit decreased by 40% YoY, to 4.994 billion rubles. (Ukrainian metal)
DetailsIn 2018 DTEK Energo intends to increase coal output by 6.5% YoY, or by 1.5 million tons, to 24.5 million tons. According to the company CEO Dmitry Sakharuk, next year DTEK will put 37 new long faces into operation. The cost of each face is some 300 million UAH, thus investments will total 11.5 billion…
DetailsThe Antimonopoly Committee of Ukraine has allowed Berklemond Investments Ltd (Cyprus), a part of DCH of the businessman Alexander Yaroslavsky, to acquire Kadish Limited (Cyprus), owner of Evraz Sukhaya Balka. Berklemond was granted the right to buy shares in the company, as the result it would exceed 50% of the votes in the company. Evraz…
DetailsOn October 21 the Uralelectromed refining division of the chemical-metallurgical shop turned 20. This is the only UMMC enterprise to produce gold and silver ingots. The first gold ingot was produced on October 18, 1997. In 2004 Uralelectromed became the first company in Russia to get the Good Delivery status for silver ingots. In May…
DetailsA cave-in happened at the Lesnaya mine at the depth of 830 m. According to the Lviv regional state administration Lesnaya mine of the state enterprise Lvivugol is situated in the village of Silets. “Three employees, local dwellers, were injured”, the administration noted. They have been brought to the hospital. (Ukrainian metal)
DetailsSeverstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…
DetailsThe first vessel with gas coal from US for DTEK thermal power plants arrived in Ukraine. “The Navious Galileo arrived on October 26. The coal from US will be unloaded in usual mode”, the Yuzhniy Sea Trade Port authorities reported. The first batch is 75 thousand tons of coal, which will be supplied to Ladyzhino…
DetailsThe competition committees have set the Zaporozhye Aluminum Works privatization conditions. According to the State Property Fund head Vitaly Trubarov, 68.009% of the ZALK state shares will put up for auction at 278.37 million UAH. In 2011 Rusal shut down the works. A year ago its equipment and machinery was cut into scrap and illegally…
DetailsThe net profit of the Russian steelmaker Novolipetsk Steel (NLMK) soared by 63% YoY, to $1.022 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 27. Revenue grew by 28%, to $7.25 billion, and EBITDA by 31%, to $1.869 billion. In July-September, the net profit…
DetailsThree people died from carbon monoxide poisoning in a mine in Batken region, the Ministry of Emergency Situations reported. According to it, the accident occurred in Samarkandek village in Garym section. The dead S. Ormonov, born in 1970, I. Ibragimov, born in 1972, and Akmat Uulu U., born in 1987, illegally mined coal. Rescuers of…
DetailsNext year there will be no profitless state mines in Ukraine provided the government plan of coal industry reformation is carried out. “I have promised that if the plan of actions, agreed upon with the government, is carried out, next year all our state mines will be profitable”, the minister of energy and coal industry…
DetailsThe arbitrary court of Perm region has settled the amicable agreement between the Kamastal Iron and Steel Works LLC and R-Line Transport Systems. The latter in July applied to the court to announce Kamastal bankrupt because of its debt of 22.7 million rubles. Later two more claimants appeared. But during the court session R-Line and…
DetailsArcelorMittal Tubular Products Aktau is finishing constructing a unique shop. The new ship to assemble pipes in dual sections is a joint venture of AMTPA and KazTurboRemont. The commissioning of the new shop will create some 150 jobs. The shop will weld pipes into dual 24-meter sections. Its capacity will be 300 km of pipe…
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