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On October 11, Evraz Sukhaya Balka will hold an extraordinary meeting of shareholders, at which it is planned to rename the company into Sukhaya Balka. “This year our enterprise turns 121. In the matter of renaming the company it was decided to retain the legendary name of Sukhaya Balka”, the company CEO Vitaly Bash commented.…
DetailsThe Vorkutaugol Zapolyarnaya mine site No. 7 has fulfilled its year plan of coalmining in advance. Since the year start the miners have yielded 720 thousand tons of coal. “For the past 7 years the site has 4 times fulfilled its plan in advance”, the mine deputy director Alexander Bondar noted. In Q4 the mine…
DetailsSince the beginning of the year Raspadskaya mine has extracted 2 million tons of coal at its site No. 1. This volume has been obtained from the long face 4-10-29, equipped with the modern Bucyrus shearer. After being processed at the Raspadskaya factory the concentrate is supplied to metal and coke works of Russia, Ukraine…
DetailsCherepovets Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. The cost of the repairs was some 1.8 billion rubles. The work has been carried out 9 days earlier. The repair lasted for 33 days. The work prolonged the BF1 operation by at least 7 years. (Ukrainian metal)
DetailsShareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares. The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share. The funds received from the placement of…
DetailsIn August Ukraine produced 939 thousand tons of steel, not counting continuous-cast semi-finished products, up by 0.5% YoY, but down by 3.7% MoM. According to the State Statistics Service, the temporarily occupied territory of Crimea and a part of the Antiterrorist operation zone are not taken into account. Steel output in 8 months decreased by…
DetailsIn January-August the Zapadnaya Coal Company mined 390.6 thousand tons of coal at the Krutoyarsky site of the Konstantinovskoye deposits, up 2.5-fold YoY. This year the company intends to yield 450 thousand tons of coal. Thus, so far the target has been 87% complete. (Ukrainian metal)
DetailsIn January-August Sakhalin region mined 4.7 million tons of coal, up 1.4-fold YoY. At present 10 enterprises mine for coal in the region, with two companies – Solntsevskiy coal pit LLC and Gornyak LLC – accounting for 65%. (Ukrainian metal)
DetailsMetalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…
DetailsIn January-July Russia exported 8.17 million tons of steel semi-finished products, down by 3.8% YoY, valued at $3.227 billion, up by 39.3%. In July exports totaled 1.08 million tons, down by 1.5% MoM. Taiwan was the main importer of semi-finished products (21%), at the average price of $345 per ton FOB Russian border. Turkey’s share…
DetailsIndia intends to purchase uranium from Uzbekistan to replenish its strategic reserves. The parties are currently negotiating the matter. The first meetings of the delegations took place two months after the meeting between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev on the sidelines of the Shanghai Cooperation Organization summit in Astana. The…
DetailsRussia’s United Metallurgical Company (OMK) expects revenue to grow on the year in 2017, while EBIDTA may remain flat, core owner and the board of directors’ Chairman Anatoly Sedykh reported. In 2016, OMK’s revenue fell by 13% YoY, to 140 billion rubles and EBITDA decreased by 1%, to 34.9 billion rubles. “I think that the…
DetailsInterpipe has initiated a revision of the size of the antidumping duty on some types of seamless pipes originating from Ukraine. “We have initiated the revision, as 13% do not correspond to the current situation”, the company finances and economy director Denis Morozov noted. The current duty of 13% will be valid till July 2018.…
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