The authorities of the so-called Donetsk People’s Republic, a terrorist organization, supported by Russia, on the occupied territory of Ukraine, have started negotiations with the major mining companies of Russia on the delivery of raw materials. The non-existing Ministry of industry of the DPR informs that it is negotiating with the following: Lebedinsky and Mikhailovsky…
DetailsSeverstal has started assembling the main technological machinery for the ladle-furnace No. 2 at the steel smelting shop of Cherepovets Iron and Steel Works. At present the assembly of a 520-ton crane is coming to an end. “The project costs exceed 3 billion rubles. The new machinery will increase converter steel output to 10 million…
DetailsSeverstal has signed year-long contracts with the leading car manufacturers from Russia and CIS to supply metal in 2017. According to the company statement, it will supply 70 thousand tons of metal, produced at the Cherepovets Iron and Steel Works, to KamAZ. Severstal also agreed on deliveries to GAZ. The company has been also supplying…
DetailsThe anthracite coal stocks at the warehouses of thermal power plants decreased by 12.1%, to 513 thousand tons, as of March 27. According to the Ministry of energy and coal industry, the gas-coal stocks increased by 8.9%, to 1.292 million tons. 260 thousand tons of anthracite are stored at the Lugansk TPP. (Ukrainian metal)
DetailsUkrdoninvest LLC, which in September 2016 signed a contract with the state enterprise Centrenergo to supply 240 million UAH worth of coal, has acquired 21.69% of shares of the Ukraina Central Processing Factory from Altera Asset Management. Altera is no longer a shareholder of the factory. 78.31% of the factory stake belong to DRFTs LLC.…
DetailsArcelorMittal Kriviy Rih will recultivate the lands of the old quarry of the non-operating mine named after Valyavko-Severnay. In 2017-2018 the company will create a green public zone in Kriviy Rih. AMKR will spend some 1 million UAH on the project. The mine was closed down in 1996 because of the reserves running dry. (Ukrainian…
DetailsPavlogradugol and Dobropolyeugol incorporated into DTEK plan to increase run-of-mine (ROM) coal by 10-15% in 2017, DTEK CEO Maksym Timchenko has said. He said that the Pavlogradugol production target for 2017 was 19-20 million tons (a rise of 3.3-8.7% on 2016), and that for Dobropolyeugol – 3.8 million tons (a rise of 65.2%). He said…
DetailsThe resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…
DetailsIn 2016 Ukrainian Mining and Metallurgical Company, one of the largest metal-selling companies of Ukraine, received 66.8 million UAH of net losses, as opposed to 51.17 million UAH of net profits in 2015. According to the company statement, its accounts receivable dropped by 4.6%, to 295.353 million UAH, but current liabilities rose by 14.4%, to…
DetailsThe project of complete modernization of the Vyksa Iron and Steel Works will require $6.94 billion worth of investments. According to the owner of the company – OMK – it plans to carry out the project in several years, without naming the specific date. The project presupposes the total modernization of the existing casing pipe…
DetailsIn 2016 KMAruda received 566 million rubles of net profits, up 1.7-fold YoY. According to the company statement its income rose by 7.9%, to 5 billion rubles. “The positive dynamics was provided by the increase in revenue and the concentrate price”, the company said. The works was also able to cut expenses by slightly decreasing…
DetailsThe board of directors of the Russian coal producer Raspadskaya has recommended paying no dividends for 2016, the company said in a statement. The board has recommended spending 6.752 billion rubles of the net profit of 12.957 billion rubles to redeem a loss of previous years and leaving the remaining 6.205 billion rubles undistributed. The…
DetailsPublic joint-stock company Ukrzaliznytsia has denied accusations of providing preferences for transit of Russian iron ore. “Now the level of transit tariffs if we compare them for similar distances for this cargo is higher by $5.6-7.5 per ton in contrast to domestic transportation. Even if the domestic tariffs are indexed, the tariff for iron ore…
DetailsDTEK plans to import about 2 million tons of coal in the second, third and fourth quarters of 2017, DTEK CEO Maksym Tymchenko said. “We see the need for more than 2 million tons of coal by the end of the year. Today one vessel has already been contracted, we expect delivery in early May.…
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