Russia: Evraz appoints new CFO
Evraz plc has appointed Nikolay Ivanov the new vice-president on finances (CFO). Ivanov will replace Giacomo Baizini, who has been CFO for 4 months following the resignation of Pavel Tatianin. (Ukrainian metal)
DetailsRussia: metal raw materials transportation up in November 2016
In November Russian Railways increased throughput by 2.6% YoY, to 34.06 million tons. In particular, the company transshipped 9.9 million tons of coal, up by 3% YoY. Iron and manganese ore transshipment went up by 4.5% YoY, to 3 million tons, ferrous metals scrap – by 10.4%, to 0.4 million tons, and coke – by…
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DetailsRussia: Nordgold cuts 2016 output forecast
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has cut its 2016 gold output forecast to 840,000-880,000 ounces from 880,000-930,000 ounces due to suspension of production at the Aprelkovo mine and difficulties with access to African deposits because of an extraordinarily long rain season, the company said in a statement. But the forecast…
DetailsBelarus and Pakistan mull over joint steel production project
Belarus and Pakistan are mulling over a joint steel production project, the press service of the Belarusian Industry Ministry reported. “Minsk hosted an official meeting of the Belarusian Industry Ministry authorities led by Minister Vitaly Vovk with Ahmad Ayaz Sadiq, Vice President at Barclays Bank Plc, Director for FI and NBFI Coverage in the Middle…
DetailsRussia: MMK to return to pre-crisis profits
In 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…
DetailsUkraine: DTEK Pavlogradskoye mines 3 million tons of coal
Pavlogradskoye Mine Group has mined 3 million tons of power-generating coal a month before the planned time. The company is in the TOP-3 DTEK miners. Average daily output in January-October totaled 11 thousand tons. “The output of 3 million tons will let out thermal power plants provide light and warmth to hundred thousands of Ukrainian…
DetailsUkraine: new construction estimate for Novovolynskaya mine
The Cabinet of Ministers has corrected the Novovolynskaya No. 10 mine construction project estimating it at 4457.24 million UAH. According to the new project, 2.189 billion UAH will be spent on mining and construction works, 1.309 billion – on equipment and machinery, 960.4 million UAH – on other expenses. The time of construction is now…
DetailsUkraine: Corum Group to produce headgear sheaves for Vorkutaugol
Corum Group plans to produce the second lot of headgear sheaves for Vorkutagol by the end of 2016. According to the company statement, the first batch was produced in November. The equipment has been specifically produced for operation in the extreme North. Since 2011 Corum Group has produced and sold some 100 sheaves. (Ukrainian metal)
DetailsUkraine: pipe output down in January-September 2016
In 2015 Ukrainian companies produced 852 thousand tons of pipes, down by 39% YoY. In January-September the output dropped by 3% more, to 623 thousand tons. This output decrease could be explained by several factors. First of all, it’s market situation transformation and sales market change. Until recent times the main consumers of Ukrainian pipes…
DetailsUkraine: Centravis replaces BD member
Shareholders of Centravis Production Ukraine have dismissed Elena Antosheva from the board of directors and appointed Ruslan Zaplyusvichka instead. According to the company statement, Antosheva has been the BD member since May. Zaplyusvichka has been appointed until November 2019. He used to occupy the positions of the deputy financial director, deputy economy and provision director…
DetailsRussia: LGOK to put third stage of HBI works into operation
Lebedinsky Mining and Processing Works, a part of Metalloinvest, has entered the active phase of commissioning the third stage of its hot-briquetted iron works. According to the company statement, the works will start producing HBI in late 2016 – early 2017. This will be one of the largest HBI works in the world capable of…
DetailsUkraine: Volnogorsk GOK to buy large quarry machines
Volnogorsk Mining and Processing Works plans to announce a purchase of 7 large quarry machines valued at 70 million UAH. According to the company statement, the tender will be announced in November at the ProZorro system of electronic purchases. (Ukrainian metal)
DetailsUkraine: UMCC investments total 300 million UAH
The state enterprise United Mining and Chemical Company estimates its investments into the acquisition of assets since September 2014 at 300 million UAH. According to the company statement, 182 million UAH was spent to buy equipment for Volnogorsk Mining and Processing Works, with some 112 million UAH – for Irshansk Mining and Processing Works. In…
DetailsUkraine: Ferrexpo pellets output down in January-October 2016
In January-October Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works produced 9.25 million tons of pellets, down by 4.6% YoY. According to a company representative, its concentrate output went up by 1.9% YoY, to 11.72 million tons. In October 930 thousand tons of pellets and 1.14 million tons of concentrate was produced. Ferrexpo…
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