Russia Metals and Mining

Ukrainian plant of Evraz transferred under control of Metinvest

As the Kommersant has got to know, shareholders of Evraz have got rid of Dneprodzerzhinsk coke plant - it came under the control of Metinvest of Rinat Akhmetov, whose Avdeevka coke plant in the Donetsk region is located in the zone of fire and can’t guarantee a stable shipment of raw materials. However, the market doesn’t expect the rapid completion of the transaction on the change of ownership in the light of the difficult financial situation of Metinvest"
Evraz Dneprodzerzhinsk coke plant (DKHZ, the capacity is more than 500 thousand tons of coke per year), which belonged to shareholders of Evraz, has come under the control of Metinvest of Rinat Akhmetov, sources, close to both metallurgical holding companies told the Kommersant and a source at the plant confirmed. Mr. Akhmetov’s company actually manages DKHZ since the beginning of 2015, the Kommersant’s sources say.
In August 2014, general director of Metinvest Yuri Rizhenkov reported to Ukrainian mass media that the company " declared an interest" in DKHZ, as because of the conflict in the south-east of the country it had problems with provision with coke. It was about the interruption of the supplies from the Avdeevka coke plant of Metinvest, which is located in the Donetsk region, controlled by Kiev - the plant is still in the area of ​​attacks.

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UC Rusal doesn’t change its investment plans for 2015

UC Rusal doesn’t change its investment plans in the amount of $500-600 million for 2015, despite the decline in aluminum prices. This was reported by the company's general director Vladislav Soloviev during the conference call.

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UC Rusal expects to receive $4.5 bln of dividends from Norilsk Nickel

UC Rusal plans to receive $4.5 bln of dividends from its package of shares of Norilsk Nickel  in the period 2015-2019. Previously the company was wrong with the assessment of the paymenst. UC Rusal’s head O. Deripaska, intended to receive high dividends from Norilsk Nickel for all the shareholders of the company. UC Rusal keeps receiving dividends from its investment into Norilsk Nickel and expects to receive $4.5 bln in the period 2015-2019, that corresponds to dividend payments of other companies in the mining and metallurgical sector, is said in Rusal’s report under IAS.

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In H1, net profit of Evraz grew by 26.7% to $19 million

The mining company Evraz has published a report stating that the company's net profit under IAS in the first six months of 2015 increased by 26.7% to $19 million. The consolidated EBITDA made up $922 million (In the same period of the previous year it was $1.08 billion). The company’s revenue decreased by 28% to $4.9 billion. It is noted that Evraz expects an increase in the demand for steel in Russia in the second half of the year against the background of improved credit conditions and infrastructure projects.

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In H1 "UC Rusal" increases EBITDA under IFRS by more than three times.

The performance of the company was better than the consensus forecast composed by RIA Novosti according to a survey of analysts, who had expected EBITDA at $ 1.19 billion.
In H1 2015 "UC Rusal" increased EBITDA under IFRS by 3.3 times to $ 1.289 billion compared with the same period last year, the message of the company informs.
The result was better than the consensus forecast compiled by RIA Novosti according to the survey of analysts who had expected EBITDA at $1.19 billion. The revenue increased by 8.3% to $ 4.75 billion, also better than analysts' expectations, who predicted the figure of $ 4.714 billion.
The net profit of "UC Rusal" in the reporting period amounted to $879 million against losses of $ 209 million dollars a year earlier, the adjusted net profit - $ 415 million against a loss of $ 395 million, the normalized net profit - $ 830 million compared to a loss of $ 40 million a year earlier. The net debt for the period decreased by 9.4% as of June 30th amounted to $8.005 billion.

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Supplies of Severstal to railway engineering grew by 15%

In H1 2015 Severstal shipped about 92 thousand tons of metal products to the railway engineering sector, that is by 15% more than in H1 2014. The growth of supplies was primarily due to the growth of shipment to the Tikhvinsky wagon manufacturing plant which is controlled by “United wagon company”, Severstal reports.
In H1 2015 the supplies were held in the framework of the agreement signed between Severstal and the Tikhvinsky wagon manufacturing plant which is valid from March until December 2015. The total volume of supplies to the Tikhvinsky wagon manufacturing plant will make up about 88 thousand tons of metal rolled products, in H1 2015, 60 thousand tons have been shipped out of this volume.

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In H1, net profit of ChTPZ was 4.2 billion rubles against 189 million rubles last year

In January-June 2015, the ChTPZ Group made the profit in the amount of 4.211 billion rubles. (in the first six months of 2014, the profit amounted to 189 million rubles), the company reports.
The positive operating cash flow amounted to 10 286 billion rubles (in the first six months of 2014, it was 4 417 million rubles). The net profit margin increased to 5.5%

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Launch of TEMPO plant to become the main event of the year in metallurgical sector

The project of the company TEMPO from Naberezhnye Chelny is nominated as the “Main event of 2015 in the metallurgical sector of Russia” in a prestigious competition. The enterprise will make a presentation of the electric metallurgical plant which is planned to be put into operation in October.
Among the candidates are a plant of high-strength fittings “Bervel” in Ryazan, a JV of ChTPZ and Rosnano in Chelyabinsk “Eterno” on the production of pipe blocking fittings and others. The nomination was approved by the committee of “Metal -Expo” workshop and the Ministry of Industry and Trade of Russia.
Severstal, Mechel and others have been awarded in this nomination in the past years.  

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The Ukraine to solve its coal shortage with supplies from RUSSIA, CIS countries and from the Donbass.

The Ukraine is experiencing an acute shortage of anthracite coal grades because of hostilities in the Donbass, in September-October it plans to accelerate the accumulation of coal stocks in warehouses of thermal power plants by increasing its supplies from Russia, CIS countries, as well as from the war zone in Donbass.
As UNIAN informs, the Minister of Energy and Coal Industry Vladimir Demchishin stated this at a meeting of anti-crisis Energy headquarters.

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The weakening of the rouble does not affect the capital expenditure of Polymetal – Nesis.

The weakening of the rouble did not affect the rouble component of capital expenditures of Polymetal, CEO Vitaly Nesis stated during a conference call.
"The rouble portion of the total capital expenditure is less than 20%, and even close to 10%. This year the main objective of the costs is updated fleet and exploration", - Nesis stated, adding that the company increases volume of drilling, but spends the same money on that due to the weakening of the rouble.

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