Ukraine, Metals and mining

Ukrainian companies to receive coal on contract with SAR in May

Ukrainian companies should receive coal, which is contracted for May, from the South African Republic, the Ukrainian Minister of Energy and Coal Industry Igor Nasalik reports.

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Ferrexpo increased net profit by 6 times in 2016

The revenue of Ferrexpo in 2016 grew by 2.6% to $986.33 mln.
In 2016 Ferrexpo made $189.2 mln of net profit, that is by more than 6 times exceeds the results of 2015 ($31.46 mln).

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MMK n.a. Ilyich reduced loss by 10 times

In 2016 the Mariupol metallurgical plant n.a. Ilyich by the preliminary data reduced its loss by 10.4 times to 152.79 mln grivnas against 2015 (1.50 bln grivnas).

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Poltava GOK increased operational profit by 19%

Poltava GOK (in the structure of Ferrexpo) on the results of 2016 increased profit from operational activity by 19% to 3.2 bln grivnas against 2.7 bln grivnas in 2015.

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Azovsteel made over 500 mln grivnas of profit in 2016 against a loss in 2015

The metallurgical plant Azovsteel (in the structure of Metinnvest) on the results of 2016 made a net profit of 558.417 mln grivnas while ended 2015 with a net loss of 1 bln 835.472 mln grivnas.

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Metalloinvest denies negotiations on supply of iron ore to the Donetsk and Lugansk People’s Republics

Metalloinvest doesn’t negotiate on the supply of iron ore in the Donetsk and Lugansk People’s Republics, the company’s representative reports.

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Severny GOK reduced pellets production by 11% in January-February 2017

On the result of the railroad blocking leading to Donbass, the Severny GOK froze a half of its pelletizing machines. It will lead to the reduction of production results of the plant.

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Severstal denies that supply of ore to the Donetsk and Lugansk People’s Republics was discussed at the Government meeting

Severstal has denied the discussion of the iron ore supply to the Donetsk and Lugansk People’s Republics at the meeting in the Government.

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The Cabinet of Ministers asks: Russian metallurgists to help Donbass.

Metalloinvest and Severstal plan ore supplies into DPR and LPR.

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Donetsk and Lugansk People’s Republics state that they started supplies to Russia

The self-proclaimed Donetsk and Lugansk People's Republics announced on Tuesday that they began to supply anthracite (the oldest fossil coal that has the highest degree of coalification) to Rus

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