Dneprovsky Iron and Steel Works CEO Vyacheslav Mospan has reported the problems with energy carriers and drinking water. Electricity consumption is still at its lowest – 11 MWh. If the debt is not cleared in the near future, the works will be completely cut from grid. Payment for water last week was enough by today.…
Gorno-Altaiskaya Expeditsiya has found traces of gold ore at the Belyashi site in Altai region. In addition to main mineral resources (tantalum, lithium, niobium, and tungsten), the site could also yield gold, copper and lead. The prospecting work was carried out in 2016. (Ukrainian metal)
The two tenders on ferrous scrap sales by Ukrzaliznytsia with the total volume of 46 thousand tons have been declared not having taken place. According to the tender documentation, there was only one offer, while at least two offers were needed. The first lot consisted of 24 thousand tons of steel scrap valued at 122.76…
The temporary manager of the Aluminum Castings Works (Altai region) Sergey Pupkov has put on sale assets of the company. The starting price of all lots is 215 million rubles. Machinery and mills are being sold as one lot for 120 million rubles. The offers are accepted by June 11. This is the fourth time…
Irkutsk Aluminum Works, a part of Rusal, has started producing wire rods of 3000 and 4000 series alloys. This wire rod is used in the manufacture of wire for aluminum structures and sections welding. The pilot batch of aluminum wire rods is now being used at one of Moscow works. At present the demand of…
This year the Ministry of finances has to pay the State Bank of China 348.53 million UAH under the loan agreement with Lisichanskugol, provided by the bank under state guarantees in December 2011. The bank gave $85 million with 7.05% interest rate for 9 years to modernize the mine named after Melnikov. As of March…
In 2016 Dneprovsky Iron and Steel Works received 2.717 billion UAH of losses, up 1.9-fold, or by 1.372 billion UAH. According to the company statement, its net income dropped by 15.36%, or by 2.568 billion UAH, to 14.146 billion UAH. In 2015 DMK received 1389.476 million UAH of losses, having increased its net income by…
In March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM. According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)