The Ministry of energy and coal industry has renamed the state enterprise Krasnoarmeyskugol Mirnogradugol, as the decommunization law dictates. Earlier the town of Krasnoarmeysk, where the company is situated, was renamed Mirnograd. The state enterprise comprises 4 mines, yielding power-generating and coking coal. (Ukrainian metal)
Last year Ufaleinickel produced 10.2 thousand tons of nickel, down by 7% YoY. According to the company statement, this had to do with the instable operation. In 2016 the company sold 543 tons of nickel on the local market, exporting 9.62 thousand tons to far foreign countries and 658.5 tons to CIS. 289 tons of…
In January-April subsoil users of Magadan region mined 5012 kg of gold, up by 52% YoY. The region has also started working on the alluvial gold. In particular Susumanzoloto yielded 100 kg of gold. According to Kolyma governor Vladimir Pecheniy, this year the region intends to yield 30.5 tons of gold, up by 10% YoY,…
The miners of the Mugunsky site, a part of Tulunugol open-pit, yielded 100-millionth ton of coal. The deposits are being developed since 1992. All the coal mined there could be loaded into 500 thousand cars with the length of 18 thousand km. Azeisky open-pit has so far mined over 300 million tons of coal, Tulunsky…
Severstal has started repairs of the Cherepovets Iron and Steel Works coking battery No. 4. The total cost of the investment project is 6 billion rubles. The battery has been working for almost 59 years without repairs, which is a world record. The battery was shut down on May 2. In 18 months it will…
One of the two Evraz Sukhaya Balka mine employees in Krivoy Rog, who have stayed for more than a day underground, demanding the increase of wages, have come out of the shaft. The Yubileynaya miners came out to negotiate with the management, while the Frunze miners are still underground. The miners are still blocking railroad…
In January-March Rusal increased its net profits by 48% YoY, to $187 million. According to the company statement, its corrected EBITDA went up by 52.2%, to $475 million, earnings increased by 20%, to $2.297 billion. Rusal aluminum output in Q1 decreased by 2.1% YoY, to 910 thousand tons. (Ukrainian metal)
The Eurasian Economic Commission has imposed a preliminary 4-months antidumping duty of 37.89% on Ukrainian hot-rolled steel angles. The duty affects angles manufactured by Azovstal, Yenakievo Iron and Steel Works and other companies. According to the commission, the output of the industry decreased because of dumping by 14.4%, sales – by 11.8%, profit – by…