Vladimir Kim and Oleg Novachuk, director and chairman of the board of Kaz Minerals respectively, as well as its largest shareholders, have announced their intention to buy 60.61% of shares at the London Stock Exchange and return the company to private ownership. The shares will be bought via their Nova Resources company at GBP 6.4…
DetailsSince June, ArcelorMittal Kriviy Rih has supplied 1.3 thousand tons of rebars for the construction of a new bridge over the Dnepr River in Zaporozhye, or some 50% of the needs. The construction resumed in April, and the company became the key supplier of A-III A400 rebars with the diameter of 12 to 32 mm.…
DetailsInterpipe intends to master the manufacture of new types of products for heavy machine-building, cargo vehicle suspension systems and oil machine-building. “Sooner or later the market will revive, and we must be ready to present new products”, the company machine-building pipes sales director Marina Lugovskaya reported. Interpipe is expanding the production of large precision cold-drawn…
DetailsDuring the alluvial season of 2020, the Novaya Miners’ Team LLC has extracted 120 kg of gold. The company intended to extract 140 kg of gold. Thus, the annual target was 85.7% met. The decrease is due to a depletion of reserves at the site and the drop in gold content in sands. Last year,…
DetailsZaporizhstal has purchased a LiuGong front-end loader for the blast furnace shop. Investments amounted to 2 million UAH. The efficiency of the new machine is higher compared with previous analogues: fuel consumption is 15% lower, while performance is 14% higher. (Ukrainian metal)
DetailsIn January-September, Ukraine produced 250.1 thousand tons of metal structures, down by 27.5% YoY. In particular, according to the State Statistics Service, the manufacture of prefabricated pig iron or steel structures fell by 27.1%, to 29.3 thousand tons. The output of structures made solely or mostly of ferrous sheet metal dropped by 8%, to 85.1…
DetailsIn 2019, Metinvest enterprises in Kriviy Rih – Ingulets, Severniy and Central Mining and Processing Works – spent 4 billion UAH on ecological projects under a city program until 2025. In particular, the enterprises invested in new machinery and equipment, which helped decrease dust emission to 50 mg per 1 cubic meter. 14 automated environment-monitoring…
DetailsIn August, Metinvest B. V, decreased revenue by 7.9% YoY, to $838 million. EBITDA grew by $12 million, to $216 million. Metal division EBITDA totaled $91 million, while mining – $134 million. Metal revenue amounted to $671 million, mining – $258 million and intragroup sales – $91 million. Debt dropped by $64 million to $3.017…
DetailsA gold-extracting factory will be built at the Malo-Tarynskoye deposit in Yakutia. The first alluvial sites in the Bolshoy and Maliy Taryn Rivers valley were discovered in late 1930s. The Malo-Tarynskoye deposit was discovered in 1999-2001. The Boguslavets Company is now developing the deposit. The capacity of the factory will be 300 thousand tons of…
DetailsIn January-September, Interpipe transferred almost 2 billion UAH to the budgets of all levels. “Despite the economical crisis, coronavirus pandemic and growing electricity prices, in 2020 every ton of steel produced by us brought 3400 UAH to budgets of all levels”, the company reported. According to Interpipe, all its billets are processed in Ukraine and…
DetailsIn January-September, Zaporozhye Ferro Alloys Plant decreased ferroalloys output by 23% YoY, to 153.3 thousand tons. In particular, silicomanganese manufacture dropped by 34.6%, to 71.65 thousand tons, and ferrosilicon – by 20.4%, to 44.88 thousand tons, while ferromanganese grew by 23%, to 34.56 thousand tons. Metallurgical manganese output fell by 56.8%, to 2.21 thousand tons.…
DetailsZaporozhogneupor, the largest producer of refractory materials in Ukraine, has invested 12 million UAH in the modernization of gas-purifying equipment – bag filters with impulse regeneration. The new equipment will provide for air purification at the level of 20 mg per cubic meter. All the dust will be returned to production. Assembly will be finished…
DetailsIn January-September, Severniy Mining and Processing Works decreased pellets output by 38.4% YoY, to 4.03 million tons. Concentrate manufacture grew by 3.1%, to 9.34 million tons. In September, SevGOK produced 425 thousand tons of pellets and 980 thousand tons of concentrate. (Ukrainian metal)
DetailsFerrexpo, controlling Poltava and Yeristovo Mining and Processing Works, is mulling an opportunity to ship iron ore raw materials to China in container trains. “This is interesting for us, as thus we diversify deliveries. There must be different directions. If nothing has been shipped to China in containers so far, why don’t we try it”,…
DetailsAfter 15 years of idle time, the only gold-extracting enterprise in Ukraine – Muzhiyevskiy gold mine – has resumed operation. In addition to gold it can also produce zinc. Avellana Gold operates its processing factory at the deposit. Overall capacity will reach 500 thousand tons of ore per year. The previous enterprise went bankrupt n…
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