Russian metals giant Norilsk Nickel plans to spend over 18 billion rubles to introduce a new technology of nickel refining at its unit Kola Mining and Metallurgical Company in the Murmansk region, Norilsk Nickel said in a statement. The project will allow the company to reduce operating expenditures and metals losses in the production process…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 17 20 20 25 August 18 22 17 23 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
In September Zaporozhogneupor increased molded refractories output by 4% YoY. According to the company statement, it produced 8132 tons of molded refractories, including 3920 tons of chamotte wares, 3582 tons of magnesia wares, 629 of high-aluminous wares, as well as 5767 tons of chamotte-kiln wares. In January-September the works produced 34040 tons of chamotte wares,…
Russian precious metals producer Polymetal International may not pay special dividends in 2016 because of unfavorable market conditions, CEO Vitaly Nesis said. “As we’ve already said, the dividends will largely depend on dynamics of gold prices in the fourth quarter. The period’s cash flow will define the amount of free cash for special dividends. The…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 427 718 418 418 August 384 718 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…
Starting with October 1, Metinvest has increased salary at its companies, even those in the Antiterrorist operation zone, on average by 5%. This is the second increase of wages this year. “All in all, this year the salary has increased by 15%. The most prominent employees will have their wages increased by 30%”, said the…
The miners of the state enterprise Selidovugol continue their struggle for their mines, decent labor conditions and salary. Now they have remembered 52 million tons of coal reserves, that the son of the ex-president Victor Yanukovich – Alexander – illegally took back in 2012. The Independent Miners Union has addressed the minister of energy and…