Muzhievo village near the Hungarian border has been mining gold since 1999 for 7 years. Now the mine will be repaired and some 500 people employed, thanks to Avellana Gold. “The project will be successful. If some locals treat it neutrally, those who have previously worked there support it now. Such enterprises offer higher wages.…
The Ministry of Finances has admitted that while preparing the Tajik Aluminum Works 2010-2015 and H1 2016 operational results review it has made some mistakes. “In particular, export-import operations were stated in the company profits that have nothing to do with the company financial activity and, thus, cannot represent its financial state”, the ministry said.…
All the companies of DTEK, situated on the occupied territories, are working under Ukrainian jurisdiction. “We have 8 companies on uncontrolled territories: mines, one power plant and network companies that transport electricity in the Donetsk region. All of them pay taxes to Ukrainian budget”, the company CEO Maxim Timchenko said. “We bring as much coal…
Vostochny Mining and Processing Works has accepted the offer of the trading company Ingus for the delivery of 2900 kg of lubricating oils valued at 261.11 thousand UAH. 4 companies took part in the tender: Smart oil, Ingus, Agro-centr and Eco-service. Smart oil’s offer was the lowest – 210.93 thousand UAH, but it was rejected.…
The Samarskaya mine of the DTEK Ternovskoye Mine Group has put a new long face (No. 184) into operation. The face length is 250 meters. It will be in operation until May 2017. Investments into the long face totaled 50 million UAH. By the year-end the miners plan to put another long face into operation.…
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 37 44 31 36 October 37 44 33 39 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
Prosecutors of Dnepropetrovsk region have initiated criminal proceedings against Evraz Sukhaya Balka for illegal mining of iron ore at the Yubileynaya mine. According to the prosecutors, the company has been illegally mining ore without corresponding documents since September. Sources say, Evraz Sukhaya Balka was officially idle in September and October because of the absence of…
In January-September Russia produced 86637 tons of stainless steel, up by 3.3% YoY. Flat hot-rolled metal output went up by 6.7%, that of bars – by 47.5%, and of electric-welded pipes – by 19.1%, all YoY. At the same time cold-rolled flat metal output dropped by 13.5%, of round billets – by 41.2%, of wire…
