The Verkhovnaya Rada budget committee has rearranged funds, which will allow paying salary to miners. “Some 306 million UAH will be spent to clear salary debts to miners”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. In particular, Mirnogradugol, where employees of only one mine were paid…
Beloretsk Iron and Steel Works has become a member of the International association of manufacturers, sellers and consumers of welding electrodes and equipment Electrode. This will strengthen the company partner relations and expand its sales market. The Association unites 32 companies from Russia, Ukraine and Kazakhstan. “BMK joining the Association is an important event for…
ArcelorMittal Temirtau will invest $21 million into the strategically important steel project. At present the ladle furnace construction is nearing its end. Its commissioning is scheduled for late Q2 2018. “The converter shop is undergoing a serious repair. This year we carried out 21 investment projects there. The most important for the steel manufacture is…
In Q3 Polyus gold output increased by 16%, to 642 thousand ounces. Mined ore totaled 9915 thousand tons, up by 45% YoY. Gold sales increased by 5%, to $734 million at the average price of $1279 per ounce. As of September 30, the company total debt was $3151 million, up from $3084 million as of…
In January-September the coal division of the Industrial-Metallurgical Holding increased coking coal output by 50%, to 2.17 million tons. The increase is the result of two mines put in operation in May. Coal concentrate output at Berezovskaya Central Processing Factory totaled 1.87 million tons, down by 4% YoY. Coke output in 3 quarters dropped by…
In January-September Kuzbassrazrezugol produced 34.8 thousand tons of coal, up by 4.5% YoY. Coking coal accounted for 4.6 million tons, up by 1.6% from the target. Baykaimskaya mine yielded the most coking coal – 850 thousand tons. Since the start of the year the company has shipped 31.4 million tons of coal to consumers, with…
In January-September DTEK increased purchases of coal from Lviv and Volyn region mines by 6.3%, to 521 thousand tons. According to the company statement, the growth has to do with the increase in electricity output at combined heat and power plants operating on the gas coal. In September Western Ukraine mines supplied DTEK with 75…
The Antimonopoly Committee of Ukraine has allowed Glencore to buy Nikolaev Alumina Works from Rusal. Glencore will own a share in Aluminiy Ukrainy LLC and Guardon Ukraina LLC, which own 13.96% and 86.04% in NGZ respectively. In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. (Ukrainian metal)