The price of one ounce of gold increased by 7.497 manats or by 0.3526% last week, to 2,127.2508 manats. The price of one ounce of silver decreased by 0.0078 manats or by 0.286%, to 27.1837 manats. The price of one ounce of platinum decreased by 3.9695 manats or by 0.2759%, to 1,420.1579 manats. Last week,…
Because of the critical situation at the state coal enterprises, the Independent Miners Union has prepared an address to the president, prime minister and the Verkhovnaya Rada chairman. According to the union chairman Mikhail Volynets, the main problems in the industry are the wage debt growth totaling over 1.1 million UAH, the decrease of coal…
VIZ-Stal has started repairs of one of the four filter presses of the cleaning facilities. The repair presupposes the replacement of 15 filter plates. The commissioning of the machine is scheduled for late 2018. Assembly will be carried out in October. VIZ-Stal will invest some 12 million rubles in the project. (Ukrainian metal)
Kamensk-Uralsky Foundry Works is carrying out a program to renew machinery. The company specialists are assembling pressure sintering machines. Characteristics-wise the two manufacturing lines are better than 12 old furnaces. Both lines have been made to order and have no analogues in Russia today. (Ukrainian metal)
Interpipe believes in summer scrap procurement will decrease by 20%. “The market is saturated with scrap now, but with the coming of summer we see a traditional decline. We believe the drop in the scrap procurement will reach 20%”, Interpipe CFO Denis Morozov said. At the same time, scrap demand will grow, as ArcelorMittal Kriviy…
According to the State Fiscal Service, in January-June Ukraine imported 11.084 million tons of coal, up by 40.7% YoY, valued at $1.531 billion, up by 21.8%. Russia supplied $962.723 million worth of coal (62.88%), USA – $483.95 (31.61%), Canada – $48.365 million (3.16%) and other countries – $26.028 million (2.35%). At the same time in…
The minister of energy and coal industry Igor Nasalik is personally responsible for the situation in the state coal industry, the Prime Minister Vladimir Groysman declared. “The situation in the industry is unsatisfactory. The minister has been told many times to start restructuring and modernizing mines, as well as increasing coal output”, he said. “I…
Donetsk region state mine groups have concluded 2 agreements with the Mirnogradskaya Central Processing Factory to process coal for the total amount of 136.3 million UAH. The state enterprise Selidovugol has ordered processing of 660 thousand tons of coal at 145 UAH per ton (95.7 million UAH) until June 2019. The state enterprise Toretskugol will…
