In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH. The uncovered losses as of the late June totaled 6.619 billion UAH. In H1 the works did not produce anything. In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)
Prices of precious metals rose in price on July 25, according to the data published by the Central Bank. The price of gold increased by 9,3415 manats, to 2081,905 manats per ounce on July 25, compared to the price on July 24. The price of silver increased by 0,1892 manats, to 26,2956 manats per ounce.…
The president of Uzbekistan Shavkat Mirziyoeyev has increased the subsoil use tax when mining for non-ferrous and precious metals on average 5-fold. The corresponding announcement has been published on the site of the National legislation database. The copper mining tax grew from 8.1% to 30%, metallic zinc – from 4% to 20%, gold from 5%…
The Corporation of the Far East Development received 24 offers on investment cooperation in the free port of Vladivostok. Three of them were submitted by the potential residents of the Chukotka Autonomous District. In particular, the Ugolnaya Mine intends to purchase new equipment, machinery and spare parts, thus improving the coal mining capacity at the…
In January-June the Republic of Yakutia increased gold output by 16% YoY, to 8055.26 kg. Moreover, the output is 3.5% above the half-year target. This year Yakutia intends to obtain 25 tons of gold. (Ukrainian metal)
An accident happened at Yuzhniy Mining and Processing Works on July 24. A truck driver was injured while replacing wheels. He got his nose, jaw and hand damaged. A special commission has been created to investigate the accident. (Ukrainian metal)
Vostochniy Mining and Processing Works and Sumykhimprom cannot satisfy the real demand of the mining and metallurgical companies in sulfuric acid. According to the letter of Ksenia Lyapina, chairwoman of the State Regulatory Service, to the prime minister Vladimir Groysman and the first vice minister Stepan Kubiv, the shortage of the sulfuric acid on the…
Kamensk-Uralsky Iron and Steel Works has put into operation the roughing stand of the new hot-rolling mill. Now the company is able to produce plates with the thickness of 10-210 mm, width of 3 meters and the length of 32 meters. The stand has been commissioned under the rolling complex project with the capacity of…
