Global steel output grew by 5.8% YoY in June, to 151.4 million tons, according to World Steel Association. In January-June steel manufacture increased by 4.6% YoY, to 881.5 million tons. Ukraine produced 1.7 million tons of steel, up by 7.5%. Thanks to that the country was able to climb two steps in the world rating…
The U.S. is holding fruitful talks with Russian aluminum giant UC RUSAL hit by sanctions in April, Bloomberg reported citing U.S. Treasury Secretary Steven Mnuchin. The U.S. did not plan to introduce sanctions against aluminum companies, Mnuchin said, adding he hoped he was holding fruitful discussions with the company to solve these problems. The U.S.…
Chelyabinsk Pipe-Rolling Plant (ChelPipe) posted a net profit of 6.927 billion rubles in January-June against a net loss of 864.754 million rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report. Revenue increased by 33%, to 71.921 billion rubles. The company posted a 7.862 billion…
Prime Minister Volodymyr Groysman has said that the Energy and Coal Industry Ministry should improve its work with state mines and turn them into profitable enterprises. “An important issue is Ukrainian coal: the Energy Ministry must finally fulfill its task and make state mines profitable enterprises, instead of constantly plunging miners into poverty,” Groysman stressed.…
The Buzhanskaya mines Nos. 9 and 10 in Novovolynsk will be checked for legality of using artesian wells. The mines did not pay for the water taken from the wells. Moreover they pollute the water. The deputy chairman of the Volyn regional state administration Sergey Kosharuk has ordered the relevant departments to check this. (Ukrainian…
The development of the gold ore deposits Vekhniy Kumarg will start this year. According to the Department of geology, a draft investment agreement between the government of Tajikistan and the Chinese company TBEA for the development of the deposits has been prepared. As soon as the lower house of the parliament ratifies the agreement, the…
The Central scientific laboratory in the city of Kara-Balte has taken 11 probes of ore in the case of copper-gold concentrate from the Bozymchak deposits. In the probes with the share of gold in the amount of 1.68 g per ton there were 7.77 g of silver per ton and 0.98% of copper. In other…
The supervision procedure will last in the Belstal company till October 22. The bankruptcy process was initiated by Atlasspetsstroy LLC, as Belstal owed it 7.82 million rubles for special machinery and transport. Several years ago Belstal announced its plans to construct a mini-metallurgical plant with the capacity of 500 thousand to 1.25 million tons per…
