The Miners Union of Ukraine has applied to the International Labor Organization, a part of UN, with the complaint on the breach of their rights due to the non-payment of salary. According to the Independent Miners Union chairman Mikhail Volynets, the salary debts to miners are growing. So far the debt amounts to 1 billion…
Obukhovskoye Mine Group, Rostov region, a part of Ukrainian DTEK, has suspended coalmining following an explosion. According to preliminary information, during the preparation for the explosion works at the long face No. 501, blast-hole charges detonated. There is no information on the collapse of the mine, but 5 miners were injured and one perished as…
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…
Ukraine’s imports of nickel ore and concentrate in January-July increased by 13.4% YoY, 891,670 metric tons from 786,140 metric tons, the State Customs Service said. The value of imports of nickel ore and concentrate rose to $43.6 million from $38.4 million in January-July 2017, S&P Global Platts said. Over January through June, Ukraine received 71%…
Uzbekistan intends to expand the supply of uranium concentrate to India in the near future, Deputy Prime Minister of Uzbekistan Sukhrob Kholmuradov said opening the meeting of the eleventh Uzbek-Indian intergovernmental commission. Uzbekistan is also ready to expand direct supplies of non-ferrous and rare-earth metals, cable and wire products. Kholmuradov stressed that the parties had…
Jersey-registered Russian aluminum giant UC RUSAL, hit by the U.S. sanctions, is considering changing its jurisdiction and becoming a resident of one of the country’s special administrative regions, the company said on August 17. “The board of directors decided that such a change of registration would on the whole serve the best interests of the…
The prices of precious metals increased in Azerbaijan on August 17, according to the data published by the Central Bank. The price of gold increased by 4.7005 manats, to 2,000.373 manats per ounce on August 17 compared to the price on August 16. The price of silver went up by 0.2404 manats, to 24.9162 manats…
The volume of industrial production in Kazakhstan increased by 5.1% in January-July, the Chairman of the Committee for Industrial Development and Industrial Safety of the Ministry of Investment and Development (MID) of the Republic of Kazakhstan Almas Batanov said at a briefing. “At the end of the first seven months of 2018, the volume of…
In January-June Belarus Iron and Steel Works decreased air pollution by 8%, or by 347 tons YoY. Soon the company will begin reconstruction of the aspiration units Nos. 2 and 3. Last year the company took 12 environment-related measures. This year it is planned to take 19 measures valued at $225 thousand. (Ukrainian metal)
In January-July Russia produced 3.3 million tons of steel structures, up by 1.3% YoY. According to the Federal Service of State Statistics, July output grew by 2.7% YoY, but dropped by 5.4% MoM. Aluminum structures manufacture in 7 months totaled 34 thousand tons, down by 2.5% YoY. (Ukrainian metal)
The assets of the Revyakinsky Iron and Steel Works in Tula region are being arrested. According to the local media, the enterprise is being raided. Sources say the situation will not affect the works employees. (Ukrainian metal)
In Q2 TMK received $1.355 billion, up by 6% QoQ. Revenue in H1 grew by 28% YoY, to $2.628 billion. EBITDA in Q2 increased by 23% QoQ, to $197 million and by 30%, to $357 million in H1. The company net debt as of June 30 totaled $2.715 billion. (Ukrainian metal)