The Cabinet of Ministers of Ukraine has transferred 100 million UAH envisaged for the Ministry of energy and coal industry for the program of labor safety at coalmines to the program of clearing salary debts to miners. According to the ministry, in January-June state mines extracted 2.161 million tons of coal, down by 6.7% from…
The state Roseximbank will provide a loan of over 140 million euro for the construction of Tashkent Iron and Steel Works. The bank has signed a loan agreement with Asaka and Uzpromstroybank, which are financing the project. The project envisages the development of the main manufacturing lines and infrastructure objects, the supply of machinery, training…
Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…
Ukraine’s output of manganese ferroalloy fell by 11.9% YoY and by 7.5% MoM, to 74,950 tons in July, Ukrainian ferroalloy producers association UkrFA said. In July Ukraine produced 65,400 tons of silicomanganese, down from 66,700 tons in July 2017. Output of ferromanganese dropped to 3,700 tons from 11,000 tons and production of ferrosilicon fell to…
Ukraine’s extraction of coal rose by 1.1% YoY, to 2.64 million tons in July from 2.61 million tons in July 2017 and from 2.55 million tons in June, the Energy and Coal Industry Ministry reported. Extraction of thermal coal in July increased by 7.7%, to 2.22 million tons from 2.06 million tons in July 2017,…
In January-June Russia imported 1.13 million tons of rolled steel and pipes from Ukraine, up by 47.8% YoY. The share of bars and sections is around 55%, up 2-fold. Flat rolled metal accounts for 32.9%, up by 1.4%, while pipes dropped 2-fold, to 3.3%. (Ukrainian metal)
In January-June Lysva Iron and Steel Works received 430 million rubles of net profit, up from 275 million rubles of net loss a year earlier. Revenue increased 2.4-fold, to 6.798 billion rubles, with gross profit up 3.2-fold, to 1.051 billion rubles. Sales revenue grew 3.3-fold, to 721 million rubles. Since the start of the year…
In January-July the Republic of Buryatia extracted 2929.7 kg of gold, up by 7% YoY. Ore gold accounted for 1983.9 kg, up by 4%, while alluvial gold output grew by 13%, to 945.8 kg. Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)