DTEK Energy invested UAH 3.3 billion in January-June to upgrade and develop its businesses. This enables the company to modernize its facilities for operating efficiently in the new electricity market and ensure the energy security of Ukraine. DTEK Energy’s key objective in the coal business segment for 2018 is to invest in ramping up the…
The price of one ounce of gold decreased by 2.499 manats, or by 0.12% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2050.1779 manats. The price of one ounce of silver went down by 0.3882 manats, or by 1.54%, to 25.0964 manats. The price of one ounce of…
AzerGold CJSC has started the project on production of coins and ingot from gold and silver in Azerbaijan. The company stated that the preparation of ingots and coins was carried out on the basis of AzerGold’s development strategy. The project sets goal to promote the country as a gold producer on the domestic and international…
A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…
Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine should fully refuse from anthracite and increase the production of gas coal. “Ukrainian anthracite coal is in occupation area in Ukrainian Donbas. We have to do everything to refuse from anthracite and increase the production of gas coal as much as we can,” Groysman said…
The largest car manufacturer in Russia – AutoVAZ – has decided to continue cooperation with Rusal irrespective of the sanctions being removed from it or not. “The main goal of the company for now is to stay with Rusal. Of course, it would be clearer if the company is not controlled by a sanctioned person.…
ChTPZ and Kurganstalmost have supplied metal for the construction of the Wall of Peace monument in Astana, Kazakhstan. The companies have produced seamless pipes with improved characteristics to be used in the steppe climate of Kazakhstan. The batch comprised over 100 tons of pipes with the diameter of 114 to 351 mm and the wall…
In January-June one of the largest coking coal producers in Russia – Raspadskaya – increased revenue by 23% YoY, to $542 million. Net profit grew by 34%, to $225 million, with EBITDA up from $235 million to $303 million. At the same time coal output decreased by 9%, to 5.4 million tons. (Ukrainian metal)