ArcelorMittal Kriviy Rih has additionally increased its salary fund by 1.1 billion UAH, and intends to return to the issue of raising salary in autumn. According to the workers’ union, a meeting was held on May 23 with the company CEO Paramjit Kahlon. “He said that the industrial situation at the enterprise was difficult. The…
Since the start of the year Amur region has mined over 1.2 million tons of power-generating coal, up by 5% YoY. The coal is mined at 2 deposits – the Raychikhinskoye and Yerkovetskoye. The coal industry employs over 1600 locals. With the increase of the Yerkovetsky open-pit capacity their number could grow. The oldest pit…
Severstal has completed assembly of the new heating furnace in the blanking shop of SSM-Tyazhmash. “The cost of the investment project exceeded 55 million rubles. Innovative materials and techniques allow saving up to 40% of gas as well as increasing product quality”, Severstal Russian Steel CEO Vadim Germanov said. The operating temperature of the furnace…
In April industrial prices increased by 1.2%. According to the Federal Service of State Statistics (Rosstat), coal prices grew by 3.5%, and non-ferrous metals ores – by 2.6%. At the same time pig iron, steel and ferroalloy prices increased by 2.4%, while of lead, zinc and tin – by 2%. (Ukrainian metal)
In January-March Russia exported 33.7 thousand tons of raw nickel valued at $444 million, down by 11.3%, but up by 20.4% YoY respectively. In March average price was $13216 per ton FOB Russian border, down by 1.9% MoM, but up by 32.5% YoY. (Ukrainian metal)
Irshansk Mining and Processing Works has stopped all operations at its largest quarry No. 8. The company will move to another site, which will provide for almost half of the total output. While the extracting complex moves to the new site (some 3 km), the factory will be repaired. The quarry and the factory provide…
In April coal imports increased by 21.1% YoY, or by $42.484 million, to $243.788 million, while exports dropped by 99.7%, or by $6.636 million, to $0.019 million. According to the State Fiscal Service, Russia was the main supplier of coal ($171.08 million). In January-April coal imports grew by 30.3% YoY, or by $233.424 million, to…
The Cabinet of Ministers of Ukraine has provided state mines with guarantees of over 1 billion UAH on their loans and has approved the terms of the guarantees. The Cabinet has agreed to the suggestion of the Ministry of energy and coal industry to provide the state enterprise Toretskugol with state guarantees for 21.15 million…