Primetals Technologies has received another order from Evraz NTMK to supply an automation system and electric equipment for the blast furnace No. 6 reconstruction. The system will optimize the blast furnace operation and decrease coke usage. Primetals Technologies has already modernized the blast furnace No. 7, commissioned in early 2018. The blast furnace No. 6…
In January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
Average salary in the metal and mining industry in Ukraine is 2 times higher than the monthly wages of financial and law workers. According to the Federation of metallurgists, in December 2018 the average salary of Ukrainian metal makers ranged between 10 thousand UAH and 26.9 thousand UAH. In particular, a typical blast furnace gas…
In January Ukraine increased pig iron exports by 18.3% YoY, to 276.4 thousand tons, valued at $95 million, up by 25% YoY. According to the State Fiscal Service, the share of pig iron in the overall exports totaled 2.34%. Most of pig iron was sold to US (53.7%, or $60.6 million), Italy (12.4%) and Mexico…
Russia’s gold output rose by 2.45% YoY, to 314.42 tons in 2018, the Finance Ministry said citing data on gold supplies to refining plants. Mined gold output rose by 4.14%, to 264.41 tons, while by-product gold output decreased by 5.85%, to 15.44 tons, and gold scrap production fell by 5.55%, to 36.6 tons. Russia’s silver…
PM Nikol Pashinyan has presented details surrounding the existing situation at the Teghut Copper and Molybdenum Mine (Lori province) and the Alaverdi Copper Smelting Plant. Speaking in parliament, the PM presented how the situation developed in the first place. According to Pashinyan, the VTB Bank lent $380 million to the Teghut mine and Vallex Group,…
From April 2017 until December 31, 2018, AzerGold CJSC sold non-ferrous metals worth 220 million manats, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at the first plenary meeting as part of the project “Application of a roadmap for disclosing information about beneficiaries in the mining industry of Azerbaijan”. Ibrahimov noted that the…
The State Service of Geology and Subsoil Use has sold at the auction the special allowance to develop a nickel deposit to Tsvetmet Ukrainy LLC for 10.54 million UAH. This is the Prutovskoye site with sulfide-copper-nickel ores with the size of 15 square km in Zhitomir region. The initial cost of the allowance was 9.74…