In 2018 Pokrovskoye Mine Group, the largest manufacturer of coking coal in Ukraine, received 1.077 billion UAH of net losses as opposed to net profit of 2.008 billion UAH in 2017. Negative EBITDA was 1.336 billion UAH, as opposed to EBITDA of 1.968 billion UAH in 2017. Net income fell by 21.1%, to 7.267 billion…
Rally against development of Tash-Bulak uranium deposit has been held in Balykchi town. About 200 people reportedly participated in the rally. According to their data, the court prohibited activists from marching from Balykchi to Bishkek. They were allowed to hold only the protest. However, activists still claim that they will march to the capital. YurAsia…
According to the agreement between UGMK and the regional authorities, on April 30, Electrozinc will shut down its rotary shop and hydrometallurgical shop that have been operating since December 2018 on unloading the unfinished production. The work to prepare the manufacturing capacities of Electrozinc for shut down has been complete. 23 thousand tons of sulfide…
In January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…
13 bodies of miners have been taken to the surface from the Skhidcarbon mine on the territory of the so-called Lugansk People’s Republic, a terrorist organization created and controlled by Russia. 4 more bodies remain lost. On April 25-26, the rescuers brought to the surface bodies of 5 miners, and then at the depth of…
In January-March, Zaporozhye Ferro Alloys Plant increased output by 13.6% YoY, to 67.3 thousand tons. In particular, silicomanganese manufacture grew by 18.2%, to 34.23 thousand tons, ferrosilicon – by 12%, to 21.9 thousand tons, and ferromanganese – by 6.6%, to 9.33 thousand tons. At the same time, the output of metallic manganese decreased by 6.6%,…
A document about revocation of a license for exploration of uranium in Issyk-Kul region was posted on the Internet. Users asked why the official letter was printed on crumpled paper and had no stamp. The document is dated April 27. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov, however, announced the revocation of the…
President of Kazakhstan Kassym-Jomart Tokayev puts high hopes on construction of the second phase of Pavlodar-based Electrolysis Plant. “This project will enable us to attract 150 billion tenge of investments till 2023 and aluminum production will rise 2-fold,” Kassym-Jomart Tokayev said at the meeting with the staff of the plant. In his words, up to…
