The supervisory board of Dneprospetsstal at the meeting on April 24 relieved the acting chairman Vitaly Korniyesvky of his duties from April 30. Sergey Kiyko, the first deputy, financial director, has been appointed a new acting chairman from May 1. Moreover, on April 23, shareholders completely changed the revision commission. Instead of Crascoda Holdings Limited…
Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia. The funds are provided to purchase raw materials among other things. The parties have been cooperating since 2012. (Ukrainian metal)
“Development of uranium brings more harm than economic benefits,” Orozbek Duisheev, head of the Association of Mining Operators and Geologists of Kyrgyzstan, said at public hearings on May 7. According to him, there is no uniform policy in the mining industry today. In the end, everyone does what he wants. And as the result, as…
As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)
The iron ore shop of the Mednogorsk Copper-Sulfur Works has received a new locomotive, assembled at the Shadrinsk Auto-Aggregate Works. The works started manufacturing such locomotives in early 2018. This is the fifth locomotive purchased by the MMSK to modernize its rolling stock. In 2014-2018 the works has modernized 4 locomotives. One more will be…
In April, Russian railroad transported 107.1 million tons of cargo, down by 1.9% YoY. At the same time, in January-April, transportation grew by 0.1%, to 425.8 million tons. 39.4 million tons accounted for iron and manganese ore, up by 6.8%. Russian railroad transported 25.7 million tons of ferrous metals, down by 2.8%, as well as…
In 2018 Kremenchug Metal Wares Works received net profit of 417 thousand UAH as opposed to net loss of 14 thousand UAH in 2017. The company net income grew by 10%, to 27.207 million UAH. Undistributed profit totaled 4.257 million UAH. (Ukrainian metal)
Prices of precious metals increased in Azerbaijan on May 7 compared to the prices on May 6. The price of gold grew by 0.5865 manats, to 2,180.5475 manats per ounce. The price of silver went up by 0.0905 manats, to 25.3462 manats per ounce. The price of platinum increased by 33.983 manats, to 1,500.3860 manats…