Lydian International Limited announced that the company was “relieved” and “heartened” after the release of a report on the environmental audit conducted by “Earth Link & Advanced Resources Development” on the Amulsar Project. Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been made public, as the…
In July Ukraine increased iron ore and concentrate exports by 75.7% MoM, to $391.8 million. According to the customs statistics, export volumes grew by 16.2%, to 3.5 million tons. In January-July exports totaled 23.3 million tons at $2.09 billion. The share of iron ore raw materials in the total export was 7.28%. China (27.07%), Poland…
Industrial output in January-July in Kazakhstan grew by 2.7% YoY. Non-ferrous ores mining increased by 17.2% and iron ore by 1.5%. Coal exports went up by 1.9%, to 15.8 million tons. Non-ferrous metallurgy saw an 8.1% growth in output and ferrous metallurgy – 94%. (Ukrainian metal)
Mechel-Service has filed bankruptcy suits to Ak Bars and its subsidiary Ak Bars Metal. The amount of suit to each company is less than 6.2 million rubles. The Ak Bars assets cost amounts to 5 billion rubles, and the net profit in 2018 was 5 million rubles. Ak Bars Metal net profit last year was…
Bystrinsky Mining and Processing Works has received a Rostechnadzor statement of conformity on its 10 stages of construction. Other 12 stages are being studied by the service. The commission plan of the works envisions 49 stages. So far conformity statements have been given for two quarries – Verkhne-Ildikanskiy and Bystrinsky-2, as well as road infrastructure.…
Vorkutinskaya mine of Vorkutaugol has started working on a new long face. The face 712 is situated in the Troynoy layer, and its deposits amount to 800 thousand tons of coking coal. The long face is expected to be in development until May 2020. The transition from the previous long face to the new one…
Ukrmetallurgprom believes that in September 1.85 million tons of steel will be produced in Ukraine. According to the enterprise information, pig iron output would be 1.75 million tons and rolled metal – 1.65 million tons. As of August 13, 17 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16…
In July Ukraine procured 192 thousand tons of scrap, down by 41% MoM. All the scrap procured was supplied to the domestic metal enterprises. No scrap was exported. In 7 months of 1.918 million tons of scrap procured (down by 12% YoY) domestic companies received 1.881 million tons (down by 1%), while 37 thousand tons…