The 11th Contest of Rolling Mill Specialists in memory of Ion Rotaru, the honored steelmaker of Ukraine, was held at ArcelorMittal Kriviy Rih. This year the teams of steelmaking companies of Kriviy Rih, Kamianske, Zaporizhzhia and Temirtau (Kazakhstan) participated in the contest. Sergey Kozachuk, Director of Rolling Department, ArcelorMittal Kriviy Rih: “Many companies are expanding…
In January-April, Azerbaijan produced 1,075 kg of gold, up by 14% YoY, the State Statistical Committee reported. Silver production increased by 15.4%, to 1,007 kg. Copper mining grew by 27.8%, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year. As of May 1, finished copper ore…
Over the week, the price of one ounce of gold increased by 12.5715 manats or by 0.6% in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,170.1775 manats. The price of one ounce of silver grew by 0.2286 manats or by 0.9%, to 24.5927 manats. The price of one ounce of…
The Eurasian Economic Committee has prolonged the antidumping duties on steel forged rolls from Ukraine. The duty has been prolonged till February 25, 2020. At present the size of the duty is 26%. (Ukrainian metal)
In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…
In January-March, Nordgold gold output totaled 211.7 thousand ounces, down by 9% QoQ. Corrected EBITDA dropped by 2%, to $122.5 million. Net profit grew to $64.3 million as opposed to net loss in Q4 2018. (Ukrainian metal)
Zaporozhye Titanium and Magnesium Works has increased wages to its employees by 20% from May 1. According to the company statement, the increase was due to the effective operation of the enterprise. The increase in wages will result in the growth of taxes at the level of over 30 million UAH per year. Payments to…
Avdiivka Coke and Chemical Works, a part of Metinvest, and the administration of the town of Avdiivka (Donetsk region) have signed an agreement on social partnership. Financing of the social programs will total 18.1 million UAH. In 7 years of cooperation Metinvest has invested over 70 million UAH in Avdiivka development. The funds were spent…