In January-March Ukraine imported 5.25 million tons of coal, down by 8.6% YoY. According to the State Fiscal Service, the value of the imported coal was $740.09 million, down by 2.7% YoY. In particular Russia supplied $476/95 million worth of coal (or 64.45%), USA – $212.57 million (28.72%), Kazakhstan – $31.07 million (4.2%) and other…
Gold and silver prices increased in Azerbaijan on April 9 compared to the prices on April 8. The price of gold grew by 5.083 manats, to 2,208.963 manats per ounce. The price of silver went up by 0.2041 manats, to 25.9451 manats. The price of platinum decreased by 7.4205 manats, to 1,535.797 manats. And the…
On March 27-29 the Siberian department of the Federal Service on Ecological, Technological and Nuclear Surveillance (Rostechnadzor) carried out an unscheduled inspection of the Zapadno-Sibirksy Iron and Steel Works. The reason for the inspection was a fatal accident at the plant on March 16. As a result of the inspection 19 violations of the industrial…
The Zabaikalye region group of companies Vostochnoye GRE plans to get 650 kg of alluvial gold in 2019. This year the enterprise will operate at 6 sites. The work will start in mid-May. At present the group of companies has gold reserves in the amount of 1.5 tons. 2.5 tons more will be added when…
Russian Railways specialists have carried out inspection of the rail manufacture at the Chelyabinsk Iron and Steel Works. They have visited all the departments connected to the rail manufacture, quality control and rail tests. As a result of the audit, the ISO 9001 quality management system was named efficient. The ChMK rails conform to the…
International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable. In its official statement, Fitch positively assessed the company’s financial stability, ensured by a high level of operating efficiency and a low debt. Shamil Kurmashov, NLMK Group CFO, said: “We welcome the…
On April 8, the rating agency Fitch Ratings upgraded company’s Long-Term Issuer Default Rating to BBB from BBB- with Stable Outlook. In its press release Fitch Ratings notes that the rating upgrade reflects MMK’s ability to maintain a conservative financial profile during market turbulence due to the company’s low cost of operations, focus on high-value…
The open-pit mine of Stoilensky, the second largest producer of iron ore concentrate in Russia, has launched a pilot project to implement a personnel-positioning system. The system will improve the safety of open pit mining, as it will enable timely response to emergency situations through monitoring and analyzing the personnel’s actions and equipment operation. The…