KazGeoRud, a unit of the Russian Copper Company, has started commercial production of copper and copper-zinc ore at the Kundyzdy field in Kazakhstan. The company plans to invest over $90 million in Kazakh mining industry in 2019, up by around 7% YoY, Vice President Natalya Gonchar said. The mine’s projected capacity amounts to 2 million…
In August Russia imported 46.3 thousand tons of copper ore and concentrate, up by 16% MoM, but down by 45.4% YoY. Deliveries from Kazakhstan grew by 44%, to 24.3 thousand tons, and the rest was imported from Chile. In 8 months imports totaled 293 thousand tons, down by 32.8% YoY. In monetary terms since the…
The delegation of Krasniy Octyabr has met with Yakub Jidda, the representative of the Republic of Chad Chamber of Commerce and Trade. The parties have discussed the issues of cooperation, in particular, the exports of rolled metal to the Central Africa. “At present the works does not supply its products to Africa, so we are…
The minister of energy and environment protection Alexei Orzhel believes it is inefficient to unite state coal assets into one holding. “We have not supported the creation of the National Coal Company. When we unite something profitable with something profitless, it becomes less efficient, and it is difficult to decide what to build, modernize or…
The Cabinet of Ministers suggests increasing financing of state mines in 2020 by 622.8 million UAH. This is stipulated in the draft budget for 2020 in order to bring the mines to the profitable level. At the same time profitless mines will be closed. The Verkhovna Rada also supported amendments to the state budget 2019…
In 7 years Metinvest has invested $1.2 billion in the development of Mariupol Ilyich Iron and Steel Works. In particular, $408.5 million were spent on ecological projects, and $757 million on the capital construction, reconstruction and repairs. One of the largest projects was the construction of a continuous casting machine No. 4 in the converter…
The state enterprise Selidovugol has ordered Contract-Energo Trading House LLC the delivery of conveyer belts valued at 70.1 million UAH. Until August 2020 the company has to supply 17300 meters of belt manufactured in Russia and purchased from Erlight LLC. The price of the agreement is 1% below the expected cost of the purchase (71…
In September the number of employees in metal industry decreased by 0.6% MoM, to 191.7 thousand people. According to the State Statistics Service, in mining and quarrying the number of personnel dropped by 0.4%, to 193.8 thousand people. The coke manufacture lost the most workers – 2.7%, to 17.5 thousand people. (Ukrainian metal)