The authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, acknowledged there were delays in paying salary, especially in mining and metal industries, in late 2019 and early January. According to them, the main reason is that the world does not recognize the “republic”. Moreover, the ongoing military activity,…
The Cabinet of Ministers has sent 169 million UAH to clear salary debts to Lisichanskugol and Pervomaiskugol. In December 2019, the Prime Minister Alexei Honcharuk acknowledged salary debts to miners. As of December 12, 2019 they reached 1.072 billion UAH. This year the state budget envisions 3.5 billion UAH to support the coal industry. (Ukrainian…
The centrifugal casting shop of Krasniy Octyabr was commissioned in 1970. On February 2,1970 the furnace No. 3 made the first smelting. The electric arc furnace No. 3 is the only furnace at Krasniy Octyabr producing centrifugal castings and forging ingots. The shop employs some 70 people. (Ukrainian metal)
In January Lebedinsky Mining and Processing Works produced the 750-millonth ton of iron ore concentrate with the iron content of 69.5%. The first ton was produced in November 1972, when the first stage of the processing factory was commissioned. At that time its capacity was 7.5 million tons of ore per year. The 700-millionth ton…
In 2020 Rusal will spend 5.2 billion rubles to modernize Sayanogorsk and Khakassk Aluminum Plants. The HAZ foundry department and SAZ electrode manufacture will see the largest projects. In particular, a raw aluminum purification system will be installed in the 10-ton ladles at HAZ. SAZ will modernize its anode pelletizing furnaces. The program will be…
In January Zaporizhstal produced 399.9 thousand tons of pig iron, 338.3 thousand tons of steel and 292.3 thousand tons of rolled metal. Pig iron manufacture grew by 8.1% YoY. At the same time steel and rolled metal output decreased by 4.5% and by 1.2% respectively. (Ukrainian metal)
In November 2019 Russia exported 2.5 thousand tons of titanium, up by 4% MoM and by 7% YoY. Deliveries to the US grew from 703 to 715 tons, while to Germany dropped from 613 to 605 tons. In 11 months of 2019 exports totaled 25.8 thousand tons, down by 1% YoY. In monetary terms exports…
The Magnitogorsk Iron and Steel Works board of directors has recommended the shareholders to approve of dividends for Q4 2019 on the level of 1.507 rubles per share. The decision will be taken at the extraordinary meeting. In Q3 2019 dividends totaled 1.65 rubles per share. (Ukrainian metal)
