In December 2019 Poltava Mining and Processing Works received the largest VAT reimbursement among the mining and processing companies. According to the State Treasury Service, the company was paid 578.357 million UAH. It was followed by Zaporizhstal with 448.249 million UAH. Total VAT reimbursement in December 2019 was 9.826 billion UAH. (Ukrainian metal)
Rescue operations to search for two mineworkers, who went missing as a result of a movement of waste rock dumps near Lysii area on December 1, 2019, were stopped. The decision to stop the search operation was made with the consent of the relatives of the missing employees. Kumtor Gold Company said in an official…
In 2019 Yuzhniy Mining and Processing Works used 3 billion UAH of investments. The funds were spent to buy machines, equipment, as well as on capital construction, repairs and social projects. Compared with 2018 the volume of investments grew by almost 400 million UAH. In particular, UGOK purchased 2 Belaz dump trucks with the lifting…
ArcelorMittal Kriviy Rih began to apply domestic and foreign analogues instead of Russian components for the capital repairs of locomotives, thus minimizing the impact of Russian Federation’s sanctions regarding prohibition on delivery of locomotives’ spare parts and engines to Ukraine. After the events of 2014-2015, military and technical cooperation between the countries was frozen. Dual-use…
A new Sandvik electrohydraulic well boring machine has been put into operation at the Chebachye mine, the main resource base of Aleksandrinskaya Mining and Ore Company. Some 257 meters are drilled on average per month at the mine. Mining is carried out at the depth of 300 to 4200 meters. The mine was commissioned in…
In December 2019 RZD transported 106.7 million tons of cargo, down by 2% YoY. In 2019 transportation dropped by 0.9%, to 1.278 billion tons. In particular, RZD transported 120.2 million tons of iron and manganese ore, up by 3% YoY. At the same time, ferrous metals transportation dropped by 5.6%, to 73.8 million tons, and…
OMZ-Spetsstal will produce and supply pipe billets for the manufacture of corrosion-resistant casing pipes to TMK. The corresponding contract was concluded in November 2019. In Q1 OMZ-Spetsstal will ship the first 1280 tons of billets made of 15X13H2 steel. The companies have already cooperated before. Since 2018 OMZ-Spetsstal has shipped some 1600 tons of pipes…
On January 8 the price of ordinary shares of Mechel increased by 30.8%, to 99.8 rubles. Premium shares became 28.85% more expensive – 114.8 rubles. The highest price of the ordinary shares was 104 rubles, up by 64% from the final trades of 2019, and of premium shares – 123.6 rubles, up by 38.7%. (Ukrainian…