OMZ-Spetsstal has completed construction and started commissioning a new gouging chamber. The new unit with exhaust system will improve labor conditions and prevent air pollution. The gouging chamber has been constructed under a program to modernize manufacturing capacities. (Ukrainian metal)
In August the Republic of Buryatia extracted 586.8 kg of gold, including 285.9 kg of ore gold and 300.9 kg of alluvial gold. In January-August gold output reached 3516.5 kg. In particular, ore gold accounted for 2269.8 kg and alluvial gold – 1246.7 kg. Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)
Since last week strikes and protests have renewed at the state enterprises Mirnogradugol and Selidovugol. The reason is that the enterprises have not received state support promised 2 weeks ago. While the situation is unstable, the mines continue operating. Still, some miners refuse to go underground. The miners’ unions say if the money to clear…
The decrease of the coal price to 1800 UAH per ton, as suggested by the draft law 8626, will result in mines shutting down and will simply destroy the coal industry. According to the Independent Miners’ Union chairman Mikhail Volynets, the connection of the Ukrainian coal price to the international indexes through the Rotterdam+ gave…
In August Ukraine went up to the 12th position in the rating of the 67 countries, compiled by Worldsteel. China was traditionally the first with 80.326 million tons produced in August, up by 2.7% YoY. Ukraine produced 1.786 million tons, down by 3.7%. All in all in August world steel output grew by 2.6% YoY,…
Sergey Plichko has been appointed chief financial officer, chief accountant of ArcelorMittal Kriviy Rih. He has been the acting CFO and CA since February 17, 2017. Plichko has been appointed since September 21 for an indefinite term. (Ukrainian metal)
Prices of precious metals increased in Azerbaijan on September 25, according to the data published by the Central Bank. The price of gold grew by 2.737 manats, to 2,037.841 manats per ounce on September 25 compared to the price on September 24. The price of silver went up by 0.0309 manats, to 24.2225 manats per…
Russia estimates its losses from the US-imposed tariffs on steel and aluminum at $600 million. “We have calculated the damage to our economy from the US decision. It is some $600 million. We have already paid $100 million of new duties”, the minister of economic development Maxim Oreshkin said. In response Russia has imposed additional…