Russia: platinum output down in October 2018

Russia’s output of unrefined and semi-refined or powder platinum decreased by 15.1% YoY, but rose by 0.6% MoM in October, the Federal State Statistics Service said without disclosing absolute figures. Silver output grew by 13.9% YoY and by 21.8% MoM. In January-October the output of platinum dropped by 3.3% YoY, while of silver rose by…

Ukraine: state mines to get 1.6 billion UAH

The Cabinet of Ministers suggests providing state coal enterprises with 1.63 billion UAH in 2019 to be spent on their restructuring. The corresponding suggestion is contained in the draft budget for 2019. The restructure program also includes the support of state mines by a surcharge from the state budget to the price of coal. The…

Russia: ZEMZ finishes large-scale reconstruction project

On November 19 ZEMZ put into operation a new site of Bosio thermal furnaces.

The site has 5 thermal furnaces with the maximum temperature of up to 10 thousand degrees C.

The furnaces will be used to heat rounds, squares and slabs.

The average monthly output of each furnace will be 900 tons. (Ukrainian metal)

Russia: MMK legal team named among best corporate counsels

Magnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…

Ukraine: ZZhRK increases wages

From October 1 Zaporozhye Iron Ore Complex has increased wages by 15%.

According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees.

ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)

Ukraine: Lvivugol buys electric motors

The state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH.

The company will have to supply two motLvivugolors at 850 thousand UAH each.

This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)