OEMK, a part of Metalloinvest, has opened a warehouse for the storage and shipment of finished products. This will enable OEMK to increase production of rolled steel products, including high quality rolled steel (SBQ), by 60,000 tons per year. The company invested approximately 320 million rubles in the construction of the warehouse. The building consists…
Several dozens of Krivoy Rog citizens went on a strike at the city council building. The people protested against the construction of the mineral fertilizers processing shop on the territory of the Krivoy Rog Central Ore Repairing Works, a part of Metinvest. They believe the new chemical manufacture will affect the city ecology and the…
In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH. The uncovered losses as of the late June totaled 6.619 billion UAH. In H1 the works did not produce anything. In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)
Prices of precious metals rose in price on July 25, according to the data published by the Central Bank. The price of gold increased by 9,3415 manats, to 2081,905 manats per ounce on July 25, compared to the price on July 24. The price of silver increased by 0,1892 manats, to 26,2956 manats per ounce.…
The president of Uzbekistan Shavkat Mirziyoeyev has increased the subsoil use tax when mining for non-ferrous and precious metals on average 5-fold. The corresponding announcement has been published on the site of the National legislation database. The copper mining tax grew from 8.1% to 30%, metallic zinc – from 4% to 20%, gold from 5%…
The Corporation of the Far East Development received 24 offers on investment cooperation in the free port of Vladivostok. Three of them were submitted by the potential residents of the Chukotka Autonomous District. In particular, the Ugolnaya Mine intends to purchase new equipment, machinery and spare parts, thus improving the coal mining capacity at the…
In January-June the Republic of Yakutia increased gold output by 16% YoY, to 8055.26 kg. Moreover, the output is 3.5% above the half-year target. This year Yakutia intends to obtain 25 tons of gold. (Ukrainian metal)
An accident happened at Yuzhniy Mining and Processing Works on July 24. A truck driver was injured while replacing wheels. He got his nose, jaw and hand damaged. A special commission has been created to investigate the accident. (Ukrainian metal)
