Ukraine: UGOK concentrate output up in 2019

In 2019 Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 0.1% YoY, to 12.26 million tons. At the same time, sinter output dropped by 45.8%, to 945.8 thousand tons. In December 2019 the company produced 956.1 thousand tons of concentrate, down by 2.1% YoY. Sinter was not produced in Q4 2019 at…

Ukraine: UGOK investments up in 2019

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…

Ukraine: AMKR restores 27 locomotives in 2 years

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…

Russia: Mechel shares price growing

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…