Vysochaishiy (GV Gold) has completed the deal on advance purchase of 5.26% of its shares from the European Bank for Reconstruction and Development. The shares were transferred to Sakha GoldMining. The final payment was $39 million. The total cost of the shares was $62 million. According to the agreement signed in December 2015, EBRD was…
Uchaly Mining and Processing Works is finishing the modernization of the electricity consumption automated monitoring system. This is the first stage to implement the automated system of energy resources usage monitoring. Over 300 new devices to control and monitor electricity consumption have been assembled in the shops. The company intends to decrease electricity consumption by…
In January-October Ukraine imported 15.082 million tons of coal valued at $2.151 billion. According to the State Fiscal Service, Russia supplied $1.198 billion worth of coal (55.7%), USA – $546.822 million (25.42%), Australia – $116.423 million (5.41%) and other countries – $289.782 million (13.47%). At the same time Ukraine exported $48.741 million worth of coal…
USA have imposed preliminary antidumping duties on the import of steel wire from Ukraine, as well as Italy, South Korea, South Africa, Spain, Turkey and UK. Preliminary duty is set from 2.8% to 142.26%. Final size of the duty will be announced on January 8, 2018. At the same time, the final decision on Turkey…
The main way of producing steel in October was oxygen-converter method, accounting for 71.7% (1.36 million tons out of 1.896 million tons). Then comes open-hearth furnace with 22.12% (419 thousand tons), followed by electric arc furnace (6.18%, 117 thousand tons). In January-October oxygen-converter shops produced 12.3 million tons of steel out of 17.7 million tons…
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 9.8 million UAH. Until the end of the year the company will have transported 70 thousand tons of uranium ore from the Novokonstantinovskaya mine to Ingulskaya mine and 20 thousand tons of aggregate (inert materials) back.…
The new owner of Dneprometiz has not applied to the Antimonopoly Committee of Ukraine for the right to buy the controlling packet of shares. “In case such an appeal is received, we will review it and make a corresponding decision according to the current legislation”, the committee said. (Ukrainian metal)
Revda Non-Ferrous Metals Processing Works has received a new crucible melting furnace. All the parts are still unpacked, as the engineers of the smelting shop No. 1 are studying the documents. The new furnace will, among other things, decrease air pollution. With the new machine it will be easier to produce multi-component aluminum alloys. Their…