Khakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…
In August Dneprospetsstal produced 23251 tons of steel and 14376 tons of rolled metal, up by 10% and by 3.7% MoM respectively. The total cost of the products manufactured in August dropped by 8.4% MoM, to 611643 thousand UAH. In January-August DSS produced 172138 tons of steel and 112875 tons of rolled metal, valued at…
Despite being situated in the military activity zone, Avdiivka Coke and Chemical Works is modernizing its capacities. In particular, the company is constructing the crude benzol storage and a new tube-type furnace, modernizing the railroad network and the coke shop No. 4. This year the company intends to start a new environment project to stop…
The commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…
Shareholders of Yuzhniy Mining and Processing Works decided to pay 16.163 billion UAH of dividends (10.16 UAH per share). According to the company statement, the payment of dividends will start on September 25 and will end in 6 months. In 2016 UGOK received 5.904 billion UAH of profit, up 1.7-fold YoY, having increased its net…
In October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…
MMK has developed and implemented a new technique to produce rolled sheet with the Arc index to be used in the Arctic region. The metal will be used in constructing ships to sail in the North, as well as engineering machines to be used there. MMK metal can be used at the temperature of –70…
Olenegorsk Mining and Processing Works has purchased 4 new Caterpillar 136-ton dump trucks. “The investment project valued at over 400 million rubles will allow the company to reach its business plan of 18.8 million cubic meters of rock. Taking into account new machines, by the end of the year we will have 30 dump trucks…
