In January-June Lisichanskugol received 287.5 million UAH of net losses, down by 44.3% YoY, having increased its net earnings by 35.1%, to 94.1 million UAH. The prime cost of products sold totaled 419.5 million UAH. In 2015 the company received 1.097 billion UAH of losses, down by 32% YoY. In 2016 Lisichanskugol mined 196.5 thousand…
On July 21 Lvivugol received 20 million UAH for selling coal. According to the press-service of the Lviv regional state administration, all the money will be spent to pay salary to the miners. In particular, miners will get 21% of their June salary. (Ukrainian metal)
Dneprovsky Iron and Steel Combine is preparing its converter shop for operation. In particular the work is being carried out at the converter No. 2 and the continuous casting machine No. 1. The steel- and pig iron pouring ladles have been heated, and the first pig iron will be poured on July 27. The rolling…
The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…
In January-June Anglo Asian Mining mined 23.218 thousand ounces of gold, down by 31,4% YoY at the Kedabek deposits. “The company also mined 85.087 thousand ounces of silver, 1.322 thousand tons of copper and produced 6.431 thousand tons of copper concentrate”, the company said in a statement. In 6 months the company sold 15.689 thousand…
In January-June Polymetal International increased output by 7% YoY, to 558 thousand troy ounces of gold equivalent. “In the second half of the year the output will grow even more because of the seasonal sales of concentrate stocks at the Mayskoye deposits and the higher output at Amur Mining and Processing Works”, the company said…
In January-June Ukrainian thermal power and combined heat and power plants received 1.354 million tons of imported coal, including in June 313.4 thousand tons of coal from Russia and 44.6 thousand tons from the South African Republic. According to the Ministry of energy and coal industry, in 6 months Russia supplied 1.09 million tons of…
In 2017 ArcelorMittal Kriviy Rih will invest $267 million in modernization. According to the company CEO Paramjit Kahlon, the company has good results. “In a year we produced 7.5 million tons of steel. The company has been working stably for the past 4-5 years. Its proximity to the Black Sea makes it unique as to…