British company Anglo-Asian Mining Plc, involved in gold, silver and copper mining in Azerbaijan, has discovered a new gold deposit. A new sub-vertical gold vein, “Hasan”, was discovered to the south of the main Gosha gold mine. Work continues on the new sub-vertical deposit discovered by surface drilling. Preliminary results from the fieldwork indicate that…
ArcelorMittal Corporation has decided to suspend steel manufacture at ArcelorMittal Kriviy Rih. The plant will stop operation to provide safety to its employees and assets. “The process to shut down all the blast furnaces has begun. It will last for 7 to 10 days,” the group said. (Ukrainian metal)
Dneprospetsstal, situated in Zaporozhye, has limited operation. “In order to provide technogenic safety, steel production has been suspended,” the company said. All the other shops are operating. Shift work has been adjusted to curfew. (Ukrainian metal)
Metinvest has decided to mothball the Avdiivka Coke and Chemical Works, having suspended operation in a number of shops. “Due to the Russian invasion and the absence of logistics, AKHZ is forced to mothball its second, third and fourth by-product coke shops, as well as the second chemical wing,” the group said. Some employees continue…
In January-February, Ukraine procured 520.4 thousand tons of scrap, down by 18.5% YoY. The drop is due to the seasonal factor as well as export limitations. Exports in 2 months amounted to 7.1 thousand tons, down by 76.6%, while imports fell by 94.9%, to 0.1 thousand tons. Deliveries to metal companies decreased by 15.5%, to…
In January-February, Yuzhniy Mining and Processing Works increased iron ore concentrate output by 19.2% YoY, to 2.39 million tons. In February, the company produced 1.15 million tons of concentrate, up by 18.7% YoY, but down by 7.2% MoM. In 2021, UGOK increased iron ore concentrate manufacture by 5.5% YoY, to 13.5 million tons. (Ukrainian metal)
In January-February, Ukraine exported $2.04 billion worth of ferrous metals, up by 34.8% YoY. In February, exports grew by 32.5%, to $1.01 billion. The share of ferrous metal in the overall exports was 17.6% as opposed to 17.9%. Imports grew by 86.8%, to $230 million. (Ukrainian metal)
Due to the growing aggression of Russia, Zaporizhstal and Zaporozhkoks will be mothballed. At the same time, employees will not be fired. All the wages and social guarantees will be retained. (Ukrainian metal)
