Ukraine: Interpipe NTZ profits in 2017

In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…

Azerbaijan: gold output up in January-February 2018

In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY.

According to the State Statistics Committee, in February gold output totaled 608.3 kg.

Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY.

Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)

Kazakhstan: zinc ore mining down in January 2018

In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…

Ukraine: SevGOK, CGOK and InGOK name squeeze-out price

Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…

Russia: two employees damaged in Gaysky GOK cave-in

As a result of a cave-in at the Gaysky GOK mine two miners were damaged.

This is the third accident at the enterprise in a month.

The employees are in the emergency clinic.

The regional union promised to help. (Ukrainian metal)

Kazakhstan: OECD Steel Committee joined

The OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…