The State Committee for Industry, Energy and Subsoil Use revoked 10 licenses for mining. Ken KG LLC lost its license to mine rhinestone. Two licenses of Kench Kut LLC, which mines rhinestone and serpentine rock, have also been revoked. Too Ken Bars, Alfa Consult, Master Elitstroy, Satmen LLC, engaged in mining of limestone, had their…
According to the Statistics Committee of the Ministry of national economy, export prices in 2016 increased by 9.4% on average, import prices – by 16.4%. The highest increase in export prices was observed in zinc (by 72.8% YoY), lead (54.5%), ferrous metals (37.2%), aluminum (28.2%), coal (25.5%) and ferroalloys (24.1%). Ferrous and non-ferrous metal ores…
Kaz Minerals Group reports the production of the first copper concentrate of sulfide ore at its Aktogay Mining and Processing Works according to the schedule to start the manufacture in Q1. The Aktogay processing factory begins increasing capacity to reach the project manufacturing target in H2. The group intends to produce around 300 thousand tons…
MMK has presented information about its industrial park. Special sections contain important data for existing and future residents of the industrial park, in particular, lease calculator, free are, transport infrastructure, etc. “The implementation of the project will help residents of the park integrate into the technological chain of MMK. We are prepared to offer help…
Because of the unsatisfactory operation of Ukrzaliznytsia last year Ukrainian metal companies underproduced 3 million tons of steel. In H2 2016 Ukrzaliznytsia operation was the worst in the last couple of years. “Ukrzaliznytsia said it ended the year with several hundred millions of profits, but the state budget didn’t receive some billion UAH because of…
In January scrap stocks at Ukrainian iron and steel works decreased by 70 thousand tons, to 120 thousand tons. Last month metal companies received 230 thousand tons of scrap, down by 90 thousand tons MoM, or 73% of their need. In January Ukraine exported 10 thousand tons of scrap and imported 2 thousand tons. In…
U.K.-registered gold producer Petropavlovsk Plc, which operates in Russia, can start paying dividends after 2018, CEO Pavel Maslovsky declared. The company set a condition that dividend payments would start once a debt to EBITDA (earnings before interest, taxes, depreciation and amortization) ratio is below 2 to 1, in December 2014 during loan refinancing. “Now the…
Rosterminalugol JSC says it has loaded 2 million tons of coal this year (as of February 11). The milestone ton was loaded onto Panamax ship Nireas, the tenth vessel handled in February and the 33rd from the year beginning. In 2016, this result was achieved on February 29. Rosterminalugol JSC (port Ust-Luga, Leningrad Region) is…
