EurasiaNet.org reported on July 28 that the Tajik Aluminum Company (TALCO) continued losing money despite production at the aluminum smelter being on the increase. The Ministry of Finance (MoF) reportedly links the losses to falling metal prices on the international market and the rise in cost for inputs. The MoF said that at the end…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 287 314 June 265 265 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
PJSC MMC Norilsk Nickel, the world’s largest nickel and palladium producer, announces preliminary consolidated production results for the second quarter and the first half of 2016. Q2 consolidated nickel production amounted to 58 kt decreasing by 9% QoQ. Nickel output from THE Company’s own Russian feed reached 47 kt, down by 9% QoQ. The reduction…
Novovolynskaya Mine No. 10 will receive 2.5 million UAH to clear salary debts. According to the regional state administration head Vladimir Gunchik, the mine has some 4 million UAH on its accounts, but this money should be spent to buy catch gear, otherwise the State mining service could stop the operation of the mine. Miners…
In January-June industrial output in Donetsk region (without the ATO zone) increased by 5.2% YoY, but in June it was down by 9.2% MoM and by 4.7% YoY. Metal industry saw a 6.9% increase, with mining up by 10.2% and coke – by 35.7% YoY. Coal mining in June dropped by 24.7% MoM, with coke…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max May 465 720 438 458 425 470 430 475 June 471 674 439 495 360 390 350 390…
Within the framework of complex ecological modernization of the blast furnace manufacture Zaproizhstal has put the blast furnace gas-purifiers working cycle cooling tower into operation after a major overhaul. Investments into new machinery totaled 30 million UAH. The new cooling tower, produced by Yerushalmi Water Cooling Towers Ltd (Israel), will decrease fresh water withdrawal from…
The state mines are in a very difficult situation. First of all they can’t prepare mine takes. Second, miners don’t get their wages in time, and the debts continue to increase. Finally, there are issues with labor safety. In 2015 there were 2 fatal accidents, as opposed to 9 in H1 2016. Coal output decreases,…