In August, Metinvest B. V, decreased revenue by 7.9% YoY, to $838 million. EBITDA grew by $12 million, to $216 million. Metal division EBITDA totaled $91 million, while mining – $134 million. Metal revenue amounted to $671 million, mining – $258 million and intragroup sales – $91 million. Debt dropped by $64 million to $3.017…
A gold-extracting factory will be built at the Malo-Tarynskoye deposit in Yakutia. The first alluvial sites in the Bolshoy and Maliy Taryn Rivers valley were discovered in late 1930s. The Malo-Tarynskoye deposit was discovered in 1999-2001. The Boguslavets Company is now developing the deposit. The capacity of the factory will be 300 thousand tons of…
In January-September, Interpipe transferred almost 2 billion UAH to the budgets of all levels. “Despite the economical crisis, coronavirus pandemic and growing electricity prices, in 2020 every ton of steel produced by us brought 3400 UAH to budgets of all levels”, the company reported. According to Interpipe, all its billets are processed in Ukraine and…
In January-September, Zaporozhye Ferro Alloys Plant decreased ferroalloys output by 23% YoY, to 153.3 thousand tons. In particular, silicomanganese manufacture dropped by 34.6%, to 71.65 thousand tons, and ferrosilicon – by 20.4%, to 44.88 thousand tons, while ferromanganese grew by 23%, to 34.56 thousand tons. Metallurgical manganese output fell by 56.8%, to 2.21 thousand tons.…
Zaporozhogneupor, the largest producer of refractory materials in Ukraine, has invested 12 million UAH in the modernization of gas-purifying equipment – bag filters with impulse regeneration. The new equipment will provide for air purification at the level of 20 mg per cubic meter. All the dust will be returned to production. Assembly will be finished…
In January-September, Severniy Mining and Processing Works decreased pellets output by 38.4% YoY, to 4.03 million tons. Concentrate manufacture grew by 3.1%, to 9.34 million tons. In September, SevGOK produced 425 thousand tons of pellets and 980 thousand tons of concentrate. (Ukrainian metal)
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, is mulling an opportunity to ship iron ore raw materials to China in container trains. “This is interesting for us, as thus we diversify deliveries. There must be different directions. If nothing has been shipped to China in containers so far, why don’t we try it”,…
After 15 years of idle time, the only gold-extracting enterprise in Ukraine – Muzhiyevskiy gold mine – has resumed operation. In addition to gold it can also produce zinc. Avellana Gold operates its processing factory at the deposit. Overall capacity will reach 500 thousand tons of ore per year. The previous enterprise went bankrupt n…