Ukraine: AMKR average wagons turnover down in March 2019

ArcelorMittal Kriviy Rih, the largest mining and steelmaking company in Ukraine, the railway tracks of which are above 600 kilometers long, improved its average wagons turnover by 35% MoM, having decreased it from 168 to 109 hours. Improvement of KPI on acceptance, processing and dispatch of wagons with cargoes was possible owing to a significant…

Kyrgyzstan: gold illegally mined in Jalal-Abad region

Illegal business activity during development of alluvial gold deposits was revealed in Toktogul district of Jalal-Abad region of Kyrgyzstan, the State Service for Combating Economic Crimes reported. According to it, the State Committee for Industry, Energy and Subsoil Use banned alluvial gold mining operations before submitting a temporary certificate for the right to use the…

Russia: Moscow Exchange suspends trade in ordinary TMK shares

The Moscow Exchange switched trade in ordinary shares of pipe producer TMK into a discreet auction mode after the stock jumped by over 20% within 10 minutes, the bourse said in a statement.

On March 22, TMK agreed to sell its U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion. (Prime/Ukrainian metal)

Russia: Tigers Realm Coal revenue up in 2018

Tigers Realm Coal, mining coking and power-generating coal in Kamchatka, received 10.88 million Australian dollars of net profit in 2018, up by 228% YoY. Coal output grew by 131%, to 576 thousand tons. Sales totaled 393 thousand tons, up by 138%. In particular, coking coal sales went up by 326%, to 179 thousand tons, and…

Russia: Uralelectromed produces 4 million tons of copper wire rod

Uralelectromed has produced 4 million tons of copper wire rod in 20 years.

The total length of the rods produced is 8 million km.

Uralelectromed is the largest producer of copper wire rod in Russia.

Its share on the domestic market is 40%. (Ukrainian metal)

Ukraine: Mechel pays for DMEZ in full

Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011.

The group lost control over the plant 3 years ago.

Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018.

In February Mechel paid the last installment. (Ukrainian metal)