From March 1, Metinvest will increase wages at all its enterprises. This year, expenses on labor payments will grow by 10%. Moreover, from April 1 some employees will receive additional payments of 5% of 25% from their salary. Metinvest claims that its wages are 5-8% higher than their competitors’. As of February, the average salary…
Ukrzaliznytsia has successfully held 17 auctions to sell scrap having received 99.93 million UAH. 14.1 thousand tons of non-ferrous scrap was sold. All the planned auctions have been held. The combined initial price grew by 10.2%, or by 9.2 million UAH. (Ukrainian metal)
In January, Kazakhstan produced 359.945 thousand tons of non-refined steel, up by 5% YoY. In December 2021, the output totaled 387.484 thousand tons. Flat rolled metal manufacture grew by 39.3%, to 22.5 thousand tons (350.55 thousand tons in December 2021). At the same time production of ferroalloys dropped by 18.4%, to 155.097 thousand tons. (Ukrainian…
Ingulets Mining and Processing Works has commissioned the EKG-10 excavator after a repair costing 20 million UAH.Ingulets Mining and Processing Works The volume of the excavator ladle is 10 cubic meters. The machine has already started operating at the depth of 270 meters in a quarry. In 2021, InGOK spent 565.6 million UAH on capital…
The Metinvest enterprise in Kamenskoye has received a new name – Kametstal. The company comprises metallurgical and by-product manufactures (earlier Dneprovskiy Iron and Steel Combine and Dneprovskiy By-Product Coke Plant). The enterprise employs over 9 thousand people. The main products are blast furnace coke, continuous-cast and pipe billets, as well as rolled metal. Kametstal is…
In 2021, Navoi Mining and Processing Works produced over 80 tons of gold. The share of the company in payments to the state budget amounted to 20% and in the industrial manufacture – 13%. Last year, NGMK occupied the fifth place among the world gold manufacturers. The company net profit amounted to 11.3 trillion sums.…
The Vostochniy Mining and Processing Works has ordered Galtekhnopark LLC the delivery of sulphur valued at 36.903 million UAH. The company has to supply 4,722 tons of technical sulphur with the purity of not less than 99.95% at 7,630 UAH per ton, or $265 per ton. In January, Sumykhimprom ordered sulphur with the purity of…
Chaarat Gold Holdings Ltd. unveiled financing and construction delays at its Tulkubash project in Kyrgyzstan. The dispute between Canada’s Centerra and Kyrgyzstan over the Kumtor mine has had a significant impact on the Tulkubash project, pushing out the debt-financing timeline for the project to the second half of 2022. The project’s first gold output has…