On behalf of the multi-million Ukrainian mining and metallurgical complex, the Ukrmetalurgprom association has addressed the leaders and representatives of the UN, EC, USA, UK and Turkey asking them to completely unblock Ukrainian ports and restore free navigation in the Black Sea. “At present the sea trade of Ukraine has almost completely been destroyed by…
Pokrov Mining and Processing Works intends to launch the Bogdanovskaya Sinter Processing Factory after almost a yearlong shutdown. During the shutdown, the electricity supply lines at the factory went out of order, but they had almost been restored. When the electricity starts running again, the factory will receive raw materials. A special attention was paid…
In July, Uzbekistan sold 11 tons of gold, according to the World Gold Council. This brought the total gold sales for the country to 46 tons in the first seven months of this year. During this period, Uzbekistan also purchased 16 tons of gold. Additionally, Kazakhstan sold 4 tons of gold in July, and both…
In January-August, Ukraine decreased steel output by 22.3% YoY, to 4.032 million tons. According to Ukrmetalurgprom, pig iron manufacture dropped by 24.1%, to 3.908 million tons. Ukraine also produced 3.406 million tons of rolled metal, down by 23.9%. (Ukrainian metal)
The State Property Fund has sold the Murafskiy quarry in Vinnytsia region for 25 million UAH. Three investors participated in the trade. As a result of the auction, the initial price grew 5-fold. In addition to 25 million UAH, the winner of the auction has to pay more than 11 million UAH of the company…
In January-August, Almalyk Mining and Processing Works exported products valued at $465.43 million, up by 0.4% from the forecast. In particular, the company exported 37,736 tons of copper and 25,688 tons of zinc. Molybdenum products exports increased by 25.8%, rhenium by 44% and cadmium by 41%. (Ukrainian metal)
The number of employees at Kumtor gold mine has grown by 33%, or by 1,156 people over four years. Since 2017, the enterprise has taken a course to reduce the cost of gold production, including gradually reducing the staff in order to reduce administrative costs. As a result, in 2019, 3,467 people worked at Kumtor:…
First Deputy Prime Minister Roman Sklyar denied the rumors on transfer of ArcelorMittal Temirtau to Severstal, Russia’s largest mining company. Journalists asked Sklyar whether any negotiations were held with Severstal on transfer of ArcelorMittal Temirtau. “That’s not true. There are no negotiations on this issue. Do not believe these rumors,” he said. “The company (ArcelorMittal…