Social standards of ArcelorMittal Kriviy Rih are one of the highest in mining and metallurgical industry of Ukraine. Last year, social expenses of the company amounted to UAH 432.4 million. Traditionally, the most considerable part of funds, namely UAH 179.7 million, was allocated for rest and health improvement in 2019. Last summer almost 11 thousand…
Russian silver and gold producer Polymetal has raised ore reserves of its Kutyn field more than 2-fold, to 812,000 ounces of gold under the JORC code, the company said in a statement on February 12. “The updated JORC-compliant open-pit ore reserves estimate as of October 1, 2019 comprises 8.4 million tons of ore with an…
Russian steelmaker Novolipetsk Steel expects its facilities at the Lipetsk site to raise steel production quarter-on-quarter in January-March to maintain year ago levels, the company said in a statement on February 12. “We expect to increase steel manufacturing at the Lipetsk site to the level of the same period of the previous year as capital…
The state defense concern Ukroboronprom (UOP) has started optimizing scrap sales and has already discussed the problematic issues with major customers and procuring companies. UOP intends to inventory and evaluate the scrap sources. So far the enterprise can name neither the volumes of scrap, nor the structure of stocks. This issue will be cleared in…
Salary debts to Lvivugol miners have amounted to 350 million UAH, and all over Ukraine – 1.35 billion UAH. At the same time, in late December 2019 money from state budget was already provided to clear debts. President of Ukraine has visited a mine in Chervonograd. But the miners were not able to provide the…
In 2019 Interpipe sold 798 thousand tons of metal products, down by 7% YoY. Exports accounted for 76%, while domestic sales dropped from 28% to 24%. Pipe sales decreased by 11%, to 595 thousand tons, mostly due to a drop on the global market in H2 2019. Deliveries of pipes to Ukrainian companies went down…
In January Zlatoust Electrometallurgical Works exceeded steel output target. In particular, the company produced 4794 tons of liquid steel. The shop No. 2 exceeded target by 0.5% and No. 3 – by 3.6%. The rolling shop No. 1 produced 1964 tons of sections. Mill-750 output reached 2308 tons, up by 4.9%, and mill-400 – 547…
In 2019 Polyus increased net profit 4.1-fold YoY, to $1.944 billion. EBITDA grew by 44%, to $2.68 billion, and revenue – by 37%, to $4.005 billion. In Q4 2019 net profit increased 2.3-fold QoQ, to $697 million, EBITDA – by 25%, to $883 million, and revenue – by 20%, to $1.287 billion. (Ukrainian metal)