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Author Archives: admin

Kyrgyzstan: gold output hits record in 2019

gold, silverBy admin30.01.2020Leave a comment

In 2019 Kyrgyzstan extracted the record-high volume of gold – 26 tons. Silver output dropped by 1%, to 21.8 tons. Companies have 2435 licenses to operate in Kyrgyzstan. In particular, 469 licenses have been issued to develop gold deposits. (Ukrainian metal)

Tajikistan: gold reserves of 40 deposits evaluated

goldBy admin30.01.2020Leave a comment

Tajikistan has calculated gold reserves of 40 deposits. The country has 40 operating and 85 promising deposits. At the same time the country has not disclosed the reserves of the 40 deposits due to the secret nature of the information. (Ukrainian metal)

Russia: Evraz NTMK ships 1800 tons of beams for Angara space complex

Evraz NTMKBy admin30.01.2020Leave a comment

Evraz NTMK has shipped over 1800 tons of flanged beams for the construction of the Angara space rocket launcher in the Far East. Low-alloyed flanged beams with the size of 200 to 700 mm are used in construction. Shipping started in H2 2019, and would continue until 2022. The construction will be finished in 2023.…

Russia: Kuzbassrazrezugol adjusted output plans for 2020

KuzbassrazrezugolBy admin30.01.2020Leave a comment

In 2019, Kuzbassrazrezugol mined 47 million tons of coal, including 6 million tons of coking coal. The annual output target was adjusted due to the worsening of the global coal market situation, and was reached. Excavation totaled 381.1 million cubic meters of rock, up by 6.3% YoY. 43.9 million tons of coal were sold, down…

Russia: Stalintex Trade opens metal base in Rostov

Metal marketBy admin30.01.2020Leave a comment

Stalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…

Russia: CherMK to spend over 1 billion rubles to modernize automobile fleet

Cherepovets Iron and Steel WorksBy admin30.01.2020Leave a comment

In 2 years Severstal will spend more than 1 billion rubles to modernize the Cherepovets Iron and Steel Works automobile fleet. According to Severstal Russian Steel CEO Yevgeniy Vinogradov, in 2019, 64 units of automobiles were purchased. This year it is planned to buy 27 units. Special machines will provide for the operation of new…

Ukraine: average wages in metal industry up in 2019

metal industryBy admin30.01.2020Leave a comment

In 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…

Ukraine: UGOK to pay 1.3 billion UAH to Spirit Finance

UGOKBy admin29.01.2020Leave a comment

The Supreme Court has refuted the cassation of the Yuzhniy Mining and Processing Works and supported the decision of the Commercial Court of Dniepropetrovsk region and the Central Commercial Court of Appeals to recover 1.3 billion UAH from the company in favor of Spirit Finance LLC. In September 2017 the UGOK shareholders decided to pay…

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