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Author Archives: admin

Ukraine: Cabinet to shut down profitless mines

miningBy admin06.11.2019Leave a comment

The Cabinet of Ministers suggests increasing financing of state mines in 2020 by 622.8 million UAH. This is stipulated in the draft budget for 2020 in order to bring the mines to the profitable level. At the same time profitless mines will be closed. The Verkhovna Rada also supported amendments to the state budget 2019…

Ukraine: Metinvest spends $1.2 billion on Mariupol Ilyich development

Mariupol Ilyich Iron and Steel WorksBy admin06.11.2019Leave a comment

In 7 years Metinvest has invested $1.2 billion in the development of Mariupol Ilyich Iron and Steel Works. In particular, $408.5 million were spent on ecological projects, and $757 million on the capital construction, reconstruction and repairs. One of the largest projects was the construction of a continuous casting machine No. 4 in the converter…

Ukraine: Selidovugol orders 70 million UAH worth of conveyer belts

SelidovugolBy admin06.11.2019Leave a comment

The state enterprise Selidovugol has ordered Contract-Energo Trading House LLC the delivery of conveyer belts valued at 70.1 million UAH. Until August 2020 the company has to supply 17300 meters of belt manufactured in Russia and purchased from Erlight LLC. The price of the agreement is 1% below the expected cost of the purchase (71…

Ukraine: metal industry employee number down in September 2019

metal industryBy admin06.11.2019Leave a comment

In September the number of employees in metal industry decreased by 0.6% MoM, to 191.7 thousand people. According to the State Statistics Service, in mining and quarrying the number of personnel dropped by 0.4%, to 193.8 thousand people. The coke manufacture lost the most workers – 2.7%, to 17.5 thousand people. (Ukrainian metal)

Russia: VSMPO-Avisma passes pipe audit

VSMPO-AvismaBy admin06.11.2019Leave a comment

Siemens AG auditors have visited VSMPO-Avisma. They have examined the strip-cutting site of the shop No. 16 and welding lines in the shop No. 38. They have also checked the personnel qualification and pipes quality. The experts have noted a high level of manufacture. The next audit will be carried out in January 2020. The…

Azerbaijan: precious metals market on October 28 – November 1, 2019

precious metalsBy admin06.11.2019Leave a comment

Last week the price of one ounce of gold increased by 11.6 manats ($6.8) or by 0.5%. The average price of one ounce of gold stood at 2,547 manats ($1,498). The price of one ounce of silver grew by 0.05 manats ($0.03) or by 0.2%, to 30.4 manats ($17.8). The price of one ounce of…

Ukraine: 2.7 million tons of coal produced in October 2019

coalBy admin06.11.2019Leave a comment

In October Ukraine produced over 2.7 million tons of coal, down by 8% from the target, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In October coal mining enterprises of Ukraine of all forms of ownership produced 2,720,824 tons of coal. The…

Russia: copper exports up in August 2019

copperBy admin06.11.2019Leave a comment

In August Russia exported 67.1 thousand tons of refined copper, up by 98% MoM and by 9.4% YoY. Deliveries to China grew 2-fold, to 17.3 thousand tons. Germany imported 6 thousand tons, up also 2-fold MoM. In 8 months exports totaled 441.4 thousand tons, on par YoY. In monetary terms since the start of the…

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