“We propose to create a working group by a government’s decision that will hold negotiations on Jerooy,” Duishonbek Kamchybekov, Deputy Chairman of the Association of Miners, said at a press conference. According to him, Jerooy is the second deposit after Kumtor in terms of proved gold reserves. In addition to what the company has paid…
The government has postponed from January 1 to April 1, 2020 the implementation of the scrap exports only via stock exchanges. At the same time the quota on the export of metals will expire on December 31 and will not be prolonged. The officials believe the exchange trade will improve transparency of the scrap market.…
In January-August Russia exported 28.057 million tons of ferrous metals, down by 9% YoY. The export of ferrous metals, not counting pig iron, ferroalloys, wastes and scrap, totaled 18.239 million tons, down by 10.4% YoY. Sales of carbon steel semi-finished products decreased by 8.4%, to 9.775 million tons, and flat carbon steel – by 14.2%,…
ArcelorMittal Kriviy Rih has started commissioning the turboblower No. 15. Investments in the project totaled 200 million UAH. The turboblowers provide the largest blast furnace No. 9 (manufactures 50% of the company pig iron) with cold air. The blast furnace complex modernization is scheduled for 2021. As a result, pig iron output will increase to…
Zaporozhkoks and the Tax Service are trying to amicably settle the issue of tax fines. On August 28 Zaporozhye district administrative court opened a case, as Zaporozhkoks asked to cancel a number of Tax Service decisions. In particular, the Tax Service demands the increase of VAT tax payments by 247.1 million UAH, including 82.4 million…
Lugansk region miners have announced a strike and refuse to go underground until their salary debts are cleared. On October 8 employees of the Novodruzhevskaya mine, a part of Lisichanskugol, stopped extracting coal. The salary debt to them amounts to 120 million UAH. The employees of the nearby mine named after Kapustin have warned the…
Dnipro River Port has transshipped a batch of Turkish galvanized coils. “On October 7 the port started unloading steel coils from the Nefterudovoz-46M. The ship has brought 2.5 thousand tons of high-quality galvanized steel coils from Turkey”, the port authority reported. The coils are transported from the ship directly to the trucks. (Ukrainian metal)
The Antimonopoly Committee of Ukraine has started reviewing the case on the purchase by Vesco Limited of Chasov Yar Refractory Works shares (Donetsk region). As a result of the purchase the company will accumulate more than 50% of shares. As of Q2, Zaporizhstal owned 24.99% of Chasov Yar Works shares. And the rest belonged to…