Zaporizhstal is commissioning its blast furnace No. 2 after forced mothballing. Now the blast furnace shop will operate three furnaces. The blast furnace No. 2 has been mothballed since March 2022. This is the first time that it will be launched during the Russian full-scale invasion of Ukraine. The furnace is scheduled to reach its…
In February, Ukraine exported 40.9 thousand tons of ferroalloys valued at $33.66 million, down by 26.8% and by 34.7% MoM respectively. According to the State Customs Service, compared with February 2022, exports revenue dropped by 54.6%. In January-February, Ukraine exported 96.83 thousands tons of ferroalloys valued at $85.23 million. Revenue decreased by 44.7%. The main…
The State Bureau of Investigation is investigating the involvement of the employees of Volyn region customs in the illegal schemes of scrap exports to the EU, with damages estimated at 350 million UAH. “Companies, exporting scrap to the EU, can receive a EUR.1 certificate, confirming the Ukrainian origin of scrap. It allows decreasing the export…
Corum Group, a part of DTEK Energo, has produced a shearer for the Zapadno-Donbasskaya mine, a part of DTEK Pavlogradugol. “Since the start of the large-scale war, the production of each shearer has become a challenge. Having shipped a shearer to the Space Heroes Mine Group, we have started making another machine,” the company said.…
Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, expects mining and processing of 3 million tons of ore per year at the Khalkhar deposit. According to the company, since July 2022, an extensive geological exploration program has been carried out at the Khalkhar deposit. “The base case open…
In 2022, Kazakhstan increased gold-bearing ore extraction by 19.5% YoY, to 39.4 million tons. Concentrate output dropped by 11.9%, to 455 thousand tons. Raw and semi-wrought gold manufacture grew by 13%, to 129.6 tons. In particular, refined gold production totaled 73.2 tons, up by 9.9%. In previous years the highest output was 69.8 tons. Tau-Ken…
In January-February, Ukraine exported $357.1 million worth of ferrous metals, down 5.6-fold YoY. According to the State Customs Service, ferrous metals accounted for 5.53% of the overall export revenue as opposed to 17.6% last year. In February, ferrous metals export revenue totaled $191.42 million. Imports decreased by 28%, to $163.54 million, with $94.8 million in…
Over the year of the war with Russia, Metinvest has decreased the number of its employees by 40 thousand and intends to fire 5 thousand more. During the war, the Metinvest staff dropped to 60 thousand. “We lost a half of our business. Two major enterprises – Mariupol Ilyich Iron and Steel Works and Azovstal…