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Author Archives: admin

Ukraine: rolled metal consumption down in January-February 2019

Metal marketBy admin03.05.2019Leave a comment

In January-February metal companies decreased rolled metal consumption by 16.2% YoY, to 555.9 thousand tons. Imports accounted for 186.9 thousand tons, or 33.6%. In January-February 2018, the domestic market consumed 663.1 thousand tons of rolled metal, including 193.1 thousand tons, or 29.1% of imported metal. In 2 months Ukraine produced 3.08 million tons of rolled…

Ukraine: AMKR not to pay dividends for 2018

ArcelorMittal Kriviy Rih ore mining and metallurgical worksBy admin03.05.2019Leave a comment

The shareholders of ArcelorMittal Kriviy Rih decided to spend all the profit of 2018 on the development of the company. Last year the company increased its net profit almost 2-fold, or by 84.2%, to 9.51 billion UAH. Net income grew by 3%, to 68 billion UAH. (Ukrainian metal)

Ukraine: consolidated losses of 10 state mines down in 2018

coalBy admin03.05.2019Leave a comment

State coalmining enterprises and mines managed by the Ministry of energy and coal industry in 2018 received a consolidated loss of 2.69 billion UAH, down by 16.5% YoY. In particular, Lvivugol, which mined 1.413 million tons of coal, received 457 million UAH of net loss, up 3.1-fold YoY, and 791.99 million UAH of net income,…

Ukraine: three miners suffer from electric shock at Sukhaya Balka mine

Sukhaya BalkaBy admin03.05.2019Leave a comment

During underground work three people were injured at the Yubileynaya mine of Sukhaya Balka in Krivoy Rog. The help of the rescuers was not needed, as the colleagues of the miners were able to repair the machinery and brought them to the surface. All the three miners suffered from the electric shock. (Ukrainian metal)

Kyrgyzstan: Board of Directors of Centerra with new representatives elected

goldBy admin03.05.2019Leave a comment

Canadian company Centerra Gold Inc. announced results of elections of its Board of Directors. There are 3 representatives of Kyrgyzstan among 11 people. Dushen Kasenov and Maksat Kobonbaev became new members of the Board of Directors from Kyrgyzstan. In addition, Askar Oskombaev remained in the Board of Directors. The Board of Directors of Centerra Gold…

Kyrgyzstan: tailing dumps reclaimed at expense of donors

miningBy admin03.05.2019Leave a comment

“We conduct rehabilitation and reclamation of tailings only at the expense of international donors,” the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov said at a meeting of the Parliament. At least 94 million soms of budget funds have been spent on maintenance of tailing dumps. Planned expenses are 134 million soms. “Previously, 3 million…

Russia: Charan gets the Rachyu alluvial site

goldBy admin03.05.2019Leave a comment

Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook. The company competitor was Sibresursproekt LLC. Charan offered 1.320550 million rubles for the site. (Ukrainian metal)

Kyrgyzstan: uranium mining investor to be supported

uraniumBy admin03.05.2019Leave a comment

“As for Kyzyl-Ompol, position of the State Committee of Industry, Energy and Subsoil Use is such that we have to support the investor,” said Emil Osmonbetov, Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan. “If there are violations, then it is necessary to apply measures within the framework of the…

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