As of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion. The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group. In 9 months Metinvest attracted over $50 million as loans…
DetailsLaw enforcers of the Lviv region have uncovered the facts of miners used for personal purposes by the management of Lvivugol mines. For example one director has been exploiting 5 employees for several months in the constriction of a house on a land plot, belonging to his wife. Some miners were hired to work abroad,…
DetailsThis year the Krivbass miners team LLC, developing alluvial sites in the Magadan region, extracted 770 kg of gold. The amount was achieved jointly with the daughter company – Miners team named after Berzin LLC, owner of the license to prospect at the Tumaninskaya field. Last year the output totaled 602 kg of alluvial gold.…
DetailsIn November Korshunovsky Mining and Processing Works increased iron ore concentrate output by 12% YoY, to 201 thousand tons. Ore mining grew by 28% and excavation works – by 4%. Investments in the restoration of machinery in the past 4 months have exceeded 200 million rubles. (Ukrainian metal)
DetailsUchaly Mining and Processing Works has assembled a gyratory crusher of medium crushing manufactured by Uralmashzavod. The machine crushes ore before its processing into concentrate. The capacity of the crusher is 360-610 cubic meters of ore per hour. (Ukrainian metal)
DetailsIn January-November Russia produced 53.6 million tons of unalloyed steel and semi-finished products, down by 1.4% YoY. In November output fell by 3.2% MoM and by 6.4% YoY. Rolled metal manufacture in 11 months decreased by 0.3%, to 56.1 million tons, while in November – by 2.1% MoM and by 0.1% YoY. Russia produced 11.4…
DetailsRussia will keep 2020 coal production and exports at the level of 2019, Deputy Energy Minister Anatoly Yanovsky announced on the sidelines of a conference on December 17. “I think it will be at the level of 2019, about 220 million tons,” he said referring to the amount of coal exports, adding that the production…
DetailsIn January-October metal output in Azerbaijan totaled 434.894 million manats, down by 12.6% YoY. According to the State Statistics Committee, manufacture of metal wares grew by 83.5%, to 195.827 million manats. In 10 months Azerbaijan produced 280.6 thousand tons of steel, down by 16.2%, 255 thousand tons of rebars, down by 4.1%, 39.3 thousand tons…
DetailsStoylensky Mining and Processing Works has begun assembling vertical mills in the new building of the concentrate enrichment shop. The assembly is scheduled to be completed in March 2020. In order to assemble the mills the company is using an 80-ton crane. The new technique of enrichment will allow the GOK to increase iron content…
DetailsIn January-November ferrous metals export revenue decreased by 10.8% YoY, to $8.2 billion. According to the State Tax Service, in November exports earned $596.7 million, down by 14% YoY. The decrease is explained with the overall drop in the industry. The share of ferrous metals in the exports was 18%, down by 3%. Imports in…
DetailsSeverstal Steel Decisions has finished supplying metal structures for the construction of a warehouse building for the Schekinoazot Company in Tula region. Severstal Steel Decisions has designed documents for and produced the walling, while the employees of the Orel manufacturing site applied three-layer corrosion-resistant coating to the structures. The warehouse will store materials and spare…
DetailsIn January-October Novorossiysk Sea Trade Port transported 121.235 million tons of cargo, up by 9.2% YoY. Ferrous metals accounted for 9.627 million tons, down by 13.8%. Non-ferrous metals throughput grew by 3.4%, to 0.854 million tons, mostly due to favorable aluminum market situation. Iron ore raw materials transportation increased by 25.3%, to 2.521 million tons.…
DetailsStarting from 2020 Mauro Longobardo will become the new CEO of ArcelorMittal Kriviy Rih, he has previously chaired ArcelorMittal Tubular Products Jubail. Paramjit Kahlon, current CEO of ArcelorMittal CIS, will work until the end of 2019, and then he will leave the Group. The corporation thanked Mr. Kahlon for his contribution to the development of…
DetailsIn January-November Ukraine decreased coal output by 6.8% YoY, to 28.412 thousand tons. In particular, coking coal mining grew by 5.3%, to 5.605 million tons, while that of power-generating coal dropped by 9.3%, to 22.8 million tons. Coal enterprises, subordinated to the Ministry of Economy and Energy in 11 months mined 3.343 million tons of…
DetailsAzovstal has won a lawsuit against the State Fiscal Service valued at 320 million UAH. In particular, the Donetsk district administrative court has satisfied a claim of Azovstal to the Office of large taxpayers and cancelled the decision to decrease VAT reimbursement of 213.4 million UAH and application of a fine of 106.7 million UAH.…
DetailsPresident of Kyrgyzstan Sooronbai Jeenbekov has signed a law banning activities related to geological exploration of underground resources with the aim of prospecting, exploration and development of uranium and thorium deposits. Presidential press service reported. The law was adopted by the Parliament of the Kyrgyz Republic on October 31. “The purpose of the law is…
DetailsAccording to Ukrmetallurgprom, in December Ukraine will produce 1.25 million tons of pig iron, 1.2 million tons of steel and 1.1 million tons of rolled metal. In December 2018 the respective output volumes amounted to 1.83 million tons, 1.89 million tons and 1.1 million tons. Thus, December 2019 will have the worst result in the…
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