The state enterprise Yuzhnodonbasskoye No. 1 Mine Group (Donetsk region) has put into operation a new long face with the reserves of around 500 thousand tons. This will allow the enterprise to mine some 800 tons of coal per day. The face was prepared in May. The cost of the work was 39.2 million UAH,…Details
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Mariupol Ilyich Iron and Steel Works can decrease output because of the shortage of raw materials. “We still intend to increase output, but often it seems, that this is only our wish – out of 23-25 cargo trains through the Kamysh-Zarya route twice-promised by Wojciech Balczun, we in fact had 16 a day on May…Details
The European Commission has imposed 5-year antidumping duties on construction rebars, produced in Belarus. The decision has been taken following the results of the antidumping investigation, which has shown that Belarus metal products have been sold in EU at a price 60% lower than the market price. The investigation started in March 2016, and in…Details
In January-May Russia supplied 4.25 million tons of coal to Ukraine, and the total supplies this year are expected on the level of 10 million tons. Last year Russia supplied 10.11 million tons of coal to Ukraine, according to the Russian Ministry of energy. The Ministry of energy and coal industry of Ukraine has asked…Details
Salary to Lviv Coal Company employees has not been paid since February, and the total debt now amounts to 18 million UAH. According to the chairman of the Independent Miners Union Mikhail Volynets, the situation is critical. The situation is made even more complex by the suits as to the bankruptcy of the company and…Details
Shareholders of DTEK Pavlogradugol decided to pay 647.15 million UAH of dividends for 2016. The dividends will be paid from June 30 through October 20. In 2016 DTEK Pavlogradugol received 647.15 million UAH of net profits, up 3-fold, or by 420.87 million UAH YoY. Last year, according to the Ministry of energy and coal industry,…Details
By July Seligdar will have put the new gold-extracting factory at the Ryabinovoye deposits in Yakutia in operation and plans to mine at least 400 kg of gold there this year. Investments into the factory total 6.335 million rubles. The factory capacity is 1 million tons of ore per year. The factory will produce some…Details
Last year the export duty for scrap increased from 10 euro per ton to 30 euro. This has immediately affected the budget – taxes increased almost 2-fold. And much more raw materials stayed in the country. “At present Azovstal Iron and Steel Works is fully provided with scrap. Unfortunately a year ago the situation was…Details
In April, according to the customs statistics, corrosion-resistant rolled metal imports reached 21.6 thousand tons, up by 2.4% MoM and by 18.7% YoY, valued at $50 million, up by 3.3% MoM and by 34.7% YoY. In January-April Russia imported 86.2 thousand tons of corrosion-resistant rolled metal valued at $182 million, up by 36% and by…Details
Kazakhstan continues increasing exports. In January-April exports increased by 21%, or by $836 million. Metal product exports account for 54% of the total volume. The highest increase in prices was also noticed in the metal industry. China and Russia remain the main export markets, accounting for over 40% of all exports, up by 21% and…Details
In May Vostsibugol mined 723 thousand tons of coal in Irkutsk region. Vostsibugol operates Cheremkhovugol, Tulunugol and Zhronsky open-pits. In May Cheremkhovugol mined 318.6 thousand tons of coal, Tulunugol – 340.4 thousand tons and Zheronsky – 63.8 thousand tons. In January-May Vostsibugol mined 4.496 million tons of coal, up by 2.6% YoY. This year the…Details
This year Electrozinc will complete the overhaul of the sulfuric acid mill. According to the company statement, the main assets are the absorber and the transformer substation. When the absorber is put into operation, the gas purification will increase to 99.99%. The total cost of the absorber construction is 186 million rubles, and the construction…Details
Severstal-Metiz has rebranded two of its assets. From June 19 Redaelli SSM will be called Severstal Kanaty (Severstal Wire Ropes). From June 20 Techi Rus will be called Severtsal Podyemnye Tekhnologii (Severstal Lifting Technologies LLC). The bank data, tax number and addresses of the companies will remain the same. (Ukrainian metal)Details