The second largest nickel manufacturer in Russia – Ufaleinickel – will stop operating. On August 7 the company shareholders voted for the liquidation of the enterprise. According to Ufaleinickel representative Olga Markina, the process will be long. The board of directors is still looking for investors, but so far there have been no agreements. As…Details
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Lisichanskugol miners have received the promised salary. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, a meeting took place between Lisichanskugol management and the miners on August 7. The managers promised to find money to clear salary debts (100% of June and April, as well as 80% for July). The…Details
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, plans to start gold production at the Ugur field in the fourth quarter of 2017. The Ugur deposit, which was discovered in 2016, is located three kilometers to the north-west of the company’s main fields. The construction of roads to connect…Details
On August 7 Lvivugol received 14 million UAH for the coal it sold. According to the department of the fuel-energy complex of the Lviv regional state administration, all the money was spent to pay salary to the miners. (Ukrainian metal)Details
Ukrainian steelmakers in January-July exported ferrous metals worth $4.749 billion, with their share in the country’s exports at 19.91%, according to the State Fiscal Service (SFS). Exports of metal wares totaled $476.9 million, accounting for 2% of the country’s total exports, the SFS said. Ukraine shipped abroad ferrous metals worth $667.7 million in July alone,…Details
Vyksa Iron and Steel Works has become a winner in the Russian Railroads competition. VMZ won in the nomination “Components for the rolling stock and the infrastructure” with railroad wheels made of T-grade steel. The wheels have been developed by VMZ within the cooperation program with the Russian Railroads on quality improvement. (Ukrainian metal)Details
Energomashspetsstal has shipped a large hammer frame to LASCO Umformtechnick GmbH. The frame with the weight of 61 tons is a part of press-forge machinery. This is not the first hammer frame produced by EMSS for LASCO. So far 14 hammer frames have been shipped to the German customer. The companies have been cooperating for…Details
UGMK-Holding and CINF (China) have carried out the fourth round of negotiations on designing and construction of a new zinc electrolysis shop at Electrozinc in the city of Vladikavkaz, which will produce 96 thousand tons of zinc and zinc-aluminum alloy per year. This year Electrozinc will finish the project and design work on construction. “We…Details
Karelsky Okatysh has put a new 20-cubic meters EKG-20KM excavator into operation. According to the company statement, the machine will work at the central quarry. It will replace the CAT-6060, the operation of which has been suspended because of the high expenses. The new excavator will dig some 4 million cubic meters of rock per…Details
In January-July DTEK Energo produced 13.4 million tons of gas coal, up by 15.6% YoY. According to the company statement, at present thermal power plants using gas coal operate at the maximum loading. They produce more electricity, increasing fuel consumption. To satisfy the gas coal demand DTEK Energy in 2017 increased investments in mining 1.5-fold,…Details
Naftogaz Ukrainy has asked the Commercial court of Donetsk region to open a case on the bankruptcy of Energomashspetsstal. The suit was filed on August 3 by the Naftogaz daughter company – Gaz Ukrainy. As of August 1 EMSS is the fourth largest debtor of Naftogaz as to gas among industrial consumers with its debt…Details
The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…Details
In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…Details