In March the salary debt to state miners increased by 46.5% MoM, or by 20.222 million UAH, to 63.682 million UAH. According to the Ministry of energy and coal industry, as of March 1, the debt was 43.46 million UAH, and as of April 1 – 63.682 million UAH. As of January 1, the debt…Details
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Ukrainian companies seized by the terrorist organizations of Donetsk and Lugansk People’s Republics, supported by Russia, start to shut down. “Anthracite coal, mined there, is needed neither by them, nor by Russia. They have enough of their own coal. The only way is to shut down. The mine named after Zasyadko is shut down, employees…Details
Russky Radiator LLC has finished construction and assembly at the free sites of Nadvoitsy Aluminum Works. The company will be producing aluminum radiators at the new site. The quality of the products will be controlled at each stage. In June all the machinery will be trial-tested, while the full manufacturing capacity is expected to be…Details
In January-February Russia produced 31.01 tons of gold (33.25 tons in 2016), including 23.76 tons of mined gold (24.56 tons), 2.69 tons of by-product gold (2.19 tons) and 4.55 tons of secondary gold (6.49 tons). At the same time silver output totaled 133.91 tons (137.24 tons), including 60.43 tons of mined silver (71.32 tons), 48.05…Details
Aksu Ferroalloy Works has finished the repair of the No. 43 furnace gas-purifying machine. It took the repairmen 15 days to replace 2688 filter sleeves and repair the main equipment. In May and June AksZF will renovate two more gas-purifying complexes at furnaces No. 42 and 44. (Ukrainian metal)Details
The office of the Ufaleinickel general manager has passed from Timofey Sasykov to Edward Karpenko, the ex-deputy director. The decision has been taken at the shareholders’ meeting. Since April 1 the company has stopped operating. The resumption of the work is only possible when the nickel prices revive. 1.7 thousand employees have already been dismissed.…Details
Lysva Iron and Steel Works has confirmed its decision to temporarily halt the investment project. In 2014 the company started the project on the construction of the sheet-rolling complex consisting of two stages. The first part of the first stage saw the assembly of the Printech coating line with the capacity of 110 thousand tons…Details
Miners of Krivoy Rog Iron Ore Industrial Complex, which have previously refused to return to the surface, have been promised a 20% increase of salary. “The negotiations between administration and the miners are going on. The first stage presupposes the increase of salary by 20%. By the end of summer the wages could increase by…Details
In April Yuzhniy Mining and Processing Works increased concentrate output by 12.6% YoY, to 1.001 million tons. According to the company statement, sinter output decreased by 8.9%, to 124.8 thousand tons. In January-April UGOK produced 4.04 million tons of concentrate and 575.6 thousand tons of sinter, up by 12.1% and by 8.1% YoY respectively. Last…Details
In January-March Metinvest decreased iron ore concentrate output by 16% YoY, to 6.68 million tons, coal concentrate – by 1%, to 792 thousand tons. At the same time, if compared with Q4 2016, iron ore concentrate remained flat, while coal concentrate increased by 8%. (Ukrainian metal)Details
In 2016 Seligdar received 3.696 billion rubles of net profits as opposed to the net loss of 1.362 billion rubles in 2015. According to the company statement, its profits before taxation reached 4.632 billion rubles (1.672 billion of losses in 2015), and EBITDA – 5.046 billion rubles, up 1.4-fold. Seligdar increased earnings by 39.1% YoY,…Details
In 2017 Amur Minerals LLC will spend 170 million rubles on prospecting works on the gold-copper-porphyrites deposits of Malmyzh. By 2021 the company intends to construct and put into operation the mining and processing works at Malmyzh with the capacity of 30 million tons of ore per year. The reserves of the site will be…Details
This year Khabarovsk region intends to produce 19.55 tons of gold and 1.55 tons of platinum. According to the local ministry of natural resources, last year gold output was 19.5 tons. The increase in gold output is expected thanks to the new deposits put into operation. Investments in the industry in 2015-2016 exceeded 16 billion…Details