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Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…
DetailsCentral Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…
DetailsIn January-April Ukraine decreased coking coal output by 19.4% YoY, to 2.3 million tons. According to the Ministry of energy and coal industry, power-generating coal output went up by 1.1%, to 10.8 million tons. All in all in 4 months Ukraine mined 13.1 million tons of coal, down by 3.2% YoY. As of May 1,…
DetailsIn January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY. According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg. Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)
DetailsIn January-March Russia imported 282.8 thousand tons of coated flat rolled metal, up by 9.6% YoY. This is also the highest imports volume for the last 4 years. Galvanized steel accounted for 58% of the imports, polymer-coated rolled metal – for 25.6%, the rest was tin-plate. The main supplier is Kazakhstan (44.3%, up by 60.5%…
DetailsIn January-March Kazakhstan exported $10.8 billion worth of products, up by 30% YoY. Exports to EAEU countries increased by 39.2%, to $1.2 billion, with $1 billion on behalf of Russia (up by 36% YoY). Exports to Kyrgyzstan increased by 44%, to $97.5 million, to Armenia – 15-fold, to $165 thousand, to Belarus – 7-fold, to…
DetailsGold mining companies of Amur region obtained 6.182 tons of gold in January-April. Ore gold constituted the main share. Only Priisk Solovievsky has started obtaining alluvial gold. “We see a positive dynamics this year. Gold output has increased by 1.2 tons YoY. The growth has been provided by Petropavlovsk state enterprise mines Pokrovsky, Pioneer, Malomyr…
DetailsEvraz has shipped 10 thousand tons of I-beams produced by Evraz NTMK for the construction of ZapSibNeftekhim works. “We intend to intensify our work in the region. The huge volumes of the project demand maximum attention and quick operation”, Evraz Metal Inprom CEO Sergey Sintsov declared. ZapSibNeftekhim is being constructed in Tobolsk, so the rolled…
DetailsIn January-March Uchaly Mining and Processing Works, a part of UMMC, received 560.8 million rubles of net profits, down 2-fold YoY. The company earnings dropped by 1.2%, to 5.4 billion rubles, while the product cost price increased by 20.7%, to 4.1 billion rubles. Uchaly GOK sells copper and zinc concentrates. The company accounts payable increased…
DetailsKabardino-Balkaria will see the construction of a new hydrometallurgical works. According to the local Ministry of industry and trade, the works with the capacity of 4 thousand tons per year will process tungsten concentrates, as well as tungsten- and molybdenum-containing products. Chemically clean tungsten oxides will be supplied to the local market. The project will…
DetailsIn 2017 Noginsk Pipe-Section Works started producing new pipes (electric-welded pipes of 55×55 and 110×110 mm), a new mill also was put into operation (for square pipes of 15×15 and 40×40 mm and rectangular pipes of 15×60 mm). As the result now the company is capable of producing pipes from 10×10 to 120×120 mm. At…
DetailsAdditional revenue of the budget from the scrap export duty increase to 30 euro per ton exceeded 1 billion UAH. “One billion is a very pessimistic estimate of additional income of the budget. We believed that one ton of scrap processed and sold yields 7-8-fold more than just scrap”, Ukrmetallurgprom president Alexander Kalenkov said. According…
DetailsUkraine’s Cabinet of Ministers decided to resume licensing of anthracite exports in 2017 in consultation with Ukraine’s Energy and Coal Industry Ministry to overcome crisis in the energy sector linked to termination of anthracite supplies from Ukrainian government uncontrolled territories of Donbas. “The resolution is intended to provide for a balance on domestic market, prevent…
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