The Ministry of Transport and Roads and the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan can’t agree on railway tariffs for the transportation of coal, the head of the State Committee Duishenbek Zilaliyev said on March 24, at a government meeting. According to him, under the agreement on the application of unified…
DetailsThe Cabinet of Ministers of Ukraine has exempted operations with ferrous and non-ferrous scrap metal, in particular imports, from value added tax (VAT) until January 1, 2019. The corresponding government resolution dated March 22, amends another resolution No. 15 dated January 12, 2011, which defined the list of ferrous and non-ferrous metal scrap and waste,…
DetailsGold production at the Kumtor mine in 2016 was 550,960 ounces or 17,136.78 kg, Kumtor Gold Company informed. Gold sales were 546,342 ounces or 16,993.15 kg with a revenue totaling $686.4 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2016 was 8% and in the overall…
DetailsThe Taganrog Iron and Steel Works, a part of TMK, has been visited by the Rostov region deputy governor on industry development, energy and transport Vladimir Krupin and the first deputy minister of industry and energy of the region Andrei Savelyev. Together with the managing director Sergey Bilan they have visited the arc-furnace and pipe-rolling…
DetailsThe Beloretsk Iron and Steel Works, a part of Mechel, has concluded a contract to buy a steel rope mill in Germany. The new machinery will allow producing 22-90 mm diameter ropes used in lifting industry, bearing elements of hanging bridges, coal and mining industries, as well as ship-building and oil-and-gas extraction. At present no…
DetailsNorilsk Nickel has invested 4.6 billion rubles into the modernization of its port terminal in Murmansk. According to the company statement, 2.4 billion rubles were spent on construction of the second birth, which would be put into operation in late March. The increase in throughput capacity will allow Nornickel to transport all of its produce…
DetailsUkraine’s government intends to ban imports of steam coal from Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk declared. “A draft resolution is currently in the pipeline. A decision will follow,” he said when answering a question about plans to ban anthracite coal imports from Russia. The draft resolution is planned to be considered…
DetailsIn 2016 DTEK Pavlogradugol increased net profit 3-fold YoY, to 647.15 million UAH. According to the company statement, its assets cost 24.41 billion UAH, up by 17% YoY, accounts receivable were on the level of 7.51 billion UAH, up by 64% YoY. The company fixed liabilities increased from 4.72 billion UAH in late 2015 to…
DetailsThe resumption of primary aluminum production as well as the creation of a new anode factory at the VgAZ-SUAL works will give the Volgograd region some 2.5 thousand jobs. RusHydro confirmed its readiness to discuss electricity supply to the Volgograd Aluminum Works. It was the high cost of electricity that halted the electrolysis manufacture at…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams. The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)
DetailsIn February Ukraine decreased steel output by 3.6% YoY, to 1.9 million tons, falling from the 10th position to the 11th position in the 67 countries list. Most of the TOP-10 countries reported an increase in steel output except for Japan, USA and Russia. In January Ukraine produced 2.1 million tons of steel, up by…
DetailsThe so-called Donetsk People’s Republic has started hunting for the ex-CEO of the Zasyadko mine Pavel Filimonov. He is suspected of committing a crime connected with the violation of safety rules while conducting mining or construction operation resulting in the death of 2 or more people. The militants already arrested Filimonov in 2015 following an…
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