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Within the framework of Metalloinvest operational improvements program Lebedinsky Mining and Processing Works is repairing drying drums at the processing factory shop No. 4. Four major improvements have already been done, which improved the drying efficiency with the total annual effect of 26 million rubles. (Ukrainian metal)
DetailsThe demands of the striking miners from Evraz Sukhaya Balka have not changed. They demand the increase of wages by 30% from May 1, with the following increase by the end of the year to the equivalent of 1 thousand euros, the Independent Miners Union chairman Mikhail Volynets reported. But the administration is unmoved –…
DetailsEnergomashspetsstal has shipped a batch of rolls to Mariupol Ilyich Iron and Steel Works. According to the company statement, the totals weight of the rolls is 121.82 tons, they will be used in hot-rolling strip mills. The corresponding contract was concluded in January. By the end of the year EMSS will have supplied 371.78 tons…
DetailsOn May 15 the government of India imposed final antidumping duties for 5 years on some types of cold-rolled metal originating from Ukraine, South Korea, China and Japan. The duty is the difference between the customs cost of the cold-rolled steel and $576 per ton. The investigation was started on the request of Steel Authority…
DetailsIn January-April Russia exported 58.216 million tons of coal, up by 3% YoY. According to the Ministry of energy, in April coal exports reached 14.9 million tons. Coal output in January-April totaled 132.62 million tons. (Ukrainian metal)
DetailsThe United Mining and Chemical Company will spend 50% of its 2016 net profits to pay dividends, having sent 338.849 million UAH to the state budget. The decree on the dividends payment was approved by the Ministry of economical development and trade on April 28, and UMCC received it on May 13. The dividends have…
DetailsThe stocks of anthracite at thermal power plants increased by 10.9%, to 464 thousand tons, from May 10 through May 15. According to the Ministry of energy and coal industry, Centerenergo increased stocks of the Zmiev TPP from 49.3 thousand tons to 74.4 thousand tons. Tekhnova LLC increased anthracite stocks at Darnitsa and Cherkassy TPPs…
DetailsSilver and gold producer Polymetal International and UniCredit bank have agreed on terms of a 5-year $200 million loan to finance existing debt from May, the company said in a statement on May 15. Polymetal is also considering options to refinance its $400 million loan with Sberbank due in November 2018 and is in talks…
DetailsA consortium of China’s Fosun Group, Zhaojin Mining and Hainan Mining may get only 15% in Russian gold producer Polyus instead of 25% expected earlier. In April, the documents of the Russian-Chinese investment commission provided that Fosun agreed to acquire 20-25% of Polyus for up to $2 billion. A relevant agreement can be signed in…
DetailsIn Q1 GeoProMining (GPM) spent $1.84 million to modernize the Agarak Copper-Molybdenum Works. According to the company statement, a Komatsu PC-400, 10 quarry dump-trucks and a Shtanui SD32 have been purchased for the works. In 2009-2012 AMMK and its deposit were completely modernized and reached the full capacity of 3.5 million tons of ore per…
DetailsThe Cabinet of Ministers of Ukraine intends to provide 200 million UAH to increase labor safety at state mines. “The commission that checked safety at mines has presented results of its work. The situation is pretty bad. I don’t want to go into detail, but we have to start improving the safety of our miners…
DetailsLvivugol has received 3.9 million UAH from the Ministry of energy and coal industry to put new long faces into operation and purchase equipment for mine modernization and development. From the year start the enterprise has received 49.3 million UAH. In the first half of the year three new long faces will be put into…
DetailsIn January-April two coalmining enterprises of Lugansk region considerably decreased output. According to the Ministry of energy and coal industry, Lisichanskugol output dropped by 29.4% YoY, to 67.5 thousand tons of coal, and Pervomayskugol – by 38.2%, to 78.3 thousand tons. (Ukrainian metal)
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