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The Cabinet of Ministers of Ukraine has allocated UAH 136 million in budget funds to pay off salaries to coal miners, Chairman of the Independent Trade Union of Miners of Ukraine, Mykhailo Volynets, wrote on his Facebook page. “We have received information from the Cabinet of Ministers of Ukraine that Prime Minister Volodymyr Groysman has…
DetailsNuMetal and its key shareholder Russian bank VTB have not abandoned the idea of buying bankrupt Indian smelter Essar Steel, VTB CEO Andrei Kostin announced on October 5. Bloomberg reported that India’s Supreme Court ruled on October 4 that the entire soured debt of affiliates of participants in the auction for the steel asset must…
DetailsIndian energy company Tata Power has received a license to invest in a coal deposit on Russia’s Far East, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev reported on October 5. “We are actively working with several Indian companies on investments in Russia, including with Tata Power, which plans to develop actively the…
DetailsPrices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 5, according to the data published by the Central Bank. The price of gold grew by 3.74 manats, to 2,037.62 manats per ounce on October 5 compared to the price on October 4. The price of silver dropped…
DetailsSeverstal Steel Decisions has sent the first wagon of metal structures to Vorkutaugol. The structures will be used to construct lifting machine premises at the Komsomolskaya mine. In particular, the company has produced metal structures for the frame of the building. The metal structures weighing over 100 tons have been produced at the Orel manufacturing…
DetailsNovgorodsky Iron and Steel Works has carried out a scheduled repair of the main furnace in the copper-smelting shop. The cost of the repair is 2 million rubles. “In May our metallurgists visited Kyshtym Electrolytic Copper Plant to exchange experience on repairs and maintenance of machinery. Having implemented the techniques of our colleagues, we have…
DetailsYakutugol has purchased a new BelAZ 7540V quarry dump truck for the operation at the Kangalasskiy coal pit. The cost of the machine is 12.5 million rubles. The lifting capacity of the dump truck is 30 tons and the maximum speed – 50 km/h. Yakutugol and BelAZ have been cooperating for over 40 years. (Ukrainian…
DetailsIn January-September Ukraine decreased scrap exports by 4.1% YoY, to 307.922 thousand tons, valued at $100.29 million, up by 34%. According to the customs statistics, in September Ukraine exported 7.59 thousand tons of scrap, in August – 19.05 thousand tons, in July – 10.939 thousand tons, in June – 19.359 thousand tons, in May –…
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