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In 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…
DetailsArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…
DetailsThe increase of prices at which some coal companies of Donetsk region buy equipment and food is being investigated by the Ministry of energy and coal industry group. In particular, Selidovugol bought mineral water at 588 UAH per liter, meat at 3999 UAH per kg and sunflower oil at 1999 UAH per liter. After this…
DetailsThe Ministry of energy and coal industry fulfills its obligations to the miners. In particular, the issue with the coal sales has been settled. Two blocks of the Zmiyev TPP will be put into operation in March-May, which will increase coal purchases. According to the energy minister Igor Nasalik, all the purchasing procedures in the…
DetailsTo receive financing for the planned modernization of mines the Lviv regional state administration together with Lvivugol will work out a plan. The modernization will increase coal output. According to the regional governor Oleg Sinyutka, the coal industry reorganization is the priority matter for the region in 2017. Another important issue is the safety of…
DetailsGold and silver output exceeded the KAZ Minerals expectations in 2016. “Copper cathodes output increased by 73% YoY. We’ve been increasing output at Bozshakol GOK and will continue this trend in 2017 as the works reaches is project capacity, as well as the copper concentrate is produced at Aktogay”, the KAZ Minerals chairman Oleg Novachuk…
DetailsIn 2016 Kazakhstan produced 325.5 thousand tons of raw zinc, up by 0.5% YoY. The local demand increased by one third, to 38.7 thousand tons, while exports dropped by 3.2% YoY, to 259.4 thousand tons. The East-Kazakhstan region yielded the most of raw zinc – 325.4 thousand tons. Karaganda region produced 66 tons. The Kazakh…
DetailsInvestments into the Sukhoi Log gold deposit are estimated at 100 billion rubles, with the precious metal yield at 60 tons per year. “Sukhoi Log has the largest deposits of gold in Russia. 56-60 tons of gold could be mined there. Now Irkutsk region yields 22 tons of gold, that is the 6th result across…
DetailsMine named after Matrosov, a part of Polyus, has started assembly works at the new factory of the Natalka gold deposits in Magadan region. The test of the complex will begin in summer. The mine will start working in late 2017. That’s when the company will receive the first gold. This year the output will…
DetailsUkraine cannot do without the coal from the Russia-supported terrorist-occupied territories of Donbass. “As to the matter of trade with the occupied territories, well, trade is not a correct wording. There are things that are vital for our economy. For example, our power grid needs coal”, the Security Service of Ukraine chairman Vasily Hrytsak said.…
DetailsCorum Druzhkivka Machine Building Plant (Donetsk region) has started the implementation of the contract to manufacture 100 1KD90 support units of special design for the Heroiv Kosmosa mine of the country’s largest coal mining company DTEK Pavlogradugol. The press service of Corum Group, which includes Druzhkivka engineering plant, said it was planned to ship the…
DetailsThe State Committee for Industry, Energy and Subsoil Use has canceled a tender for the gold deposit because of the fact that it is located in a natural reserve, the press service of the committee reported. A violation of the law was revealed in preparation for the auction. The field is located on the territory…
DetailsRussia has submitted a claim against E.U. antidumping duties on cold-rolled steel to the World Trade Organization (WTO), according to a statement of the Economic Development Ministry. “The Russian Federation sent a request on consultations with the E.U. on January 27, under a procedure of WTO disputes settlement in connection with an E.U. antidumping measure…
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