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ArcelorMital Kriviy Rih has constructed an underground service station for its mine transport at the depth of 1,135 meters. Now the repair and maintenance of mine transport, electric locomotives and trolleys will be carried out in an up-to-date underground depot. Previously, all the repair and maintenance checks of mine transport at the 1,135 horizon were…
DetailsHMS Bergbau AG intends to invest $700 million in lithium extraction in the east of Kazakhstan. The company has bought 51% in a Kazakhstani company. So far, the company plans to extract lithium, while the manufacture of lithium-ion batteries will depend on reserves. (Ukrainian metal)
DetailsThe Supreme Court of Uzbekistan has excluded two Cyprus offshore companies – Metalloinvest Holding (Cyprus) Limited (41.87%) and Miramonte Investments Limited (8.23%) – from the list of the Tashkent Iron and Steel Works founders. Both of them belong to the Russian oligarch Alisher Usmanov and had a controlling stake between them. The Fund of Reconstruction…
DetailsUkrlitiyvydobuvannya had two options to extract lithium-containing ore in Kirovohrad region: either at a quarry or in a mine. “We have stopped on the mine method, as the environment component is important for us. We want to be esg-friendly,” Denis Alyoshin, the company strategic development director, has said. According to him, Ukraine is not a…
DetailsThe Cabinet of Ministers has appointed Igor Bugayov the interim CEO of the state enterprise Vostochniy Mining and Processing Works. Bugayov is currently the first deputy CEO. He has many years of experience of working in nuclear and mining spheres, in particular, at managing roles in Energoatom. VostGOK is the only producer of uranium ore…
DetailsIn January-March, Interpipe increased net profit 2.6-fold YoY, to $57.142 million. Profit before taxes was $74.448 million, up from $29.202 million last year. EBITDA totaled $79.427 million, as opposed to $15.139 million in Q1 2022. At the same time, sales revenue decreased by 4%, to $229.291 million. (Ukrainian metal)
DetailsIn January 2022, before the Russian large-scale invasion, salaries at the enterprises of the mining and metallurgical complex were 22.14 thousand UAH. In May, salaries were at the level of 22.13 thousand UAH. Thus, nominal salary has actually reached the pre-war level. At the same time, salaries in the mining and metallurgical complex exceed the…
DetailsIn January-June, Zaporizhstal increased rolled metal manufacture by 1.8% YoY, to 844.2 thousand tons. Steel output grew by 10.5%, to 1.018 million tons, and pig iron – by 1.1%, to 1.145 million tons. In June, Zaporizhstal produced 131.9 thousand tons of pig iron (72.8 thousand tons in June 2022), 159.4 thousand tons of steel (69.6…
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