Poltava Mining and Processing Works plans to invest some $50 million into development. In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)Details
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AzovElectroStal has reelected Alexei Popov the general manager of the company. According to the company statement, his office has been prolonged from July 14 for a year. On July 9, AzovElectroStal has dismissed Yuri Serdyuk from the office of the general manager. Previously Popov worked as the finance director deputy, chief economist of Azovmash. In…Details
Rusal, one of the world’s largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release. The cost of the transaction amounts to $299 million. The deal is undertaken within the program of Rusal’s…Details
Since July 19, the throughput of the Kamysh-Zarya railroad route has dropped from 14 cargo trains per day to 9. “The reason isn’t something new – the lack of fuel”, said the Azovstal CEO Enver Tsikishvili. The works has to help railroad again – it provided 33 tons of fuel. “But that will be enough…Details
If the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs. “We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output,…Details
Two of the 4 working electricity lines, feeding Avdiivka and the Avdiivka Coke and Chemical Works, were damaged by shelling. “The city is left without light and water, we’re working at lowest capacities”, said the company CEO Musa Magomedov. DTEK energy engineers asked the military to provide them with the green corridor to make repairs.…Details
In April-June Evraz Sukhaya Balka renewed iron ore mining after the halt in Q1 due to the low demand. In Q2 bulk ore output at the works went up by 49.1% QoQ, to 782 thousand tons, though it decreased in H1 by 6.2%, to 1.3 million tons. According to the company statement, in H1 iron…Details
Metinvest CEO Yuri Ryzhenkov believes in 2016 domestic metal market will grow by 10% YoY. “Last year Ukraine saw the lowest metal consumption results in its newest history. So far the economy is idle: there is no increase in construction, or in machine-building. And these are our main metal-consuming industries”, he added. (Ukrainian metal)Details
In April-June Evraz Dneprovsky Iron and Steel Works increased metal and coke output. According to the company statement, this has to do with the demand increase. Semi-finished products output decreased by 2.8% QoQ, to 130 thousand tons, while section steel manufacture went up by 20.3% QoQ, to 94 thousand tons. Carbon steel smelting in April-June…Details
Manufacturing results of July for the Ukrainian mining and metal industry will depend on the normal work of the railroad and the provision of coke and raw materials. Ukrmetallurgprom wasn’t able to forecast output results for August, but it believed that in July Ukraine would produce 2.1 million tons of pig iron, 2.2 million tons…Details
Half Ukraine’s thermal power plants get coal from mines, and the state now owns only 35 of them, and their number could drop to 7. “What the energy minister Nasalik says, differs from the real situation. Ukraine owns only 35 mines. If it retains control over 7 of them, 28 would leave the state ownership,…Details