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Lvivugol miners gathered at the Lviv regional state administration demanding their salary debts for August valued at 78 million UAH to be cleared. According to the first deputy head of the Lviv regional state administration Rostislav Zamlinsky, the Ministry of energy and coal industry promised to pay 30% of the salary on October 10. The…
DetailsThe Russia-supported militants of the so-called Makeevka administration report that as the result of the “shelling” Scheglovskaya-Glubokaya mine is left without electricity, three schools and a kindergarten are damaged. 163 miners have been evacuated. There were no casualties. On the other hand, according to other officials on the separatist territory, it was not shelling, but…
DetailsIn January-September Electrostal produced 233798 tons of continuous cast billet, down by 13.6% YoY. According to the company statement, in September it produced 22039 tons of billets, up from 13850 tons in August. The company exports most of its products. In particular, in September it exported 20632 tons of billets. In January and most of…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 425 687 406 431 August 395 661 376 398 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsRussian metals giant Norilsk Nickel plans to spend over 18 billion rubles to introduce a new technology of nickel refining at its unit Kola Mining and Metallurgical Company in the Murmansk region, Norilsk Nickel said in a statement. The project will allow the company to reduce operating expenditures and metals losses in the production process…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 17 20 20 25 August 18 22 17 23 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn September Zaporozhogneupor increased molded refractories output by 4% YoY. According to the company statement, it produced 8132 tons of molded refractories, including 3920 tons of chamotte wares, 3582 tons of magnesia wares, 629 of high-aluminous wares, as well as 5767 tons of chamotte-kiln wares. In January-September the works produced 34040 tons of chamotte wares,…
DetailsRussian precious metals producer Polymetal International may not pay special dividends in 2016 because of unfavorable market conditions, CEO Vitaly Nesis said. “As we’ve already said, the dividends will largely depend on dynamics of gold prices in the fourth quarter. The period’s cash flow will define the amount of free cash for special dividends. The…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 427 718 418 418 August 384 718 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsThe Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…
DetailsStarting with October 1, Metinvest has increased salary at its companies, even those in the Antiterrorist operation zone, on average by 5%. This is the second increase of wages this year. “All in all, this year the salary has increased by 15%. The most prominent employees will have their wages increased by 30%”, said the…
DetailsThe miners of the state enterprise Selidovugol continue their struggle for their mines, decent labor conditions and salary. Now they have remembered 52 million tons of coal reserves, that the son of the ex-president Victor Yanukovich – Alexander – illegally took back in 2012. The Independent Miners Union has addressed the minister of energy and…
DetailsPJSC “MMC “Norilsk Nickel” has signed of a 5-year $500 million committed revolving back-stop credit facility (RCF) with a syndicate of international banks. Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank are acting as Mandated Lead Arrangers and Bookrunners. UniCredit Bank AG (London Branch) was appointed as Facility…
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