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Norway’s aluminum maker Norsk Hydro may declared force majeure on some contracts with Russian aluminum giant UC RUSAL recently hit by U.S. sanctions, Norsk Hydro said in a statement. The company has notified RUSAL “it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations…
DetailsThe state enterprises Selidovugol and Mirnogradugol have ordered the Donenergoexport LLC the delivery of mine sections at 4.2 million UAH and 3.87 million UAH respectively. In particular, Selidovugol ordered 105 tons of SVP-27 sections at 40 thousand UAH per ton, and Mirnogradugol – 100 tons at 38.76 UAH per ton. Had Selidovugol reached the Mirnogradugol…
DetailsIn January-March Seligdar mined 238 kg of gold, up 2.5-fold YoY. Ryabinovoye LLC was the leader in gold mining: its output in Yakutia grew 2.3-fold, to 178 kg. The Podgolechnoye deposit yielded 28 kg of gold, with 4 kg more produced by Nizhneyakokitsky Mining Works. Sininda-1 mined 9 thousand tons of ore, but had not…
DetailsIn 2019 the Bakyrchik Mining Enterprise LLC, a part of Polymetal, intends to reach the full capacity and yield up to 10.5 tons of gold per year at the Bakyrchik deposits. The factory will be put into operation in 2 months. Investments in the construction totaled $322 million. (Ukrainian metal)
DetailsThe state enterprise Regional Power Grid has cut electricity supplies to the mines of Mirnogradugol, Selidovugol, Lisichanskugol, Pervomayskugol and Toretskugol. According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, state mines of Chervonograd and Volyn were also left without electricity. At present the union is taking actions to restore power supply…
DetailsIn January-March MMK sold 2.828 million tons of metal, up by 10.5% YoY. The share of the high added value products reached 47.6%, or 1.345 million tons (+10.3%). Sales to domestic market increased by 16.5%, to 2.225 million tons, or 78.6%. The company produced 2.4 million tons of pig iron and 3.147 million tons of…
DetailsIn 2017 Zaporozhye Aluminum Works decreased net losses 2.9-fold YoY, to 279.486 million UAH. According to the company statement, its EBITDA also grew 2.9-fold, to 282.663 million UAH. Net income increased 5.1-fold, to 31.891 million UAH. The overdue debt last year totaled 7.01 billion UAH. The company produced 53.38 tons of aluminum wire rod and…
DetailsThe Individual Deposit Guarantee Fund has signed an agreement to sell Donetskstal assets. According to the fund statement, the assets include the building of a cinema, a culture house and the manufacturing machinery, pledged to the now bankrupt Delta-bank. The lot was sold for 331 million UAH. (Ukrainian metal)
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