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In 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)
DetailsIn 2017 Zaporozhkoks increased net profit 2.9-fold YoY, to 1.058 billion UAH. According to the company statement, the undistributed profit as of last year totaled 2.3556 billion UAH. Current liabilities grew 2.7-fold, to 5.338 billion UAH, while fixed – by 20%, to 219.912 million UAH. The combined debt of the company increased 2.5-fold, to 6.039…
DetailsIn 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons. According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles. Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)
DetailsA criminal case was instituted on the illegal issue of a permit for construction of a factory in the territory of the goldmine plant Makmalzoloto, the press center of the State Committee for National Security reported. The Corruption Control Service of the State Committee for National Security detected a violation of the legislation of the…
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