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ArcelorMittal Kriviy Rih, the biggest mining and steel plant in Ukraine, summed up the implementation of its investment program for 2019. Last year the company invested $415.4 million in the development of production. Of these, operating costs amounted to $116 million, and capital – to $299.4 million. 2019 was a difficult year for all plants…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.1% QoQ, to 3.45 million tons in October-December 2019, the company said in a statement on January 30. In 2019, production rose by 6.1%, to 13.814 million tons. (Prime/Ukrainian metal)
DetailsThe net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…
DetailsIn 2019 Kyrgyzstan extracted the record-high volume of gold – 26 tons. Silver output dropped by 1%, to 21.8 tons. Companies have 2435 licenses to operate in Kyrgyzstan. In particular, 469 licenses have been issued to develop gold deposits. (Ukrainian metal)
DetailsTajikistan has calculated gold reserves of 40 deposits. The country has 40 operating and 85 promising deposits. At the same time the country has not disclosed the reserves of the 40 deposits due to the secret nature of the information. (Ukrainian metal)
DetailsEvraz NTMK has shipped over 1800 tons of flanged beams for the construction of the Angara space rocket launcher in the Far East. Low-alloyed flanged beams with the size of 200 to 700 mm are used in construction. Shipping started in H2 2019, and would continue until 2022. The construction will be finished in 2023.…
DetailsIn 2019, Kuzbassrazrezugol mined 47 million tons of coal, including 6 million tons of coking coal. The annual output target was adjusted due to the worsening of the global coal market situation, and was reached. Excavation totaled 381.1 million cubic meters of rock, up by 6.3% YoY. 43.9 million tons of coal were sold, down…
DetailsStalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…
DetailsIn 2 years Severstal will spend more than 1 billion rubles to modernize the Cherepovets Iron and Steel Works automobile fleet. According to Severstal Russian Steel CEO Yevgeniy Vinogradov, in 2019, 64 units of automobiles were purchased. This year it is planned to buy 27 units. Special machines will provide for the operation of new…
DetailsIn 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…
DetailsThe Supreme Court has refuted the cassation of the Yuzhniy Mining and Processing Works and supported the decision of the Commercial Court of Dniepropetrovsk region and the Central Commercial Court of Appeals to recover 1.3 billion UAH from the company in favor of Spirit Finance LLC. In September 2017 the UGOK shareholders decided to pay…
DetailsA new shop to produce ultra-thin electrolytic copper foil will be created in Kyshtym. Russian Copper Company will invest some 3 billion rubles in the project. The thickness of the foil will be 9 to 105 micron, and the annual capacity is expected at 1200 tons. The manufacture will start in the first half of…
DetailsIn 2019 Sverdlovsk Railroad transported 314 thousand TEU containers, up by 21.3% YoY. In particular, transportation of ferrous metals grew the most – by 24.5%, to 13.9 thousand containers. The railroad also transported 198 thousand containers with non-ferrous metals, up by 1.9%, 6.4 thousand containers with refractory materials, up by 8.5%, and 5.9 thousand containers…
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