DTEK Geroyev Kosmosa Mine Group has extracted 4 million tons of coal. Blagodatnaya and Geroyev Kosmosa mines ship the fuel to Ukrainian thermal power plants that fire thermal coal and generate electricity for hundreds of thousands of Ukrainian households. Geroyev Kosmosa Mine Group leads the country’s coal production. The miners have hit the mark of 4…
DetailsIn 2015-2016 Ukraine hasn’t spent anything on industrial safety at state-run coalmines. The 2017-budget doesn’t stipulate any money either. “Mining output decreases, while accidents at mine increase. This year saw twice as much miners killed than last year”, the Independent Miners Union chairman Mikhail Volynets said. In early October supplies of self-rescuers to state mines…
DetailsYasinovskaya-Glubokaya mine of the state enterprise Makeevugol will merge with Severnaya mine. The director of the former becomes the director of the latter. It’s unclear what becomes with the Severnaya director. All miners will remain employed. (Ukrainian metal)
DetailsMariupol Ilyich Iron and Steel Works has found a way to increase productivity of its continuous-casting machines No. 1 and 2. While producing slabs the company has to adjust their width according to the order. So it has to disassemble bolt joints of collectors, where the slabs are cooled. Due to the aggressive environment –…
DetailsRussia’s Magnitogorsk Iron and Steel Works (MMK) plans to accumulate about $500 million in cash after its debt diminishes to $230 million in 2017 from the current $520 million, Andrei Yeryomin, the company’s director for economy, said. “This year the bulk of our free cash flow was allocated for debt redemption. After the debt has…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 463 491 September 441 451 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsIn January-September Russian Copper Company produced 127.6 thousand tons of copper cathodes, up from 103.7 thousand tons YoY, and 115.8 thousand tons of copper concentrate (up from 111.9 thousand tons). Precious metals output went up as well: 2221 kg of gold ingots against 2049 kg and 53189 kg of silver ingots against 46607 kg. According…
DetailsIn January-September Electrozinc (a part of UGMK) sold 3.9 billion rubles worth of products, up by 6.1% YoY. The net profits totaled 365 million rubles, up by 253 million rubles. Investments reached 132 million rubles. In January-September the company produced 49.6 thousand tons of zinc and 81.1 thousand tons of sulfuric acid, up by 18%…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 407 587 384 384 September 372 587 318 421 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsUkraine’s Prime Minister Volodymyr Groysman says that in the state budget for 2017 the government sets 1.8 billion UAH for mine restructuring and salary payments. He also supports the construction of Novovolynskaya No.10 mine. “If we can finish construction with 200-300 million UAH, let’s do it. This issue is very important”, he said. (Ukrainian metal)
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