Russia: HGM gold output down in Q1 2018

In January-March Highland Gold Mining Limited obtained 59.31 thousand ounces of gold and gold equivalent, down by 9% YoY. This year the company intends to yield 265-275 thousand ounces of gold equivalent. Average gold price in Q1 was $1329 per ounce. Last year gold output at HGM enterprises grew by 4.3% YoY, to 272.3 thousand…

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Ukraine: ferrous metals export revenue up in January-April 2018

In January-April Ukraine increased ferrous metals export revenue by 32.1% YoY, to $3.49 billion. According to the State Fiscal Service, ferrous metals accounted for 22.57% of the total export earnings as opposed to 19.26% in January-April 2017. In particular, in April ferrous metals export revenue totaled $904.1 million. In January-April Ukraine imported $385.37 million worth…

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Ukraine: coal imports up in January-April 2018

In January-April Ukraine imported 7.437 million tons of coal valued at $1.004 billion, up by 53.9% and by 30.3% YoY respectively. According to the State Fiscal Service, Russia supplied $643.58 million worth of coal (64.08% in the total imports), USA – $288.411 million (28.72%), Canada – $48.365 million (4.82%), and other countries – $24.003 million…

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Russia: Severstal to supply 170 thousand tons of metal to household appliances makers

This year Severstal intends to supply over 170 thousand tons of metal to the manufacturers of refrigerators, washing machines, gas ovens and industrial packaging. The deliveries will be carried out within contracts signed with enterprises both in Russia and the nearby foreign countries. For the packaging producers Severstal manufactures cold-rolled metal with improved strength characteristics.…

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Ukraine: AMKR agreement on reconciliation commission for settling collective labor dispute signed

Following almost 26 hours of discussion, the representatives of the employer PJSC ArcelorMittal Kriviy Rih and labor collective, despite of disagreements, reached an agreement to create reconciliation commission for settling collective labor dispute, which was registered earlier with the order of National Mediation and Conciliation Service in Dnipropetrovsk region. The parties have agreed to delegate…

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Ukraine: DMK increasing salary

Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, is increasing the salary of its employees by 25-30%.

According to the company statement, the salary increase follows the order of the CEO Alexander Podkorytov.

From April 1 the salary has been increased by 23%. (Ukrainian metal)

Russia: EZOCM awaiting Schmidt wire machine

Within the program of major machinery modernization Yekaterinburg Non-Ferrous Metals Processing Works is expecting the delivery of the Schmidt drawing machine for wire manufacture. “The machine absolutely meets the requirements of our company. It is much up-to-date than its analogues, used in our drawing manufacture now. Because of that the highest quality of products is…

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