The Miners Union of Ukraine has applied to the International Labor Organization, a part of UN, with the complaint on the breach of their rights due to the non-payment of salary. According to the Independent Miners Union chairman Mikhail Volynets, the salary debts to miners are growing. So far the debt amounts to 1 billion…Details
Obukhovskoye Mine Group, Rostov region, a part of Ukrainian DTEK, has suspended coalmining following an explosion. According to preliminary information, during the preparation for the explosion works at the long face No. 501, blast-hole charges detonated. There is no information on the collapse of the mine, but 5 miners were injured and one perished as…Details
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…Details
Ukraine’s imports of nickel ore and concentrate in January-July increased by 13.4% YoY, 891,670 metric tons from 786,140 metric tons, the State Customs Service said. The value of imports of nickel ore and concentrate rose to $43.6 million from $38.4 million in January-July 2017, S&P Global Platts said. Over January through June, Ukraine received 71%…Details
Uzbekistan intends to expand the supply of uranium concentrate to India in the near future, Deputy Prime Minister of Uzbekistan Sukhrob Kholmuradov said opening the meeting of the eleventh Uzbek-Indian intergovernmental commission. Uzbekistan is also ready to expand direct supplies of non-ferrous and rare-earth metals, cable and wire products. Kholmuradov stressed that the parties had…Details
Jersey-registered Russian aluminum giant UC RUSAL, hit by the U.S. sanctions, is considering changing its jurisdiction and becoming a resident of one of the country’s special administrative regions, the company said on August 17. “The board of directors decided that such a change of registration would on the whole serve the best interests of the…Details
The prices of precious metals increased in Azerbaijan on August 17, according to the data published by the Central Bank. The price of gold increased by 4.7005 manats, to 2,000.373 manats per ounce on August 17 compared to the price on August 16. The price of silver went up by 0.2404 manats, to 24.9162 manats…Details
The volume of industrial production in Kazakhstan increased by 5.1% in January-July, the Chairman of the Committee for Industrial Development and Industrial Safety of the Ministry of Investment and Development (MID) of the Republic of Kazakhstan Almas Batanov said at a briefing. “At the end of the first seven months of 2018, the volume of…Details
In January-June Belarus Iron and Steel Works decreased air pollution by 8%, or by 347 tons YoY.
Soon the company will begin reconstruction of the aspiration units Nos. 2 and 3.
Last year the company took 12 environment-related measures.
This year it is planned to take 19 measures valued at $225 thousand. (Ukrainian metal)
In January-July Russia produced 3.3 million tons of steel structures, up by 1.3% YoY.
According to the Federal Service of State Statistics, July output grew by 2.7% YoY, but dropped by 5.4% MoM.
Aluminum structures manufacture in 7 months totaled 34 thousand tons, down by 2.5% YoY. (Ukrainian metal)
The assets of the Revyakinsky Iron and Steel Works in Tula region are being arrested.
According to the local media, the enterprise is being raided.
Sources say the situation will not affect the works employees. (Ukrainian metal)
In Q2 TMK received $1.355 billion, up by 6% QoQ.
Revenue in H1 grew by 28% YoY, to $2.628 billion.
EBITDA in Q2 increased by 23% QoQ, to $197 million and by 30%, to $357 million in H1.
The company net debt as of June 30 totaled $2.715 billion. (Ukrainian metal)
In January-July Russia produced 36.5 million tons of rolled metal, up by 3.5% YoY. In July output grew by 4.6% MoM and by 5.1% YoY. According to the Federal Service of State Statistics, pig iron manufacture grew by 1%, to 30.4 million tons, with July output up by 4.2% YoY and by 4.5% MoM. Pipe…Details
An accident happened at the Severniy Mining and Processing Works – in the Pervomaysk quarry an electric tower transporter overturned.
As the result of the accident one of the employees received damages.
On July 27 two women-painters perished in the collapse of an elevated work platform. (Ukrainian metal)
Coal Energy S.A. in July mined 10.536 thousand tons of coal.
This was down by 1.8% YoY and by 13.3% MoM.
Coal Energy unites 10 coalmines, as well as other assets.
The company business suffered considerably because of the military activities in Donbass. (Ukrainian metal)
The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…Details
PJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…Details
In January-July Zaporozhye Ferro Alloys Plant decreased output by 7.9% YoY, to 143.5 thousand tons.
In particular, silicomanganese manufacture dropped by 3.4%, to 70.62 thousand tons, ferrosilicon – by 14.5%, to 46.28 thousand tons and ferromanganese – by 6.9%, to 22.14 thousand tons.
Metallurgical manganese output fell by 9%, to 4.46 thousand tons. (Ukrainian metal)
In April-June Tulachermet received 2.03 billion rubles of net profit, up from 434 million rubles in Q1. Consolidated net profit in H1 exceeded 2.46 billion rubles, as opposed to the net loss of 896 million rubles in H1 2017. Revenue in 6 months reached 29.07 billion rubles, up by 24% YoY. In Q2 the company…Details
In January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY.
Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1.
Revenue in H1 reached 21.44 billion rubles, up by 16% YoY.
In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)
In April-June the Electrostal Metallurgical Works received net profit of 54.7 million rubles as opposed to 562 million rubles of net losses in Q1. Still, in half a year the company saw the net loss of 507.06 million rubles (158 million rubles of net profit in H1 2017). Revenue in 6 months dropped by 6%…Details
As of August 1, Magadan region yielded 18905 kg of gold and 417.4 tons of silver. Gold output increased by 3008.6 kg YoY, with silver output up by 12.7 tons. Tenkinskiy town district was the leader in ore gold output (6678.4 kg), with Susuman town district leading in alluvial gold manufacture (3196.6 kg). Alluvial gold…Details
In January-July Nikopol Ferroalloy Plant increased output by 8.6% YoY, to 469.88 thousand tons.
In particular, silicomanganese manufacture grew by 14.6%, to 442.73 thousand tons, but ferromanganese production fell by 54.7%, to 20.85 thousand tons.
The output of other ferroalloys grew 18-fold, to 6.3 thousand tons. (Ukrainian metal)
In January-July Ferrexpo produced 6.007 million tons of pellets, up by 2% YoY. At the same time concentrate output dropped by 2.1%, to 7.244 million tons. In July the company produced 912 thousand tons of pellets and 1.085 million tons of concentrate. In Q2 Ferrexpo was carrying out repairs of the pellets line No. 1,…Details