Starting from 2020 Mauro Longobardo will become the new CEO of ArcelorMittal Kriviy Rih, he has previously chaired ArcelorMittal Tubular Products Jubail. Paramjit Kahlon, current CEO of ArcelorMittal CIS, will work until the end of 2019, and then he will leave the Group. The corporation thanked Mr. Kahlon for his contribution to the development of…Details
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In January-November Ukraine decreased coal output by 6.8% YoY, to 28.412 thousand tons. In particular, coking coal mining grew by 5.3%, to 5.605 million tons, while that of power-generating coal dropped by 9.3%, to 22.8 million tons. Coal enterprises, subordinated to the Ministry of Economy and Energy in 11 months mined 3.343 million tons of…Details
Azovstal has won a lawsuit against the State Fiscal Service valued at 320 million UAH. In particular, the Donetsk district administrative court has satisfied a claim of Azovstal to the Office of large taxpayers and cancelled the decision to decrease VAT reimbursement of 213.4 million UAH and application of a fine of 106.7 million UAH.…Details
President of Kyrgyzstan Sooronbai Jeenbekov has signed a law banning activities related to geological exploration of underground resources with the aim of prospecting, exploration and development of uranium and thorium deposits. Presidential press service reported. The law was adopted by the Parliament of the Kyrgyz Republic on October 31. “The purpose of the law is…Details
According to Ukrmetallurgprom, in December Ukraine will produce 1.25 million tons of pig iron, 1.2 million tons of steel and 1.1 million tons of rolled metal. In December 2018 the respective output volumes amounted to 1.83 million tons, 1.89 million tons and 1.1 million tons. Thus, December 2019 will have the worst result in the…Details
An extraordinary meeting of Yuzhkoks shareholders will select a company to carry out an audit of the company operation in 2019. The meeting is scheduled for December 29. So far two companies have been suggested to the shareholders – Insider Audit Firm LLC and HLB Ukraine LLC. As of Q3, Dashuria Ltd. (Cyprus) owned 94.9565%…Details
A foundry bridge crane with the lifting capacity of 400 tons manufactured by Uralmashzavod has been put into operation at Evraz ZSMK. Before commissioning the crane has been tested with the load of 500 tons. Uralmashzavod intends to strengthen its bridge crane portfolio by producing foundry cranes with the capacity of up to 520 tons.…Details
In late autumn 42,347 square meters of sandwich panels were shipped by ChZPSN-Profnastil to Uzbekistan for the Plasteks textile company. For over 10 years the manufacture has been based in the hamlet of Kirsadok. In 2019 it was decided to completely reconstruct all the premises. Sandwich panels with the thickness of 80 mm made according…Details
The gold-extractor Buryatzoloto will provide its managing company Nordgold Management LLC with a loan of 1.7 billion rubles. The interest rate is 6%. The maturity date is December 12, 2021. Buryatzoloto has an option to claim the funds earlier than that. In January-September Buryatzoloto decreased net profit 8-fold, to 45.43 million rubles. (Ukrainian metal)Details
Altai-Koks, a part of Russian steelmaker Novolipetsk Steel (NLMK), has developed a technology to produce foundry coking coal of 100 millimeters and more, NLMK said in a statement on December 16. “Development of this product will allow the company to extend the sales markets by imports replacement. Producers of heat insulators earlier bought 100 millimeter-class…Details
Last week the price of one ounce of gold decreased by 7.9 manats ($4.6) or by 0.3%. The average price of one ounce of gold stood at 2,491 manats ($1,465). The price of one ounce of silver dropped by 0.42 manats ($0.24) or by 1.4%, to 28.4 manats ($16.7). The price of one ounce of…Details
In January-November Khabarovsk region extracted 23,678.3 kg of gold, up by 2.4% YoY. Ore gold accounted for 19,452.6 kg, up by 2.4%. The increase is due to the output growth at Amur Zoloto LLC (+23.5%), Mnogovershinnoye (+14%) and Okhotskaya Mining and Geological Company LLC (+6.4%). The washing season has been finished with the yield of…Details
The base forecast of coal output for Sakhalin in 2020 presupposes the mining of 10.5 million tons of coal, up by 0.6% YoY. In 2021 the output is expected at the level of 11.6 million tons. A more conservative forecast sees the mining at 10.2 million tons, down by 3.2%. Sales, including exports will reach…Details