“We propose to create a working group by a government’s decision that will hold negotiations on Jerooy,” Duishonbek Kamchybekov, Deputy Chairman of the Association of Miners, said at a press conference. According to him, Jerooy is the second deposit after Kumtor in terms of proved gold reserves. In addition to what the company has paid…
DetailsThe government has postponed from January 1 to April 1, 2020 the implementation of the scrap exports only via stock exchanges. At the same time the quota on the export of metals will expire on December 31 and will not be prolonged. The officials believe the exchange trade will improve transparency of the scrap market.…
DetailsIn January-August Russia exported 28.057 million tons of ferrous metals, down by 9% YoY. The export of ferrous metals, not counting pig iron, ferroalloys, wastes and scrap, totaled 18.239 million tons, down by 10.4% YoY. Sales of carbon steel semi-finished products decreased by 8.4%, to 9.775 million tons, and flat carbon steel – by 14.2%,…
DetailsArcelorMittal Kriviy Rih has started commissioning the turboblower No. 15. Investments in the project totaled 200 million UAH. The turboblowers provide the largest blast furnace No. 9 (manufactures 50% of the company pig iron) with cold air. The blast furnace complex modernization is scheduled for 2021. As a result, pig iron output will increase to…
DetailsZaporozhkoks and the Tax Service are trying to amicably settle the issue of tax fines. On August 28 Zaporozhye district administrative court opened a case, as Zaporozhkoks asked to cancel a number of Tax Service decisions. In particular, the Tax Service demands the increase of VAT tax payments by 247.1 million UAH, including 82.4 million…
DetailsLugansk region miners have announced a strike and refuse to go underground until their salary debts are cleared. On October 8 employees of the Novodruzhevskaya mine, a part of Lisichanskugol, stopped extracting coal. The salary debt to them amounts to 120 million UAH. The employees of the nearby mine named after Kapustin have warned the…
DetailsDnipro River Port has transshipped a batch of Turkish galvanized coils. “On October 7 the port started unloading steel coils from the Nefterudovoz-46M. The ship has brought 2.5 thousand tons of high-quality galvanized steel coils from Turkey”, the port authority reported. The coils are transported from the ship directly to the trucks. (Ukrainian metal)
DetailsThe Antimonopoly Committee of Ukraine has started reviewing the case on the purchase by Vesco Limited of Chasov Yar Refractory Works shares (Donetsk region). As a result of the purchase the company will accumulate more than 50% of shares. As of Q2, Zaporizhstal owned 24.99% of Chasov Yar Works shares. And the rest belonged to…
DetailsIn January-September Dalpolymetal mined 720.4 thousand tons of ore, up by 15.6% YoY. Processing volumes grew by 20.1%, to 732.2 thousand tons. Until the end of the year the company intends to have processed 1 million tons. Manufacture of lead concentrate totaled 12.78 thousand tons, up by 7.3% YoY, and zinc concentrate – 29.24 thousand…
DetailsIn January-September Ukraine exported 40.63 thousand tons of scrap, down 7.6-fold YoY, valued at $11.27 million, down 8.9-fold. According to the State Fiscal Service, in September Ukraine exported 3.55 thousand tons of scrap, in August – 155 tons, in July – 204 tons, in June – 208 tons, in May – 8.09 thousand tons, in…
DetailsDneprometiz intends to launch the manufacture of high-quality galvanized steel wire. In particular, the company will reconstruct the existing wire shop. The annual capacity of the shop will be 24 thousand tons of galvanized wire with the diameter of 0.8 to 9 mm. Dneprometiz is already operating two hot dip-galvanizing machines for wire with the…
DetailsIn January-September Ukraine decreased ferrous metals exports by 10,3% YoY, to $6.937 billion. According to the State Fiscal Service, ferrous metals accounted for 18.7% of exports as opposed to 22.39% in 9 months of 2018. In September Ukraine earned $637.088 million on ferrous metals exports. In 9 months corresponding imports decreased by 5%, to $963.818…
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