The Cabinet of Ministers has sent 169 million UAH to clear salary debts to Lisichanskugol and Pervomaiskugol. In December 2019, the Prime Minister Alexei Honcharuk acknowledged salary debts to miners. As of December 12, 2019 they reached 1.072 billion UAH. This year the state budget envisions 3.5 billion UAH to support the coal industry. (Ukrainian…Details
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The centrifugal casting shop of Krasniy Octyabr was commissioned in 1970. On February 2,1970 the furnace No. 3 made the first smelting. The electric arc furnace No. 3 is the only furnace at Krasniy Octyabr producing centrifugal castings and forging ingots. The shop employs some 70 people. (Ukrainian metal)Details
In January Lebedinsky Mining and Processing Works produced the 750-millonth ton of iron ore concentrate with the iron content of 69.5%. The first ton was produced in November 1972, when the first stage of the processing factory was commissioned. At that time its capacity was 7.5 million tons of ore per year. The 700-millionth ton…Details
In 2020 Rusal will spend 5.2 billion rubles to modernize Sayanogorsk and Khakassk Aluminum Plants. The HAZ foundry department and SAZ electrode manufacture will see the largest projects. In particular, a raw aluminum purification system will be installed in the 10-ton ladles at HAZ. SAZ will modernize its anode pelletizing furnaces. The program will be…Details
In January Zaporizhstal produced 399.9 thousand tons of pig iron, 338.3 thousand tons of steel and 292.3 thousand tons of rolled metal. Pig iron manufacture grew by 8.1% YoY. At the same time steel and rolled metal output decreased by 4.5% and by 1.2% respectively. (Ukrainian metal)Details
In November 2019 Russia exported 2.5 thousand tons of titanium, up by 4% MoM and by 7% YoY. Deliveries to the US grew from 703 to 715 tons, while to Germany dropped from 613 to 605 tons. In 11 months of 2019 exports totaled 25.8 thousand tons, down by 1% YoY. In monetary terms exports…Details
The Magnitogorsk Iron and Steel Works board of directors has recommended the shareholders to approve of dividends for Q4 2019 on the level of 1.507 rubles per share. The decision will be taken at the extraordinary meeting. In Q3 2019 dividends totaled 1.65 rubles per share. (Ukrainian metal)Details
In 2019 Uralskaya Kuznitsa increased sales of stampings made of alloyed, heat-resistant and stainless steel, as well as titanium billets. In particular, the sales of alloyed steel stampings grew by 33% YoY, stainless steel stampings – by 70%, heat-resistant stampings – by 24% and titanium billets – by 46%. Last year the company sold 108…Details
Development of placer gold deposits causes great environmental damage, Gamal Soronkulov, field mobilizer of Muras Kyimyly NGO, said at the presentation of the Institute of Environmental Solutions Public Foundation. According to him, at least 158 licenses for development of mineral resources have been issued in Chatkal district alone, and most of them – for gold…Details
In 2019 KAZ Minerals produced 311.4 thousand tons of copper, up by 6% YoY. Gold output grew by 10%, to 201.5 thousand ounces mostly due to high contents in Bozshakol and Bozymchak ores. Aktogay GOK produced 123 thousand tons of copper of sulfide ore, up by 16%, and 22.7 thousand tons of cathode copper of…Details
Tula-Steel has passed an audit for the correspondence to the ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system) standards. The inspection has been carried out by Bureau Veritas Certification specialists. The certificates obtained confirm that Tula-Steel has implemented and is using quality and environment management systems when producing continuous cast billet, section…Details
The board of directors of Chelyabinsk Pipe Plant, or ChelPipe, has approved a new dividend policy, which envisages payments at least twice a year, tied to the net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio as a balancing mechanism for financial sustainability. The company will pay dividends of no less than…Details
The general meetings of the shareholders of Marganets Mining and Processing Works, Pokrovsky Mining and Processing Works, Nikopol Feroalloys Plant and Zaporzhye Ferro Alloy Plant were not held. It was supposed to settle the issue of dividends for 2018 at the meetings. MGOK intended to spend 95% of its net profit for 2018 (UAH 163.19…Details