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In January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
DetailsIn July-September Ukraine drastically decreased exports of steel products to US – 2.6-fold QoQ. According to the Customs Service, the exports totaled 32.1 thousand tons as opposed to 84.1 thousand tons. In August Ukraine exported a mere 2.6 thousand tons to US. The main reason of the decrease was the introduction of a 25% import…
DetailsIn August Russia exported 12.7 thousand tons of corrosion-resistant steel scrap valued at $14 million, down by 42.6% and 33% YoY respectively. In January-August exports grew by 11.8%, to 82.5% YoY, valued at $87.4 million, up by 6.7%. In August the average price was $1090 per ton. 80% accounted for scrap with nickel content of…
DetailsA mining works to process titanium-zirconium ores will be built in Aktyubinsk region. The Martuksky district has the Shokash deposit with the reserves of 9.5 million cubic meters of ore. The ore is currently processed at a pilot factory with the capacity of 120 thousand tons per year. The new works will have the capacity…
DetailsIn January-September PMH increased pig iron manufacture by 2% YoY. In Q3 the growth was 3%. Coke output grew by 7% in 9 months mostly due to the increased demand on export destinations. Coal concentrate decreased because of the drop of available coal for processing. The mine named after Tikhov in Q3 increased output by…
DetailsMagnitogorsk Iron and Steel Works (MMK) has successfully completed the first stage of a large-scale project to implement a unified corporate information system (CIS) based on Oracle R12 for the group’s organizations. The two organizations transferred to MMK’s unified corporate system were United Service Company (which provides a range of maintenance and repair services) and…
DetailsChelyabinsk Iron and Steel Works has started manufacturing a new type of products at its rail and beam mill – uneven angles with the size of 160×100 mm. Such angles are widely used in metal structure construction and manufacture of railroad cars. Uneven angles at ChMK are produced by hot rolling, as such wares have…
DetailsArcelorMittal Kriviy Rih has opened its third metal warehouse in Kyiv region from where it plans to sell some 5-6 thousand tons per month. This is the company’s 11th warehouse. Earlier this year additional sales sites have appeared in Odessa and Dnipro. The capacity of the new site is 10 thousand tons of metal. It…
DetailsLisichanskugol has ordered Skamex LLC the repair of a conveyer for 42.1 million UAH. This year the company has to repair the SP326-50.11.1 conveyer with the length of 210 meters. The agreement presupposes the advance payment of 70%. The guarantee term of the repaired machinery is 1 year. The price of the repair is 14%…
DetailsSince August state mine groups have concluded 4 agreements for the processing of coal valued at 5.94 million UAH. Lisichanskugol ordered processing of 30 thousand tons of coal for 110 UAH per ton (3.3 million UAH) to Coal Power Complex Processing Factory LLC. Pervomaiskugol paid 2.24 million UAH to Obogatitel Industrial Company LLC for 22600…
DetailsIn January-June United Mining and Chemical Company increased its net profit by 42.8% YoY, to 234.859 million UAH. Last year net profit totaled 114.887 million UAH, and net sales income – 3.214 billion UAH. The state enterprise started operating in August 2014, when the government transferred the Irshansk Mining and Processing Works and Volnogorsk Mining…
DetailsUkraine and USA will discuss tariff and non-tariff barriers in trade, as well as cooperation in digital sphere, on November 1. “The negotiations will take up all day. We will discuss various matters, including additional concessions on tariffs, especially in metal industry”, the Ukraine’s trade representative, deputy minister of economy Taras Kachka declared. On March…
DetailsInterpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…
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