In 2020, Avdiivka Metal Structures Works increased its net losses 2-fold YoY, to 225.51 million UAH. Uncovered losses reached 1.001 billion UAH. Accounts receivable decreased by 18.3%, to 29.182 million UAH, while current liabilities grew by 20.3%, to 1.266 billion UAH. The enterprise was created in 1946. The company statutory capital is 431.18 thousand UAH.…Details
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In January-February, Ukraine exported 7.085 million tons of iron ore raw materials, down by 2% YoY. According to the State Customs Service, in monetary terms exports increased by 92.9%, to $1.073 billion. The main customers were China (40.38% in monetary terms), Germany (10.23%) and Poland (9.47%). In 2 months, Ukraine imported 1.053 thousand tons of…Details
Interpipe has concluded a long-term contract with INVEHO UFO, France for the delivery of railroad carriage wheel pairs. The company has to produce 1530 ULT-25 wheel pairs until September 2022. The pairs will be used to build new cargo carriages. The ULT-25 wheel pairs have been designed by Interpipe specifically for the European railroad. (Ukrainian…Details
In January-February, Ukraine exported 30.189 thousand tons of ferrous scrap valued at $10.087 million, up 2.8-fold and 3.7-fold YoY respectively. According to the State Customs Service, imports grew by 95.6%, to 3.132 thousand tons valued at $5.179 million, up 2.6-fold. The main suppliers were Turkey (63.35% in monetary terms), Russia (27.77%) and the USA (7.86%),…Details
Two companies want to supply 93 thousand tons of metal slag to Vostochniy Mining and Processing Works. Polinez LLC and Avtocom-2005 Plus PP were admitted to the trade scheduled for March 11. Slag has to be supplied until the end of the year. The expected cost is 36 million UAH. Last year, VostGOK bought 106…Details
5 employees of Severniy Mining and Processing Works have been injured during a road accident on the territory of the enterprise. A truck, transporting shift employees, has collided with a cargo train. Three people have been taken to the city hospital No. 2. According to preliminary data, the accident occurred due to the failure of…Details
The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting. The combined cost of the three tenders is 866 million rubles. Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are…Details
Muruntau, located in Navoi region, has been affirmed as the world’s biggest mine, according to a rating compiled by the Kitco analytical center. When compiling the list, experts used official data from companies and rough estimates of mines that kept their data confidential. “The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine…Details
Severniy Mining and Processing Works is carrying out energy-saving projects. New techniques allow decreasing electricity expenses and the prime cost. In order to decrease energy carries expenses in shops, SevGOK uses modern electric equipment and lamps. Large-scale projects to replace lamps have been finished at two crushing and processing factories, as well as in the…Details
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)Details
In February, industrial prices in Kazakhstan increased by 3.1% YoY. According to the Bureau of the National Statistics, in particular, prices of metallic ores grew by 0.9%. In processing industry the prices of ferrous rolled metal increased by 4.4%, copper – by 2.6%, ferroalloys – by 0.5%, aluminum and lead – by 0.6% and zinc…Details
Centravis has agreed with Ukreximbank to take a loan of 35 million euros for 5 years. The company intends to spend the funds to produce new types of seamless pipes, implement environment and energy-saving techniques as well as further modernize its manufacture. Centravis plans to invest at least 7 million euros in the development of…Details
In January-February, Ukraine procured 639.2 thousand tons of scrap, up by 49.2% YoY. The increase is due to high prices. Scrap deliveries to metal companies grew by 45.7%, to 578.6 thousand tons. Scrap stocks are estimated at 250 thousand tons. Exports amounted to 30.2 thousand tons, up by 300%, while imports increased from 1.6 thousand…Details