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In January Ukraine received $713.29 million from the exports of ferrous metals, down by 27.2% YoY. According to the State Tax Service, ferrous metals accounted for 17.16% of total exports as opposed to 24.11% in January 2019. In December 2019 ferrous metals export revenue totaled $521.764 million. Imports dropped by 19.6%, to $64.61 million ($93.86…
DetailsIn January Ukraine exported 2,865 thousand tons of scrap, down by 8.8% YoY, valued at $795 thousand, down by 15.1%. According to the State Tax Service, in December 2019, 1,270 thousand tons of scrap were exported. At the same time, in January Ukraine imported 392 tons of scrap, down by 89.8%, valued at $446 thousand,…
DetailsIn 2019 Valki-Ilmenite and Mezhdurecensky Mining and Processing Works, parts of Group DF titanium business, increased ilmenite ore output by 13.7% YoY, to 3.2 million tons. Ilmenite concentrate manufacture grew by 7.2%, to 150 thousand tons. Almost 57% were sold to the state enterprise Sumyhimprom, and 43% – exported to Europe. Tax payments increased by…
DetailsIn Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…
DetailsNorilsk Nickel and Russian Platinum have signed an agreement in the framework of the Arctic Palladium joint venture. The agreement to create the joint venture on the basis of Taimyr platinum deposit was signed in February 2018. At that time Interros owner Vladimir Potaniun estimated his investments in the project at 250 billion rubles. In…
DetailsSeverstal-Metiz is commissioning a new site to produce stabilized reinforcement strands. Investments total 400 million rubles. The project aims to increase strand manufacture by 1800 tons per month. Thus, the company capacity will reach some 5 thousand tons of reinforcement strands per month. (Ukrainian metal)
DetailsIn 2019, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 million tons – a record for the entire post-Soviet history of the company. The plant set its previous record for shipments to the domestic market in 2014, with 9.588 million tons. Over the past 25 years, MMK has…
DetailsUkrainian President Volodymyr Zelensky has promised to develop and discuss with the public the plans to reform and modernize coalmines. He stated this at a meeting with employees of the Mezhyrichanska coal mine of the Lvivvuhillia state enterprise in Chervonohrad on February 6. “First there will be plans, then we will discuss them with the…
DetailsThis year Ukraine will fire 28 thousand miners working at state enterprises. “I want to warn Ukrainian miners and trade unions. According to my information, this year some 28 thousand state miners will be fired. This will affect 100 thousand people in related industries”, the head of the Radical Party Oleg Lyashko has declared. The…
DetailsThe department of subsoil use of the Far Eastern Federal District has deregistered the license issued to the Priargunskoye Manufacturing Mining and Chemical Enterprise, a part of ARMZ, on prospecting and extraction of manganese at the Gromovskoye deposit in Zabaikalye region. The license was deregistered on January 31 due to its expiration. The license was…
DetailsSvetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…
DetailsIn 2019 Khabarovsk region set a new historical record of gold output. Thus, last year the region yielded 25.2 tons of gold, up by 1.7% YoY. Last year the mining industry of the region paid 6.8 billion rubles of taxes, up by 13%. (Ukrainian metal)
DetailsThe smelting shop of Kirov Non-Ferrous Metals Processing Works has started modernizing the casting machine of the ILK-1.6 furnace No. 4. The process will be finished until the end of the year. Investments total 8.4 million rubles. The smelting machine will receive a casting machine to produce bulk ingots with the rectangular shape of 300…
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