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AzerGold CJSC will ensure geological exploration in the Goygol region of Azerbaijan, as President Ilham Aliyev has signed a decree on amending the State Program for the Geological Study of the Subsoil and the Efficient Use of the Mineral Resource Base for 2020-2024. Thus, AzerGold CJSC, together with the Ministry of Ecology and Natural Resources,…
DetailsThe Yuzhniy Mining and Processing Works has purchased special New Zealand equipment for the quality department. Metinvest investments in the laboratory modernization amounted to 1.3 million UAH. The Boyd Elite RSD jaw crusher uses ore samples from various excavators and reloading sites of the Pervomayskiy and Gannovskiy quarries, as well as ore-processing factory No. 1.…
DetailsSince February 24, the Metinvest Group has spent UAH 1.176 billion on projects of aid to Ukraine. The main task of the humanitarian initiative was the purchase and delivery of humanitarian cargo, in particular, food from Europe to Ukraine. In 2 months, almost 30 thousand people received this aid. Thanks to charitable contributions from almost…
DetailsArcelorMittal has temporarily suspended all investment projects at ArcelorMittal Kriviy Rih, in particular, construction of the pelletizing factory with the capacity of 5 million tons per year. According to the company Q1 report, investment projects in Ukraine valued at $200 million are suspended. Funds intended for the AMKR will be redistributed to the renewable energy…
DetailsFollowing another shelling of Kramatorsk by Russian marauding troops, Energomashspetsstal has been heavily damaged. Russian missiles hit one of the most important shops for the company operation – the electric steel smelting shop. According to the company president Maksim Yefimov, the shop was seriously damaged. Since the start of the Russian invasion in Ukraine, EMSS…
DetailsKametstal will shut down one of its three blast furnaces for capital repairs. The company operates at a 100% capacity. “We are provided with orders. There are problems with logistics, but we are solving them. We planned to carry out the repair back in April, but then decided to produce more,” the company CEO Dmitriy…
DetailsInterpipe has provided equipment for 470 of its mobilized employees. Since the start of the Russian invasion, a corporate volunteer headquarters has been operating at Interpipe, the main task of which is to support the mobilized employees. 760 Interpipe employees defend Ukraine as part of the Army and the territorial defense. 580 of them were…
Details156 people have been evacuated from Azovstal to Zaporozhye. Yet, hundreds of civilians remain blocked at the plant. Metinvest will provide for the necessary help for those evacuated from its Mariupol plant. “156 people stayed in the Azovstal shelters for almost 2 months. They say, that hundreds of people remain there, mostly women and children.…
DetailsOn May 3, Russian marauding troops shelled a bus with Avdiivka Coke and Chemical Works employees. As a result of the direct hit, 10 employees perished and 20 received serious wounds. All the wounded have been delivered to the Avdiivka Town Hospital. (Ukrainian metal)
DetailsIn April, Yuzhniy Mining and Processing Works decreased iron ore concentrate production by 22.9% MoM, to 316.9 thousand tons. In April 2021, output totaled 1.03 million tons. Some concentrate was shipped to Zaporizhstal. There are no opportunities to ship raw materials to Asia and North Africa. In January-April, UGOK produced 3.1 million tons of concentrate,…
DetailsIn January-March, Marganets Mining and Processing Works increased net losses 16.6-fold, to 159.87 million UAH. Net income grew 2.4-fold, to 865.275 million UAH. Undistributed profit amounted to 451.143 million UAH. Capital investments totaled 370.943 million UAH. (Ukrainian metal)
DetailsIn January-April, scrap procurement in Ukraine decreased by 50.4% YoY, to 620.1 thousand tons. Domestic deliveries to metal plants dropped by 47.1%, to 583.5 thousand tons. Exports fell more than 12-fold, to 7.1 thousand tons. Imports collapsed 78-fold, to 0.1 thousand tons. (Ukrainian metal)
DetailsIn April, Zaporizhstal produced 68 thousand tons of pig iron after a forced delay in March. Now the company is mastering the manufacture of a new product – metal sheet for construction industry. When the war is over, this product will be needed to restore the city infrastructure. (Ukrainian metal)
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