Kara-Balta mining plant may start working in the near future, the Mining and Metallurgical Trade Union reported. According to it, the management of the plant agreed with Canadian investors on cooperation in the development of uranium deposits Tash-Bulak and Kyzyl-Ompul. Thanks to this, it will be possible to significantly increase production volumes and reach profits.…
DetailsOn March 19 the state enterprise Lvivugol cleared the salary debt for January to its employees. According to a company representative, it has received a tranche of 15 million UAH from the state company Ugol Ukrainy, which allowed it to completely pay out the debt. Lvivugol will also be able to pay 12% of the…
DetailsThe Ukrainian Prime Minister Vladimir Groysman has sent a letter to the US government asking it to remove Ukrainian metal products from 25% duty sanctions. On March 8 Donald Trump announced the imposition of a 25% duty on metal from all countries, except for Canada and Mexico, to protect the local market. In 2015 Ukraine…
DetailsEnergomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China).
According to the company statement, the first roll will be supplied in October, and the second – in February 2019.
The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)
In 2017 Chasov Yar Refractory Works decreased net profit by 25.8% YoY, or by 9.8 million UAH, to 28.26 million UAH. The company assets as of late 2017 totaled 314.68 million UAH, current liabilities – 19.616 million UAH, fixed liabilities – 14.809 million UAH and consolidated accounts receivable – 33.882 million UAH. In 2016 the…
DetailsNLMK Group, an international steelmaking company, spent over 5.7 billion rubles on environmental projects and initiatives in 2017. Whilst steel output grew by 2% YoY in 2017, specific emissions at NLMK Group’s Russian companies decreased by 1.5%, to 20.5 kg per ton of steel, water consumption decreased by 8%, and the recycling rate was 86.9%.…
DetailsIn February Kazakshtan produced 0.355 million tons of steel, down by 6.6% MoM, but up by 9.2% YoY. In 2 months steel output grew by 5.8%, to 0.736 million tons. Ferroalloys manufacture in February reached 0.154 million tons, up by 4.2% YoY, but down by 9.9% MoM. In January-February ferroalloys output increased by 3.2% YoY,…
DetailsThe cost of gold increased by 1.59 manats to 2229.856 manats per troy ounce in Azerbaijan on March 19, according to the data published by the Central Bank. The cost of silver decreased by 0.25%, to 27.6662 manats per ounce, the cost of platinum decreased by almost 20.48%, to 1605.361 manats and the cost of…
DetailsIn 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…
DetailsIn January-February Severniy Mining and Processing Works increased pellets output by 1.6% YoY, to 1.431 million tons. Concentrate output grew by 12.8%, to 1.924 million tons. In February the company produced 595 thousand tons of pellets and 894 thousand tons of concentrate. In 2017 SevGOK decreased pellets output by 16.5% YoY, to 7.420 million tons,…
DetailsIn 2017 MMK supplied 980 thousand tons of galvanized rolled metal to the domestic market, as well as 310 thousand tons of polymer-coated metal. According to the company statement, its share in the galvanized metal consumption reached 31%, and in polymer-coated metal – 15%. Exports of galvanized metal to far foreign countries last year totaled…
DetailsThe state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…
DetailsIn January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY.
According to the State Statistics Committee, in February gold output totaled 608.3 kg.
Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY.
Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…
DetailsSeverniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…
DetailsAs a result of a cave-in at the Gaysky GOK mine two miners were damaged.
This is the third accident at the enterprise in a month.
The employees are in the emergency clinic.
The regional union promised to help. (Ukrainian metal)
The Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…
DetailsWithin the program of the company development till 2020, Uralsibmet (Irkutsk) has opened a new metal base in the city of Krasnoyarsk. The product range includes rebars, beams, hot- and cold-rolled sheet, channel, angles, pipes, etc. Thus the company is implementing its plan to expand the regions of its presence. Now the company is present…
DetailsThe capacities to produce galvanized and coated metal in Russia continue increasing. Soon such a line with a capacity of 400 thousand tons per year will be commissioned at Severstal. The Leningrad and Orel regions now posses polymer-coating lines with the capacity of 40 thousand tons per year. According to a survey, some 34% of…
DetailsFrom March 1 Severstal has started selling locked-coil ropes in metal drums only. The drum is included in the price, but could be bought out by the company. “The main goal of the innovation is to keep the rope safe while loading, transporting and unloading. The wooden drum could break, which could damage the rope.…
DetailsIn 2017 Zaporozhye Ferro Alloys Plant increased net profit 9.4-fold, to 1.648 billion UAH. According to the company statement, its assets grew by 45%, to 3.5 billion UAH, while the total accounts receivable – 2.2-fold, to 2 billion UAH. Fixed liabilities totaled 192.34 million UAH at the end of 2017 as opposed to 203.2 million…
DetailsThe state enterprise Yuzhnodonbasskoye No. 1 Mine Group has concluded an agreement with Dneproprommash LLC on the capital repair of hydraulic struts valued at 3.79 million UAH. In particular the company has ordered the repair of 96 struts DM14.01.000. The cost of the repair of one strut is 39461 UAH with VAT. The contractor provides…
DetailsBecause of the loss of electricity at the Zolotoye and Karbonit mines in Kiev-controlled part of Lugansk region, over 170 miners have been trapped underground. In particular, 93 miners were blocked in the Karbonit mine, and 83 people in the Zolotoye mine. The electricity was cut off because of the severe weather conditions and heavy…
DetailsCherepovets Iron and Steel Works has started a major construction project – blast furnace No. 3. The furnace will cover one third of the company needs in pig iron, or around 3 million tons. The site, where the BF will be constructed, already has 2 large air heaters. They were constructed several years ago, but…
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