The minister of energy and environment protection Alexei Orzhel believes it is inefficient to unite state coal assets into one holding. “We have not supported the creation of the National Coal Company. When we unite something profitable with something profitless, it becomes less efficient, and it is difficult to decide what to build, modernize or…Details
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The Cabinet of Ministers suggests increasing financing of state mines in 2020 by 622.8 million UAH. This is stipulated in the draft budget for 2020 in order to bring the mines to the profitable level. At the same time profitless mines will be closed. The Verkhovna Rada also supported amendments to the state budget 2019…Details
In 7 years Metinvest has invested $1.2 billion in the development of Mariupol Ilyich Iron and Steel Works. In particular, $408.5 million were spent on ecological projects, and $757 million on the capital construction, reconstruction and repairs. One of the largest projects was the construction of a continuous casting machine No. 4 in the converter…Details
The state enterprise Selidovugol has ordered Contract-Energo Trading House LLC the delivery of conveyer belts valued at 70.1 million UAH. Until August 2020 the company has to supply 17300 meters of belt manufactured in Russia and purchased from Erlight LLC. The price of the agreement is 1% below the expected cost of the purchase (71…Details
In September the number of employees in metal industry decreased by 0.6% MoM, to 191.7 thousand people. According to the State Statistics Service, in mining and quarrying the number of personnel dropped by 0.4%, to 193.8 thousand people. The coke manufacture lost the most workers – 2.7%, to 17.5 thousand people. (Ukrainian metal)Details
Siemens AG auditors have visited VSMPO-Avisma. They have examined the strip-cutting site of the shop No. 16 and welding lines in the shop No. 38. They have also checked the personnel qualification and pipes quality. The experts have noted a high level of manufacture. The next audit will be carried out in January 2020. The…Details
Last week the price of one ounce of gold increased by 11.6 manats ($6.8) or by 0.5%. The average price of one ounce of gold stood at 2,547 manats ($1,498). The price of one ounce of silver grew by 0.05 manats ($0.03) or by 0.2%, to 30.4 manats ($17.8). The price of one ounce of…Details
In October Ukraine produced over 2.7 million tons of coal, down by 8% from the target, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In October coal mining enterprises of Ukraine of all forms of ownership produced 2,720,824 tons of coal. The…Details
In August Russia exported 67.1 thousand tons of refined copper, up by 98% MoM and by 9.4% YoY. Deliveries to China grew 2-fold, to 17.3 thousand tons. Germany imported 6 thousand tons, up also 2-fold MoM. In 8 months exports totaled 441.4 thousand tons, on par YoY. In monetary terms since the start of the…Details
A manufacturing complex of metal wares machining will be constructed in Dzerzhinsk for 296.5 million rubles. The Ardmanol Company has been given a land plot with the size of 26 thousand square meters. The company intends to construct the complex in 16 months. (Ukrainian metal)Details
Interpipe has concluded a direct contract for the delivery of railroad wheels to Kazakhstan Temir Zholy (KTZ, Kazakhstan Railways). Under the agreement the company will supply 6 thousand wheels in 2019 and 20 thousand wheels in 2020. Previously Interpipe has never been cooperating with KTZ directly, supplying the wheels to car-repair plants. The suspension of…Details
A Polymetal International mine has suspended operations because of a fire, a representative of the regional emergency services reported. “A fire broke out at a mine of the Omolon Gold Mining Company on the depth of almost 400 meters. 15 miners were evacuated to the surface,” the official said. (Prime/Ukrainian metal)Details
Irshansk Mining and Processing Works has ordered Vostoc avtomir LLC the delivery of a car for 1.35 million UAH. The company has to supply Toyota Land Cruiser Prado, Prestige 4.0 Dual VVT-i. The price of such a car in stores is 1.37 million UAH. The purchase was carried out without an auction. (Ukrainian metal)Details