Rostov Electrometallurgical Works LLC has been declared bankrupt. The claims to the company amount to 10.4 billion rubles. REMZ is one of the largest metal companies in the Rostov region. Its capacity is 730 thousand tons of steel and 530 thousand tons of bars per year. Revenue in 2017 totaled 1.09 billion rubles, and net…
Russia’s United Metallurgical Company (OMK) has launched construction of a 50-billion ruble seamless pipes facility at its subsidiary Vyksa Iron and Steel Works. “The goal of the project is to satisfy current and future demand in line and threaded seamless pipes, including pipelines for difficult production conditions and directional drilling by oil and gas companies…
Interdepartmental Commission has visited uranium deposit and measured the background radiation level, YurAsia company reported. The radiation background in the camp ranges from 30 to 72 micro-roentgens per hour, and at the quarry – 75 micro-roentgens per hour. The radiation background rose to 130 micro-roentgens per hour at the mining site. After the completion of…
DTEK has limited electricity supplies to the state enterprise Mine named after Surgay in Ugledar, Donetsk region. “On April 22, the electricity supplies to the mine were limited because of the debt of 322.5 million UAH”, the company said. The Ministry of energy, the State Service of the energy supervision and the city council of…
In March, Dneprovsky Iron and Steel Combine produced 231.404 thousand tons of metal, up by 1.2% from the target. The works also produced 346.741 thousand tons of sinter (+3.5%), 202.638 thousand tons of pig iron (+4.3%) and 227.905 thousand tons of steel (+0.8%). The rolling shop manufactured 60.509 thousand tons of metal, with pipe site…
Zaporozhye Iron Ore Complex has increased wages from April 1, by 15% on average. In Q1, two mines of the enterprise extracted 1.123 million tons of iron ore, up by 1% from the target, and sold 1.242 million tons, up by 7.8%. In March, ZZhRK mined 384.7 thousand tons of ore, up by 1% from…
Shareholders of Makeevkoks, situated on the Ukraine-uncontrolled territory, refreshed the supervisory board, by removing two of its members, as well as changing the auditor. The decisions were taken at the shareholders’ meeting on April 18. In particular, the shareholders have re-elected Igor Nadych and Olga Vinogorodskaya as members of the supervisory board for three years,…
On April 21, a Stepnaya mine employee of the state enterprise Lvivugol has been mortally injured. The locomotive driver was only 32 years old. A special commission to investigate the accident has been created. (Ukrainian metal)
In January-March, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. The GOK fixed liabilities decreased from 352.6 million rubles to 337.8 million rubles, while short-term liabilities grew from 2.047 billion rubles to 2.053 billion rubles. Gross profit increased 18.5-fold, to 1.572…
Gold and silver prices increased in Azerbaijan on April 22 compared to the prices on April 19. The price of gold grew by 5.9075 manats, to 2,175.048 manats per ounce. The price of silver went up by 0.0649 manats, to 25.5949 manats per ounce. The price of platinum increased by 6.511 manats, to 1,541.679 manats.…
Head of the State Committee for Industry, Energy and Subsoil Use, Emil Osmonbetov, suggested residents of Ton district of Issyk-Kul region of Kyrgyzstan to join the commission that would work at the uranium deposit. He stated this at a meeting with the villagers. Last weekend, an on-site meeting of members of the interdepartmental commission to…
Collecting of signatures under a petition, demanding to ban development of Tash-Bulak uranium deposit in Issyk-Kul region of Kyrgyzstan, started on social networking sites. The author of the petition is some Alena Khromenko. She invites everyone to sign the petition on a special site. As of today, 7,495 people have signed the petition with the…
Civil activists have held a flash mob “We are against uranium” near the monument to Urkuya Salieva in Bishkek. Organizer of the event was Ak-Zhol Ytymagi Public Foundation. Director of the foundation told reporters that he did not trust the company that wanted to develop Tash-Bulak uranium deposit in Issyk-Kul region. The activist demanded from…
German company Aurum Deutschland AG will build a mining and metallurgical plant in the Kordai district of the Zhambyl region. The major construction project was discussed at a meeting of Zhambyl regional administration with representatives of German business. The idea of the project arose after Nursultan Nazarbayev urged German investors to invest in Kazakhstani projects…
The price of one ounce of gold decreased by 22.831 manats or by 1.04% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,176.0646 manats. The price of one ounce of silver increased by 0.0832 manats or by 0.3%, to 25.4735 manats. The price of one ounce of platinum…
Belarus will resume negotiations with Sudan on the second site for gold extraction after the situation in the country is stabilized, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared. The second site has been chosen but conditions for using it have not been totally agreed upon. “We will definitely keep an eye on…
In January-March, Kremenchuk Steel Works produced 4292 tons of casting, down by 27.7% YoY. Moreover, the plant is forced to fire over 500 employees in March-April. This is done in order to bring the number of employees to the order volume and the debt to Ukrzaliznytsia. (Ukrainian metal)