In January-June 2022, Metinvest B. V. revenue amounted to $5.27 billion, down by 38% YoY. In particular, metallurgical segment revenue dropped by 44%, to $3.6 billion, and mining – by 18%, to $1.67 billion. EBITDA decreased by 59%, to $1.56 billion: metallurgical division – by 84%, to $287 million, and mining – by 47%, to…Details
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Dneprometiz has issued bonds of the fifth issue – D, E, F, G and H – with the total value of $ 5 million. All the issues were registered on February 24. Each issue contains 1 thousand bonds valued at $1 thousand each. (Ukrainian metal)Details
On February 22, following an auction Selidovugol ordered Podshipnikcenter Trading House the delivery of various bearings valued at 22 million UAH (with VAT). Some bearings will be made by SKF. The delivery must be paid within 8 months. 1.47 million UAH will be paid for roller bearings 3618 of unknown manufacture at 5340 UAH with…Details
Ukrainian metal companies were unable to increase exports to the USA despite the cancellation of an additional duty of 25% on steel from June 1, 2022. “We mostly supply pig iron there. That’s because of a number of antidumping duties imposed in late 1990s and early 2000s, when Ukraine had no status of a country…Details
In February, Zaporizhstal decreased rolled metal manufacture by 55.1% YoY, to 99.6 thousand tons. Pig iron output dropped by 65%, to 125 thousand tons, and steel – by 62%, to 119.4 thousand tons. Compared with January, rolled metal manufacture increased by 36.4% and steel – by 32.8%, while that of pig iron fell by 24.7%.…Details
Kyrgyzstan should have a unified policy in the field of coalmining, the President of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov has said. According to him, more than 400 licenses are in the hands of coalmining enterprises to date in the country. More than half of them…Details
Over 9 months of 2022, the project “Decreasing irrevocable losses of cutting fluid” saved Armenal $540 thousand by decreasing the fluid usage by 17%. “Initially we planned to save 7.5%, but the CEO Arthur Zakaryan set a more ambitious goal – decreasing cutting fluid usage by 15% compared with 2021,” the manager of the project,…Details
Minister of Industry and Infrastructure Development Marat Karabayev has met with Deputy Director General of China Nonferrous Metals Mining (Group) Co., Ltd Liu Yu. The parties discussed the issues of cooperation in the construction of a copper-smelting plant in Kazakhstan. Marat Karabayev noted the Chinese company’s successful experience in the implementation of such large projects,…Details
In January, Ukraine imported 40.9 thousand tons of flat rolled metal, down by 30% MoM, but up by 3.1% YoY. According to the State Customs Service, expenses decreased by 26.6% MoM and by 19.6% YoY, to $50.66 million. Imports of coated metal with the width of 600 mm and more totaled 24.6 thousand tons (-7.5%…Details
Centravis Production Ukraine pipe manufacture in Nikopol started operating at full capacity. “Centravis is now working at full capacity. This is very important, as we use this opportunity to the maximum. All the equipment is operating, cold and hot shops are working. We fulfilled the manufacturing plan for January and have an optimistic forecast for…Details
In January, Ukraine exported 29.54 thousand tons of flat rolled metal, down by 33.9% MoM and by 94.2% YoY. According to the State Customs Service, revenue dropped by 35.2% MoM and by 95.5% YoY, to $19.4 million. Exports of rolled metal without coating amounted to 20.2 thousand tons valued at $12.74 million, down by 36.4%…Details
The Commission for Emergency Situations (CSE) has held a new meeting, during which more decisions have been adopted, the government’s communications and protocol department has reported. The CSE members instructed to extend, till March 31, the validity term of the environmental permit as to the management of waste and of the authorization of issuance of…Details
AzerGold will attract its experienced specialists to study the available geological data on precious metals deposits in Uzbekistan, as well as to prospect and develop them. This is stated in the memorandum signed by AzerGold and the Ministry of Mining and Geology of Uzbekistan. The document has been signed by the AzerGold board chairman Zakir…Details