Kyrgyz gold producer Alyans Altyn, a part of the Russian Platinum group of companies, will delay the launch of a gold plant at the Jerooy deposit indefinitely due to the riots that started in the country after parliamentary elections, a spokesperson for Russian Platinum reported on October 6. Previously, Alyans Altyn said it suspended works…
DetailsSince 2012, Zaporizhstal has spent 15 billion UAH on the ecological modernization. According to the company CEO Alexander Mironenko, in particular, the company has reconstructed three blast furnaces, which now meet all the modern technological and environmental standards. Zaporizhstal has also modernized its sinter factory, decreasing dust emission by 70%. Until the end of the…
DetailsOn October 1, Krivoy Rog Iron Ore Industrial Complex increased the salary of its employees by 10%. The corresponding decree was signed by the acting deputy chairman Alexander Kapuka on September 30. From September 1, the enterprise increased wages by 10-25%. (Ukrainian metal)
DetailsIn January-August, the Central Mining and Processing Works decreased iron ore pellets manufacture by 6% YoY, to 1.48 million tons. In August, the company produced 107 thousand tons of pellets. Last year, CGOK increased pellets output by 4.3% YoY, to 2.402 million tons, and concentrate by 0.5%, to 4.436 million tons. (Ukrainian metal)
DetailsIn August, global steel output amounted to 156.2 million tons, up by 0.6% YoY. According to Worldsteel, China produced 94.8 million tons of steel, up by 8.4%. Ukraine decreased steel output by 5.7%, to 1.8 million tons. (Ukrainian metal)
DetailsThe Interdepartmental Commission on International Trade has made a right decision to impose duties on poor-quality Chinese pipes, Interpipe CFO Denis Morozov has said. “What is important is that the duty applies not to all Chinese, but to “bad” only. The companies that operate not according to the standard and without certificates. They used to…
DetailsSome mines in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, do not pay wages. For example, Torezantrazit and Makeyevkaugol still owe wages for July. Even the “head of DPR” Denis Pushilin has acknowledged it during his direct line with the Donbass people. According to him, the situation with miners’…
DetailsIn January-August, Ferrexpo increased iron ore pellets output by 4% YoY, to 7.36 million tons. Concentrate output grew by 4.5%, to 9.23 million tons. In August, Ferrexpo produced 980 thousand tons of pellets and 1.19 million tons of concentrate, up from 780 thousand tons and 1.04 million tons in July respectively. (Ukrainian metal)
DetailsIn January-June, Interpipe EBITDA dropped to -$5 million, while revenue decreased by 26% YoY, to $236 million. Interpipe had to adapt its production to new reality affected by the pandemic and low oil prices. The return of the 34.22% antidumping duty on Ukrainian railroad wheel in the EAEU also affected sales. In Ukraine, railroad products…
DetailsUkrzaliznytsia (Ukrainian Railways) was unable to buy 21.5 thousand tons of R65 railroad rails for 571.8 million UAH in the Prozorro system due to the insufficient number of participants. Only Skinest Rail UA LLC participated in trade. This year, Ukrzaliznytsia intends to repair 507.1 km of railroad. For this it will need 70.2 thousand tons…
DetailsAccording to Telegram-channels from the occupied territory, Alchevsk Iron and Steel Works intends to increase salary. “AMK received a decree to increase salary. Percent and amount are not stated”, the messages state. At the same time, such initiatives look ridiculous taking into account gigantic salary debts. The last fully paid month was June. (Ukrainian metal)
DetailsAzerbaijan exported precious metals worth $97.5 million in January-July, with Switzerland accounting for the whole volume of export. 4,179 tons of gold and silver were exported to the world markets during the reporting period. The share of gold in the total amount of precious metals export amounted to 2,320 tons worth $96.4 million, while silver…
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