The supplies of electricity and energy efficient solutions YASNO has financed and carried out a large-scale modernization of lighting at Dneprovsky Iron and Steel Combine. Over 1600 new LED lamps save the company 75% of electricity used in the lighting system. In particular, the lamps will help save 13.3 million kW-h of electricity per year…
DetailsIn June, Zaporozhkoks increased blast furnace coke manufacture by 11.2% YoY, to 68.7 thousand tons. In 6 months, output totaled 432.7 thousand tons, up by 4.1% YoY. In 2019, the company produced 827.5 thousand tons of coke, up by 0.3% YoY. (Ukrainian metal)
DetailsBarlenco Ltd. (Cyprus), affiliated with Metinvest, intends to use its right to squeeze out shares of Zaporozhogneupor minority holders. On July 6, Zaporozhogneupor received a notification from shareholders on reaching the dominating controlling shares on July 3. Prior to this, Metinvest B. V. owned 2,650,697 shares, or 45.385539% of the total, Zaporizhstal – 2,874,068 shares…
DetailsIn January-June, Ukraine procured 1.391 million tons of coal, down by 23.2% YoY. Import dropped by 74.8%, to 9.2 thousand tons, and export by 54.2%, to 16.8 thousand tons. Domestic deliveries to metal companies decreased by 22.5%, to 1.308 million tons. Experts believe this year Ukraine will procure 2.68 million tons of scrap, with export…
DetailsRussia’s gold output rose by 3.8% YoY, to 81.27 tons in January-April, the Finance Ministry said quoting supplies to the refining plants. Mined gold output rose by 7.1%, to 65.87 tons, while by-product gold output decreased by 6.7%, to 5.6 tons, with gold scrap production down by 8.9%, to 9.8 tons. Russia’s silver output decreased…
DetailsAzovstal has invested 160 million UAH in the purchase of the fourth electric bridge crane for the converter shop. It has replaced the cargo crane No. 16. Earlier the company has invested 9.1 million UAH in the purchase of a new ARL iSpark 8860 spectrometer for its central chemical laboratory. (Ukrainian metal)
DetailsMetinvest is at the final stage of negotiations with the Black Sea Trade and Development Bank on a 7-year EUR 62-million loan, approved by the bank board. The group will use the funds to carry out its investment program and replenish working capital. The financing terms will be finalized when signing the documents. (Ukrainian metal)
DetailsSince the start of the washing season in Irkutsk region, Retkon has extracted 142.5 kg of alluvial gold, down by 18% YoY. The company is developing deposits in the Bodaybinsky district. Until the end of the year the company intends to extract 600 kg of alluvial gold. Last year, with the target of 550 kg,…
DetailsActing CEO of Ferrexpo plc with assets in Ukraine Jim North has been appointed executive director with immediate effect. North joined Ferrexpo in November 2014, serving previously at London Mining plc, Rio Tinto and BHP. Chris Mawe will step down from the office of the financial director, when the transition process is set up. The…
DetailsSeverniy Mining and Processing Works has invested over 40 million UAH in the installment of 8 thousand energy-saving LED-lamps at the crushing and processing factories. The new lamps are expected to save around 25 million UAH per year. Earlier under the modernization program, SevGOK decided to invest 3.1 billion UAH in 2020 in modernization and…
DetailsIn June, the miners team Vitim, developing alluvial gold sites in Irkutsk region, extracted 302 kg of the precious metal. Since the start of the washing season, the enterprise has extracted 715 kg of gold, down by 19% YoY. This year Vitim intends to extract 2500 kg of gold. Thus, so far the target has…
DetailsIn January-June, scrap deliveries to metal companies decreased by 22.5% YoY, to 1.308 million tons. In June, deliveries dropped by 34.4%, to 212 thousand tons. Despite decrease in deliveries, metal companies were provided with scrap at the level of 115.3% in June and 99.5% in H1. As of July 1, scrap stocks amounted to 110-115…
DetailsUkrzaliznytsia (Ukrainian Railways) sold 9 more lots of scrap. In total, the enterprise sold 16971 tons valued at 31.047 million UAH. Keramet LLC won 8 out of 9 auctions. Nikotrademet LLC won an auction on 457 tons of scrap valued at 1.92 million UAH. (Ukrainian metal)
Details