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Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…
DetailsIn January-August, Druza LLC extracted 699.3 kg of gold at the Nevskoye ore deposit in Irkutsk region, down by 6.7% YoY. This year the company intends to mine 1100 kg of gold. Thus, the target has been met by 64%. Druza obtained the license to the deposit in 2003. The license is valid until 2029.…
DetailsThe debt of DTEK for the rent of the Dobropolyeugol mines has reached 100 million UAH. According to the State Property Fund, monthly payments amount to 18.3 million UAH. DTEK has not been paying since March. The agreement on the long-term rent of the mines was signed on December 22, 2010. Last year, DTEK paid…
DetailsIn July, the average level of salary in mining and metal industries increased. The largest growth was in mining companies – by 13.7%, to 19.8 thousand UAH. At by-product coke plants salaries grew by 10.4%, to 20.7 thousand UAH, at ferrous metallurgy companies – by 4.2%, to 17.9 thousand UAH, at pipe companies – remained…
DetailsThe physical volume of gold deals on the Moscow Exchange fell by 31.91% YoY, to 7.517 tons in January-August, the Moscow Exchange reported. The volume of silver deals more than tripled to 21.287 tons. In monetary terms, deals in gold and silver fell to 30.925 billion rubles in the period from 27.7 billion rubles in…
DetailsIn January-August, Ukraine decreased steel production by 6.2% YoY, to 13.74 million tons. Pig iron manufacture dropped by 0.9%, to 13.6 million tons. Rolled metal output fell by 1.5%, to 12.34 million tons. (Ukrainian metal)
DetailsDneprometiz has approved of a new date of the annual shareholders’ meeting – October 2 instead of April 24, cancelled because of the coronavirus quarantine. The shareholders will be offered to keep the profit for 2019 in the amount of 25.235 million UAH undistributed. Dneprometiz produces metal wares of low-carbon steel. Its capacity is 120…
DetailsIn August, Zaporizhstal decreased steel output by 4.2% YoY, to 336 thousand tons. Rolled metal manufacture dropped by 2.9%, to 282.3 thousand tons, while that of pig iron grew by 0.2%, to 394.8 thousand tons In January-August, the company produced 2.899 million tons of pig iron, 2.455 million tons of steel and 2.086 million tons…
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