Ukraine: Cabinet to send women to mines

The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…

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Ukraine: AMKR to get Sumy pumps

Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih.

The capacity of the pumps is 300 cubic meters per second.

AMKR will receive 3 pumps.

The weight of each machine is 13 tons. (Ukrainian metal)

Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…

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Ukraine: Krasnolimanskaya mine included in the privatization list

The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government.

The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)

Russia: Gazprombank gives 54.4 billion rubles to RCC for Tominsky GOK

Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…

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Russia: Severstal-Metiz exports up in Q1 2018

In January-March Severstal-Metiz increased exports by 44% YoY.

This was a record-high result in the past 5 years.

Most of the customers were from the EU.

The main export items were the products of high-carbon steel grades. (Ukrainian metal)

Ukraine: AMKR masters manufacture of new products according to Israeli standards

ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…

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Russia: Tagmet produces 4 million tons of pipes

Taganrog Iron and Steel Works has produced 4 million tons of pipes.

The anniversary ton of pipes will go to the city of Surgut.

Tagmet was created in 1896, and is now one of the highly technological pipe works in the world. (Ukrainian metal)

Russia: Kinross gold output down in Q1 2018

In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…

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Russia: Metallinvest-Novosibirsk supplies rolled metal for HPP construction

In 2017-2018 Metallinvest-Novosibirsk supplied metal for a number of major construction projects in Krasnoyarsk and Novosibirsk regions. In particular, in October 2017 the company provided rolled metal for the construction of the Berezovskaya Hydro Power Plant. The company supplied 186 tons of rolled metal. And for the Berezki cottage town in the suburbs of Novosibirsk…

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