Zaporizhstal held an extraordinary meeting of shareholders. The only issue discussed was the borrowing of $18 million from the state-owned Ukrgazbank. The shareholders voted to authorize the CEO of the company Rostislav Shurma to sign a loan agreement with the bank for 5 years with the interest rate of 7%. Zaporizhstal will pledge its assets…
DetailsSome employees of the Kurakhovskaya mine (state enterprise Selidovugol) have announced a hunger strike because of the salary debts. “Their main demand is to clear salary debts for June, September, October, November and December 2018”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. So far only 5…
DetailsThis year Ingulets Mining and Processing Works intends to decrease iron ore mining by 1% YoY, to 28.6 million tons. The company also plans to produce 10.829 million tons of iron ore concentrate. In order to maintain the quarry capacities InGOK will increase rock mining by 2.2%, to 0.657 cubic meters per ton. (Ukrainian metal)
DetailsIn 2018 Ukraine produced 21.06 million tons of steel, up by 0.3% YoY. Pig iron output grew by 4%, to 20.531 million tons, while that of rolled metal – by 3%, to 18.446 million tons. In December 2018 Ukraine produced 1.803 million tons of pig iron, 1.845 million tons of steel and 1.603 million tons…
DetailsThe prices of precious metals varied in Azerbaijan on January 3, the Central Bank reported. The price of gold increased by 18.207 manats, to 2,190.2715 manats per ounce on January 3 compared to the price on December 28, 2018. The price of silver grew by 0.5232 manats, to 26.4805 manats per ounce. The price of…
DetailsNLMK-Kaluga has produced 4 million tons of rolled metal. The high quality steel is used to produce some 20 types and sizes of bars and sections, as well as square billets. In early 2018 the company increased its product portfolio by adding channel. The company main customers are construction enterprises. (Ukrainian metal)
DetailsAlmalyk Mining and Processing Works intends to construct a new copper-processing factory. The project to be commissioned in 2022 will be developed by the Scientific-research and design institute TOMS (Russia). The institute will also help modernize two current copper factories. This year AGMK intends to attract over $180 million of investments. (Ukrainian metal)
DetailsLast year Beringpromugol LLC mined 600 thousand tons of coal in Chukotka. Some 400 thousand tons were exported to the APR, Japan, Korea and Vietnam. A special attention is paid to the environment and the support of the locals. In late 2018 the company concluded an agreement with the Association of the indigenous peoples of…
DetailsThe State Service of Subsoil Use has prolonged the special allowances for ArcelorMittal Kriviy Rih to use subsoil. At two of its main quarries AMKR will be able to operate for 20 years. In particular, the license to develop the magnetite quartzite quarry No. 3 at the Valyavkinskoye deposit is valid until January 9, 2038.…
DetailsIn January-November 2018 the Belarus Iron and Steel Works shipped $1.5 billion worth of merchandise, up by $293 million from the whole 2017, BMZ Press Secretary Alexander Olesik reported. A batch of reinforcing bars shipped to BMZ’s trading house in the Baltic States on the night of December 27-28, 2018 raised the year’s total earnings…
DetailsHighland Gold Mining (HGM) has no plans to change the production plan after a snow slide has hit its mine Mnogovershinnoye in the Khabarovsk region. “Works on tunnel 1 were suspended. The other tunnels of mine Mnogovershinnoye are working as usual, the plant is working as well, and the plan for ready product output remains…
DetailsThe department of the Environment service in Chelyabinsk region has suspended the license for Nikprom LLC air pollution because of its violation. During an inspection of the company that produces aluminum, the experts have found out that the enterprise has been exceeding the limits of pollution. As a result the company license has been suspended.…
Details“Extrusion Techniques and Structures” LLC intends to become a resident of the Kaluga special economic zone. The company intends to create aluminum manufacture with the capacity of 7 thousand tons per year. The products will be used in car manufacture and construction. The enterprise will be commissioned in 2020. Investments will reach 1.26 billion rubles.…
DetailsVysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…
DetailsIn 2018 the East Mining Company extracted 7.5 million tons of coal, up by 3.3 million tons YoY. Sales also totaled 7.5 million tons, up 1.5-fold. In 2019 the company plans to sell some 10 million tons of coal. (Ukrainian metal)
DetailsThe Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…
DetailsUnder an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…
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