The operation of the Yubileynaya iron ore mine, a part of Sukhaya Balka, has been suspended because of smoke. The rescuers received information that smoke appeared at the depth of 1500 meters in the mine. 11 miners were working at the site. They have been safely taken to the surface. The supposed reason of the…Details
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The Interdepartmental Commission on International Trade on May 14 decided to open an antidumping investigation regarding the import of seamless hot-rolled steel pipes from China into Ukraine. As reported by the press service of the Ministry of Economic Development and Trade of Ukraine, the ministry received a complaint from the national manufacturer, which reported that…Details
In January-April, Zaporozhye Iron Ore Complex increased iron ore output by 6.2% YoY, to 1.505 million tons. The enterprise sold 1.688 million tons of ore, up by 8.7%. In April, ZZhRK mined 381.6 thousand tons of ore, up by 1% from the plan, with the iron content of 60.88%, and sold 464.4 thousand tons of…Details
Em-Kat LLC (Saransk) intends to invest 559.8 million rubles in the modernization of the wire rod manufacture. Of these funds 300 million rubles will be provided as a loan by the Fund of the Industry Development. Em-Kat plans to construct a new shop and assemble additional lines. This will help increase output to 15 thousand…Details
In January-March, Rusal received $2.17 billion of revenue as opposed to $2.74 billion in Q1 2018. The decrease is due to the drop of aluminum prices by 13.9%, to $1859 per ton. EBITDA fell by 60.5%, to $226 million. Net profit decreased by 49.8%, to $273 million. (Ukrainian metal)Details
In January-March, Russia exported 909.2 thousand tons of aluminum, up by 37.1% YoY. According to the Federal Customs Service, the revenue increased by 36.7%, to $1.63 billion. Nickel exports dropped by 7.2%, to 31.2 thousand tons valued at $378.5 million, down by 15.2%, ferrous metals – by 1.1%, to 7.26 million tons at $3.59 billion,…Details
In January-March, Ferrexpo exported 2.63 million tons of pellets. In particular, PGOK exported 2260.1 thousand tons and EGOK – 369.9 thousand tons. Metalloinvest (Russia) exported 1410.7 thousand tons of pellets (Mikhailovsky GOK – 1176.7 thousand tons and Lebedinsky GOK – 234 thousand tons). Metinvest shipped 1223 thousand tons of pellets abroad (SevGOK – 640.1 thousand…Details
Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first quarter of 2019. In the first three months of 2019, Kumtor Gold Company produced 150,308 ounces or 4,675.10 kg of gold and contributed more than 1.51 billion soms in taxes and mandatory payments. Kumtor produced 150,308 ounces of gold…Details
In January-April, Ukraine increased ferroalloys exports by 1.7% YoY, to 314.073 thousand tons valued at $345.188 million, down by 4.1%. According to the State Fiscal Service, the main customers were Turkey (17.61%), Italy (16.06%) and the Netherlands (9.36%). Ukraine also imported 16.223 thousand tons of ferroalloys, down by 1%, valued at $49.434 million, up by…Details
Severstal Distribution has commissioned a new shaped sheet line at the Cherepovets Service Metal Center. The new machinery will expand the product range and increase output by 20-50%. The line produces two types of sections of rolled metal with zinc and polymer coating: S-8 and MP-20. The machinery can process metal with the thickness of…Details
Last year, Klyuchevsk Ferroalloys Works produced 20.3 thousand tons of ferroalloys, up from 13 thousand tons in 2017, including 7.9 thousand tons of metallic chromium, 10.7 thousand tons of ferrochromium, 274 tons of ferrotitanium and 585 tons of other ferroalloys. The company also sold 37.9 thousand tons of slag products and 19.3 thousand tons of…Details
Payments on environmental tax are growing but they are not used in Ukraine for environment protection purposes. Most of this money goes to national budget and not to local one, and is spent for anything but not for environment. It is necessary to change the mechanism for distribution and spending of this money as well…Details
The state enterprise Selidovugol has ordered Vostokmash LLC repair valued at 139.93 million UAH. This year the company will have to repair 167 sections of mechanized anchoring 1Kd-90 at 838 thousand UAH apiece at the Mine Ukraine. The price of the deal is 0.3% below the expected cost (140.3 million UAH). (Ukrainian metal)Details