A new steel plant will be built in Georgia until 2023 within the “Produce in Georgia” state program, the government press office has reported. About 3,819,664 GEL ($1,216,453) will be invested to construct the new steel plant. Prime Minister Irakli Garibashvili said about 50 people would be employed at the plant. The state will give…Details
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Interpipe Ukraine LLC has auctioned 6 units of railroad machinery with the combined cost of 4.3 million UAH in the SmartTender system. In particular, the company intends to sell 4 locomotives and 2 railroad cranes. Interpipe accepts offers until November 12. The machines will be shipped until March 31, 2022. (Ukrainian metal)Details
From October 1, ArcelorMittal Kriviy Rih is increasing wages by 10%. The decision was taken at the staff conference on October 22. Some employees will see their salary increase by 30%. Moreover, in December the so-called 14th salary will be paid in the amount of 50%. (Ukrainian metal)Details
PolyMetall LLC from St. Petersburg has become the winner of the auction to develop a deposit on the Munchan Brook in Magadan region. 5 companies competed for the deposit with the reserves of 21 kg of gold. The final bid was 2.04 million rubles, up by 20% from the initial price. (Ukrainian metal)Details
The Siberian Mining and Metallurgical Alliance (SiGMA) has been granted the right to commission a gold-extracting factory at the Ozernovskoye deposit in Kamchatka. The capacity of the factory will be 140 thousand tons of ore per year, which will allow producing up to 1 ton of gold. In 2024, the second stage is supposed to…Details
In September-October, DTEK purchased 278 thousand tons of coal for the operation of its heating plants in autumn-winter. “Gas coal is purchased under contracts with Poland (340 thousand tons) and Kazakhstan. Soon we expect deliveries of coal from the USA – 225 thousand tons,” the company said. DTEK is also negotiating additional imports of coal.…Details
In January-September, Interpipe paid 2.22 billion UAH of taxes, up by 13% YoY. In particular, payments to the state budget amounted to 1.427 billion UAH (+16%), local budgets – 448 million UAH (+5%) and the unified social payment – 343 million UAH (+10). Last year, Interpipe paid 2.54 billion UAH of taxes. (Ukrainian metal)Details
On October 15, ArcelorMittal Kriviy Rih began reconstruction and repair of its blast furnace No. 9. The repair is expected to last for 45 to 50 days. The work done will help provide for the stable operation of the blast furnace until the modernization is completed in 2023. The cost of the BF9 modernization is…Details
The State Service of Geology and Subsoil has prolonged the right of the United Mining and Chemical Company to develop the Malyshevskoye deposit of titanium ores by 20 years. “This will provide for a stable operation of Volnogorsk Works for years, as well as tax payments to the budget and the development of the community”,…Details
In January-September, Interpipe produced 127.6 thousand tons of railroad wares, down by 12.5% YoY. Steel output grew by 25.7%, to 727 thousand tons, and pipes – by 26.8%, to 443.3 thousand tons. In September, output totaled 96.9 thousand tons of steel, 14.9 thousand tons of railroad products and 66.3 thousand tons of pipes. CIS accounted…Details
As of early October, Koboldo, developing alluvial gold deposits in Amur region, has extracted 206 kg, down by 31% YoY. The decrease is due to suspension of operation at two sites – at the Gerbichan and the Lower Stoiba Rivers because of the pollution. The company specializing in prospecting and extracting alluvial gold has sites…Details
In September, Metinvest introduced payments for harmful working conditions and in October increased wages. The group says average income of Dneprovskiy By-Product Coke Plant employees will grow by 15%. Metinvest bought 73% of DKHZ in March 2020, while in August – Dneprovskiy Iron and Steel Combine for 9.17 billion UAH. In mid-September, employees asked to…Details
The enterprises of the Ukrtruboprom association in January-September increased pipe output by 29.1% YoY, to 518.1 thousand tons. In particular, Interpipe Niko Tube increased production by 91% and Trubostal – by 25%. At the same time, Centravis decreased manufacture of stainless steel pipes by 5.8% and Interpipe NMTZ of electric welded pipes by 29%. Dneprovskiy…Details