RZOTsM has assembled a pipe-drawing mill manufactured by Irkutsk Heavy Machinery Works. The mill has been specifically designed for Revda Works to produce cold-drawn pipes with the diameter of 100 to 310 mm of copper and copper alloys. All the assembly work has been completed. (Ukrainian metal)Details
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In 2018 Yuzhkoks increased its net income by 33.9% YoY, to 4.536 billion UAH. Net profit totaled 23.516 million UAH as opposed to 5.363 million UAH of net losses in 2017. EBITDA grew 18-fold, to 29.715 million UAH. Undistributed profit as of late 2018 totaled 483.916 million UAH. The company current liabilities increased 14.1-fold, to…Details
In January-February metal companies decreased rolled metal consumption by 16.2% YoY, to 555.9 thousand tons. Imports accounted for 186.9 thousand tons, or 33.6%. In January-February 2018, the domestic market consumed 663.1 thousand tons of rolled metal, including 193.1 thousand tons, or 29.1% of imported metal. In 2 months Ukraine produced 3.08 million tons of rolled…Details
The shareholders of ArcelorMittal Kriviy Rih decided to spend all the profit of 2018 on the development of the company. Last year the company increased its net profit almost 2-fold, or by 84.2%, to 9.51 billion UAH. Net income grew by 3%, to 68 billion UAH. (Ukrainian metal)Details
State coalmining enterprises and mines managed by the Ministry of energy and coal industry in 2018 received a consolidated loss of 2.69 billion UAH, down by 16.5% YoY. In particular, Lvivugol, which mined 1.413 million tons of coal, received 457 million UAH of net loss, up 3.1-fold YoY, and 791.99 million UAH of net income,…Details
During underground work three people were injured at the Yubileynaya mine of Sukhaya Balka in Krivoy Rog. The help of the rescuers was not needed, as the colleagues of the miners were able to repair the machinery and brought them to the surface. All the three miners suffered from the electric shock. (Ukrainian metal)Details
Canadian company Centerra Gold Inc. announced results of elections of its Board of Directors. There are 3 representatives of Kyrgyzstan among 11 people. Dushen Kasenov and Maksat Kobonbaev became new members of the Board of Directors from Kyrgyzstan. In addition, Askar Oskombaev remained in the Board of Directors. The Board of Directors of Centerra Gold…Details
“We conduct rehabilitation and reclamation of tailings only at the expense of international donors,” the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov said at a meeting of the Parliament. At least 94 million soms of budget funds have been spent on maintenance of tailing dumps. Planned expenses are 134 million soms. “Previously, 3 million…Details
Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook. The company competitor was Sibresursproekt LLC. Charan offered 1.320550 million rubles for the site. (Ukrainian metal)Details
“As for Kyzyl-Ompol, position of the State Committee of Industry, Energy and Subsoil Use is such that we have to support the investor,” said Emil Osmonbetov, Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan. “If there are violations, then it is necessary to apply measures within the framework of the…Details
In January-March, Revda Non-Ferrous Metals Processing Works increased output by 47% YoY. The Q1 target was exceeded by 3.8%. In particular, rolled copper manufacture grew by 46.3%, tinplate – by 56.8% and nickel – by 33.8%. Kirov Non-Ferrous Metals Processing Works increased non-ferrous metals output by 18%. Copper Pipes Plant increased imports by 17%. (Ukrainian…Details
Current composition of the government of Kyrgyzstan has not issued a single prospecting license, the First Deputy Prime Minister Kubatbek Boronov announced at the meeting of the Parliament. According to him, many protesters against the development of deposits say they do not believe the decisions of the government. “This decision was made precisely because the…Details
In March, Russia produced 5.79 million tons of steel, down by 6.9% YoY. In 3 months output totaled 16.81 million tons, down by 5.3% YoY. Ukraine, though no longer a part of CIS, increased output in March by 15%, to 1.968 million tons, with 5.507 million tons produced in 3 months, up by 4.6%. Kazakhstan…Details