In January-April Ukraine exported $947.4 million worth of iron ore raw materials, up by 85% YoY. According to the State Fiscal Service, exports reached 12.019 million tons, down by 15.8% YoY, with the share in the total exports revenue at 6.9%. The main buyers of Ukrainian iron ore raw materials were China (30%), Poland (10.6%)…Details
The quarry No. 7 of Irshansk Mining and Processing Works is switching to processing its own products, stocked during the years of operation. The switch of capacities will be made in July. The volume of the products (some 2.5 million cubic meters) will be enough for 3 years of operation enabling the quarry to produce…Details
In April Ukraine mined 2.706 million tons of coal, down by 22.3% YoY. According to the Ministry of energy and coal industry, coking coal output decreased by 25%, to 2.309 million tons. In January-April coal output dropped by 3.3%, to 13.66 million tons. In 2016 Ukraine mined 40.864 million tons of coal, up by 2.8%…Details
In January-April Ukraine increased ferrous metals export revenue by 27.4% YoY, to $2.64 billion. Ferrous metals share was 19.26% of the total exports. According to the State Fiscal Service, metal wares exports increased by 25% YoY, to $262.3 million (1.9% of the total exports). Last year ferrous metals exports revenue decreased by 10.3% YoY, to…Details
The chairman of the Independent Miners Union of Ukraine Mikhail Volynets believes that the tragedy at the Stepnaya mine is the result of negligence of the management and the violation of the safety rules. “For instance, one of the miners could only use the fourth self-rescuer, only after that he was able to help the…Details
In January-March Ukraine sold 532.95 billion UAH of industrial goods (products and services), up by 34.7% YoY, including 140.84 billion UAH exported, up by 40.3%. According to the State Statistics Service, mining and quarry industry sales increased by 75.4% and of processing – by 28.1%. Metal and metal wares accounted for 16.7% of the sales,…Details
On May 4, the Novovolynsk miners met the deputies of the people’s deputy Igor Guz to discuss the salary debt problems. According to the chairman of the local miners union Anatoly Mukhomedzhanov, the miners have not received 30% of the February payment, and 100% of March and April salary. So far the debt amounts to…Details
In January-April Ukraine imported 4832.316 thousand tons of coal valued at $770.936 million, down by 9.7% and up by 66.2% YoY respectively. April saw coal imports at $201.304. According to the State Fiscal Service, Russia supplied $433.931 million worth of coal (56.29% of the total), USA – $159.502 million (20.69%), Australia – $54.702 million (7.1%),…Details
Group IST of Alexander Nesis, through Powerboom Investments Limited, has increased its share in the gold-mining company Polymetal to 27.13% from 26.87%. Nesis bought 1.895 million shares, or 0.26% of the stake. As the shares are sold at around 10 GBP, the stake purchased can be estimated at 19 million GBP ($25.5 million). Out of…Details
Evraz dispatched a batch of nodules produced at Kachkanarsk Mining and Processing Works to US Steel Kosice, the biggest steel mill in Slovakia. The nodules fully meet the customer’s requirements in chemical composition and physical properties. The content of iron in the nodules is above 60%; such high strength and solidity characteristics allow producing high…Details
Reserves of the Smolinskaya mine, a part of Vostochniy Mining and Processing Works, at the Vatutinskoye uranium deposit are below 1.4 thousand tons. The mine is expected to have finished operation at the deposits in 3-5 years. At present VostGOK operates at 4 uranium deposits: Vatutinskoye, Michurinskoye, Central and Novokonstaninovskoye. The first three have been…Details
The State Geology and Subsurface Service has cancelled 62 special allowances to use subsurface resources in Donetsk and Lugansk regions because of the absence of reports on mining in 2015-2016.
In March the salary debt to state miners increased by 46.5% MoM, or by 20.222 million UAH, to 63.682 million UAH. According to the Ministry of energy and coal industry, as of March 1, the debt was 43.46 million UAH, and as of April 1 – 63.682 million UAH. As of January 1, the debt…Details
Ukrainian companies seized by the terrorist organizations of Donetsk and Lugansk People’s Republics, supported by Russia, start to shut down. “Anthracite coal, mined there, is needed neither by them, nor by Russia. They have enough of their own coal. The only way is to shut down. The mine named after Zasyadko is shut down, employees…Details
Russky Radiator LLC has finished construction and assembly at the free sites of Nadvoitsy Aluminum Works. The company will be producing aluminum radiators at the new site. The quality of the products will be controlled at each stage. In June all the machinery will be trial-tested, while the full manufacturing capacity is expected to be…Details
In January-February Russia produced 31.01 tons of gold (33.25 tons in 2016), including 23.76 tons of mined gold (24.56 tons), 2.69 tons of by-product gold (2.19 tons) and 4.55 tons of secondary gold (6.49 tons). At the same time silver output totaled 133.91 tons (137.24 tons), including 60.43 tons of mined silver (71.32 tons), 48.05…Details
Aksu Ferroalloy Works has finished the repair of the No. 43 furnace gas-purifying machine.
It took the repairmen 15 days to replace 2688 filter sleeves and repair the main equipment.
In May and June AksZF will renovate two more gas-purifying complexes at furnaces No. 42 and 44. (Ukrainian metal)
The office of the Ufaleinickel general manager has passed from Timofey Sasykov to Edward Karpenko, the ex-deputy director. The decision has been taken at the shareholders’ meeting. Since April 1 the company has stopped operating. The resumption of the work is only possible when the nickel prices revive. 1.7 thousand employees have already been dismissed.…Details
Lysva Iron and Steel Works has confirmed its decision to temporarily halt the investment project. In 2014 the company started the project on the construction of the sheet-rolling complex consisting of two stages. The first part of the first stage saw the assembly of the Printech coating line with the capacity of 110 thousand tons…Details
Miners of Krivoy Rog Iron Ore Industrial Complex, which have previously refused to return to the surface, have been promised a 20% increase of salary. “The negotiations between administration and the miners are going on. The first stage presupposes the increase of salary by 20%. By the end of summer the wages could increase by…Details
In April Yuzhniy Mining and Processing Works increased concentrate output by 12.6% YoY, to 1.001 million tons. According to the company statement, sinter output decreased by 8.9%, to 124.8 thousand tons. In January-April UGOK produced 4.04 million tons of concentrate and 575.6 thousand tons of sinter, up by 12.1% and by 8.1% YoY respectively. Last…Details
In January-March Metinvest decreased iron ore concentrate output by 16% YoY, to 6.68 million tons, coal concentrate – by 1%, to 792 thousand tons.
At the same time, if compared with Q4 2016, iron ore concentrate remained flat, while coal concentrate increased by 8%. (Ukrainian metal)
In 2016 Seligdar received 3.696 billion rubles of net profits as opposed to the net loss of 1.362 billion rubles in 2015. According to the company statement, its profits before taxation reached 4.632 billion rubles (1.672 billion of losses in 2015), and EBITDA – 5.046 billion rubles, up 1.4-fold. Seligdar increased earnings by 39.1% YoY,…Details
In 2017 Amur Minerals LLC will spend 170 million rubles on prospecting works on the gold-copper-porphyrites deposits of Malmyzh. By 2021 the company intends to construct and put into operation the mining and processing works at Malmyzh with the capacity of 30 million tons of ore per year. The reserves of the site will be…Details