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“It is extremely important for exploration of new uranium objects in the region to be carried out only under the condition of maximum observance of environmental and technical safety,” Special Representative of the European Union for Central Asia, Peter Burian, declared. According to him, at the last donor conference on reclamation of uranium facilities in…
DetailsDonetsk region mining business continues increasing wages to its employees. As a result, some underground professions already exceed the average level of salary in Poland and the Czech Republic for Ukrainian workers. Average increase in wages reaches 15%. The growth will cover over 10 thousand employees of 8 companies-partners of Donetskstal, including the Pokrovskoye Mine…
DetailsIn 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY. EBITDA dropped by 60%, to 220.7 million UAH. At the same time the net income increased by 12.5%, to 3.213 billion UAH. Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)
DetailsRusal has placed 10-year bonds valued at 15 billion rubles. The interest rate is 9%. Initial volume of bonds was 10 billion rubles, but the demand allowed the company to increase it to 15 billion. This is the first issue of bonds by Rusal after the sanctions from it have been lifted. In January 2018,…
DetailsOn April 25, an explosion occurred at the Skhidcarbon mine in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia. So far, bodies of three miners have been brought to the surface. The fate of 14 more is still unknown. The accident happened at the depth of 300 meters. (Ukrainian metal)
DetailsNovgorodsky Iron and Steel Works has renewed its special machinery fleet. In particular, the company has received a new Linde H20T-01 forklift truck with the lifting capacity of 2 tons. The cost of the new machine totaled 2 million rubles. The new truck will be used in the copper electrolysis shop. (Ukrainian metal)
DetailsSinarsky Pipe Works has commissioned two new electric bridge cranes. The cranes have been assembled in the pipe-rolling shop No. 2. The company intends to replace 10 cranes. (Ukrainian metal)
DetailsOn April 29, 1974, Evraz ZSMK converter shop No. 2 produced its first steel. At present the shop operates 2 converters with the volume of 320 tons. In 2017, one of them was replaced. Soon another will follow. In 2002 the plant commissioned the largest continuous casting machine in the world. In 3 years, the…
DetailsIn the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more. Thus, sales will total 1255 kg, up from 406 kg in January-April 2018. In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
DetailsPrices of precious metals increased in Azerbaijan on April 26 compared to the prices on April 25. Thus, the price of gold grew by 7.7435 manats, to 2,176.0255 manats per ounce. The price of silver went up by 0.151 manats, to 25.4915 manats per ounce. The price of platinum increased by 10.302 manats, to 1,512.49…
DetailsRally against uranium mining at Tash-Bulak deposit in Kyzyl-Ompol village of Issyk-Kul region started in Bishkek. Participants of the protest demand to instruct the licensing commission of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to conduct immediate audit and cancel over 35 previously issued licenses for geological exploration, sampling, mining and…
DetailsSales of coal concentrate of the Russian coal producer Raspadskaya rose by 4% YoY, to 1.962 million tons in January-March, the company said in a statement on April 26. Export sales grew by 9%, to 1.467 million tons, while domestic sales fell by 9%, to 495,000 tons. Green coal production rose by 30%, to 3.916…
DetailsThe Antimonopoly Committee of Ukraine has fined DCH Group for 58 million UAH for the violation of the economic competitiveness protection legislation while purchasing Dneprovsky Iron and Steel Works shares from Evraz, but still allowed the concentration. The committee has studied the case of DCH buying the DMZ and fined the former for buying the…
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