In 2018 Marganets Mining and Processing Works received 163.2 million UAH of net profit, down 5-fold YoY. EBITDA decreased 4.9-fold, to 203.387 million UAH. Last year MGOK received 3.109 billion UAH of net profit, down by 15%. Undistributed profit totaled 698.543 million UAH. (Ukrainian metal)Details
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In January-March, Ukraine increased manganese ore imports by 50% QoQ, to 360 thousand tons. In particular, Ghana supplied 76% of the ore (275.6 thousand tons), Russia – 16%, or 56.8 thousand tons and Georgia – 8%, or 28.5 thousand tons. (Ukrainian metal)Details
In January-March, Metalloinvest decreased pig iron output by 13.9% QoQ and by 5.3% YoY. The decrease has to do with repairs of blast furnaces and the drop in the domestic consumption. Steel output fell by 10.5% QoQ and by 4.2% YoY, to 1.2 million tons. The share of high-added value products in sales totaled 45.6%…Details
In January-March, Rusal decreased aluminum manufacture by 0.3% YoY, to 928 thousand tons. Siberian plants accounted for 93% of the aluminum manufactured. Sales totaled 989.6 thousand tons, with high-added value products sales down by 22.2%, to 259 thousand tons. Average price decreased by 7.8% QoQ, to $1949 per ton. Aluminum foil and packaging production dropped…Details
Prices of precious metals increased in Azerbaijan on May 6 compared to the prices of May 3. The price of gold grew by 17.765 manats, to 2,179.9610 manats per ounce. The price of silver went up by 0.3893 manats, to 25.2557 manats per ounce. The price of platinum increased by 20.3405 manats, to 1,466.4030 manats…Details
President of Kyrgyzstan Sooronbai Jeenbekov promised that uranium would not be mined in Kyrgyzstan. He stated this at a meeting with the judges of the Constitutional Chamber. “We must transfer to the next generation a unified society, a law-governed state. We have to preserve clean, green nature. Taking this opportunity, I want to say that…Details
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…Details
The price of one ounce of gold decreased by 22.5335 manats or by 1.03% last week in Azerbaijan. The average price of one ounce of gold stood at 2,174.4581 manats. The price of one ounce of silver dropped by 0.7198 manats or by 2.8%, to 25.2469 manats. The price of one ounce of platinum fell…Details
The salary debt to miners exceeds 400 million UAH. “Recently a decision has been taken to transfer some funds from the state budget to clear the debt. I believe soon the wage arrears will be paid”, deputy minister of energy and coal industry Anatoly Korzun declared. (Ukrainian metal)Details
Kolmar will be the main coal shipper in Yakutia via railroad in 2019, as it intends to transport 6.8 million tons. Thus, average monthly volumes will be 550 thousand tons. Regional railways plan to transport 7.6 million tons of cargo this year, up by 38% YoY. Thus, Kolmar will account for 89.5%. (Ukrainian metal)Details
In January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons. The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK. The manufacture of pellets…Details
ArcelorMittal Kriviy Rih has started the final stage of the bar mill No. 250-4 reconstruction. 90% of the machinery has already been assembled. The total cost of the project is $55 million. Danieli supplied all the equipment. The design capacity of the mill after reconstruction will reach 1.052 million tons of rebars per year. (Ukrainian…Details
Energomashspetsstal has received a new order to produce working rolls for Azovstal. The new order envisages the manufacture of 22 working rolls for the hot-rolling mills with the weight of 6 to 16 tons. The total weight of the rolls to be supplied is 182.4 tons. The rolls have to be delivered in Q2-Q3 and…Details