Velta declares that the State Service of Geology and Subsoil is holding back the issue of license to develop the Lekarevskoye titanium deposits in Kirovograd region. “We have finished designing the mining and processing works, and settled the financing issues. But we still can’t get the license from the State Service”, the company CEO Andrey…
DetailsThe cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 29, according to the data published by the Central Bank. The cost of gold decreased by 26.265 manats, to 2257.617 manats per troy ounce compared to the price on March 28. The cost of silver decreased by 0.3674 manats, to 27.7438 manats…
DetailsThe cost of silver increased, while the cost of gold, platinum and palladium decreased in Azerbaijan on March 30, according to the data published by the Central Bank. The cost of gold decreased by 4.3095 manats, to 2253.3075 manats per troy ounce in Azerbaijan compared to the price on March 29. The cost of silver…
DetailsDuring his working trip to the South Kazakhstan region the Prime Minister Bakytzhan Sagintayev has visited the first company in the region to produce steel blooms – Shymkent Temir. The company will operate 40-ton induction furnaces and triple-strand continuous casting machine. The plant will be commissioned in April. All the products manufactured will be exported…
DetailsThis year OrionGroup+ LLC, which extracts alluvial gold in the Republic of Sakha (Yakutia), intends to get 90 kg of the precious metal. Last year the yield totaled 66 kg. The gold season will start in June. At present the company is carrying out preparation works at the site. According to the estimates, the resources…
DetailsThe gold-extracting company Kamensky Quarry LLC in 2017 obtained 295 kg of gold, up by 18% from the manufacturing plan. The initial quota for this year is 200 kg. The company has licenses for 4 deposits. The alluvial gold reserves of the Unda site, the license to which was purchased in 2015, amount to 2190…
DetailsSeverstal Distribution has signed an agreement to supply galvanized metal to one of Alutech enterprises for the manufacture of section gates. Galvanized metal manufactured by Cherepovets Iron and Steel Works (Russia) will be used to produce sandwich-panels and sections. “We have been cooperating with Alutech Gate Systems for over 2 years. Specifically for this strategic…
DetailsIn January Ukraine increased currency revenue from the exports of ferrous metals by 33.5% MoM, to $873 million. In 2017 ferrous metals exports revenue totaled $8.7 billion, up by 19.6% YoY. Semi-finished products yielded the most revenue – $2.5 billion, up by 14.9% YoY. Last year Ukraine exported the most ferrous metals to the European…
DetailsFrom April the arc furnace shop No. 2 of Zlatoust Electrometallurgical Works intends to increase smelting volumes by a third – with the help of one more arc furnace with the volume of 12 tons and the project capacity of 27 thousand tons of steel per year. Previously the company used only 2 furnaces, with…
DetailsOskol Electrometallurgical Works has mastered the manufacture of rolls of the run-out table for the continuous casting machine No. 6. The rolls manufactured by OEMK repair-mechanical shops surpass their foreign analogues. The OEMK rolls are made of three parts, while the imported rolls are solid, and thus less maintainable. The new rolls have already passed…
DetailsAccording to the Lipetsk region customs office, in January-February exports increased by 19.5% YoY, to $781.3 million. Foreign trade turnover exceeded $893 million. In the export structure NLMK ferrous metals account for 94.9%. Far foreign countries account for 94.1% of the total foreign trade turnover ($840.7 million). The main trade partners of the Lipetsk region…
DetailsIn 2017 Donetskstal increased losses 3.6-fold YoY, to 8.185 billion UAH.
According to the company statement, its assets as of late 2017 totaled 16.5 billion UAH.
The company current liabilities amounted to 34.878 billion UAH, and its consolidated accounts receivable – 7.701 billion UAH. (Ukrainian metal)
The committee of the primary workers union at ArcelorMittal Kriviy Rih has again claimed the increase of salary to the equivalent of 1 thousand euro from April 1 at the employee conference. “Increase the average monthly salary to AMKR employees from April 1 to the level of 1 thousand euro in UAH equivalent according to…
DetailsThe state enterprise Mirnogradugol has concluded an agreement with Leader Promsnab LLC on the delivery of 709 electric brushes valued at 199.94 thousand UAH. The cost of one electric brush with the size of 12.5x32x40 mm is 282 UAH with VAT. The goods have to be delivered within 3 days of the receipt of order.…
DetailsEnergomashspetsstal has hosted a conference with the employees. The company director of economic issues Lyudmila Ulyaschenko and the union chairman Victor Serbin made the reports. In her report Lyudmila Ulyaschenko touched upon the main economic results of the previous year, calling them successful. “In particular, the average salary level last year increased by 20%. In…
DetailsThe gold-extracting company Petropavlovsk has concluded an agreement with Gazprombank for the delivery of 96 thousand ounces of gold. The deliveries will be prepaid. “This forward contract with Gazprombank provides us with much flexibility in working capital management”, Petropavlovsk finances director Andrei Maruta noted. As of late 2017 Petropavlovsk had forward contracts for the delivery…
DetailsBeloretsk Iron and Steel Works is testing new excavator ropes with polymer coating. This is a new investment project to produce multistrand ropes, including with polymer coating. In December BMK will put into operation new machinery – a rope machine and an extrusion line. Thus, the company will be able to produce ropes with 6-12…
DetailsIn January Russia increased aluminum billets exports by 50.8% YoY, to 301.6 thousand tons. According to the customs statistics, the revenue grew by 98.6%, to $602 million. This is the record for the past several years. The average price of aluminum in January was $2000 per ton FOB Russian border, up by 3.6% MoM and…
DetailsThe cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 28, according to the data published by the Central Bank. The cost of gold decreased by 17.68 manats, to 2283.882 manats per troy ounce compared to the price on March 27. The cost of silver decreased by 0.34 manats, to 28.1112 manats…
DetailsBelarusian specialists are examining a promising gold-bearing site in Sudan, Vasily Kolb, Deputy Head of the Central Office for Natural Resources, Head of the Geology Office of the Belarusian Natural Resources and Environmental Protection Ministry, declared on March 28. The agreement to allow Belarusian specialists to search for and extract gold in Sudan was reached…
DetailsThis year Kuzbass Fuel Company intends to increase coal mining by 21% YoY, to 15.9 million tons. In 2017 coal output grew by 13% YoY, to 13.2 million tons. Investments in the development will reach 3 billion rubles, including 1.4 billion rubles in the purchase of mining machinery. The company will also finance social programs…
DetailsIn 2017 Interpipe Novomoskovsk Pipe Works decreased net losses by 48.5% YoY, to 120.281 million UAH. According to the company statement, its undistributed profit as of the end of 2017 totaled 359.17 million UAH. The company current liabilities dropped by 5.9%, to 1.629 billion UAH, while fixed liabilities grew by 11.3%, to 62.743 million UAH.…
DetailsThe Space Heroes Mine Group, a part of DTEK Pavlogradugol, was the first in Ukraine to have mined 1 million tons of power-generating coal since the start of the year. The high yield is the result of the 2-fold increase of capacity at the mine. This has become possible due to the modernization of the…
DetailsIn 2017 Petropavlovsk Plc received the net profit of $41.5 million, up by 30.9% YoY. According to the company statement, its revenue grew by 8.6%, to $587.4 million, while EBITDA dropped by 1.6%, to $196.8 million. Petropavlovsk is one of the 5 largest gold producers in Russia. Its main assets are in Amur region, where…
DetailsKarelsky Okatysh has received a new locomotive with two dump-cars. The machines were produced in Novocherkassk to order. “This is a unique machine. It has powerful engines. As we are now running 115-ton dump-cars, this is an advantage”, the company chief driver Denis Makarov said. This year the company will also receive 12 more dump-cars.…
DetailsIn 2017 Avdiivka Coke and Chemical Works increased net profits 3.52-fold, to 2.851 billion UAH. According to the company statement, its undistributed profits as of late 2017 totaled 7.16 billion UAH. The company current liabilities grew by 21%, to 12.925 billion UAH, fixed liabilities – by 7%, to 874.15 million UAH, and consolidated accounts receivable…
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